Exchange NameCPDAX
Volume (24H) $79,814.08
8.83 BTC
Coins Support0
Trading Pairs0
Website https://www.cpdax.com/
Twitterhttps://twitter.com/cpdax
Bloghttps://support.cpdax.com/index....
Alexa Rank755880

CPDAX - cpdax.com REVIEW, TRADING VOLUME AND PAIRS

 

CPDAX, a South Korean cryptocurrency exchange, appeared on the market in 2017, right at the time of the well-known cryptocurrency boom. The official website (cpdax.com) interface is available in the Korean language, although many reviews state that there are also Chinese and English versions of the website. Unfortunately, by default, the website is presented in the Korean version, and we could not find the language switch button.
At the time of writing, the daily trading volume on the exchange is 1.1 million US dollars. The most popular trading pair here is SIX/BTC, which accounts for more than half of the total trading volume. Besides, the platform features such exotic currencies as Cube, AmonD, Airbloc, BUMO, SpaceChain and, of course, the popular Bitcoin, Ethereum, and Ripple.
We would like to note that the liquidity on the exchange is insufficient unless you plan to trade the SIX coin. Note that in the spring of 2019, liquidity was at a fairly high level, but in the summer of 2019, it fell sharply. It is hard to say what this is connected with, but an investor who plans to work on this platform should consider this fact as an additional risk factor.
Exchange platform is focused mainly on the Asian market. However, judging by the reviews posted on the Internet, investors from America and Europe also trade here. The exchange does not set any restrictions for non-residents of South Korea.

Interface

The interface functionality is hard to evaluate since it is not translated into English or other popular languages. Visually, it is concise and unobtrusive. As for the website menu, it contains the following items:
• Exchange
• Conclusion
• Retention of assets
• Transaction history

One of the great things is that developers thought about investors who prefer to work through portable devices and offered a convenient CPDAX app for Android and iOS.
The trading cabinet on the exchange is also very easy-to-use. In the center is a Japanese chart, and just below is the form for opening buy/sell orders. On the right are the main markets in the form of tickers and a trade blotter.

Commission fees

Buyers are charged a trading commission of 0.20%, whereas sellers receive a 50% discount and pay just 0.10% of the transaction amount, which is below the market average. Besides, the exchange provides a system of discounts, which allows you to reduce the cost of trading commissions when increasing trading volumes.
For the withdrawal of funds, website takes a minimum commission, which is individual for each cryptocurrency. For instance, you will pay only 0.00005 BTC for Bitcoin withdrawal. This is much lower than on most major exchanges.

Making a deposit

Unfortunately, one can't make a deposit using a bank card but can replenish the account using a traditional bank transfer. At the same time, among fiat currencies, only the Korean Won (KRW) is available here.

Conclusion

cpdax.com is a local project that is primarily interesting to residents of South Korea. Trading is conducted with KRW and BTC, which is inconvenient for those who are used to USD. Among the advantages of the project, we note a concise interface and moderate commissions. There are no obvious drawbacks other than low liquidity. However, we tend to assess this project as insufficiently reliable in terms of cybersecurity and financial stability.

# Currency Pair Price Volume (24h) Updated