Dextroid: Secure Low-Cost Cryptocurrency Trading Exchange?
There are many exchanges in the cryptocurrency market. Are you looking for the right one? Today we are going to review a cryptocurrency exchange which intends to be the new hottest exchange in the market: Dextroid.
Do you want to know everything about Dextroid? Read our review.
What is Dextroid?
Dextroid is a new cryptocurrency exchange and self appointed “future of liquidity”. The main idea that makes this company unique is that you will not need to deposit your cryptocurrency in the exchange to use it and you will not need to fill any Know your Customer application form to use it.
Is this new at all, though? Dextroid seems to believe that it is the “next generation” of the cryptocurrency exchanges, but it does not really offer anything that no other company does, so you might doubt about how much this company is, in fact, as revolutionary as it states that it is.
How Does Dextroid Work?
The company states that Dextroid has many features and benefits for its users, being a simple but highly secure trading platform which uses the Ethereum blockchain to make the transaction between any ERC20 token possible. You will not need to deposit any quantity of money on the site as the exchanges are made directly via buyer and seller, which are matched via the program.
Dextroid also has a very simple user interface, which is great for new users and you will be able to trade any ERC20 token with low transaction fees by using it. The fees are low because the only thing that the company does is to match you against cryptocurrency buyers. All the funds never leave your wallet until the moment in which you exchange them for other tokens. The company works using the 0x protocol.
Also, the company has a dedicated support to help the users 24/7 when they have doubts about how anything happens on the system or about any problem that might arise.
How to Invest Using Dextroid?
It is very simple to use Dextroid for investing. You only have to create an account using a valid email and then you are good to go. The first thing that you have to is to link a wallet to use the exchange. On the platform, you will be able to see information about the market and to exchange your cryptocurrency.
The platform also shows your sell orders and the history of your actions on the platform so you will not be lost using the site. There is not much information, but enough for you to know what you are doing.
You have to notice one “small” detail, though. Dextroid is currently in the Beta test phase during the time of this report. This means that you can use the platform to simulate exchanges and have an idea about how Dextroid works but you cannot really use it at this moment. The company states that the platform will be online soon.
The Dextroid Verdict
Is Dextroid the right cryptocurrency exchange for you? It can be, but it depends on you. There are endless cryptocurrency exchanges, that is a fact. Because of this, they tend to be somewhat alike and Dextroid is not really different from them. Does this make Dextroid a bad company? Not really. You only have to take into account that it is not as revolutionary as it says or necessarily unique, though.
Because of this, the choice is up to you. If you are interested in using this platform, you should wait until it is completely working and then use it. Dextroid is not bad at all. The only problem is that it advertises itself as something that it is not: an evolution of the cryptocurrency exchanges.