Pros
- The mobile application is easy to use
- Provides excellent privacy
- It is under the support of large industry
Cons
- Does not support Fiat for deposits and withdrawal
Pros
- Decentralized servers.
- Increased privacy.
- Simpler integration with hardware wallets.
- Faster and cheaper transactions.
Cons
- The exchange has not insured crypto, however, so capital is at risk.
Pros
- Exchanges have high security level, low transaction fee of only 0.04%, fast deposit and withdrawal time, excellent customer care system
- Backed by many giants in the cryptocurrency industry
Cons
- Because it is a new trading platform, itmax needs more time to attract users as well as traders
Pros
- Fastest grown cryptocurrency exchange and have a good reputation in the community
- Bitmax have real liquidity and so many cryptocurrencies listed on bitmax
- Bitmax is only one exchange that provides margin trading of other exchanges token like BNB, KCS, HT and all
- Bitmax have their own token BTMX holders get a considerable return of exchange holding means exchange gives their earning to btmx holders
- Bitmax always burn their token, Bitmax exchange also provide mining, so users get incentive reward
- Bitmax also provides initial exchange offering all ieo's have become most successful
Cons
- They don't have any desktop/ Mac client also Android app crash sometimes
- Bitmax provides a low margin for alts and only provides excellent for big
- Only have dark interface need to be a lite version
Pros
- It has a high number of pairs listed.
- Currently has a mobile application.
- Mining service, when trading.
- Leveraged trading, with interest
- Easy to use .
- Manual with features and frequently asked questions.
Cons
- They do not accept fiat for deposits or withdrawals.
- Because of the trade features it seems to be aimed at specialized traders.
Pros
- Bitmax is a cryptocurrency exchanged based on the combined Proof of Work and Proof of Stake. Features Based on the combined Proof of Work (PoW) and Proof of Stake (PoS), BitMax completely relies on the endorsement of all the participants to build out the new-age consensus community of blockchain ecosystem with decentralized and distributed autonomy. The distribution of production output has enabled BitMax to evolve from a centralized governance model to a completely new decentralized community-based distributed autonomous system.
Cons
- in personal security there are only 2 safeguards, namely password login and google authenticator, and no password fund, anticode phising, and link to the phone number and I think it is very important for security of our assets. The lack of English support is worrisome. It is evidently clear that English is not the project’s native language, which may be a complicating factor in the marketing and PR campaigns. The objective should include engaging customers and clients in the Western civilization, as well. Overall, the project looks plenty good, but there are a couple of minor drawbacks. Its name sounds a lot like “BitMex,” which happens to be another trading platform. It could create confusions down the road.
Pros
- The team behind BitMax is probably the biggest “positive” the project has right now. George Cao is the only Chinese member of the Upper 90 Investment Club. The upper 90 is an investment club and fund of 30 elites from all over the world, including global real estate, consumer, financial, and legal elites. George Cao is also one of the 12 directors of TCFA, the largest Chinese financial organization in the United States. Ariel Ling has 18 years of senior management experience in management consulting and finance, specializing in strategic planning, business development, budgeting, investment analysis, project management, and company operational efficiency. She has an in-depth understanding of capital market products (stocks, fixed income, foreign exchange) in financial services and the development of international banking strategic trends (M&A, market structure, regulatory reforms and their impact). It’s pretty clear that BitMax will be successful with the team behind the project. We do have our concerns about their current marketing efforts but it’s possible that the team are not too concerned with marketing rather building a working, functioning product. We’ve seen projects with terrible marketing achieve huge success. The experience that the team has should carry this project to fruition with no issues. Digital Asset Exchanges targeting institutional investors should be very lucrative as “smart money” enters the market in droves. Trillions of dollars held by large investment firms are waiting on the sidelines for a way to safely and easily manage their digital assets. They want in on the blockchain/cryptocurrency space but they need a safe way to do it and Bitmax is ready to help. Right now we simply don’t have enough research resources to highlight any standout “positives” regarding BitMax. We’ll be watching closely for updates from the team.
Cons
- One glaring concern we have is the lack of English support when viewing several parts of the BitMax website including the Team page. When we took a look at the Whitepaper it was obvious that the language barrier is going to be hurdle for marketing this project to an English speaking audience. Not only have we seen a lack of marketing but the research resources available to us are pretty limited right now. BitMax is by no means reinventing what is already available. We couldn’t really see much of a “point of difference” when assessing the platforms advantages over potential competitors such as Binance, Kucoin, the list goes on. This may not be an issue if BitMax can capture a specific clientele but their marketing efforts would need to improve for that to happen. A couple of picky points here. The projects name “Bitmax” is extremely similiar to a leading trading platform called “Bitmex”. We aren’t sure if this was intentional but we hope they aren’t trying to ride the coattails of an already successful trading platform to try and capture a user base who aren’t sure which one they were originally intending on trading. We also found at least 2 other brands named “Bitmax”, unfortunately Google results for the Bitmax platform may be hindered by search listing competition.
Pros
- Collaborative Ecosystem The end users can collaborate and share with one another to attain common objectives and also add value to the ecosystem. Some of the collaborative efforts include setting up the platform’s mining pool and also carrying out any ecological maintenance needed. Participative Forum Consumers independently and voluntarily take part in the planning and delivery of critical tasks like project voting, transaction mining and also decision making within the platform. It reinforces the power of the community in joint construction and ensures lasting adoption. Decentralized Platform BitMax is a public chain where all the downstream and upstream economic systems hosted on its blockchain will be empowered to attain further expansion within the autonomous digital economy. Smart Autonomous Agents BitMax will deploy smart programs, independent agents and also capitalize on the future growth of AI to run its operations in a self-sustainable manner while motivating participants via token ownership. -Team: Team has three main members: George Cao, Ariel Ling, and Han Liu. Team is highly appreciated because of their experience in asset management, investment, banking — finance. The experience, background and relationship of these 3 member have created the attraction from investment funds, which greatly affects the number of members on the telegram as well as create the “HYPE” of the project. -Idea: when number of ICOs is increasing day by day, the development of a Exchange is a noticeable idea. This is a potential investment if an exchange could meet the need of different type of user. + With the idea of a decentralized and user-centric platform (serving different purposes for different objects and user groups). Putting the benefit of the prospect first is the key community development that BitMax offers. - Token Allocation: According to the mechanism that encourages future users to participate in the transaction - Funds: Some large funds behind BitMax include: Bitmain, FBG Capital, GBIC, Matrix Partners, Danhua Capital. The effect of these funds on the project is extremely significant
Cons
- The platform currently does not support fiat currency, such as: RMB, JPY, KRW, - Team: Team has not had much experience in operating, managing crypto trading floors and blockchain. Teams need additional personnel in the field of blockchain and cryptocurrency - The same products and competitors: Trading floors are not so new ideas in the field of blockchain and cryptocurrency. Therefore, in the future BitMax will have a lot of competitors within the industry. Recently, there are two projects Bgogo and OceanEx are quite prominent when compared with BitMax. BitMax’s user-benefit strategy will certainly produce the effect, but in the long-term, it is unlikely that this strategy will succeed because of its entry into the industry and the adoption of a similar strategy from its competitors.
