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Yankari
4 Level
271 Review
1184.5 Karma

Review on Baibit by Stephen Toluwani

Revainrating 3 out of 5

Baibit exchange has been rebranded. Not shutdown


In my time compiling data about the Baibit exchange, it first struck me again, as a scam exchange or an abandoned one but after a lot of time has gone into making thorough research and validation of the exchange proof of existence, I can still vouch for Baibit as having a working product and a huge trader base.

While I read through some interviews of the exchange with a news reporter, one can see that the exchange has a strong backer of a CEO, financially, but in my view, that cannot be enough to make up losses in case of a hack

I will be limiting my review on Baibit and compiling it instead on its rebranded exchange, Oasis Exchange but I want to assure everyone, this exchange is still very much alive, just rebranded.



Pros
  • Baibit exchange has undergone a rebrand and has so therefore dropped it's old name and taken upon the name, Oasis exchange which has a high trading volume and liquidity indications of a working product
Cons
  • The old site doesn't work, instead it should be configured to redirect one to the new exchange site.
  • The only backer if this exchange is its CEO who boasts of himself being a billionaire, this means there is no insurance cover for the Crypto users in case of a hack