Review on Colodax by İlqar Agayev
My thoughts about Colodax
Hello there. The review I will write today will be about Colodax. Colodax is one of the India based crypto exchanges. It is not much different from other exchanges created in India, but exchange developers are trying to get noticed and try to do more innovative work in the exchange. If we look at the customers' feedback, it is an easy-to-use and comfortable exchange, and the customers' trust in this exchange shows that there are no problems with security.
But I understood from these feedbacks that the worst part of the exchange is that we cannot trade without KYC verification like some other exchanges. So if we don't get KYC approval, we can't access the exchange. While exchange officials think this is the right step in terms of security, I think this is an extreme lowering of people's interest in Colodex. We can use both the website and the mobile application of the exchange to trade. But I do not recommend using it because I do not like the design of the mobile application. This is my review for now, but if there are any developments with Colodex, I will let you know.
Pros
- We can understand from customers' feedback that there is no serious problem with the exchange
- Even if the customer base is low, the trust of customers in the exchange
- It is more innovative compared to other local exchanges and I am hopeful for the future of the exchange
Cons
- We cannot access the exchange without KYC, which in my opinion reduces people's interest in the exchange
