DragonEx Exchange Review

DragonEX is a cryptocurrency exchange / digital asset exchange based in Singapore. A DragonEX exchange review reveals that they serve the crypto community via no less than a 103 active markets. They also seem to provide trading access to various crypto-to-crypto currency pairs. The main currencies seem to include Tether (USDT), Bitcoin (BTC), Ethereum (ETH) and their own token, namely Dragon Token (Ticker symbol: DT).

DragonEX also seems to support the development of games based on blockchain technology. For example, they provide access to GoDice - a blockchain-based dice-betting game based that is fair and transparent. GoDice supports EOS, DT and USDT. A DragonEX exchange review also reveals that Dragon Token or DT is a dividend token based on the ERC20 token standard. DT holders qualify for a share of the total revenues generated via the DragonEX platform. It seems that the DT token can also be used to participate in the “DK Super Lotto” and in voting, both community voting and voting required when it comes to the listing of new projects and/or digital assets.

In addition, it seems that Dragon Token has a max supply of 37,339,500 tokens (not considering the effect of burned tokens). A DragonEX exchange review also reveals that DT tokens can be obtained via direct exchange or via transaction fee mining at this crypto-asset exchange – a controversial “mining” activity as it encourages wash trades or wash trading.

DragonEX has also established an academy on September 10, 2018. It seems that DragonEX Academy aims to provide education when it comes to blockchain technology and investments in the blockchain. They seem to want to provide the education required to be able to differentiate between quality and bad projects in the crypto space.

It is not possible to use DragonEX if you are looking to trade fiat currency for cryptocurrencies via credit card. Wire transfers are accepted though. With a trading fee that is slightly below the global industry average (0.20%), the exchange is pretty competitive in its area.

The trading interface of DragonEX is easy to use and satisfactory however, it is not particularly impressive. The exchange really values its mobile app which is great for those looking to trade on the go. It is also more focused on the Chinese market rather than the global one.

Though DragonEX proved to have a high-security system when tested, on 24 March 2019 it was subjected to an attack by hackers, which ended up in the users’ private keys being stolen. The hackers transferred assets from the exchange, which ended up in police from several countries being involved in the case. It is important to note that the DragonEX had proved to be outstandingly secure compared to other platforms however, this recent incident shows that users should approach the platform with caution. It is important to note that such risks are always present with new platforms, and that exchanges launched recently should be approached carefully.