Review on Sparrow by Tosin Temitope
SPARROW TRADING PLATFORM
T
Though the registration on this Cryptocurrency exchange platform is required doing documents verification, that is you need to complete your know your customer to be able to trade. I love the way it structure the platform as a whole. The platform is well designed and has the needed information.
The platform supports Three languages, in my opinion the team behind the exchange should work on adding more languages to make it to be competitive, to solve the problem of language barrier for some countries.
It is multi cryptocurrency platform, it supports top digital assets. In my opinion the team can also work on adding more Assets. It worth mentioning that is has it native token that has added advantage when it is using on the platform. It reduces transaction fee to about 50 percent. It is ERC 20 token
I love the fact the platform has many strong partners which is the added advantage.
Deposit into the platform can be made through deposit address gotten from it official website. I love the provisions of deposit through digital currency, but I suggest the platform should work on accepting fiat deposit. This will attract newbies and make the platform more competitive. The platform make provisions for users to submit withdrawal on their official website, it must be within the limit set. I my opinion, this can be reviewed because it stressful. It withdrawal fee is competitive.
This platform is a good platform that traders can as well consider, though the liquidity is low. It has a social media platforms and great community, I believe with time it will get to higher point. The team should put all hands on desk and review the platform to make it more competitive.
Pros
- It has put many security measures in place, such as two factor authentication
- It has a native token SPO that runs on Ethereum blockchain. It has many advantages on the platform
- I love the way the platform was designed
- It has a frequently asked questions that helps new users to learn how to use the platform
- Low transaction fee
Cons
- Ethereum transaction is expensive this days because of the high gas fee
- Not supports fiat deposit
