Review on DragonEX by Yenkelys Barcenas
DragonEx. An Exchange Designed For The Asian Market.
It is a digital asset exchange platform, which has its own native currency: Dragon Token, a dividend token based on the ERC20 token standard, also, it has around 90 pairs of cryptocurrencies and 4 compatible markets. This exhange has a solid number of cryptocurrency trading pairs, but its most trading pair is the BTC / USDT.
Unlike other platforms such as Binance, it does not allow exchanging fiat currency for cryptocurrencies via credit card, however, bank transfers are accepted. A plus point is its Android and Apple compatible mobile support, which is great for those looking to trade on the go. It is also more focused on the Asian market than on the global market, although this not limits access to Americans, this means that although it is a good platform, it is not very accessible to all users since the language used on its website is Chinese, although it allows English translation and this is still an unflattering factor for this Exchange. The commissions are variable and are made lower for creators through discounts.
Although it does not stand out among the main exchanges for this 2020, it is classified as a good trade alternative, in its security tests it has been above average, however it has been the object of attacks and theft, as every digital platform is exposed to a greater or lesser extent to this type of action, where security levels must be shared between users and developers. The opinions that some users have issued have referred inconveniences with the user interface due to the language and the attention, the customer service is not very effective.
Pros
- Commissions remain below average.
- It has a good mobile support compatible with Android and Apple.
- Own your native currency based on the ERC20 token standard
Cons
- It has lost reliability regarding the security of the platform.
