Review on C2CX by José A Rodríguez
C2CX: An Exchange with Many Dilemmas in Trading
C2CX is an exchange service where traders can find offers for trading multiples coin with a unique feature that is not common from this type of services, a volume aggregation for tokens. In the beginning, it used to be good because of the attention it dedicates to many cryptocurrencies and the innovation of the process. But with the time passing by many users started thinking this option is not very reliable because sometimes that volumes added is just fictional and tend to reduce other values in the exchange.
The service provides an informative section where common news from the crypto-world is available but that sections are also not very reliable because I noticed it uploads information with adulterated content like changes in the current price of the token, or the transactions that have been executed for the most common cryptocurrencies. I did not like the service because it is still dealing with many dilemmas, and every day more users stop trading on it. Moreover, the cryptocurrency availability is not particularly good since other tokens from the top are not admitted for trading or staking.
Of course, insecurity the services is good because the company applied for an advanced program that includes protocols of encryption for protecting user's privacy and data while being operative in the system. Besides, it also counts with a 2-step verification process. This last one is high compared to others, so it is a standard security option. On the other hand, the fees for trading are low as part of the volume registration it offers. Although that option is rarely efficient now, for commissions reduction is still applicable.
The official platform provides the main dashboard where all coins accepted are available and have with them a price list updated as well as the common volume for tradability they have had. The bad with it is that transactions are just registered in 24-hours options instead of having at least a month of operative that is good to analyze how volatility has been treated. The company ensures there are not loses and profits can increase. I do not really know if that is real and users must trust it.
Because of that, I conclude this exchange service is not an appropriate option and it is better to certify what are the things a user want to do in exchange because it does not have many options. It is not ideal for staking. So, remember that although security is available and highly offered, losses in assets can be very common because of low information.
Pros
- Good content for the different thing it offers and how the company has developed the service.
- It provides an updated dashboard with common prices of cryptocurrencies and daily usage. Transactions are registered on it daily.
- Certified as a totally secure service because of the high services and protocols it applies for.
Cons
- Trading cryptocurrencies can be limited since the current availability is under the common top admitted in other services.
- Options for staking are not permitted. The users cannot decide which coins pair to set good trading.
- It has been losing rating and users are not applying for their services.
- It has a total lack of management for customer's support.
