Review on Bitsoda by Thalhat Tee
Regulatory Policies had a negative effect on this exchange
Bitsoda exchange is a Seychelles registered exchange that allowed for smooth transactions of cryptocurrencies for fiat currencies or other cryptocurrencies. Launched in 2018, Bitsoda is actually a relatively new exchange which was supposed to be an exchange for the new generation. While the website is still accessible, I was shocked to hear that the exchange had ceased operations due to some regulatory policies. I checked out its social media platforms; Twitter and Telegram. On Telegram, the admin/owner of the group had a deleted account and the chat was no longer active with useful content. Even its Twitter account was suspended, this closure was a hard blow on the face for the users of Bitsoda.
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Pros
- No positive all to describe
Cons
- This exchange doesn't have any use again, its closed
- The telegram chat is in Chinese
