Review on Omgfin by Pedro O. Alvino M.
Exchange of digital assets from the republic of Estonia
An Exchange regulated and originating from the Republic of Estonia, which provides users to connect through social networks the commercial experiences within the OMGfin Exchange, in which operators will be able to have bonuses, reimbursement and a novel referral reward system.
With a large number of crypto assets listed on the Exchange, the trading volume in the main Exchange pairs is acceptable, although it is worth adding that other secondary currency pairs the liquidity is very low. Transactions within the Exchange are processed through the Bitcoin transaction network.
The activity within the Exchange is relatively low, according to the airdrop list it contains, it is outdated and as the withdrawal fees are cheap, but as the limits established for withdrawing it does not allow large volume traders to withdraw large profits within the Exchange However, this limit may increase in terms of KYC verification.
Pros
- It lists a large number of crypto assets and various currency pairs.
- It offers a 0.1% trading commission rate.
- Use the Lightning Network to process transactions within the Exchange.
Cons
- Low liquidity in certain exchange pairs that it provides.
- It sets very low withdrawal limits and KYC is required to increase this limit.
- The airdrop program it integrates is outdated.
