Review on Paritex by Sudais Quadri
Paritex exchange
Limited cryptocurrencies supported on this exchange is actually a problem here on Paritex exchange. Tis exchange is a centrlaised exchange launched in 2019 in Turkey. The exchange also offers trading with fiat currencies which are United States Dollar and the Turkish Lira. To deposit, users are allowed to use wire transfers and cryptocurrencies. The exchange has made trading easy for its traders by providing a very affordable means of trading bringing the price to as low as 0.15% and a withdrawal fee of 0.0005 BTC. Margin trading and OTC trading are not confirmed to be executed on this exchange but it is most likely not a feature on this exchange. The trading interface of this exchange would have been excellent but for the trading chart which usually takes time to load. The exchange doesn't really have enough publicity to make it known to other traders. But with the support of only TRY and USD as the only fiat currencies traded, this is a main feature which is a limiting factor to the growth of this exchange. The exchange also reminds users that most of its funds are stored offline in cold storage. Since the telegram group is in only Turkish, i would consider the customers support as very bad as it doesn't provide services for all traders!
Pros
- It is a recently launched exchange
- The exchange has a very low trading fee
- The Liquidity on this exchange is deep
Cons
- The exchange doesn't really do well in terns if cryptocurrencies supported
- The user interface isn't still that attractive and intuitive
- The Exchange doesn't have much information about itself
- No language barrier is broken!
