Review on SparkDEX by Adedamola Adeniji
Sparkdex is an Exchange That Will Serve You Well Because It is Safe and Cheap
SparkDex Is one of the decentralized exchange also coming from Hongoing. Being Decentralized means that your transactions are done anonymously.
It supports top Cryptocurrencies like ETH, BTC, Bitshares among others.
Sparkdex also allows the use of stable coins connected to fiat currency like AUD, PHP, USD, and many more.
Aside its Dex feature it is equally armed with what is called cash points. Cash Point offers Bitspark users the choice of making deposits or withdrawal for designation physical locations. This I see as a major plus, US Investors should not trade on this platform, because of US stringent laws SparkDex is not available to you.
It is equally worthy of note that this exchange is not available on web but only on mobile devices, I don't have issues with this because I do most of my transaction on mobile devices, so if you are like me you don't any issue with this too.
Talking about its trading view it is quite easy to grasp for all levels of Crypto traders whether veteran or newbie
In terms of fees its charges are within the average percentage of what obtains in the Industry, there is no divide between takers and makers they both pay flat fee of 0.20 percent of the order value
For security you don't have to flinch over the safety of your digital assets, because it Dex feature makes it immune to hackers and server downtime issues
I strongly recommend this exchange to new traders especially.
Pros
- No need of KYC.
- Because it runs on Dex technology it is highly immuned to hacking.
- It as a global spread across the globe which reduces the risk of server down time.
- Users are put in charge of all their transaction with no form of third party interference.
Cons
- Attractive to cyber criminals.
