Review on VINEX Network by Pedro O. Alvino M.
Centralized exchange based in the British Virgin Islands.
A centralized exchange originated in 2018, it has a variety of crypto assets to trade, where the pairs of exchanges are very varied and the liquidity varies with respect to the currency. Trading fees vary according to the level that is counted in the exchange, where the operator has a large volume of trade in the exchange for an estimated time of one month, the commission will be reduced to a point of 0.01% for the creator and 0.02% for the policyholder.
Its design is completely adapted for an inexperienced operator given its basic model and advancing for expert operators, in which its volume is not altered by computers and this is verified by coinmarketcap.
Given in a large number of listed cryptocurrencies, the withdrawal process varies according to the network, in which currencies such as BTC and ETH its rate is equivalent to other traditional exchanges, but with respect to other currencies its withdrawal fee is relatively cheap, In addition, the exchange also has a referral program that gives the user a lifetime recommendation bonus, which is very feasible for some operators. In a way, despite being a centralized exchange, its security and customer support are not impaired, which makes it very feasible to trade on the exchange.
Pros
- Lists a long list of crypto assets to trade and variety of exotic pairs to trade.
- Offers a lifetime referral bonus for inviting new users to the platform.
- Thanks to its association with Midas Protocol, it has an annual coin staking service.
- Inexpensive withdrawal fees compared to other cryptocurrency trading platforms.
- It has online chat for support and discussion with other users.
- Volume of the verified exchange.
- Adapted for inexperienced operators thanks to its basic exchange design.
Cons
- Cost reduction for trading commission is based on a wide variety of levels.
- It does not yet have a mobile version.
- Little community in their social networks.
