Review on GetBTC by Joseph Bello
GetBTC Exchange
GetBTC is an exchange platform for a single virtual currency which is BTC with only three trading pairs [flats currencies] for it. The fact that GetBTC trades only BTC has made it an exchange that doesn't serve as a spotlight to most investors since they can only trade a single crypto currency which is listed on almost all exchanges alongside with many other numerous virtual currency .
Traders shouldn't attach much importance/relevance to this exchange since it is consider as an exchange without any reasonable benefit or usefulness. What's the point in having an exchange that only allows you to buy and sell only one virtual asset and yet it still lacks more special trading features like the margin,OTC and leverage trading which helps one to earn massive profits,as traders would have possibly expected as it is focused on the BITCOIN market only.
Other traders might consider their 0.2% flat fee and 0.0005BTC withdrawal fee to be cheap but sincerely speaking these fees are rather too outrageous, paying such a fee charged by top exchanges while so other top exchanges even charge less than that for an exchange that is lowly optimized for traders and investors doesn't make any sense at all.
For now all operation on the exchange has been suspended, their site has be inactive for a while now without any trade transaction's..
Pros
- It has three language options
Cons
- Operations have been terminated
- Only Bitcoin can be traded
- Just three trade pairs are available
- Low optimization
- Frivolous fees
