Review on Baibit by Stephen Toluwani
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
