Review on BFX by Naomi Ilani
Using BFX Is A Risky Adventure
Taking a close look at the blockchain network and cryptocurrencies, I've gotten to discover that getting scammed is as easy and rampant as one can see or think about. The fact that the blockchain network houses many people that consist of not just traders, but scammers too. Some people are on the blockchain network to go away with other people's
The exchange platform I would be reviewing today is known as the BFX exchange platform. It's one that was established in the year 2018 and claims to be as authentic as one can think. All these seems to be false, my reasons are clear and are two in number, these are:
1. The fact that the exchange platform is not registered makes using it a very risky adventure, this is because there would be no one to run to if the exchange platform close
2. There hace been numerous complaints from people, traders majorly, that have used the platform. These people make complaints about the platform maliciously stealing funds.
I guess these two are valid reasons enough for traders to be extra careful when using the BFX exchange platform
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Pros
- The exchange platform allows users to make use of a demo account, this would help perfect their trading skills
Cons
- The fact that it's not registered make things scary
