Review on IQFinex by Olukayode Oyelami
IQFINEX EXCHANGE IS NO MORE AVAILABLE
This crypto exchange platform was created in 2018, with the headquarter in Switzerland.
To register on the platform when it was active, you need to do your Know your customer which means you need to submit all the needed document.
It was supported only crypto to crypto deposit, there was no other deposited means supported. Users can not deposit through bank transfer, or using debit or credit card. The transaction fee was competitive when compared to some crypto exchange platform. But it had higher withdrawal fee.
It supported mobile device, this could be downloaded for free from google play store. It has thousand of users that downloaded the app, i noticed that the application did not occupied much space. User need jus 6MB to get the application downloaded.
The platform also restricted some country from using the platform when it was active.
Due to many feature that was considered, this exchange was not users friendly, because newbies will have some challenges such as deposit into the exchange because it support crypto to crypto only.
Theses are my opinion and suggestion should be in case the platform want to reconsider to be active in the future. The registration must not be made compulsory, it need to support more deposit methods, and equally work on it customer service desk because it was not effective.
This exchange platform is not recommended.
Pros
- supported many digital asset
- Best secured platform
Cons
- KYC is required
- Not available at the moment
- High withdrawal fee
- Poor customer service desk
