Review on Bytex by Isaac John
Review on Bytex exchange.
Bytex exchange, just other exchanges is a crypto currency exchange that was released from Singapore. This platform is not the first nor would it be the last trading platform, ever to come from Singapore.
Bytex exchange came into limelight in the year 2018, it was created with some good features and its unique pattern of trading. One of such features is that, it doesnt trade with fiat currency, only cryptocurrency. Making it almost impossible for New crypto investors to trade on it.
The trading fees in this platform is the same for both the takers and makers, which is very low when compared to the global industry average fees. The trading fees is called "flat fee model" which is 0.10%. When it comes to transaction fees, most exchange usually charge low trading fees, but when it comes to withdrawal fees, they increase the charge. But the case is different with Bytex exchange. It doesn't even charge any withdrawal fees. All they charge is network fees , which will help to facilitate the transaction.
However, As of 2019, I tried to access this platform, but it was unavailable. Now, users cannot longer trade on the platform. It is now closed.
Pros
- Their trading fees is lower when compared to the global industry average fees.
- Doesn't charge withdrawal fees, only network fees.
Cons
- Bytex exchange is not available.
- Not a supportive platform anymore for trading.
