Review on RippleFox by Olugbenga Ajayi
Ripple Fox is transparent, stable and secure
Ripple fox is one of those crypto exchange that survived the Chinese government clamping down on illegal ones. It has been operating since 2014 and until now it is still in operation and stable. The exchange is backed by a strong team of crypto experts. It was established in 2014 by Chris Larsen and Jed Mccaleb.
The exchange is mainly for ripple / stellar trading as the name implies. It provides a platform that complete transaction within seconds and this is it's major plus spot. Besides it is also very secure. It uses SSL encryption and two factor authentication and some other security features.
Considering the years since when the exchange has been in operation and the transparency of the team, one can conclude that the exchange Worth's endorsing. Although the liquidity is not as much as bigger exchanges like kucoin and binance, what is most important is that Ripplefox exchange is safe and stable.
Pros
- The exchange provides a fast payment solution for banks and individual
- The transaction fee is fair
- It is transparent, stable and secure
- The platform is easy to use. There is tutorial for newbies.
Cons
- The withdrawal fee can be very high for those that withdraw large sum since the fee charged is based on 0.20% of the amount withdrawn
- The exchange is mainly for ripple/stellar trading
- It does not use multisig feature
