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Jos
4 Level
122 Review
184.25 Karma

Review on Bamboo Relay by Hassan Abdullahi

Revainrating 2 out of 5

This is a poorly developed decentralised exchange

Bamboo Relay Exchange is a decentralized exchange based in Australia. The exchange was focused on spot trading essentially. The exchange primarily functions by enabling you to link your wallet to the exchange, which is often MetaMask or Trust Wallet. The trading interface on a mobile phone is poor, but you can obtain the greatest trading experience by trading on your laptop, since the trading chart on a mobile phone is congested. According to the exchange's data, trading Wrapped Bitcoin generates the most trade volume. I hadn't used an exchange that needed a wallet connection before, so trading here seemed a little risky. I had to request assistance from the Telegram channel, where I received an instant answer from the moderator. The exchange has a relatively reasonable trading cost of 0.1 percent for makers and 0.2 percent for takers, which will allow for greater liquidity on the exchange.

Pros
  • It has a relatively low trading fee
  • The interface is very good on desktop though
  • Customer support offered on Telegram is quite average
Cons
  • It has a low trading volume

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