Review on QBTC by Vincent Michael
QBTC
Qbtc is Chinese Exchange that was created in December 2017. It has the opportunity to trade BTC, ETH, XRP, and other valuable cryptocurrency. It also has it native token that is a fork of Bitcoin the platform was developed by a Chinese investor who has made it possible for Chinese user's to trade there cryto currency without stress. The Chinese government also has approved this project giving it a good rating. The exchange has been in use for very long time now. It has been a competitive Exchange with other big Exchange
It's native token is been out of reach as the supply was not enough to meet the demand of the users. The price has been dropping drastically and was going into extinction. This started like a virus and with time is spread to the main Exchange. The Exchange was not able to complete transactions again, the liquidity was tempared with and the security level was drastically reducing. The platform was becoming unfavourable many Chinese investors have to withdraw their funds from this pl
Many people has complained that they couldn't withdraw their investment from this Exchange due to the fact that a improper update was made to the exchange which has made it difficult for investors to understand. The Google translator that helped many English men understand this platform was no longer functioning
The complaints where much and the team where not able to keep up with the activities they made a decision to close the exchange and apologise to the customers. But the funds of customers was not returned which was very disappointing. I will advise you to resist from this platform it no longer functioning
Pros
- It supports many cryptocurrency.
- It has it own native token.
Cons
- Price rate didn't reflect to the native token.
- The platform was not properly managed
- Many funds where held in the platform.
- Didn't last long as a good Exchange
- The liquidity became inactive.
