Vinex Network is an exchange registered in Singapore that was born in September 2018.
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What is Vinex.network
One other cryptocurrency exchange that comes from Singapore is Vinex Network, which was established in September 2018. Some others you may already be familiar with are DragonEX, Coinhub, BitMax and Coinbene.
This exchange’s liquidity may not be so wonderful at the moment but they believe strongly in themselves and in their ability to come up tops within few months.
This can work out sooner than later because US members are not prohibited. And we all know the impact the US cryptocurrency traders can make in any market they find themselves. This, therefore, can be a fertile ground to invest.
Vinex Network Trading View
Vinex has quite a different trading view from other exchanges and we cannot really say that theirs is better or worse than others. Notwithstanding, all trading views have some things in common such as the order book shown fully or partially, the chart for price and order history. There is also always a space to buy and sell. Before you register, take a look at the trading platform to see if you can cope with it.
Vinex Network Fees
Vinex Network Trading fees
Traders and makers on Vinex Network pay equal fees of 0.1% each. This is an encouragement for takers because they don’t feel cheated here.
Vinex Network Withdrawal fees
The withdrawal fees are like many others in the industry. They are to pay 0.0008 BTC for any amount of BTC to be withdrawn.
The deposit method may be the only downside of Vinex Network because they accept nothing else but crypto deposits. This does not auger so well with those that don’t have any money in their crypto wallets.
Vinex Network Security
Vinex network has a score of 35/100 on the Mozilla Observatory Scan. This gives it a D grade which is better than most of the results the scan gives. That means Vinex Network may be a good place to invest. You can access the scan on https://observatory.mozilla.org/
Although Vinex Network appears to be a good exchange, one must still be mindful of investing in it because trading cryptocurrencies are generally risky. You should therefore be more guided before taking a decision to exchange.
Disclaimer: This article should not be viewed as an endorsement of any of the services mentioned. Please do your own research before considering investing any funds. You should never make an investment into any online program if you do not know what you are doing.