Crypto community’s right choice?

The Crypto market in the beginning of 2019 until now has had a lot of volatility, many exchanges announced their shutdown such as Bitsane, Coinexchange, .. for reasons that they could not find users. But not so that the Vietnamese Crypto market lessens its inherent attractiveness. Evidence is that the race to occupy market share from domestic and foreign exchanges is hotter than ever.

In the race to gain market share, T-Rex Exchange is one of the most active and dynamic exchanges. Following T-Rex from April 2019, they have gone through 6 months of operation and have more than 39,000 users. In addition, T-Rex has 4 updates adding new unique features. This rather impressive figure shows their seriousness towards the Vietnamese market.

According to the latest announcement we update from the T-Rex news site:

On October 15, 2019, T-Rex officially lowered the transaction fee on the exchange from 1% to 0% for all Prestige users and users who have completed KYC. Specifically, the fee table is as follows:

	BTC transaction fees	ETH transaction fees	USDT transaction fee
User Credits	0%	0%	0%
The user has KYC	0%	0%	0%
User registered but not KYC yet	0.5%	0.5%	0.5%

The advantages of T-Rex Exchange

• Secure transactions with P2P platform
• Free transactions for already KYC users
• Diversify payment methods
• Constantly updated new features
• Regularly organize Airdrop on the floor and Fanpage
• The support team is quite quick
• User-friendly interface.

However, there are the following disadvantages:

• Not many coins yet (mainly USDT, BTC and ETH)
• Do not use VND wallets like OTC exchanges often use. (T-Rex’s criterion is to be safe, so they won’t apply VND wallet on the floor)
• KYC is quite harsh.

Overall review T-Rex Exchange is an easy-to-use OTC exchange and very good transaction fees (0% for KYC users). However, because VND wallets are not applied, buyers and sellers will transfer money directly through each other’s bank accounts, not through the exchange.

Let’s wait and see what the emerging dinosaur T-Rex will do in the near future.