Review:I came to know about the site
https://fryx.finance/ from bitcointalk. I have opened their website and I was surprised to see the simplicity of the homepage of the site
https://fryx.finance/ It shows like the below image:
The home page is the same as the buy Monero page. It is good but it could be better if there is another page called the home page. And we could then learn about the site/service first then we could visit the buy Monero page. Also, as we have to click on the sell Monero page and we have to click on the sell Monero page then why we will not click on the buy Monero page? Also as there is a register/signup page as well as a login/sign-in page I think they should have a page called the homepage/About us page. Anyway, it has a good side too as we are able to see the buy Monero page directly once we open the page.
Fees:Then I visited the page called fees. I noticed they have three types of fees.
1. Trading fees (The trading fee is 0.2% which is good as it will charge 1 Monero if we trade 1000$ then they will charge only 2$.)
2. BTC withdrawal fees (Btc Withdrawal fee is 0.0001
BTC which is more than 2$ for now. While coinbase and many more sites take lower fees than this. In this case I think fees should be lowered if possible.)
3. Monero Withdrawal fees. (Monero withdrawal fees are too low it is just awesome.)
Register/Login:It is too simple to create an account on this site. It requires just to enter email and need to verify from email. And the same for login. It does not require any password to signup/log in.
2FA:This site has no user preference for extra security. If for any reason someone gets access email address then s/he can misuse the fund from this site. As this site has no extra security. I think there should have extra security for the users eg: google authenticator/phone verification. Though the sites are more simple for not using the extra security option.
Trades: Anyone can trade from this site without creating any account/without login into the account. So, this site will not collect any information if we do not create an account. We can trade anonymously which is the main purpose of creating bitcoin/crypto. I love this site for this anonymous service.
Peer: The site has only one peer BTC to XMR/ XMR to BTC. So, many users will not feel comfortable as there is no other trading option. In this case, it will be better if the site can add more peers which will encourage a lot of users to use the service.
Trading rate: While anyone will use the service to buy/sell anything the user should know the rate before the buy/sell order. But I could not see such an option before signing in to the account. Though I can see after login into the account that I have to mention my desired rate. I think it will discourage new users to use the service from this site.
Terms and Conditions: The site has not mentioned any terms and conditions. There is nowhere mentioned how many confirmations are required to be approved a transaction neither for BTC nor for XMR.
Contact information: There is no contact information. If any user faces any problem using the service then the user has nothing to do. As the site has no contact information. The site should have at least an email/contact form to contact if any user has any queries.
Social Media Service:Every site needs to promote its service other wise who does not promote their service will not be able to reach their users. Though it can be handled via various types of marketing. Yet nowadays social media is common. So, adding social media eg Facebook/Twitter will be another good sign for the site.
Mobile Friendly: I have tried to see the feature through mobile and I saw it is mobile friendly.
To conclude I want to say that every site might have few restrictions, but this site has too. Yet based on the service they are providing, I want to say that it is an awesome service. Adding/removing a few more things will make the site more user-friendly.