Review on Cryptonex by Olugbenga Ajayi
Cryptonex is reliable and recommendable
Cryptonex is a UK based exchange launched in 2017. It has supports Bitcoin, ethereum and its native cryptonex coin (CNX). The exchange is simply designed to suit newbies. Being a decentralized exchange, it offers p2p trading between one investor and the other. It is also good to note that exchanges like this is very safe as customers information are kept in servers located in different locations.
Besides this cryptonex provides inbuilt multicurrency wallet which offers a safe haven for all crypto assets, keeping them in offline cold storage.
Initially the exchange had only web based but since 2019, it has added mobile support, hence users can trade on the go.
The transaction fee is fair. This exchange charge a flat fee of 0.10% however withdrawal fee is rather higher than the 0.0005% obtainable in the industry. It charges as much as 0.001%.
All being said, this exchange is a good one, commendable and recommendable.
Pros
- It is fully registered
- It safe users fund in cold wallet
- It supports p2p trading
- Transaction fee is very low
- It has native token which can be mined and earned
Cons
- KYC is mandatory for certain operations
