Review on Bitay by Killer Bean
Exchange for Turkish traders
Bitay exchange is a turkish exchange launched in 2018. As of the day that i am writing this review, the exchange had a trading volume of 489 million US dollars. As a relatively new Exchange, Bitay uses quite sophisticated snd well advanced technology to make trading here a seamless experience. Most of the cryptocurrencies like Bitcoin, Ethereum, Dash, Ripple, ChainLink are traded against USDT and Turkish Lira, TRY making LIRA the only fist currency traded in the exchange. On this exchange, users are charged very high fees, a 0.32% fee us charged for takers fee while 0.24% fee is charged fir the makers fee, Introducing liquidity into the exchange but with high fees. Trying out the apo was not a nice experience, after downloading the mobile app i was set to explore it, but it was quite shocking that the exchange kept getting stuck at the first page, where the logo was displayed, most times i has to close the app and open until i gor tired and i uninstalled it from my mobile phone. I wasn't able to trade here majorly because of the fiat tokens supported and the app's interface.
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Pros
- The exchange supports various cryptocurrencies
- The exchange is very liquid
- The exchange is built with sophisticated technology
Cons
- The interface needs to be worked on
- The customer support isnt useful to foreigners
- Only TRY is the fiat currency supported here
- The mobile app is very vad, it is not useful
