Review on VINEX Network by Othere Obtentus
Exchange platform
Vinex Network is an exchange registered in Singapore that was born in September 2018. Vinex supports 50+ cryptocurrencies for trading, among them are the most well-known such as Bitcoin, Ethereum, Litecoin, Tether, etc.
The trading fee for takers for Vinex Network is 0.25 percent. This fee is above
the average in the market. Arguably, the industry average is about 0.25%. Makers profit from a small discount on the trading fee and deal for a 0.20 percent trading fee. When you have a big trading volume over the previous 30 days, Vinex Network also provides trading fee discounts. If they have a significant trading volume, trading fees can be as low as 0.02 percent for takers.
No deposit option other than cryptocurrencies is accepted by this exchange, so new crypto investors are restricted from trading here. If you are a new crypto investor and want to start trading on this exchange, first you will need to buy cryptos from another exchange and then deposit them here as a second move.
Pros
- Attractive interface
- Growing and expanding platform
- 50+ cryptocurrencies
- Available in 11 languages
- Trading discounts
Cons
- Trading volume is still very low
- Only accepts crypto deposits
- lack some features that more experienced traders would like to have
