Review on Instant Bitex by Danh Huỳnh Ngọc Công
Instant Bitex is a quite average cryptocurrency exchange where traders can…
Instant Bitex is a quite average cryptocurrency exchange where traders can normally sell or buy coins/tokens but they may not be impressed with the design, KYC process, and typo mistake. The risk of exit scam on this exchange may be low as it is regulated in The U.S.
Updated 5 years ago
Rating changed from 3 to 2
Negative point: They have not released a native app for traders to trade anywhere they want using mobile devices
Pros
- - This exchange is regulated by U.S. government - A referral program is available to encourage the users - Monitoring the trading is very easy - There is no minimum deposit amount - Strictly requirement for withdrawal - Trading with fiat is available
Cons
- - Very low volume is a big minus to this exchange - The team is not reliable as they usually fail to keep their promises. One of the biggest lies is that they said to buy back the exchange native coin with a high price but nothing did happen. Even though the users contact with the support or the leaders, they still keep silent - The design is very basic and not attractive. - The registration process does not require the user to create a strong password to secure their account - It is super hard to complete a KYC on this exchange as the site is very glitchy and the instruction is not clear enough - Authenticator enabled account is a requirement for this exchange which is not so convenient to the users who do not need this level of security - No stop-loss or market option is available - There are a lot of typo mistakes on their websites
