Review on ViteX by Thalhat Tee

Name: ViteX
Item: ViteX
Rating: 5

December 29, 2020

Not too much to say about Vitex exchange yet.....

Vitex exchange is a decentralized exchange that deals with the trading of cryptocurrencies like bitcoins ethereum litecoin and some other cryptocurrencies. I have studied this review exchange for quite a while and I've noticed that there is no  review about it. This is why I sat down to personally evaluate and use vitex exchange in order for me to give my feedback to the Revain community . Like all other decentralized exchange vitex provides enough security transparency and reliability in every transaction carried out. A decentralized exchange is usually secure and allows user to secure their transactions. Usually decentralized exchanges have an edge over centralized exchanges in the sense that
* They increase users anonymity due to the fact they do not require any personal information before a user can start trade with them. Most of the times you just new to provide your email, username and a strong password, after which the email is verified.
* As a decentralized exchange which Vitex happens to be, it actually allows users to have full control over their funds and even prevent any form of Influence of a third party. This will also go a long way in security users funds and prevent from being stolen.
* Decentralized exchanges have decentralized servers this helps users feel rest assured that their funds and the server cannot go down all at once.
Apart from all these, users get to enjoy relatively low and competitive fees charged by Vitex, this might affect the liquidity positively but not as much as a centralized exchange.
Sadly, Vitex doesn't allow for fiat based deposit, only by means of cryptocurrencies. This is much more harder for users without any cryptocurrencies to make deposit. In short, Vitex exchange isn't for beginners and is only fit to be used by pros or experts.
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