Review on Cryptophyl by Killer Bean
Cryptophyl is now Detoken!!!
Initially i was about flagging this exchange as an exit scam not until i came across a blog from their site which clearly stated the fact that, they were going offline and allowing a new brand to come on board Detoken which is still ab exchange from cryptophyl. Permit me to talk briefly on Detoken. Detoken is a Defi app built on Bitcoin Cash. All i did was ti create my own new Detoken wallet after which i was presented with my own recovery seeds, by providing my email, name and password i was finally able to create an account to start trading but to my greatest surprise nothing of such was done there. On the platform users get to "Hedge" and "Long" their Bitcoin Cash to protect them against Volatility in the long run. Since i was just hearing of that for the first time i went ahead to read more about the exchange. From what i could gather, the platform was non-custodial, giving users 100% over their funds, the platform is also trustworthy as all its transactions are recorded in a BCH blockchain, this implies that the platform is reliable and transparent in irs transactions. There are even no fees while using this exchange, not even deposit, withdrawal or maintenance fee is charged on this platform, i confirmed this my self. This platform has a very good interface that is as well customizable into light and dark theme to suit users choice. The platform has a very engaging Telegram Community group and also a Twitter page where various airdrops are done. I think this Platform is an innovation in the blockchain industry
Pros
- The platform is non custodial
- It is also a trustworthy platform
- The interface can customized to suit users preference
- The transactions are fast because it was built on BCH blockchain
- The Telegram Community group and the Twitter page are active
- The transactions here come at zero cost
Cons
- This method of lock and hedge isn't all that popular
- Only BCH is transacted here
