VinDAX
Coin listings
All coin listings# | Coins | Price | |||
---|---|---|---|---|---|
| |||||
| 1 | Tether USD USDT | $ 1.00 | Trade | |
| 2 | Bitcoin BTC | $ 108,514.97 | Trade | |
| 3 | BNB BNB | $ 686.07 | Trade | |
| 4 | XRP XRP | $ 2.30 | Trade | |
| 5 | Jinbi Token JNB | $ 66,649.93 | Trade | |
All coins |
New coin listings
Coins | Price | Added | ||
---|---|---|---|---|
| The Nation Token NATO | $ 0.0₅190 | 5 days ago | Trade |
| StrSwap from RZ STR | $ 0.0290 | 7 days ago | Trade |
| LUSD LUSD | $ 1.000 | 2 weeks ago | Trade |
| 2G CARBON COIN 2GCC | $ 0.00972 | 3 weeks ago | Trade |
| SLT SLT | $ 7.29 | 3 weeks ago | Trade |
All new coins |
Markets
About VinDAX
VinDAX Exchange
VinDAX, established in 2019 and reportedly based in Vietnam, emerged as a centralized cryptocurrency exchange aiming to facilitate global trading across a broad spectrum of digital assets. While it initially pursued a strategy of listing numerous altcoins and offering competitive fees, its operational history is significantly marked by a major security incident and a subsequent collapse in trading viability.
Core Historical Offerings
- Expansive Asset Listings: VinDAX was notable for its aggressive listing strategy, including a vast number of lesser-known altcoins, which historically appealed to a niche segment of the market seeking early exposure to diverse crypto projects.
- Cost-Effective Trading: The platform advertised low trading fees, typically a flat 0.15% for both makers and takers, with potential for further reductions via its native utility token, VinDAX Coin (VD).
- Native Utility Token (VD): The VD token was designed to integrate into the exchange's ecosystem, providing fee discounts and other potential benefits for holders, aiming to foster user loyalty and liquidity.
- Tiered User Interface: It offered both simplified "Basic" and comprehensive "Advanced" trading interfaces, suggesting an attempt to cater to a wide range of user expertise, from novices to experienced traders.
Critical Considerations for Current Assessment
- Significant Security Compromise (2019): A critical vulnerability became apparent in November 2019 when VinDAX suffered a hack resulting in an estimated $500,000 loss across 23 distinct cryptocurrencies. While the exchange claimed post-incident security enhancements, this event severely undermines confidence in its protective measures and overall security posture.
- Non-Operational Status & Liquidity Crisis: Currently, VinDAX exhibits negligible to untracked 24-hour trading volume across all major cryptocurrency data aggregators. This total absence of liquidity renders the exchange non-functional for any practical trading activity, making it impossible to buy or sell assets at discernible market prices.
- Absence of Regulatory Assurance: Comprehensive and verifiable information regarding regulatory oversight by a recognized financial authority remains largely elusive. This lack of clear regulatory standing exposes users to substantial risk, as there is little to no formal recourse or protection in case of platform failure, technical issues, or further security breaches.
- Irrecoverable Funds Risk: Given the past security breach and the present state of inactivity, any assets that may have been held on VinDAX are at a very high risk of being irretrievable. The historical incident of asset loss combined with current operational dormancy points to an unsafe environment for funds.
- Irrelevant for Modern Trading: Due to its history of security failures and its current status as a platform with virtually no operational liquidity, VinDAX Exchange does not represent a viable or safe option for engaging in cryptocurrency trading in the present market.
In conclusion, VinDAX Exchange, once an ambitious platform, has demonstrably failed to maintain operational integrity and user security. Its current state of non-functionality and past security incident dictate that it should be unequivocally avoided for any cryptocurrency trading. Prudent market participants should instead rely on established, active, and regulated exchanges for their digital asset needs.