Review on Bitsdaq by Naomi Ilani
Bitsdaq In Collaboration With Bittrex
TBitsdaq is another cryptocurrency exchange platform I just got to discover via the Revain team. This exchange platform is one that was established in Hong Kong. This exchange platform has been able to gain its popularity majorly due to its partnership with Bittrex, an exchange platform that has been in existence for some years now. This exchange platform also seems to offer nice services to traders and I guess that also has contributed greatly to its popularity and has made it one of the most popular exchanges in Hong Kong and Asia generally.
Security is one thing the Bitsdaq exchange platform seems to prioritize. This is proven by the fact that the exchange platform has put some security features in place, they do this to avoid incessant hacks and breaches in their security. Some of these security features includes the 2 Factor Authentication which gives access to a traders account after verification of a number from an authenticator application. Another means of protecting their platform is the manner in which they handle their keys. This is because they first have their wallet keys fragmented into small parts after which they get distributed into various parts. They also make use of the CloudFlare and DOS protection. These multiple security features gives traders enough confidence in the exchange platform.
The exchange platform also has its own token, which is known as BQQQ. This BQQQ is an Ethereum based token, over the course of exploring this exchange platform, I am yet to find any use case for this BQQQ token and I think it shouldn't be so because most exchanges have a token for the sole purpose of using it in multiple cases some of which includes reduction of trading fees and staking services but in yet to find any of these features for the BQQQ token. All in all, I just love the fact that this exchange platform was wise enough to have partnered with one of the biggest and most popular exchanges in the world, Bittrex, and I feel with this,they would be achieving great things soon.
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Pros
- The Bitsdaq exchange platform partners with one of the biggest exchanges in the world, Bittrex which would help the exchange gain popularity or recognition soon
- The exchange platform has been able to implement multiple security features which would help to protect users funds
Cons
- Their token BQQQ seems to have absolutely no use case
