Review on BCoin.sg by Jeff Ayuba
Opening a 0.1 to 0.3% trading fee makes the exchange bad for business. No wonder it's shut down
The Bcoin Exchange is one of my highly disregarded exchange due to what is offered in its early days of being operational. Can you believe that this exchange made its users to pay 0.1% or 0.3% as their trading fees. Like who does that 🤷 this fee is well up above the market average and it marginalizes on the profit that the traders tend to make while trying to make a trade on this exchange.
After a very long for a purpoted server maintenance in March 2019 Bcoin Exchange has not seen any improvement and it's website has been shut down also which pointed out as a scam or should I say a potential scam as many users have reported these exchange for locking up their funds in it's wallet and not giving them any explicable explanation or an opportunity for them to redeem their money.
Long story short this exchange is dead ☠️
Pros
- The exchange offer a lot of options in its services while being operational
Cons
- The exchange notified users of is being upgraded in March 2019 but has since went offline
- The abrupt closure of this exchange outlet many users to labelling it an exit scam for their funds were being locked in it
- Trading fees of 0.1% up to 0.3% made this exchange bad enough for use as it marginalizes on the profits of its traders
