Review on BitUBU by Praise Olagbadun
The BitUBU Exchange Platform Looks Like A Good One
The BitUBU exchange platform is one of the earliest exchange platforms in the industry, the reason for making this statement is because the exchange platform started its operation in the year 2019. The exchange platform also happen to be the youngest one I've ever seen.
The exchange platform happens to have originated from Turkey and seems to be having some nice features. It looks like a good exchange platform except for the fact that there has been some complaints of their withdrawal systems not functioning and poor support system. I can assure people of the fact that their support team is not perfect but can still be classified as a good one. But as for the withdrawal function, I can't really say as I haven't really checked it out, who wants to have his funds in the hands of an exchange platform??
The BitUBU exchange platform is one that targets the global market, although they have their concentration on the Turkish market. They have an ambition of providing a well secured, cheap and easy to use interface and has been able to make these possible through the multiple features they've put in place.
Starting with the security features, the BitUBU exchange platform has been able to protect their users funds with multiple security systems but the one in quite sure of is the fact that they store over 95% of their funds in a cold storage. This happens to be the most secured means of storing funds as hackers don't get access to funds stored offline.
As a means of making trades cheaper the BitUBU exchange platform has been able to set up a cheap trading fee for both Makers and Takers. Unlike many exchanges out there, the exchange platform doesn't charge a flat fee, although the difference isn't that much. They charge the Takers of a trade a fee of 0.1% and Makers are charged 0.09%, this happens to be a very competitive fee and seems attractive too. Finally moving to their ease of usage. The exchange platform has been able to make their platform as easy as it can be by making their platform easy to navigate through. They do this with the aim of capturing both experienced and new traders.
Pros
- The exchange platform charges very low for trading which looks like a really competitive fee
- They store more than 95% of their users funds offline
- Their interface has been simplified for easy usage
Cons
- There have been so many complaints of their withdrawal systems
- The exchange platform is still young and might lack some experience
