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Review on Tokocrypto by Praise Olagbadun

Revainrating 4 out of 5

A Nice Exchange Platform, I Must Confess

Recently, I've got to discover that no country wants to be left out in the development cryptocurrencies and the blockchain network brings to us. This has made almost all countries out there to actively participate in crypto related businesses and struggle to make theirs the best, not globally really, but in their country. Recently, I saw an exchange platform from the United Arab Emirates, UAE, a very surprising thing to me actually. Today, I'm seeing an Indonesian exchange platform too. This isn't too surprising to me as I've seen some other Indonesian exchange platforms like Indodax but seeing them in their bulk begins to surprise me.
The exchange platform that would take their reviews focus is no other but thr TokoCrypto. I'm sure you must have easily discovered the fact that the exchange platform is from Indonesia. It is also considered to be one of the fastest growing exchanges in the country and its growth has been on the increase ever since it started operating in the year 2018. The exchange platform seems to have alot to offer and that's just what I would be talking about in this review.
One of the first things I usually check out in an exchange platform is their trading services. This is because I am mostly concerned with trading when I get to know about an exchange platform. I had to check the TokoCrypto's own too. Their trading fees happens to be one of the most competitive ones in the industry. This is displayed by the fact that they charge both parties of a trade a fee of 0.1%. There haven't been any news about reduction of the trading fees even with their own token. Or it might be that I'm yet to come across one. Still on the topic of trading services, the exchange platform has a nice user interface which I mostly consider as easy to learn and understand than beauty. This is because I got to understand how to use the platform almost immediately.
The next thing I would talk about is their cooperation with Binance and their token, TKO. I've said this again and again. Any exchange platform that cooperate with Binance is on the way to Success. I guess this was what made the TokoCrypto exchange platform gain massive adoption not minding its age. Now moving on to their token, TKO. The TokoCrypto token is a BEP-20 token with a total supply of 500,000,000 tokens. This happens to be a really nice number for it. As I said earlier, I'm yet to find a significant use case of this token and most especially, it doesn't cut out trading fees.
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Pros
  • The exchange platform charges a competitive fee
  • They are supported by Binance
  • Their interface is superb
  • Not minding its age, it has grown to become one of the biggest in Indonesia
Cons
  • They have their own token which don't seem to have a use case