We decided to use three main points to rank this exchange. Infastructure has to do with how well the exchange operates and how resilient it is when it comes to attacks. Because it's a decentralized exchange we gave it a 5/5. The second performance index is the Team, while the team is definitely competent and not only has a great product but did a good job marketing it, unfortunately the names of the exchange owners are not public. The team does lack transparency which is the reason we gave it a 3.5 stars. Last but not least, the trading aspect of it has to do with how easy it is to trade cryptocurrencies on the exchange, how is the trading interface, and how the high the trading volume is. While the trading interface and features are great, the low trading volume is the reason we gave this category a 3/5 stars. Overall CryptoBridge is a solid exchange and if you haven't used a decentralized exchange before we highly recommend you at least give it a try and set up an account there.
Cryptocurrency exchanges have evolved over the past few years. Whether it has to do with the endless hacks, the inflation of trading volume, or the exit scams. A new generation of exchanges has come to light known as DEXs or Decentralized Exchanges. CryptoBridge is one of those “Exchanges 2.0” which allows one to trade cryptocurrencies without ever delegating access to your coins to a third party.
Launched in November of 2017 and based out of Florida, CryptoBridge is a decentralized exchange with a cryptocurrency of its own called BridgeCoin (BCO). 50% of all profits of the exchange are distributed to BCO which helps increase demand and the price of the token. BridgeCoin was created four months prior to the launch of CryptoBridge back in July of 2017.
BCO’s market cap is currently at $11 million and it’s currently only traded on BridgeCoin for obvious reasons. When it comes to the exchange itself, the trading volume is quite weak compared to some of the bigger players. At the time of writing the 24 hour volume is only at $400,000. CryptoBridge is definitely a niche exchange whose trading volume is attributed to mostly lesser known cryptocurrencies.
On the upside, the fact that CryptoBridge is a decentralized exchange means that there is no central point of failure. Even if CryptoBridge goes down tomorrow customer funds will not be lost. The exchange definitely gains some points in our review because of that feature.
How to get started with Crypto-Bridge.com
To get started with CryptoBridge you first go to their website and click the Launch Dex button to set up your account. On the page you will have a chance to choose a username and you will be provided with a generated password. Save the information somewhere safe because you will need it to access your account. Note that if you lose access to your account you will also lose access to your funds.
At this point you can deposit and withdraw funds into your account and begin trading on the exchange. You may also download a CryptoBridge client to use on your desktop without the need to access a website.
Pros and Cons for CryptoBridge
- Decentralized Exchange
- Beautiful Design
- Quick Account Setup
- No ICO
- Competent team
- High Listing Fee (3 BTC Minimum)
- Complaints online about long wait times for support response
- Relatively new
- Low trading volume
- Team not transparent
Disclosure: NullTX is not affiliated with CryptoBridge. We are not responsible for any damages that may result from the use of this exchange.