Review on Paritex by Mathias David
I Guess This Exchange Platform Needs Some Improvements
Sincerely, I haven't seen a Turkish exchange platform except for the one o would be reviewing today. This exchange platform is no other one but Paritex. This exchange platform happens to be one of the many exchanges that traders have written off as bad and that alone prompted me to check their services out. The exchange platform unlike many other exchanges that have been written off as bad is still functional. I have proven this out by logging in to and even opening an account with this Turkish exchange platform. However, they tend to have some features which are discouraging and those are the ones I would be talking about- the good ones inclusive too. The first thing I noticed about the exchange platform is their language. On checking out the exchange platform on the web, I discovered that although they have some things written in English Language (the necessary ones), they also have some other things in Turkish. I don't really find this bad, I feel they are using this to demonstrate the market they are targetting- the Turkish market. This would also help to prompt Turkish traders to use their platform. Another thing I like about the language is the fact that the vital information are written in English Language. Although I never saw a place to change the entire interface to English Language, I guess it should be there. Another thing about their interface is the speed. I actually find it devastating when a site takes close to a minute or even more to load. That is exactly the same with this exchange platform. Their site seems to be really slow and not too beautiful. I guess this is because the exchange platform isn't too popular. On checking the top gainers and losers list. I found it empty, it made me wonder if there are active traders on this platform at all. The exchange platform also seems to have one thing I love about the majorly- security. The fact that the Paritex exchange platform has been able to secure their users funds with the use of cold storage excites me. This is proven by the fact that they have more than 95% of their users funds stored on this cold storage wallet, which is also completely free from hackers. This would also help to have traders free from the fear of losing their funds to thieves in the name of hackers.
The last section I would be considering in this review is their trading features, pairs and fees. I made this the last section so as to stress its relevance in reviewing an exchange platform. The Paritex exchange platform seems to have a moderate trading interface. I don't find it too good and that's the major reason I am calling it moderate. As for their fees, they charge both trading parties, that is, the makers and takers a fee of 0.15% which is affordable and somehow a competitive fee. I couldn't find any means by which this fee can be reduced, that is by using a specific token to pay trading fees or holding a coin, but I hope they do that soon. The number of trading pairs is also important, especially for traders like myself that love seeing different cryptos in their varieties. This exchange platform seems to have a seemingly fair amount of crypto pairs which includes the popular ones like Bitcoin and Ripple which would help traders have access to the well known cryptos.
Pros
- The exchange platform charges nicely as trading fee
- The exchange platform seems to have a target market, Turkey and makes their interface translated in Turkish to attract these traders
Cons
- Their platform is very slow
- The platform doesn't look too beautiful to me
