Review on Flybit by Pedro O. Alvino M.
Centralized exchange for Korean residents.
Developed in Korea, it offers a cryptocurrency trading platform with fiat currency, in this case the Korean won, where through a unique interface in its design, since it covers several tools and market information, it is adapted for professional operators.
The exchange also has other secondary services such as a launch program for new tokens in the market, where operators can buy the tokens through USDT, and also provides a cloud mining system for a limited time.
The speed of the exchange is moderately fast, so that there is a small delay in updating the graph provided by the exchange in the commercial interface, inasmuch as that has an excellent trading mechanism in a great variety of crypto assets that it lists although in On the issue of liquidity, there are some exchange pairs with very little volume of trade.
User entry is allowed for any operator, however there will be some commercial limitations for operators that do not reside in Korea.
Pros
- It has a unique business interface design tailored for professional operators.
- Present a totally new token sales program on the market.
- Establishes several strategic partnerships with various platforms and renowned institutions in the crypto market.
- Allows the trading of cryptocurrencies with fiat currency.
- Includes mobile version for android.
Cons
- It has very little commercial liquidity to be an exchange with fiat currency handling (KRW).
- Limited for non-Korean operators.
- The minimum withdrawal amount by various crypto assets is extremely high compared to other exchanges.
- Its interface design can be very incompressible for the vast majority of beginning traders.
