Review on Bitinka by Abraham Kaiful
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. What I mean is that an exchange with a transaction charge of 0.50 percent on makers and takers cannot claim to have a low fee. Furthermore, their 0.20 percent withdrawal charge, which is depending on the withdrawal amount, is far too expensive, especially when withdrawing a significant sum.
Furthermore, despite the fact that this exchange is still functioning at the time of this review, there are several unfavorable remarks from their investors that should not be ignored.
- It is in favor of fiat currency.
- It's simple to utilize the exchange.
- The transaction and withdrawal fees are both rather hefty.
- There isn't a mobile app for it.
