Review on BlueHelix Exchange (BHEX) by Pedro O. Alvino M.
Centralized exchange with various trading models in cryptocurrencies
Developed as a centralized exchange, it was developed by one of the former Huobi Global CTOs, in addition to having a number of recognized partners and investors in the crypto space.
What stands out in HBTC is the long list of cryptocurrencies and stablecoins that it contains, where they can be traded in a series of free commercial models for the operator, where in each type of cryptocurrency trading it has its own commission per executed order.
Registration in the exchange is very easy and fast, where it allows the deposit of cryptocurrencies by performing the basic identity verification and authentication activation either by Google or mobile phone.
The adaptability of the exchange in multiple platforms is exceptional, since it is compatible with desktop versions for Mac OS and Windows, in addition to also having mobile device operating systems.
The commercial development within the exchange is specially adapted for expert traders given the variety of their trading models with cryptocurrencies, although it also offers traditional crypto-asset trading for regular traders, where its design is completely understandable given its function similar to others. exchanges like Huobi Global.
The future of the exchange will depend on the influx of users to the platform and a solid community, where it already has a vast community in its social channels, in addition to the support of investors or partners that will provide positive long-term results for the exchange.
Updated 3 years ago
Rating changed from 4 to 5
Given my expectations of the exchange, the level of trade of BHEX is very high, since the development of a great variety of trade between crypto assets has been excellent since its spot market has an interface design similar to other exchanges so the Understanding will be simple for expert traders, in addition the tools it integrates are easy to understand, as its margin market also presents good liquidity, the level of leverage is around 8x, the futures market also expands a section both in cryptocurrencies popular with a level of leverage over 100x and 50x depending on the exchange pair and adds a section of exchange pairs with stable currency in this case USDT and their level of leverage is situated in the same way.
The secondary services are also very attractive on the platform, since its currency staking mechanism allows passive income through a period of time and a flexible one, where both the annual percentage amount (APY) is relatively high compared to other exchanges that also they have this system.
As for other services developed, they are also very popular in the exchange, such as the OTC section, which usually has a relatively movement given the large number of orders it contains, but in terms of fiat currency integration it is very low, limiting to operators from other countries.
The commercial liquidity of the exchange in a certain way has not been so relevant despite the large number of commercial services it has in cryptocurrencies, this may be the lack of events that can generate incentives for operators to intensify their commercial volumes, therefore having a highly attractive referral system so that there is a greater influx of users in the exchange and thus have a greater commercial movement in a large part of its services in crypto assets
In my opinion, an issue to be developed would be the updating of withdrawal fees, since the minimum amount is very high, which greatly limits operators with low capital, it is an essential factor to compete with another crypto exchange given its low withdrawal fee as well as your minimum amount.
The development that BHEX has had throughout its trajectory is formidable, given the commercial options in crypto assets, which is why it is a good option for operators with large and constant commercial volumes in the market.
Pros
- Includes a long list of cryptocurrencies and stablecoins on the market.
- Contains various cryptocurrency trading models with leverage system included.
- It has its own decentralized cross-chain.
- It has online chat 24/7.
- It has a mobile app for android, iOS and desktop for various operating systems.
- Verified volume and liquidity in most of your currency pairs.
- Includes Google authentication and basic identity verification for wallet management.
Cons
- The minimum withdrawal amount on some crypto assets is excessively high.
- The requirements for the exchange VIP are very high.
