Review on PicoStocks by Victor Nnamah
Operating on this exchange is a very bad idea.
Sometimes, trading in cryptocurrencies is a horrible experience especially when trading on an exchange that does not offer good services to enable cryptocurrency traders to trade as it suits them. Also, there are so many exchange platforms that are indirectly traps for uninformed traders and this could lead to total lost of funds. One of these exchange platforms I term as a trap is the PicoStocks. PicoStocks is an exchange platform designed for the purpose of enabling traders to trade in cryptocurrencies.
As stated on its website, PicoStocks claims to be a high-tech startup incubator that enables fundraising, evaluation and profit sharing. In the contrary, I don't really understand what this platform is all about because there are no enough detailed information stated about it on its platform. PicoStocks was meant for trading but on the contrary, I think it is a trap. It has a community support via email and through its social media site like Twitter but not very effective, the last update I saw was as of March 29, 2019 which I can conclude that it has not been active. It has a very low number of followers as of my last visit to its Twitter account which implies that it is a very unpopular exchange with very few number of users, if there is.
Moreover, it has a very small range of exchange pairs for trade and main pairs are only with BTC or ETH and this is not going to be very favorable for a trader whose intention is to trade and hold many cryptocurrency tokens. I don't like the look of its graphic display and interface because it does not look attractive.
In the nutshell, I don't recommend it for any reason because it is a trap and uninformed traders might lose their assets if they use it.
Pros
- It is not a complex platform.
- It had a good vision.
Cons
- Its visual display is very unattractive.
- It doesn't have a good community interaction on social media.
- It is very unpopular.
- There are no enough information about this platform.
- It seems to be inactive for some time now.
