Review on BitForex by toan van
Bitforex digital exchange
Bitforex is a cryptocurrency exchange established in 2015 based in singapore, which has branches in many countries. It has a daily trading volume of millions of dollars, not only crypto trading but Bitforex also expanded and turned its platform into an exchange for traditional assets. The Bitforex team receives a $ 20 million investment from the venture capital fund, and they have experience working in well-known financial and technology companies.
Pros
- Bitforex's transaction fee is cheap compared to most other exchanges
- High trading volume and listing of multiple trading pairs, expanding the platform to allow users to trade traditional assets.
- Basic security with 2fa, KYC verification
- Simple interface, support for margin trading, futures
- Platform that allows users to copy trade-social trading
- It has app for android and ios
Cons
- The local languages have not been completely translated on the platform
- It lacks advanced commands for pro traders
- The trading volume of many coins was counterfeited
