The boa is a type of snake and this symbol was chosen by BOA Exchange to represent its company. This new exchange is dedicated to innovation and to offer the best trading conditions for its users. If you are interested in knowing more about this company, you should read the review.
The BOA Exchange Features
This company has many features that can help you to have a better service while using this platform. One of these features is the proof of reserves. The reserves and the balance of the company are completely transparent and you can access them at all times to see the transactions.
Another feature is the chat system that the company has developed. This feature is important because it enables the users to talk amongst themselves before they make trades.
This company has cryptocurrency experts that will offer everything that you need. BOA Exchange also offers order matching options and a great variety of different cryptocurrencies that you can use for trading. The platform is built using the latest security protocols and it has some features to protect you against theft.
How To Use BOA Exchange?
To use this company, your first step should be to open an account by using your email and valid information. After the registration is complete, you will receive an email and will have to verify your identity before you can use the BOA Exchange. After that, you can trade your cryptocurrencies on the BOA Exchange trading platform.
It is important to notice that this platform does not use fiat currency, so you will have to find Bitcoin, Ethereum or some other popular token before you start trading. Trades can only be made after you have already deposited a cryptocurrency on the platform.
After you have deposited the money, you will be able to use the matching engine of the platform to look for good trades that you can make to get some money. When you finally feel that you have profited enough or if you want to withdraw some of the money you have just gained, you only need to perform a withdrawal action and you will be able to take your money (paying some fees).
Deposits do not have fees, but you have to pay them to make transactions on the platform and to withdraw your money.
The BOA Exchange Verdict
Is the BOA Cryptocurrency Exchange a secure digital asset trading platform? Yes, it seems to be but we have all witness the vulnerabilities that centralized exchanges can bring so be mindful should you leave funds on the exchange vs offline in your wallets. It seems that you can trust the BOA Exchange not to steal your money. We have no reasons to believe that this company might be any type of scam or anything of the sort, so you can rest assured about this aspect.
Is the BOA Exchange a good platform? That is less likely. This platform is not very well known, it is still rather small and does not have a lot of features. You will probably find platforms that can be considerably more interesting for you if you look for enough time.