Review on DragonEX by Praise Olagbadun
My Review On DragonEx
DragonEx is a Singaporean exchange platform in Asia, it has gained a little popularity due to its originality: Singapore. Singapore is one of the countries that lead the way in terms of digital exchange houses. It was established in the year 2017 and has a large number of cryptocurrency pairs on it's platform including many stable coins
Most traders had interest in DragonEx not until it was hacked in March 2019 and millions of dollars were lost although not specified but despite this, DragonEx managed to refund all traders but notwithstanding, the fear of loosing a lifetime investment is still embedded in investors
DragonEx has a very cordial realtiknship with it's members as they try to be transparent in all their dealings. The exchange platform has multiple languages but not enough to serve all users and has contributed to its not being popular. The platform is well designed to manage operations without problem and DragonEx has the habit of providing give aways to its users
Pros
- KYC is not necessarily needed to make withdrawals
- DragonEx supports multiple altcoins making many traders interested in using it
- It's platform is well designed and also easy to use
- The company is transparent as this was shown when it was hacked in 2019 and they managed to pay all their investors
Cons
- Absence of KYC makes the platform prone to hacking
- DragonEx is not well known, therefore it has a low popularity
- Although DragonEx has other languages, they are not enough as many investors from various parts of the world are picking interest
- Investors are scared of investing after the incidence that occured in the year 2019 leaving them with few investors
