Header banner
Revain logoHome Page
Joseph Bello photo
V.I
1 Level
428 Review
1727.75 Karma

Review on LATOKEN by Joseph Bello

Revainrating 3 out of 5

This exchange needs to make some important adjustments on its features

LATOKEN is an Estonian centralized exchange for virtual assets,LATOKEN is an exchange created with the aim and intention of reaching across to many users across the globe with integration of a diverse/multiple language option for it esteemed users. The exchange is still developing and trying to put some of its features in order to meet up with the exchange industry's standard. Despite being a nascent exchange it has some notables characteristics that makes it one of the best upcoming exchange ,it has created an opportunity for beginners to come into the crypto sphere by allowing them to purchase virtual assets on its exchange via credits cards, this feature is lacking in some exchange ,making such exchange favourable to only the experts and advanced traders but with an exchange like LATOKEN the reverse is the case, it is sure link or channel for the newbies. The exchange's security ,friendly and simple interface is an added advantage to the exchange's performance,usability and efficiency.
Just as the exchange has its good side,it also has its downside,as I earlier said it is a centralised exchange which I feel is not really good due to the nature of virtual assets ,users funds/private keys are not suppose to be stored/entrusted to central authority,this makes it expose to the risk of thefts and lack of transparency to owners of funds kept on the exchange . I'm not so impressed with their trading fee ,it is very high and I think they should make a little consideration on their transaction fees.
Well users can still try out the exchange but I will advice they trade only little amount of assets/funds for their own safety or better still they should try out other exchange out there that suit their individual taste and requirements. 



Pros
  • It has high liquidity
  • The user interface is less complex and easy to understand
  • It allows beginner to start trading virtual assets
  • It makes use if two factor authentication
Cons
  • They offers poor customer support
  • It is centralised
  • The fees for both the takers and makers are very high

Similar reviews