Review on BitFlip by İlqar Agayev
My thoughts about BitFlip
Hello there. The review I will write today will be about BitFlip. BitFlip is a Russia-based crypto exchange created in 2017. Although this exchange had greater experience than many of the exchanges today, it soon went bankrupt and closed all of its accounts. Today, the official website of the exchange has been sold and we cannot access the exchange in any way. I could not find any official explanation for the reason BitFlip was shutting down. But if we look at customer feedback, recently increased transaction fees, as well as delays in transfer times, have brought the exchange bankruptcy closer. I think that this exchange, which was closed without any official explanation, is also a fraudulent, because reliable exchanges always inform their customers about this before they are closed and allow them to withdraw their assets as soon as possible. But I haven't seen any similar statements on BitFlip's social media accounts and other sources. When the exchange was operating, it did not have a large customer base, and customer satisfaction was also very low. Thanks to the wrong strategies of the authorities, the exchange is now closed.
Pros
- I don't think it has a good side
Cons
- Thanks to the wrong strategies of the authorities, the exchange is now closed and the website is not accessible.
- Probably fraudulent, because I could not find any official explanation for the closure of the exchange
- When the exchange was operating, it did not attract people's attention, so the customer base was also small
