Review on Cryptology by Naomi Ilani
The Cryptology Exchange Platform
TThe features a trader looks out for in an exchange platform happens to be diverse. Most times, these features includes security, trading fees and even their trading platform. This makes the blockchain network a home to competitors. Over the course of checking out some exchange platforms to review, I stumbled upon an exchange platform that looks nice and thought it right to review it.
This exchange platform is known as the Cryptology exchange platform. It is an exchange platform that is based in Singapore and has been in existence since the year 2018. The exchange platform seems to have interested me with many of its features, all of which I would be talking about in this review.
First is the fact that it allows both fiat and crypto trading. Most exchange platforms don't seem to have this feature, thereby making any exchange platform with this feature nothing but a unique one. The fact that the exchange platform also accepts a nice range of crypto and fiats is also quite encouraging as the traders are exposed to a wide range of cryptocurrencies and fiats for the tradings. Still on the topic of trading, the Cryptology exchange platform seems to charge a low fee but I don't find it competitive at all. I actually expect an exchange platform to have a competitive fee in addition to the many interesting features they have due to the numerous exchange platforms we have on the blockchain network today. As for the Cryptology exchange platform, they charge traders a flat fee of 0.2%, I'm sure you can now see why I don't find it competitive. The interface is also something to talk about, as I find it an easy to understand interface. They also have their interface translated in English and Chinese leaving them as a multi lingual exchange platform.
The security of a traders fund and information is something most exchange platforms should be considerate about. This is because security is a priority in the blockchain network due to the fact that most companies on the blockchain network are decentralized. The Cryptology exchange platform happens to have noticed that as they have been able to set up some security features, one of which is the SSL (Secure Socket Layer). The exchange platform also makes use of the popular 2 Factor Authentication. It is considered as one of the most secured means of protecting traders accounts. Finally, I seem to love the fact that the exchange platform is available on both Android and iPhone Google play store.
Pros
- The exchange platform has a nice and easy to understand user interface
- The exchange platform has a very good security feature
- The exchange platform has its mobile application available for download on Google Play Store
- The exchange platform has been translated in Chinese and is still available in English Language
Cons
- I don't find their trading fee competitive
