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kpalimé
1 Level
16 Review
-45.75 Karma

Review on Mr. Exchange by Arma said

Revainrating 5 out of 5

Mr. Exchange is an exchange platform.

Mr. Exchange is the new name of Mr.Ripple. The exchange is still in the transition process, which may be the reason for the multiple problems they are experiencing (most notably, some users not being able to withdraw). This is definitely not a trading venue which we would recommend for non-Japanese traders (in fact, the locals should also proceed with caution). Hopefully we will be able to update this review in the future, when the situation settles – we are sad to see the gentlemanly logo be associated with such a project.



Pros
  • Two Factor Authentication is a widely accepted security measure, which lets you connect your account at the exchange with another device. This is most frequently done via a smartphone app.
  • Mr. Exchange accepts transfers in JPY.
Cons
  • This one is not explicitly under their oversight, but more importantly has probably had some issues in the past.

Comments (1)

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April 24, 2020
The story of Mr. Exchange illustrates the risky nature of cryptocurrencies.