Review on Bitex.la by Pedro O. Alvino M.
Financial platform designed for the trading of crypto assets and fiat currency for companies and institutions.
BitexLa designed largely for the Latin American region, but with a business and institutional focus, so that it proposes a variety of financial services in crypto assets and fiat currency, in order to grant the merchant the facility to make payments in local currency or fiat currency to any entity registered on the platform.
Despite the low number of currencies that the platform supports, the services it integrates provides benefits for merchants, since it allows the sending of remittances and multiple payment systems with moderately respectable transactions, depending on the withdrawal method used by the user and according to To the established country, the platform removes a percentage and more the bank charge, which in the international section the bank charge establishes a cost of 65 USD which is very high and inaccessible for many merchants.
Being connected to the main exchange Bitex, it allows companies to carry out exchanges with crypto assets and fiat currency with a large percentage of trade volume through OTC markets, although the number of available crypto assets is very little, something that the platform should focus on. to develop, so that it will have more entries from merchants and normal users to the platform.
Pros
- Designed for companies and institutions with a wide variety of business functions.
- Proposes various mechanisms of cryptographic payment systems and remittances in various countries.
- It is connected with the Bitex exchange with large commercial volume market models.
- Supports various fiat currencies that can be traceable with the crypto assets added on the platform.
Cons
- The amount of crypto assets it supports are very low.
- There is very little user input to the platform.
- It has limitations for users of basic business functions.
