Review on IDCM by Raul Leon
IDCM a Chinese exchange that has had great difficulties.
IDCM is a cryptocurrency exchange platform operating from China where it owns a smaller selection of trading pairs. This exchange came to market with the function that users can use it from the comfort of their mobile phones, which is not usually a problem for users since it is available for download from the App Store and Google Play. This interchange began operations from April 2018 where it began with a high liquidity that to date has remained high in terms of rates, they do not charge different rates between policyholders and manufacturers. Their rate model is instead something called a flat rate model. Its flat rate model is 0.10%. The exchange charges a withdrawal and trading fee that amounts to 0.0005 BTC when you withdraw BTC. This fee is below the global industry average as no cryptocurrency exchange platform operating and operating from China has such a low BTC withdrawal fee in the market. Taking in general lines, the commercial rates and the withdrawal rates in this exchange are very competitive both from an international and national perspective.
Pros
- This is an exchange that has a mobile application that will be available for Android and iOS devices.
- It has a low rate in operations, marketing and transfer that can reach up to 0.1%.
- It is available in different languages so that it can be accessed from different regions.
Cons
- Some users have reported that they have lost a lot of money in this exchange losing a great trust in the community.
