Review on Bitonic by Naomi Ilani
The Fees They Charge Seems To Be Unheard Of
Recent records has it that Bitcoin started in the country of Netherlands. I don't seem to believe this but records seems to claim it's true, leaving me with no other choice but to believe it. Another thing that seem to have made me believe this is the fact that the exchange platform I would be reviewing was established in the year 2012, 3 years after Bitcoin came into existence.
The exchange platform that would be my focus in this review is known as the Bitonic exchange platform. I'm quite sure you must have figured out the fact that the exchange platform hailed from Netherlands due to my early statements. The Bitonic exchange platform was known to be among the first exchange platforms on the blockchain network and seems to provide exclusive features for Bitcoin majorly.
Taking a close look at this exchange platform, I began to wonder why an exchange platform this old has not gained that much popularity and seems to have less traders actively making trades on their website. I later found an answer to this question of mine, one of which is their trading fee.
The Bitonic exchange platform unlike the other two exchange platforms I reviewed earlier seems to charge more than the industry's average of 0.25% and is proven by the fact that they charge a trading fee of 0.6% for both makers and takers of a trade.
Among other reasons, I feel the fees they charge was what scare traders away from the exchange platform.
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Pros
- I love the fact that the exchange platform has been in existence since the year 2012 leaving them with a whole lot of years of experience
Cons
- Their fees are considerably high
- Their user interface isn't too good
- Their coins seems to be limited as they focus on Bitcoins majorly
