Review on BitForex by Sergio Daniel Delgado
BitForex
BitForex is a Singapore-based cryptocurrency exchange platform present in more than 180 countries, one of the things that I am inclined to use this exchange for is the possibility of buying Bitcoin, Ethereum and USDT with my VISA or Mastercard credit card .
This exchange has multiple pairs of cryptocurrencies available such as BTC, ETH, BCH, LTC, TRX and more. Another important feature of BitForex is its security, this is because most of its assets are insured in cold wallets.
The motto of this BitForex is "The world's leading digital asset services platform", this is because it is one of the exchanges that is available almost everywhere in the world, that is why it has more than 3 million and average of registered users.
In most exchanges, deposits are totally free, and BitForex is not the exception, they also offer relatively low withdrawal fees, for example for BTC the commission is 0.0005. The exchange commissions vary from 0.1% to 0.06% which makes them very attractive to its users.
But there is a serious problem in BitForex and it is that there are rumors where they accuse the exchange of giving false volume numbers, this information is not yet confirmed but personally I prefer to look for safer and more present options in my region.
Pros
- It is worth noting that this exchange has its native token named BF, the cuel has a value of $ 0.002.
- presents a large number of registered users on the platform.
- It is available in more than 180 countries.
- owns its own token for rate discounts
- offers a large number of cryptocurrencies available
- Security is one of the most outstanding pluses, since the platform has insurance in case of any theft.
Cons
- There are different negative points that can be considered quite serious, one of them is the series of rumors that the volume number provided by this exchange is false, which personally I prefer to keep at bay and use other exchanges.
