Review on KYRREX by Killer Bean
Kyrrex Exchange 2021
Kyrrex exchange is another centralized exchange coming from Malta launched in 2016. This exchange was built having three sets of people in mind, the beginners, Advanced and Advanced+ as this are the three categories present with each having their own complexities and various advantages over the other. After creating my own account and verifying it, i went on to make a deposit of $10 worth of Tether to start my trading as a beginner. Thus exchange brings trading to the lowest by charging a fee of 0.1-0.15% for every transaction made coupled with the deep liquidity provided by the exchange. I guess this is because it shares a partnership with Huobi Global, Rigel Platform, Fides. I would recommend this exchange for any trader, looking at the daily trade volume of this exchange which lies at about 1.2 million USD, with a total of $500,000,000+ since its launch. For an exchange that processes about 1.5 million transaction every second, i would term it reliable exchange. Well, the main reason why i traded such a little amount was because of the Telegram Community group which didnt even have any message in it at all. With the security measure like two-factor-authentification and built in data encryption, users can be fully assured that their funds can never be stolen.
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Pros
- It supports multiple cryptocurrencies like Bitcoin
- The user interface is enticing and friendly for beginners and experts
- The fees here are generally cheap
- The liquidty is very nice, as a result of the low trading fees and partnership with Huobi
- The exchange makes use of 2 factor authentication
- There is User Guide for new users
Cons
- The inactivity in the group chat is a thing of worry
