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Review on DragonEX by Damian Agnesa Mari

Revainrating 5 out of 5

As for deposits, DragonEX charges no fees whatsoever, except in cases where it…

As for deposits, DragonEX charges no fees whatsoever, except in cases where it has to move certain kinds of cryptocurrency to another address before crediting them to a user’s account. However, it does charge for withdrawals, with their prices varying according to the cryptocurrency being withdrawn.



Pros
  • DragonEX is another exchange focusing on more experienced traders. Based in Las Vegas, it doesn’t enable direct purchases of cryptocurrencies using fiat currencies such as euros and US dollars. Instead, it focuses on paired trades between cryptocurrencies, providing a sleek interface and quick transaction times. It also has a set of its own APIs, which can be used for automated trading with bots. Having been launched by former employees of Microsoft and Amazon, another one of its biggest draws is its robust security (it has never been hacked). That said, the exchange’s security and compliance efforts have resulted recently in a small number of users having their accounts disabled.
Cons
  • DragonEX charges a 0.25% commission fee on all trades. If a customer buys one bitcoin for USD 12,122.94, for example, this means they’ll pay around USD 30.31 in commission.