Review on Binaryx by Yinka Yemisi
A wallet that aim to create next generation of cryptocurrency exchange
Been a wallet I will like to emphasize more on the security and the team behind the project. Honestly when choosing a wallet for your assets there are key things that you need to consider before choosing a wallet. Wallet in crypto is like a bank where you keep your money for safety purpose. When choosing a bank you can't just chose anyhow like wallet in crypto.
It was established in 2019, with the aim of creating next generation of crypto currency exchange. It is officially licensed to conduct trading operations. It was funded by Oleg Kurchenko who happen to be a co founder of youdigital io. With other great mind team behind the wallet.
There is academy program, that help the new users to enjoy trading cryptocurrency. If you are new to cryptocurrency there are video that will put you through and shows you what you need to know before you start.
You can buy, sell and keep your assets iin the wallet. You can trade with USD, EUR and UAH and RUB. It support some popular coin like bitcoin, Ethereum, Litecoin, bitcoin cash tether, ripple and promise to add 30 more cryptocurrency soon.
Taking about security. So much effort have been put on security measures. The spent countless times on cyber security and work wit 10gaurd, multi levels access to files, servet and work station. It has 2 factor authentication and working hard to add other sophisticated security measures.
All the effort binaryx has put in place makes it worthwhile to pay attention or to consider when chosing a wallet.
Pros
- It has a low fee and the fee is paid once in a month
- It is well designed with good interface
- It has high liquidity
- It is highly secured
Cons
- To liquidate your fund to fiat currency you have to send it to another exchange before you can do that. This need to work on.
