Review on ViteX by Joseph Bello
ViteX exchange
ViteX is a virtual brokerage launch in 2019. Being a licensed and decentralised exchange it is a fast and secured platform for trading virtual assets due to the nature of decentralised exchanges giving traders complete control over their funds and that licensed brokerage can't run off with traders money,but the exchange isn't that popular due to its low liquidity for traders this is one of the main downsides of the exchange.
Trading on exchange is very profitable but it depends on your trading volume. The exchange has a flat of 0.2 % which I consider a bit low and you can also get discounts on the flat fee by acquiring the exchange's coin(Vite tokens), all deposits made are free but the withdrawal fee of 0.5% is usually very unfavorable to trades when trading with a large amount so it's only advisable traders use the exchange whenever they want to trade with little amount of funds.
The exchange developers still have a long way to
Pros
- Low flat fee
- Free registration
- It is a decentralized and licensed exchange
- You get discounts for acquiring vite tokens
- A very simple interface
Cons
- High withdrawal fee
- Low trading participants
