Review on VINEX Network by gregori cordova
a very simple and growing exchange dedicated to new crypto enthusiasts
The options when it comes to exchanging our cryptocurrencies are many, and the offer of exchanges in the market continues to grow. The most famous exchanges such as coinbase, or bittex do not need any kind of publicity, because they already have a consolidated reputation, but the newest ones that hit the market have a harder task. The Exchange Vinex network, is one of the most recent, created in 2018, based in the virgin islands of the United States, it is a centralized Exchange that little by little has been increasing its daily trading volumes until reaching the million milestone. dollars a few months ago. The fact that it is a centralized Exchange can set off alarms, because most users are used to operating in decentralized exchanges, because they have greater reliability, but in reality Vinex has good security methods to keep our funds at bay. except. For example Most of the funds are stored outside the network in cold rooms, and only the amounts for daily trade are available, and audits are constantly carried out to ensure that there are no types of anomalies in the network that could cause problems. with user funds. Regarding trading, one of the strengths of this Exchange, they offer commissions that go from 0.25% and can even be up to 0.02% according to the volume of trading made by users, and with commissions for retirement that are balanced with the current market.
It is an Exchange that to gain the trust of users has offered very tentative promotions, and they even have a program called airdrop pool, which works as an environment to offer its users the most recent airdrops that hit the market. With a very simple interface, this Exchange is intended for users with less experience in the market, but it still has some features to add, such as allowing the deposit in fiat currencies, since this would facilitate the exchange process for new users. and invest in cryptocurrencies
Pros
- The Exchange is available in 12 languages
- They have a support service via chat integrated into the platform
- Regarding security, vinex offers a 2-step authentication factor and a 3-level kyc process
- Vinex offers competitive trading commissions of 0.25%, which can be much lower depending on the trading volumes that users have.
- Trading pairs options are primarily with btc
Cons
- It does not have much liquidity according to data from coinmarketcap
- As for the deposit methods, only cryptocurrencies are accepted, something that makes the process difficult for new users.
