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Review on Bitsmo by Samuel Egbeido

Revainrating 3 out of 5

It best to be careful here, Bitsmo Exchange isn't straightforward

Bitsmo Exchange, which is regulated by the Estonian Financial Intelligence Unit, was established in 2018. The exchange is a fiat-crypto and crypto-crypto trading platform that allows both spot and margin trading. Bitsmo, being a centralized exchange, boasts around 10 million transactions per second, which is rather fast. Aside from speed, Bitsmo Exchabge also has bank-level encryption and anti-fraud technologies. Users may quickly convert their fiat dollars to cryptocurrencies thanks to a partnership between the exchange and Simplex. Aside from Simplex, the exchange collaborates with MODULUS, NewsBTC, and ShuftiPro. On CoinMarketCap, the exchange was labeled as Untracked Listing, and when I looked for the exchange's transaction volume, I couldn't locate it. On this exchange, it is best to trade with care.

Pros
  • It has nice security measures against fraud and hacking
  • The company has partnership with large companies
  • Fiat based transaction are possible here
Cons
  • Ut has been marked as Untracked listing on CoinMarketCap

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