Review on Fisco by Japheth Ayuba

Name: Fisco
Item: Fisco
Rating: 5

October 06, 2020

Merging Fisco wasn't the best idea

Fisco is ﻿an exchange which is already merged with Zaif exchange but before it's merge, the exchange has been delivering so many perks to it's reputation. The exchange has one of the lowest withdrawal fees there is and also boasts of being never hacked since it's inception. The exchange used to be available on its mobile app for both IOS and Android devices. The exchange sports a nice price alert add-on for traders to fill their traded after receiving notifications of the asset value change pinged to the add-on. The exchange was majorly meant for spot trading but also had an inbuilt feature of an Instant exchange service for which beginners could easily swap their crypto assets without going through the intricacies of trading. The exchange is best suited for Japanese traders as all 23 crypto pairs are against the Japanese Yen JPY. An intriguing feature of this exchange could be found in it's trade fees, when trading the BTC/JPY trade fees are a plus to both makers and takers at 0.05% and 0.01% respectively, as for the other cryptos, the trading fees is paid only by the taker at 0.1% while the maker doesn't earn neither does he lose money for offering liquidity to the platform. The exchange could have experienced greatness without a merge as long as it's services are known to the general audience but nonetheless, with it's merge with Zaif, we can expect their input in the exchange as well as a higher liquidity
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Pros

Lowest withdrawal fees on the exchange (BTC fee is 0.00001)
Never experienced a security breach
App available for both Android and iOS version
There is an instant exchange service for beginners
Cool price alert add-on for traders to be notified when an asset reaches a set value
Supports only 9 coins and 23 active pairs which are all paired up against the Japanese Yen JPY the exchange still has an impressive 24 hour 9 million dollars trade volume
The best trade fees of which on BTC trading, takers get 0.01% back and makers get 0.05% and the other cryptos, the takers pay 0.1% and the makers don't pay at all

Cons