Review on VinDAX by Japheth Ayuba
An exchange engineered towards low trade fees
Vindax is a centralized exchange located in Vietnam and started business just last year 2019. The exchange has experienced exponential growth due to its engineered low trade fees support on the exchange. The trade fees charged on this exchange is a flat 0.05% and this trade fee can be reduced down to 0.02% by holding the exchange coin VD-token. There is a mobile app for this exchange and as 160 coins are being traded, traders are sure to find their best crypto currency to trade.
Margin trading isn't available on this exchange neither is fiat trading or fiat to crypto swaps. The major appeal though of this exchange to many traders is it's trade fee which is considered extremely low as compared to the market average of 0.25% and so is recommended for big time traders as this exchange helps one with the fees reduction
Pros
- An exchange engineered towards lower trade fees at a flat 0.05% and the use of its native coin VD-token to further reduce this trade fees to 0.02%
- High 24 hour volume recorded on this exchange at time of writing was $385 million
- 160 coin and tokens are traded on this exchange all paired up with BTC, Eth, USDT and VD-token
- Mobile app is supported for this exchange
- Withdrawal fees charged are very low for most of its Crypto
Cons
- Margin trading is not available
