Review on MtoBit by Pedro O. Alvino M.
Centralized exchange for Vietnamese
An exchange launching at the beginning of 2020, was developed from the Bitsonic exchange from Korea, which has stood out in recent years in terms of security and trade volume, so that Mtobit has the same security features and transaction processing performance .
Being a centralized exchange for residents of Vietnam, it has the ability to trade with Fiat currency, in this case the national currency of Vietnam (VND) in which it also has bank connections for fast deposit and withdrawal in Fiat currency. Its trading rates vary depending on the currency in which both Fiat and Bitcoin have different commissions and these can be reduced thanks to its VIP system for volume management in said currency for a month.
By having mobile versions, the exchange has the basic requirements for any traders, but it still requires more trading models on the platform since the vast majority of existing cryptocurrency exchanges contain a series of trading options in cryptocurrencies, therefore that a slow development on the part of the exchange can lead to an unexpected closure of operations given the competition in the market.
Pros
- It has a long list of token coins to trade.
- Their withdrawal fees are very cheap.
- It has a mobile app for iOS and Android.
- Developed from the recognized BITSONIC exchange in Korea.
- Allows trade and deposit in Fiat currency.
- Offers a great capacity to handle transactions and book orders.
Cons
- Your trade volume is not verified.
- Most of the listed tokens are out of deposit and withdrawal service.
