Review on DOBI Exchange by Temitope Babatunde
Dobi Exchange, An Exchange With Many Red Flag.
Dobi Exchange or as some are calling it Dobi Trade Exchange, this name is befitting because the exchange deals in other services besides trading in cryptocurrencies; for instance, the mother company BTC51 Technology Development Company Limited deals in the selling of moving cloud coin. the exchange itself was established in 2018.
It has OTC service depositing into the exchange is free and the withdrawal fee depend on the coin one is withdrawing. The trading fee is 0.3 percent both for taker and maker, but at times may depend on the pair, for example if one is trading eth against btc it is 0.10 percent.
In 2019, there is an issue of a scam coin named RET which the exchange was invovled with, this cast a very bad image on the exchange which makes many to be warned against it. Beside the support team are not responsive, so it is good one stay away from it for now until it's situation improved or changed.
Pros
- Can handle up to 10000 transaction per second.
- It has mobile application
- Has number of language on the website
Cons
- It only support crypto to crypto, no fiat deposit so not an entrant exchange.
- The team behind the exchange is not all that known
