DeFi platform BaksDAO, which opens access to decentralized lending for cryptocurrency owners. BaksDAO is a project on the decentralized finance market. BaksDAO offers users to take crypto assets in stablecoins as collateral. The BaksDAO team has been working since 2018.
Using this exchange was a costly mistake. Their high fees and unfavorable exchange rates eroded my profits significantly. Customer service is practically non-responsive, leaving users in the dark when problems arise. The frequent technical glitches on the platform are a major drawback, causing disruptions during trades. Security is questionable, as I’ve heard numerous reports of accounts getting compromised with little to no support for affected users.
This exchange is a disappointment. High withdrawal fees and long processing times left me frustrated. They also impose low limits on withdrawals, making accessing your funds a hassle. The never-ending verification process, coupled with intrusive requests for personal information, raised privacy concerns. Reports of missing funds from other users add to the skepticism surrounding this platform. The unresponsive support team exacerbates the issues users face.