Review on Resfinex by Pedro O. Alvino M.
Exchange developed for trading in the Ethereum ecosystem
Centralized exchange developed for the exchange of between Bitcoin and other currencies, in addition to also having a large number of tokens from the Ethereum network to trade with a very simple interface, its design and security system protect the information and assets of the operator in every moment.
With a system to prevent DDoS attacks, the exchange includes a large number of servers that are always constantly monitored according to the specifications of the exchange, where in case of receiving an attack on some of the servers, they are automatically shut down, so that no data from the exchange and operators is filtered. As for its wallet management, it is on par with many exchanges already established in the market, where it adds multiple signatures and cold storage of assets.
Its fee system for currency exchange is varied since both the creator of the order and the order taker have different commissions that range from 0.15% for the creator and 0.30% for the taker, although these fees can go away. reducing through the volume of trade generated in the exchange or the retention of the RES token that is the native token of the exchange and generates up to 50% to the holders of the token.
Resfinex, one year after its launch, a large part of the presence of operators in the exchange is regular, but the diversity of liquidity in the exchange is only witnessed only in Bitcoin and Ethereum, so that the other exchange pairs the trading volume is almost nil , which the operator will require another exchange with greater liquidity in other altcoins.
Pros
- List a large number of popular cryptocurrencies and tokens on the market.
- Provides an API compatible with automated trading platforms and trading bots.
- Offers various coin staking programs.
- It has a rewards system by levels for referrals.
- Uses multi-signature technology and cold storage to safeguard assets in the wallet.
Cons
- Very low market liquidity.
- It does not yet have a version for mobile devices.
- The minimum withdrawal limit on the exchange is very high.
