Review on Bankera Exchange by Sudais Quadri
Bankera now SpectroCoin exchange
Bankera Exchange was launched in 2017 in British Virgin Islands. The exchange trades a limited number of cryptocurrencies and digital assets less than 20 in total. Well, the exchange claims to offer high security, Transparent order-book technology and trading with low fees. Well, as for the trading with low fees, Bankera actually charges a 0.1% fee for takers and a 0.00% fee for makers, this was actually too cheap to be true. But it was all in a bid to bring about increased and a deeper liqudity in the exchange. The exchange doesn't allow new users to create accounts on the exchange anymore as it says that the exchange has been rebranded to SpectroCoin, though existing users can use their old account to log in to SpectroCoin exchange. The Exchange actually doesn't seem trusted because exchanges which usually charge fees as low as this usually end up running away with traders funds after amassing much profits.
Pros
- The exchange claims to be secured
- The exchange has very low trading fees
Cons
- The trading fees looks too low for an exchange that wants to remain in the cryptomarket for Long
