Review on TimeX by larei bello
Timex exchange
Timex Exchange was launched in 2019 as a hybrid exchange. Hybrid exchange are quite unpopular types of cryptocurrency exchange platforms. Hybrid exchanges are there to just solve the problems faced by centralized exchanges and decentralized exchanges. As for centralized exchanges, they are mainly faced with problems of security due to involvement of third parties though they come with deep liquidity, while decentralized exchanges on the other hand are mainly faced with the problem of liquidity which is the main reason why centralized exchanges are more popular than decentralized ones. However decentralized exchanges are usually secure and more confidential. Hybrid exchanges were created to combine the features of centralized and decentralized exchanges. Most Hybrid exchanges are still in their final stage of development which might be the reason for their unpopularity. Timex exchange comes with a user friendly interface which is quite intelligible and easy to navigate through. Trading crypto currency like Bitcoin, Ethereum, Ethereum, Ripple, ChainLink, Timex doesn't really point out whether it supports fiat currencies or not. I haven't traded here yet because, i am yet to understand the functionality of Hybrid exchanges but Timex exchange trades with fees as low as 0.25% for makers but high fees of 0.5% for takers, i guess this is because it is a newly launched exchange.
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Pros
- Nice trading interface in Timex
- Considerable trading fees on Timex
- The exchange uses hybrid technology for its operations
Cons
- The exchange was recently launched, not much experience has been gathered
