Review on Cryptopia by Praise Olagbadun
Would Cryptopia Rise Again?
It is easier to attain success but hard to retain it. I have seen many companies rise up but staying up there has been a kind of a problem to these type of companies. I guess going up the ladder of Success is easier because one can go up by just bringing up a quality that looks quite enticing to the massess and once accepted, they would quickly rise up and gain popularity. Retaining this Success would require the company's continuous provision of enticing qualities which might get the company tiring. A company that has experienced such is the Cryptopia. The New Zealand exchange platform started operations in the year 2014 and in 2019, the company suffered hacks that made them go bankrupt. After this, the company planned on liquidating the exchange. I just hope the exchange platform comes up once again and continue operation. I think the hack affected their zeal to do more and also affected them financially. I hope they rise soon because of the numerous positive features they possess of which I would be listing
The exchange platform supports hundreds of cryptocurrencies, a wide range it is actually. Their trading fee is 0.2% for both makers and takers which is quite affordable as it is found below the industry's average of 0.25%. The exchange platform also allows the transfer of assets within users for free. They have a gift shop on their website where one can buy almost everything available. The exchange platform really look promising and I just hope they get back to work soon.
Pros
- The exchange platform charges moderately as their trading fee
- Transfer of assets within user doesn't come with a fee
- The number of altcoins they accept is impressive
Cons
- The exchange platform has been hacked before and has its record affected
- Their support system is very poor
