Review on Koinex by Daniel Bamidele

Name: Koinex
Item: Koinex
Rating: 3

January 29, 2021

The Bankrupted exchange.

Hello everyone, today I will be talking on this exchange that has not proven it's worth recently. I would like to explain how this exchange went to bankruptcy and also explain the benefits of this exchange in two different ways. First of all, this project can be said to be a new platform that possess a relatively low trading fee, and it's gaining much popularity majorly among the people in India. Apart from low trading fee charged, this site also involves some payment gateway and other payment method which offers zero withdrawal fees. Koinex provides a free wallet to store user's coin, I can perfectly say that where one can buy and sell crypto-currencies with Indian fiat currency is koinex. The exchange was proposed by Rahul Ray and he said that this platform also supports multiple crypto-currencies
      Moreover, most user's says that this platform is not the safest place to store user's coin because the security measure is stored in their database and the exchange is not yet centralized. But I always try to make them to understand this project vavidly because this platform has put a lot of effort into it's mobile version. It's also, according to itself the "most advanced digital assets exchange" in India. The project has aimed to do their very best to provide blockchain enthusiastic in India with the highest standard of service in the trading of digital assets
        In my latest research, I also heard that the user's wallet can be susceptible to hackers, especially when there is a huge amount of coins in it. And in the research I saw that the exchange was closed down to website terminating all the trading and services. They have lost $350 million in bitcoin and filled for bankruptcy protection from creditors. That's why mostly today people don't want to be using this platform but I believe with time it will gain more access. And also buyer and user's cannot view the total amount after caculation when user's plans to buy any crypto
       I have try to explain to most user's that this exchange is not just an ordinary exchange but an exchange with various features like trading of cryptos, buying and selling in low trading fees. All I hear is the platform is bankrupted but most of them do agree with me. As it involves trading with fiat currency, it is the best platform for all the indians to get involved with in crypto-currency. The rising demand for crypto-currency has been intensified the demand for developing new sites for crypto-currency
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