Review on BitForex by Olugbenga Ajayi
Trading on Bitforex exchange is safe and profitable
Bitforex is an exchange to reckon with when looking for a financial market with multiple pairs including cryptocurrency pairs, forex pairs, indices aand tokens. It is an exchange that has gained a lot of liquidity despite the pandemic. As at now it is ranking among the top 10 and it's daily volume continues to compete strongly with other big exchanges like Latoken, Binance, Huobi and others.
It offers promotional incentives regularly to win more people into it's ecosystem of users. For instance if you are new and you download and use it's mobile app for trading, you will win $10 for yourself. There is also a weekly challenge for contract traders to motivate them regularly.
However there is an on going controversy or doubt over the trading volume declared on the platform. But controversy or no controversy, the exchange has been able to stand the test of time as the record reveals. The security framework is strong. It has not been hacked and it has never defrauded anyone.
Pros
- BitForex is an exchange with a high daily liquidity
- It is an exchange with no record of security breach
- Very speedy transaction per second
- Offers flat fees for both takers and makers
- It accepts bank transfer, credit card for deposit and it also accepts cryptocurrency transfer
- Offer spot forex and indices Trading
- It uses 2 factor authentication and email verification and PIN for security
Cons
- There is controversy about fake reporting on daily trade volume
- Customer support no so good
