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Monrovia
4 Level
216 Review
1967.5 Karma

Review on Emirex by Sudais Quadri

Revainrating 4 out of 5

Emirex exchange might just have everything you are looking for, from Interface down to transaction fee

Well, Emirex exchange is a centralized exchange launched in 2017 where it was first called BitMeEx before it got rebranded to Emirex in 2019. Emirex also refers itself as the secure gateway into the world of digital assets. Registration on this exchange is very fast and easy, only a few details were needed, easy peezy! After I registered, i proceeded to depositing in the exchange which had to be done before i could start trading, however before i was able to do this, i had to complete my KYC verification. KYC verification is actually grouped into three with various advantages and restriction: the starter, Expert and master, so i just went for the starter verification, i had to provide my name, country of residence. Well, i made my deposit via cryptocurrencies amongst other options which were Credit cards or bank transfer. It took a while before my cryptocurrency transfer could display on my account. Well, i would commend them on the aspect of their transaction speed in correlation to the acclaimed 100,000,000 transaction per second. The trading fees here has greatly influenced the deep liquidity here coupled with rhe number of trading pairs which number up to 100. Well, Emirex charges a 0.1% fee for every transaction made apart from EMRX/USDT or EMRX/BTC where the fee is 0.3%. Well, if you are wondering what EMRX is, EMRX os the digitalized native token of Emirex, it is an ERC-20 token with about 500,000,000 in circulation. I am looking forward to Emirex providing a trading apl to give users a nice trading feeling.

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Pros
  • The registration process is easy and fast
  • The liquidity is very attractive and quite deep
  • The exchange trades multiple cryptocurrencies
  • The exchange has its own token, EMRX
  • The user interface is friendly
  • Transactions are processed very fast on this exchange
  • Emirex exchange charges a very low fee for transaction
Cons
  • The exchange doesn't have a mobile trading app
  • The withdrawal fee seems exorbitant, hence this might discourage traders
  • Time taken for deposit to reflect on users account is long

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