Review on Daybit Exchange by Naomi Ilani
The DayBit Exchange Platform Is Quite Complicated; I Try To Avoid Complicated Things
TThe DayBit exchange platform is a South Korean exchange platform. It is a company that was established in the year 2018 and is presently a home to thousands of crypto traders across the globe.
The exchange platform seems to be a good one but I'm not too comfortable with some features the exchange platform possess. As usual, I used the platform, specifically to make a trade and check out some other features and that was how I got to discover that the exchange platform charges traders a flat trading fee of 0.25% which is exactly the industry's average.
The features I don't find too comfortable is the fact that the exchange platform is yet to update their interface for a while now. An update is necessary for an exchange platform. It helps assure traders that the founders are still at work. Another thing I don't find too comforting is the fact that the exchange platform took too long to allow me make my withdrawal. For the purpose of making a trade, I had to transfer some USDT from my Kucoin account to the DayBit exchange platform. After making the trade and checking out all the things I have to check, I wanted to transfer the remaining USDT back to my Kucoin account but it took me quite a while before I got the withdrawal processed completely. All these seems to question the authenticity of this exchange platform and would therefore make me advice people to use the exchange platform with care, if possible, don't even leave your funds there just to stay in a safer side.
Pros
- The exchange platform seems to have a good volatility
Cons
- I don't seem to fancy their user interface that much
- Their fees are not competitive at all as they charge the exact industry's average
- It took me a while before I could get my withdrawal done
- The website has been without an update for quite a while
