Review on BitForex by Robiul Islam
The world's leading one-stop financial service platform.
This exchange has a decent selection of 300+ trading pairs and a very impressive liquidity. It's trading engine can process 1.6 million orders per second, which is more than most other trading engines around the world. It charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. They have a frequently asked questions pages that should help you with any issues you have. There is also a 'submit a request' button where you can contact them directly.
It has a lot of things going for it, the main one being its very competitive fees. However, it’s not exactly what most crypto traders would call a “well-established” crypto exchange. The main drawback might just be the lack of solid information about the exchange’s background.
Updated 5 years ago
Rating has not been changed
For a better trading experience. BitForex will hide 41 inactive trading pairs! Last week BitForex’s introduce new Initial Offerings: Unbound — also known as BitForex IOU, the first two participating tokens are GRAM and DOT.
Pros
- Main advantages and probably the main “selling point” of the platform is its very low fees. Contrary to most exchanges, market “makers” do not have to pay fees.
- Strong security measures, It offers two-factor authentication (2FA) and IP detection.
- Great charting, layout isn’t impressive.
- The platform offers very detailed graphs.
- Accepting CNY bank transfers.
- It easy for users to buy crypto from fiat-based stores.
- The exchange does not charge any deposit fees.
Cons
- It doesn't offer advanced trading features such as margin trading or leveraged trading.
New products
Comments (1)
October 22, 2020
Im using Bitforex since last few years since mxm coin was launched and I won couple of perpetual trading contest and those who are interested in Leverage trading can join Bitforex new interface and trade any coin with Margin
