Review on BW.com by Fanuel PORPORTY
To tell you the truth, I don't put too much trust in BW. First of all, this cryptocurrency exchange operates in China, which is a big red flag in itself.
B stands for Bit, the smallest unit of the information world. It also represents the blockchain technology and digital assets with Bitcoin being the most notable. W has two meanings, one is “World”, which represents BW’s vision to create a diverse and self-governing community through production, appreciation and circulation of digital assets; the other is “Wealth”, which represents BW's hope to share development achievements with platform users and investors through innovative business models, leading technologies, and participation of global communities. BW is mostly interpreted as “cryptocurrency network”. As one of the three famous mining pools in the early days, BW possesses the top-level global domain BW. COM and has millions of users, providing mining pool services of mainstream cryptocurrencies such as BTC, LTC, ETH, ETC, UBTC, SC, etc. to miners from 45 countries and regions. The BW mining pool has produced nearly 300,000 Bitcoins, 1.5 million Litecoins and nearly 2 million Ethereums, with a total value of more than 3 billion US Dollars. The current daily output of various digital currencies is still more than 1 million US Dollars. A considerable amount of output comes from self-operated mining machines.
Pros
- The platform is available on iOS and Android
- Transaction fees are 0.20% for makers and takers
Cons
- the platform does not support fiat deposits. Only cryptocurrencies are allowed.
- BW charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is slightly above the industry average, which is 0.000812 BTC per BTC-withdrawal.
