Review on RippleFox by Viet Pham
Review Ripplefox exchange- Should we trade here?
Ripplefox was launched on May 1, 2014 with the goal of reducing transaction fees for users, where you can only trade XRP / XLM and is one of the few places that can directly trade these two coins. According to the history written on the website, the exchange was established from the Chinese crypto enthusiast community
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Pros
- It is an exchange site for XLM vs XRP
Cons
- Trading demand here is not high, the trading volume tends to decrease
- Only Xrp vs XLM can be traded, too few coins are listed
- Not able to compete with other exchanges
- transaction fee of 0.2% is too high, abnormal withdrawal fee is not fixed at the percentage of withdrawal volume
- security capacity is suspected at average
