Review on Bitinka by Robiul Islam
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 different exchanges don't. Since the exchanges isn't appropriate for me, I have given a low rating. There are a few reasons why the rating isn't suitable for me.
First of all, I have not seen any exchange asking for KYC documents at the time of registration, there are many exchanges where KYC is compulsory but no one wants KYC documents at the time of registration.
Secondly, their customer support is very slow and quite limited as they only offer support through a contact form on their website or via email.
Thirdly, no doubt their trading platform is genuine, but they are not providing any services that make Bitinka exchange secure. There is a clear mark in the coinmarketcap, there may be obstacles to get withdrawal from this exchange.
Overall, Maybe many feel comfortable to trade here but I'm not in favor of submitting KYC documents and depositing funds here.
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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.
