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Fees
Earns
Customer service
Fees
Earns
Customer service
Beginners
Trading
Passive income
Buy and hold
Beginners
Trading
Passive income
Buy and hold
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| Pdax | FEATURES | Simpleswap |
|---|---|---|
|
PDAX allows users to start trading with as little as PHP 50 per single trade, making it accessible for beginners and those with limited capital. |
Minimum Trade |
SimpleSwap supports flexible trading with no minimum deposit, making it accessible for casual users and beginners to start trading with any amount. |
|
The trading fees range between 0.40% to 0.50%, which is moderately competitive within the region but higher compared to global averages. |
Trading and Transaction Fees |
The platform operates with a straightforward fee structure but lacks the transparency of detailed fee breakdowns that might benefit users looking for cost efficiency. |
|
Supports over 37 cryptocurrencies, which is decent for a regional exchange but less compared to larger international platforms. |
Number of Cryptocurrencies |
Offers a wide variety of over 300 cryptocurrencies, providing users with extensive options for trading different digital assets. |
|
PDAX primarily focuses on PHP-to-crypto pairs, limiting options for those looking to trade directly between cryptocurrencies. |
Crypto-to-Crypto Trading Pairs |
Supports numerous trading pairs, allowing for versatile crypto-to-crypto exchanges, though it could expand into more niche or emerging cryptocurrencies. |
|
The website provides clear information about trading fees, minimum trade amounts, and other essential policies, although some users may find certain operational details lacking. |
Website Transparency |
While the website is user-friendly, it could improve by providing more detailed information about the company’s background and operational logistics. |
|
This lack of a dedicated card offering means that PDAX users cannot directly utilize their crypto holdings for everyday transactions outside the platform. |
Credit/Debit Card |
SimpleSwap focuses solely on cryptocurrency exchanges and does not provide additional financial tools like an exchange card, limiting its utility for everyday transactions. |
|
Provides secure wallet services regulated under Philippine law, ensuring safety for digital assets, though it lacks some of the advanced features found in dedicated crypto wallets. |
Storage Offering |
Provides secure storage options, though detailed information on security measures and storage capabilities could be more transparent. |
|
Currently, PDAX does not offer staking services or rewards, which is a significant drawback for users looking to earn through these mechanisms. |
Staking and Rewards |
Limited staking options and rewards are available, which could be enhanced to attract long-term investors. |
|
The mobile app is user-friendly and provides a robust trading experience on the go, although the desktop version could be enhanced with additional trading tools. |
Mobile App and Desktop |
Offers a functional mobile app that is efficient and convenient for trading on the go, although further enhancements could improve user experience and features. |
|
Offers multiple channels for support including email and social media, but there are reports of delays and the lack of immediate response options like phone support or live chat. |
Customer Service |
Generally receives positive feedback for customer service, but could benefit from extended support hours and faster response times. |
|
PDAX supports various local payment methods, which is convenient for Filipino users. International users, however, might find options limited. |
Deposit and Withdraw |
Crypto deposits and withdrawals are supported, but the addition of fiat options and reduction of withdrawal fees would improve this feature. |
At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.
We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).
For more details on the categories considered when rating brokers and our process, read our full methodology.
Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.
Neither Threenvest, nor the author, are recommending you to invest with this article.
We help you invest in the crypto market in the safest way possible.
Threenvest was born by and for you. Our mission is to help you invest in the cryptocurrency market in the easiest and safest way possible. And how do we make money? Very simple, every time you click on any of the platforms that we recommend, it is possible that we get an income. We do not work with unsafe platforms, our standard is only to recommend platforms where we would invest our money ourselves.
© All rights reserved 2024 | Threenvest I/S