Review on BitFriends Exchange by Sudais Quadri
Unfunctional exchange from Korea
BitFriends Exchange is a spot exchange for trading different types of digital currencies. Founded in late 2018/ early 2019 by a team of software specialist and experts in blockchain technology, BitFriends Exchange is a Korean peer-to-peer trading platform that supports crypto-crypto trading and fiat-crypto trading. This exchange only supports Korean Won as its only fiat currency, by accepting a fiat currency also means that there's need for KYC verification to verify your identity as a trader.
The exchange was reported to offer cold wallet storage for safekeeping of traders funds as well employment of two-factor-authentification to secure traders account. Unfortunately, this exchange is no longer active for me to confirm this claims. Presently, the exchange is not accessible and telegram group is no longer in existence. This exchange has the characteristics of a SCAM exchange
Pros
- This exchange has no positive use
Cons
- This exchange seems to be an abandoned project
- The customer support via email is unresponsive
- Only the KRW fiat pairs were allowed in this exchange
