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Burst Asset Exchange

3 from 1 vote
Decentralized
Supported coins

Fees

Taker fee

Maker fee

Withdrawal fee

0

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Burst Asset Exchange Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there. This is to enable you to find the best cryptocurrency exchange site for you. This review of Burst Asset Exchange consists of four parts: general information, fees, deposit methods and security.

General Information

Burst Asset Exchange is a so called “decentralized exchange”. Decentralized exchanges are becoming increasingly more popular. They are definitely gaining market shares against their centralized counterparts. One decentralized exchange that has grown very big lately and that you should also check out is Mercatox.

Decentralized exchanges do not require a third party to store your funds. Instead, you are always directly in control of your coins and you conduct transactions directly with whoever wants to buy or sell your coins.

The servers of decentralized exchanges spread out over a variety of locations across the globe. That leads to a lower risk of server downtime. However, decentralized exchanges as opposed to regular top crypto exchanges normally have a lower liquidity order book than the regular top crypto exchanges.

The Burst Asset Exchange is a built-in peer-to-peer exchange integrated into a specific Burst Wallet. The Burst-team claims that this enables fast, decentralized and secured trading. Furthermore, they claim that there is a wide range of application for potential investments or trades in Asset Exchange since you can use “Burst Assets” as a token for most things with value. They give many examples of such assets, including shares in: crypto mining rigs, crypto gambling sites and silver investments.

Supported coins are Burstcoin + ANY token generated from a Burst Asset (= colored coins).

As Burst Asset Exchange is a decentralized exchange, it does not list US-investors as prohibited from trading. However, US-investors should still do their own independent assessment of any problems arising from their residency or citizenship.

Burst Asset Exchange Fees

The one thing we can’t stress enough is that you must always ascertain the trading fees at every exchange. We have not been able to find information on this exchange’s trading fees or withdrawal fees. This is potentially a risk for you as an investor (if the exchange’s website does not inform of the fees anywhere we believe there is generally a higher risk that they are high). Accordingly, we strongly urge you to make your own analysis of the fees at this exchange before depositing any funds there and before concluding that this exchange is the best cryptocurrency exchange site for you.

Burst does not distinguish between takers and makers. However, there are fees involved with placing sell and buy orders. So essentially, the person placing the order is the person that has to pay a fee. We have not been able to find any information on the size of such fee.

Deposit Methods

Burst Asset Exchange does not accept any other deposit method than cryptocurrencies. Accordingly, new crypto investors are actually restricted from trading at Burst Asset Exchange. If you are a new crypto investor and you wish to start trading at Burst Asset Exchange, you will have to purchase cryptos from another exchange first and then deposit them at Burst Asset Exchange.

Burst Asset Exchange Security

Burst Asset Exchange’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.

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Finally, as mentioned above, this is a decentralized exchange. Decentralized exchanges are still a minority on the cryptocurrency exchange market, with the centralized exchanges still dominating the field (mostly due to better liquidity). In any event, if you’re looking for a decentralized exchange, you could also check out the following quite popular ones:

  1. Mercatox
  2. DDEX
  3. Ethermium
  4. Cryptobridge
  5. Counterparty DEX
  6. Bibox
  7. EtherDelta
  8. AirSwap.io
  9. Fcoin Exchange
  10. Switcheo Network
Burst Asset Exchange compared with other cryptocurrency exchanges