Review on Bits Blockchain by Naomi Ilani
I've Never Hated An Exchange Platform As Much As I Hate This One
HHonestly, there seem to be some exchange platforms on the blockchain network that don't want to succeed on their own. I'm saying this because they are not taking any measure not are they taking any step to ensure they come out as one of the best in the industry.
An example of such an exchange platform is the Bits Blockchain exchange platform. This is an exchange platform from Macao China and happens to be the only one from that place ( I guess that's the reason why the exchange platform is not making any significant improvement: because there's no competition). The exchange platform seems to annoy me and I thought it right to make a review about them.
The first thing I discovered about this exchange platform is the fact that they don't even have a user interface. Surprised? I was at first too. They make use of a simple order box instead of a beautiful and well designed user interface. Seeing this alone, I began to loose interest gradually.
The next thing I saw was the fees they charge. The Bits Blockchain exchange platform charge a flat trading fee of 0.5% 🤭. This happens to be quite annoying to me as some better exchange platforms out there with better user interface charges 0.1% while an exchange platform without any charges that much (5 times as much). Their fees are just too high, in fact, it's the highest I've ever come across.
The number of coins they accept was what I found next. The exchange platform seems to have a limited number of cryptocurrencies they accept for trading. This discouraged me too as I prefer having a wide range of cryptocurrencies to make my choices.
Looking at all its services, the only thing I enjoyed about the exchange platform is the fact that the exchange platform accepts Fiats which are the USD and EUR. Aside this, there's no other thing I enjoyed.
Pros
- The fact that they accept some Fiats is what makes me give them a 2 star rating
Cons
- Their fees are the highest I've ever seen on the blockchain network
- It's the first exchange platform I've come across without a user interface but makes use of a an order box instead of an interface
- The exchange platform has a limited number of cryptocurrencies for trading
