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Bitinka Review

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Average

Revainrating 3.5 out of 5  
Rating 
3.3
Crypto Exchanges

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Description of Bitinka

BitInka is a trading platform for Bitcoin, Ethereum, Dash, Ripple and other cryptocurrencies, wich allow the users to buy and sell in more than 10 different currencies from America, Europe and Asia. The platform with the biggest offer in FIAT pairs of the world, variety of advanced tools to trade Bitcoins, cryptocurrencies and digital tokens.

Reviews

Global ratings 12
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Type of review

Revainrating 3 out of 5

Bitinka: Long-term unchanged exchange

However, despite the fact that there is a wonderful plan in place and that the important events have been organized to ensure that the events are well-received, the administration has not been able to keep up with the trend for a long time, and it is a digital currency that has attracted a lot of controversy. In fact, the stage has not reached a high level in a year. The site is copyrighted until 2020. A similar issue has been going on in web-based media since Telegram, with nothing but a…

Pros
  • The platform is mainly focused on raising money
  • Using an exchange is simple
  • There are opportunities for some global foundations.
  • It has a strong foothold in South America.
Cons
  • There is no mobile app for this
  • Asking for pictures of documents in KYC approval is worrying.

Revainrating 2 out of 5

It isn't well-known in crypto space.

The exchange may not be for everybody, except that is not a significant concern since they act more as a particular digital currency exchange for the individuals in South America. It is the lone crypto exchange to acknowledge the same number of South American monetary standards as they do, and they give the simply crypto services accessible to numerous South Americans. The exchanges expenses might be higher than most, yet they pull off it since they offer a specific service in which…

Pros
  • The platform is designed in a very simple way that is easy to utilize.
  • It supports the fiat currency of 8 countries, which is much higher than other exchanges.
  • It has built up a solid standing in South America.
Cons
  • You have to submit KYC document while registering on the platform (You can see it in my added image).
  • As you can see in the image I added, the trading volume on the Bitinka exchange is relatively low.
  • There are many complaints about not being able to withdraw from the platform.
  • Looking at the trading activities on their platform, it seems that bot trading is going on here.
  • Bitinka has limited tools and features for pro traders.

Revainrating 3 out of 5

It's a beginner-friendly exchange, because it's pretty easy to use

Bitinka is a cryptocurrency exchange based in Peru. It was established in the year 2013. The exchange offers numerous flat currencies that are popular in South American countries, as well as a few crypto currencies. Although there is no downloaded app for the exchange, the web-based platform works well on both mobile and desktop computers. The exchange claims to have 100 percent security, a large commission on all activities, and minimal transaction costs, but the numbers reveal otherwise…

Pros
  • It is in favor of fiat currency.
  • It's simple to utilize the exchange.
Cons
  • The transaction and withdrawal fees are both rather hefty.
  • There isn't a mobile app for it.

Revainrating 3 out of 5

Bitinka: Exchange without Updates for a Long Time

Bitinka is another cryptocurrency exchange that has presented lots of contrastive points because despite having an excellent design and being composed for a good administration of features, the services have not received updates for a long time. At least the platform has not received any advanced for more than half of a year. The site has its copyright established up to 2020. In social media, the same issue is happening since the public accounts like Telegram, the site has no content more than

Pros
  • Excellent design and concept for providing trading assistance through different financial stages with crypto.
  • The platform is especially good for being involved in fundraising. There are opportunities for some global foundations.
  • It is composed of two services working as a whole, a broker and the exchange itself.
Cons
  • The service hasn't received updates for a long time now. There is access to the social media accounts of the company, but none of them has been updated either.
  • There is no way of tracking the team to see if they are still available.
  • Users are trading on this little known service over their own risk.

Revainrating 4 out of 5

Bitinka charges high transaction fee

Bitinka is a crypto exchange that is domiciled in Peru. It was founded by Roger Gabriel in 2013. The exchange has a few crypto currency on its market and also supports many flat currencies that are popular in South American countries like Bolivia, Argentina, Peru. The exchange does not have a downloadable app but the web based platform easily run on both mobile and desktop. The exchange boast of 100% security and high commission on all operations as well as low fees on transaction but the…

Pros
  • The platform is attractive, easy to use and navigate
  • It supports many flat currencies and a few major cryptos
Cons
  • It does not have mobile app
  • Transaction fee and withdrawal fee is above industry standard
  • Generally there are many negative comments about them lately
  • Some necessary analytical tool for profitable trading is missing on the platform

Revainrating 2 out of 5

Was there an exchange before where you had to send a picture of your private documents in KYC verification?

