Are you starting to use cryptocurrencies and you still do not have a crypto exchange that you want to use? Today we will review Winnex, a new exchange that might be a good option for you.
What is Winnex?
Winnex is a global trading platform that supports the most popular cryptos like Ripple, Monero, Bitcoin, Ethereum, Litecoin, Dash and others that are not as popular like Waves, Nem and Stratis. This company is based on one of the most crypto-friendly places in the world: Estonia.
The company presents itself as a safe option for the people who are interested to start investing but demand an option that has an easy way for them to enter this market because this exchange was made specifically for people that are starting out.
Winnex also has advanced trading options for the traders that are more used to the market and analytical tools that will help you in both cases. Finally, it also has support all the time and it is a multilingual company.
The company’s site explains that the three pillars of the company are expertise, security and convenience. The company believes that offering a good product that will enable its clients to do whatever they need to do and to offer secure options so that they can safe is as essential as having a convenient and easy to use platform.
Because of this, the company has hired specialists in these areas to secure that the users will definitely have a perfect user experience while using this platform to trade cryptocurrencies.
How to use Winnex?
The Winnex exchange has a wallet and a crypto exchange. To be able to use any of them, you have to create your account and pass the verification process. You may be asked to present documents during verification. These measures are made to ensure that the company will have control over anti-money laundering practices that it has to make to be compliant with the law.
As stated before, you will be able to trade 9 cryptos on the platform: Bitcoin, Ethereum, Litecoin, Ripple, Monero, Nem, Stratis, Dash and Waves. You can store all of them on the wallet. You can use this wallet later when you make transactions and exchange your tokens for profit or fulfill your necessities of the moment. The exchange rates are 1.1%.
Does Winnex Look Secure?
It actually does. Nothing in this company indicates the possibility of scam or foul play. The only minor point that should be noted is that Winnex talks about its creators but not who they are.
Unlike companies that are creating ICOs, though, Winnex is an exchange and many of them do not give prominence to the creators of the platform, so do not consider this to be a huge red flag because it is not. You can also use the platform for withdrawal of your funds or to have different payment options.
The Winnex Verdict
Winnex looks secure and pretty ok. The company has definitely caused a positive impression on our team, but at the same time, it has the classical problem from which most of the cryptocurrency exchanges created in 2018 or later suffer: it does not have a single reason to exist.
The world has a considerable number of cryptocurrency exchanges at this moment and this number will still get higher. Why one more? If it would offer something unique or local, it would definitely be a good idea, but why do you need another platform, even if it is a good one, when you have so many others? It is fair to say that this is the major problem of Winnex.