Review on LCPExchange by Pedro O. Alvino M.
Centralized exchange based on Litecoin plus
Exchange developed by the team that leads the Litecoin plus project, is specially designed to provide a secure trading ecosystem through encryption security system and offline asset hosting.
With a very simple design, the exchange still has problems to establish in the market, this due to the low investment that has been invested in the exchange, in addition to using the funds obtained from the exchange through commissions or fees for the exchange. maintenance of the online platform.
With a low list of currencies and little presence of liquidity in the platform, it is likely that said ecosystem will not be maintained for a long time, this also due to its high cost of withdrawal fees and minimum balance system in the account, which as detailed the exchange is a security method that it contains that as it will be reduced, but despite this the great problems it contains can further alienate many operators and investors from the cryptographic community.
Pros
- Exchange developed and based on Litecoin plus
- Much of the assets stored on the exchange are offline.
- Fees for competitive currency exchanges.
- It has a 24/7 customer service support
Cons
- Very few coins added.
- Its commercial interface is not adapted for operators with little experience.
- You do not yet have an exchange app.
- It has excessively high withdrawal fees and has a system of minimum balance in the account as a mandatory requirement.
- Trade volume of the exchange not verified.
