Review on Coinbit by Erick J. Rangel
CoinBit Korean exchange platform with its own cryptocurrency (DEX) on the market.
CoinBit is an exchange platform that started operations in 2018 in Korea. This exchange platform manages its own currency which is named DEX is the token of the Korean cryptocurrency exchange Coinbit, which has the highest priority in terms of stability and transparency to recognize and solve the problems of the current exchange and where its administration He canceled the commissions and fees in what was his first month in business. This is administered to clients through commerce and Coinbit shares revenues with clients through DEX. The total volume of issue and business of this exchange is very high. One of the characteristics that this exchange shares is that during the first month CoinBit does not execute any commission for operations and transactions in order to increase its business after that time this exchange establishes a commission rate of 0.05%. One of the aspects to note is that all the values and pages of this exchange are in Korean, which may limit investors and negotiators from other parties to carry out and operate in this exchange.
Pros
- The Korean market remains one of the main ones in the cryptocurrency pricing mechanism, thus obtaining a source of liquidity for the companies that handle crypto.
- The exchange provides users with a relatively quick quote and active trading.
- The exchange can operate with 50 coins from the beginning and in the future CoinBit plans to increase that amount of cryptocurrencies.
Cons
- It is limited only to users who gable Korean.
- It is an exchange platform that is focused on Korean business and operations.
