PDAX: Crypto Wallet & Trading
Philippine Digital Asset Exchange (PDAX), Inc.v14.13.0
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Reviews (3)▼
I created my account and applied for an upgrade on May 6th. Application says it only takes maximum of five days. After two weeks, I contacted customer service and asked for a follow up. They said they’re gonna work on it. I waited and waited and followed up again, once again they said they’re gonna work on it. I never once heard of an apology for such an inconvenience. My account only got verified June 3rd. What they said will only take a maximum of five days took almost A MONTH. From May 6th to June 3rd.
The amount from the platform when trading is way different from the market price! PDAX is charging high fees now for cash in, also from buying, selling and in between which makes your profit a bit lower than the exact amount that you supposed to get. Tell me PDAX, how can we move our money when you always charge high fees? I know that there should be fees for every transaction but charging us TWICE when we buy and also charging us TWICE when we sell and also the computation in between is not fair!!! You have that hidden fees which you program in every transaction we have so you can get high commission while we get less profit!!!!!!! Just to explain the “twice charge” I mentioned and hope that you will fix this coz it’s not fair!! Let’s say we buy a crypto worth .45/crypto for P500. Market price is .45, PDAX price is .50 (which is a given fee/high price for every buy transaction-which I understand). However, instead of seeing full P500 in our existing assets, we see P400. Isn’t it NOT ENOUGH that you should only charge us once through your high price, but then you took few percent of our invested money again when we buy! Then high price when we sell a crypto, then other crypto requires an increment charge as well! In reality, ONLY PDAX can gain profits here!!!!!! You also have limited options that you can do in this app unlike using other platform. Here you can’t buy and sell multiple different prices in one crypto. If you buy another price now for the same crypto, you don’t have the option to sell it when the price becomes higher coz you will have to wait for the other price you bought to gain profit as well, so you will have to wait for all of the prices to gain profit and you just have the option to sell them altogether, so inconvenient!!!! I don’t think you can fix these all coz you’re just after the money of your clients!!!! WORST TRADING APP!!!!
WARNING: Do not invest your money on PDAX!! I was once a trader of PDAX, I invest big amounts like a minimum of 10k. I used PDAX for more than 1 year already but I didn’t gained much, as I have observed until now that the market in PDAX only moves so slow. It’s like the buying and selling of cryptos in PDAX is different from the actual prices of stocks in the market. Let me share you my bad experienced in using this application, I used to trade high amounts on cryptos in the said app, I experienced I gained almost 3k but I only experienced to withdraw once because after I withdrawn the money, the management of PDAX emailed me that I have to withdraw all my traded funds in my account because they will terminate my account due to any violations. I replied on their customer service if what was my violations but they didn’t disclosed to me about the issue why they will delete my acct. & here’s a con, I haven’t withdraw all the funds in the acct because they’d limit it.
Version History (10)▼
Available In (83 Countries)▼
Supported Languages (1)▼
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Your next money move, made simple. With the PDAX app, you can buy, sell, and manage cryptocurrencies, Philippine government-backed bonds, and access...