Review on Tidex by Aman Arora
Tidex is secured and reliable but very low coins trading volume makes it hard to perform
Tidex is one of the reliable crypto currency trading platform which deals with multi features like trading staking and lending. Most of the volume is generated by BTC Ether and USDT. Usdt provide multi features as most pair generate good volume against USDT and beside Trading Users can use borrow USDT by lending BTC as collateral and get 65% of the value in USDT at 9.5% APR.
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specially if you like to trade USDT crosses because not only you can use Tether to trade but you can stake usdt and get 50% APY annually which is directly paid into your daily. One of the advantages that I have with Tidex is the low 0.10% fees for both buy and sell orders.
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Exchange only deal with top 5-6coins for trading and those are the coins which are responsible for most of the volume exchange produce. Although there are more than 50 coins available to deposit and trade but they usually have very low or no volume so users need to check the order book and volume before using the exchange but exchange provide good volume for BTC ETH & Litecoin.
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Exchange has secured way to deal with assets with Pincode google 2FA and Email binding for both login and withdrawls. Improved interface from what I witness in the past but still few features on which exchange need to work like adding more reliable token to trade to generate good volume and create a better environment for traders and adding more value to TDX token so that users can use it for trading beside just staking it on the exchange.
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Pros
- Reliable trading environment for top coins and easy to scroll through interface which is smooth for trading as well
- Both staking and lending facility available with decent value against your collateral
- USdt and other token staking facility let trders earn good APY
Cons
- Only few coins to trade and exchange struggle with low volume on most of the tokens
- Exchange collateral borrowing is risky as usually position is liquidated if value falls below the collateral
