Review on BitParax Exchange by İlqar Agayev
My thoughts about BitParax Exchange
Hello there. The review I will write today will be about BitParax Exchange. BitParax is a crypto exchange created in 2019. First of all, I must say that this exchange has operated for a very short time and has stopped its activities. The reason for the closure of the exchange is most likely due to the fact that it is a fraudulent, as I could not find an official statement from the authorities about the closure of the exchange in any source. If we look at customer feedback about BitParax, we can see that the majority of customers were dissatisfied with this exchange.
Also, the biggest complaints about the exchange are about transaction fees. Therefore, I can say with certainty that the high transaction fees accelerated the bankruptcy of the exchange. When it was active, BitParax did not organize any events to increase the number of customers. Therefore, the low number of customers caused the daily trading volume of the exchange to decrease significantly. There is no information anywhere about the ways in which the exchange also protects users' assets. So I am almost sure that the exchange is fraudulent. The exchange is now out of business, that's why I'm reviewing it. But I will keep you informed of the innovations.
Pros
- I don't think it has a good side
Cons
- As a result of my research, I see this exchange as a fraudulent
- Exchange and website closed
- There was no event to attract people's attention
