Palmex: ArabianChain MENA Digital Assets Exchange & Analysis?

The viral rise and subsequent acceptance of Bitcoin and altcoins have driven their prices to shoot dramatically. But the phenomenon has also given birth to nearly countless digital asset exchanges where crypto enthusiasts trade their digital currencies for either other coin types of fiat money. Reputation, number of currencies they support and transaction fees mostly fuels Their rapid emergence.

Digital asset exchanges thrive primarily because they are the inevitable getaway into the world of cryptocurrencies. But just like the conventional stock exchanges, these digital asset exchanges vary based on transaction fees. But amidst the many of these platforms is Palmex Digital Asset Exchange, the first of its kind in the Middle East and North Africa region.

What Is Palmex Digital Assets Exchange?

Palmex is the first digital exchange for allowing its users use advanced trading tools, low trading fees, secure trading as well as multiple cryptocurrency pairs in the Greater Middle East region. Unlike the giant exchanges that cover the whole globe, Palmex will enjoy greater traction and acceptability since it is a brainchild of Arabianchain Technology.

Arabianchain Technology is the main proponent of blockchain innovation and acceptance in the region. It was the first developer of the first public and decentralized ledger alongside DubaiCoin DBIX, and also the brain behind ArabianChain, a decentralized mineable and tradeable digital coin.

Palmex Manages To Unlock The “Potential Of Tomorrow’s Economy.”

As aforementioned, Palmex Digital Asset Exchange’s fame as the exchange of choice in the Middle East and North Africa region is down to its Advanced Trading suite. Signing up is a simple, on-off procedure whereby one just activates their account and right away starts to trade. Crypto traders get to use an intuitive, easily understandable and user-friendly UI that’s run by powerful algorithms.

Digital Currencies And Fiat Money Palmex Supports

There’s no doubt that this coin exchange isn’t as sophisticated and advanced as the record-breaking ones. But as it promises to help traders “hit the bull’s eye,” it does so by offering multiple trading pairs. Despite accepting USD as the only fiat currency, it’s incredible that it has both Emirati Dirham (AED) and DubaiCoin DBIX as among the currencies it supports.

1. DubaiCoin
2. Jibrel Network Token
3. Bitcoin
4. Ethereum
5. Bitcoin Cash
6. Litecoin

Palmex Deposit And Withdrawal Fees And Limits

There are many awesome features about Palmex as one of the best exchanges in the Middle East region and key among them is the convenience of free deposits for all types of digital currencies. Yes – you deposit all the coins this platform supports free of charge. Deposits are only possible when you use the DubaiCoin mobile app’ QR scan feature.

User-to-user payments are free as well, pretty much like withdrawing USD. As for the charges for withdrawing the various currencies, they aren’t exorbitant even a tad. For BTC withdrawals, for example, you part with 0.00085 BTC.

Palmex Verdict

Palmex aims to disrupt the MENA region, and it isn’t hard to decipher how it will make that possible. Its state-of-the-art APIs, as well as their decentralized approach to security and private keys and cold wallet features, makes it another safe option. The platform’s support desk is on stand-by 24/7 too, which is actually a plus!