Review on Newdex by Mercy Godwin

In this dear crypto world 🌍🌍🌍 of ours today, there have many and when I say many, I mean, a lot of cryptocurrency projects today which has been a major cause of some complications we seem to have been seeing today. There are many cryptocurrency exchanges and cryptocurrency projects established today but as concerned by our/my review today, I would be discussing more on cryptocurrency exchanges rather than drifting much away from our topic of the review. As I was saying there are very much and a lot of cryptocurrency exchanges at your disposal to trade on but remember this; not all are reliable and trustworthy for trade and even some of them that are reliable are ot advisable to trade on because of some certain reason of which one is the volume of that Exchange and its development team. However, as we continue to discuss further, I will be discussing about a particular cryptocurrency exchange, Newdex, which is going to be the main business of this review, there I hope you pay close attention as you move along with me but remember, I am not a financial adviser and that I am not going to be blamed if any thing goes wrong.

Talking about this exchange, Newdex, it is much of a new cryptocurrency exchange and as its name implies, it is a decentralized cryptocurrency exchange which was established just few years ago in the year 2018 and since then, by my own observation of this exchange, it has really been improving and there are very many developments going on in its platform and more to be done. If I were to say, Newdex has not really improved a lot as I expected of it because of some few things I will be explaining briefly about it. Taking a close look at its active market, Newdex really has a good and well established platform with a nice trade view as well as a good number of cryptocurrencies available for trade on its market but there are still somethings I do not really like about its trading activities. I say this because if I were to choose a cryptocurrency exchange to trade my digital assets, I would not choose Newdex. This is because some of the criteria I would want of an exchange are not possessed by this exchange which is; Newdex has a very low trade volume for cryptocurrencies available on its market and even if some people would say it does not matter at all, it still scares me. Another thing is that, the so called cryptocurrencies available on its market are but just few. It only supports some cryptocurrencies which are mostly coins that are not reliable for investment. I did not seem to see any reasonable coin for me except for EOS and USDT, these are the only ones that is found to be nice.

To conclude it all, Newdex is a nice cryptocurrency to trade on but I do not think any professional cryptocurrency trader would like to trade there.