Review on C2CX by David Olayide

Name: C2CX
Item: C2CX
Rating: 4

February 05, 2021

C2CX The Chinese Exchange Platform With Poor Liquidity

The C2CX is a cryptocurrency trading platform that was launched way back about 5 years ago in 2016 making it one of the oldest crypto exchange around. The exchange platform as you might have already guessed or not, is based in China. However this exchange platform is not as prosperous as I expected it will be because of it’s age and reputation and this is dye to the fact that, it has a low 24hour trading volume. The statistics I looked at put C2CX platform at somewhere between 90 and 100 plus, on the list of biggest exchanges with the highest 24 hour trading volume.

Despite the poor liquidity the platform has some nice features like advanced trading which allows you to set stop loss orders, and also receive interest or commissions on some deposits. Now I have particularly noticed that C2CX does not accumulate a whole lot of crypto assets on the market. They don’t lay their hands on just any coin and list it. Rather, they emphasize more on quality, than on quantity. I like this because it is unlike most of these other crypto exchanges that just keep listing both good and bad, valued and valueless coins.

Get this people! C2CX does not charge any trading fee at all. This means that you pay, 0.00% either as a maker or a taker. This makes the exchange very competitive. For withdrawal fee, there is no fixed charge. Rather, you pay 0.15% of whatever amount you withdraw. This system works especially well for those withdrawing little amounts because the fees will become very low. Unfortunately when I tried to deposit I could not find support for credit card or wire transfer or even fiat deposit.

In terns if security, the exchange makes use of the 2Fa protocol, and then users will also receive a verification email. All user data is stored in an external cloud system and the site itself is secured with SSL. The design of the trading platform is splendid but the site only supports two languages, English and Chinese. There is also a new mobile application that can be downloaded for mobile devices. The C2CX exchange platform, is a good platform, however, the low liquidity might discourage traders and investors from using it. I don’t like the fact that the language options are limited and I hope they eventually add more to attract different language groups. More users will mean an increased trading volume 
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