Review on Triple Dice Exchange by Benaiah A. Akinlade
TDX is a no go area
Triple Dice Exchange is a cryptocurrency exchange from Singapore. It was run by MYTHOLOGY HOLDINGS LTD.
TDX website is available in English and Japanese. When the exchange surfaced, It called itself a “next-generation digital currency exchange”, although my findings begs to differ. The English version of the website does not in any way have any iota of correlation with its self acclaimed “next generation”.
The exchange is not available for US-Based investors to trade. This exclusion is primarily due to regulatory reasons.
The trading fees for takers here are exorbitant at 0.60% in comparison to the industrys average of (0.25%).
The fees for withdrawals are also on the high. When you withdraw Bitcoin, you need to pay 0.004 BTC which like is 40 times higher than other exchanges.
There is a platform for wire transfer as a method of deposit on TDX, but deposit can’t be done with credit cards.
I discovered that on TDX, if you do KYC you will see your verification or OTP code after 24 hours, and in some cases, you may not get the code at all
This exchange ceased to be, as of 12 September 2019 according to reports.
I see no reason at all to start trading at this exchange.
Pros
- None at the moment
Cons
- Not available for US investors
- Only 2 languages supported
- Trading fees is too high
- Card deposits are not allowed
- Poor KYC system
