Review on Bleutrade by Naomi Ilani
I Guess The Bleutrade Exchange Platform Has More Negative Than Positive Aspect
Bleutrade exchange platform is another exchange platform that was founded in the year 2013, old right, I've gotten to discover something about companies on the blockchain network. Most of the companies that have been in existence for a while doesn't gain popularity as much as those that are still new to the blockchain network but not too new. I feel the ones that have been in existence for too long brings up features that are already old and out of service to traders while the very new ones would still need some experience to become a bit better in what they do. And as for the ones that are moderately aged (especially those founded between the years 2015 to 2018), they seem to have what it takes to attract many traders. This principle of mine doesn't work for all companies as there are still some companies that were founded between those years and have either close down or are not doing too well, having just few traders on their platform and needing some improvements. The company, Bleutrade exchange platform is one which I can classify as the old ones due to its age (currently about 8 years). This exchange platform was founded in Brazil but there has been some announcement of the company's headquarters being shifted to Portugal or Malta (not too sure about that). The exchange platform looks like one that is not transparent and the fact that one don't know its exact place of residence supports that idea. Another statement that supports the fact that the exchange platform is not transparent is the fact that they didn't make mention of the founders and other people that are behind the exchange platform. All these makes using the exchange platform a very risky thing to do. Another thing that makes it even more risky is the fact that the exchange platform isn't even regulated. I would advice anyone that is scared of loosing funds like myself to stay away from this exchange.
I don't think there is an exchange platform that has just bad sides, I guess they should have at least one and the Bleutrade exchange platform seems to have some positive sides. An example is the fact that they have a wide range of cryptocurrencies pairs to trade. This would give the traders access to a wide range of options of cryptocurrencies to trade with. Another thing I've noticed about this exchange platform is that the fact that they have been in existence for long have made them get years of experience on how things work. This is proven by how nice their interface is and designed. I guess these are all the positive aspects I see in this exchange platform. As for security, there have been some reports of the exchange platform being well secured but I am yet to see any security feature that guarantees the security of users funds.
Moving to their trading services, the Bleutrade exchange platform offers their trading services for a flat fee of 0.25% which I find a bit abnormal. Although this is exactly the industry's average, I still don't feel comfortable with it as there are many other exchanges out there that charges much lesser than what they are charging presently. Another thing I don't really like about the exchange platform is their support team. This support can be gotten from only one means which is by using their support ticket. I guess they should diversify their means of getting help on issues that their users might have to discuss with them. Honestly, I wouldn't advice traders to use this exchange platform as there are many other exchanges that offer better services out there.
Pros
- They have a wide range of cryptocurrencies available for trading and purchase on their platform
Cons
- I feel traders using this exchange platform are taking a risk, this is because the company is yet to make mention of the people behind it's establishment and the fact that it isn't regulated would have traders funds completely gone when the company goes out
- Their fees when compared to other exchanges is high. This is because there are some exchanges that charges lesser than 0.25% as trading fee
- Their security system doesn't look too good to me
- Means of contacting their support team should be increased