Among the crypto exchanges, some exchanges do not have self-praising articles about themselves, although they do have really useful features. However, I think that this type of stock exchange, which I will talk about now, is an exchange that praises itself and promises more than what it gives. For example, in the promotional article on the website of the exchange, it is said that it supports the currencies of 10 countries, but I used and tried the exchange, as a result I can say that 8…

Pros
  • Its design is beautiful.
  • It supports many currencies.
  • More advantageous exchange for users in South America.
  • Transactions are fast.
Cons
  • seems complicated to use.
  • I am concerned about security.
  • It's alarming to ask for pictures of documents in KYC verification.
  • The transaction fee seems high for small investors.
  • The support team is no different from the abandoned stock market, so it doesn't respond.
  • There are exchanges with better features.

Revainrating 3 out of 5

Bitinka Is a Latin American Cryptocurrencies Exchange Platform.

Bitinka is a digital assets trading platform that offers different ways of access Bitcoin and other cryptocurrencies using local Latin American Currency. It has servers operation in Argentina, Bolivia, Brazil, Chile, peru, venezuela and others Bitinka allow buying and selling of cryptocurrencies in nine different local currencies across America, Europe and Asia using MasterCard and bank transfer with more than 64 fiat pairs at a very low rate and affordable fee. All in one, Bitinka…

Pros
  • It has the biggest offer in Fiat pairs
  • It allow buying and selling in almost 10 different fiat currencies
Cons
  • It Provide service for some countries
  • Not Anonymous because it required personal information when deposit at bank
  • It verification process I somehow tuff

Revainrating 4 out of 5

Bitinka

This exchange platform has offices in multiple areas in Latin America and also focused on the European market, it is currently in the process of admitting a greater number of fiat currencies, it has a pleasant platform giving its users to understand that it is a platform that He knows what he is doing in the market since he has a lot of experience. It has a good list of cryptocurrencies and fiat currencies, which is attractive for multiple users. It has a simple registration, having the options

Pros
  • It supports the Fiat currency of the listed countries and a variety of popular cryptocurrencies.
  • Quick and easy registration, plus login with Facebook or Google history.
Cons
  • The bank deposit verification process is very strict, in addition to requiring several documents
  • it is limited to a low number of countries

Revainrating 4 out of 5

BitInka this is a very good cryptocurrency platform

BitInka this is a very good cryptocurrency platform in the crypto world this platform offers services to be able to exchange a large number of merchant currencies in the world some of these are Bitcoin, Ripple and Ethereum among others in the market these currencies are very good in the since they are a target market in the rest of the world, this platform is also available for trade in America, Asia and Europe. It has the highest demand for trade in the world with the fiat currency.

Pros
  • It is available to trade Bitcoin, Ethereum and Ripple among others
  • Available your service in America, Europe and Asia,
  • Manage fiat currency
Cons
  • Very high rates compared to the competition.

Revainrating 5 out of 5

Bitinka is a South American Bitcoin wallet.

BitInka is one of the biggest Bitcoin exchanges in South America. Its clients are able to trade in some of the mostpopular cryptocurrencies against their local currencies, as well as to make wire transfers from and to major banks. Coin-to-coin trading is also enabled.

Pros
  • Many fiat currencies supported.
  • Bank transfers.
  • Decent amount of altcoins available.
Cons
  • High trading & transfer fees.
  • Available in a limited number of countries.
  • Minimum deposit and order size set.

Revainrating 5 out of 5

bitINKA’s domicile country is Peru.

BitINKA was founded in 2013 by Roger Gabriel,who had the vision to bring cryptocurrency to the unbanked in South America and allow people to purchase cryptocurrencies in their local currency.BitINKA is more than a cryptocurrency exchange as they offer cryptocurrency wallet services for day to day finances in addition to buying and selling cryptocurrencies.The exchange has developed a strong reputation in South America and has even managed to partner with local banks, financial institutions, and

Pros
  • Cryptocurrency and wire transfert are available for deposit.
  • bitINKA’s security score is F.
Cons
  • Very high fees compared to the competition.
  • Primarily services South Americans rather than the entire world.
  • Limited tools and features on a trading platform.

Revainrating 4 out of 5

A local exchange with good design

Bitinka exchanges with offices in several parts of Latin America, it is also focused on the European market since it plans to admit more Fiat currency in the Exchange, I generally like its design, it is seen that the work team has experience in the market.   Several Fiat currencies or cryptocurrencies are a combination that any operator is looking for since this exchange acts as a local exchange but has projections in the European market for which its volume that is currently low, may even…

Pros
  • Its design is excellent in terms of its handling and aesthetics of the platform
  • exchange for Latin American and European countries
  • It supports Fiat currency of the countries listed and variety of popular cryptocurrencies.
  • Contains two-factor authentication for withdrawals
  • Easy and fast registration, in addition to logging in with Facebook or the Google story.
Cons
  • Your settlement is very low.
  • It has a large competitor in the Latin American region (localbitcoin)
  • u verification process for bank deposits is very strict, in addition to requiring several documents.
  • It is limited in few countries