Review on Bitinka by SERDAR SEYLİYEV
Was there an exchange before where you had to send a picture of your private documents in KYC verification?
Among the crypto exchanges, some exchanges do not have self-praising articles about themselves, although they do have really useful features. However, I think that this type of stock exchange, which I will talk about now, is an exchange that praises itself and promises more than what it gives. For example, in the promotional article on the website of the exchange, it is said that it supports the currencies of 10 countries, but I used and tried the exchange, as a result I can say that 8 countries support the currency.
The design of the stock market looks beautiful painted in black. However, I think it may cause difficulties for beginner users because of the lack of language support.
One of the features that worries me a lot is that, unlike other such exchanges, it is mandatory to send an ID or passport picture in KYC verification. If we do not do this, the fact that we cannot register has negatively affected me. I think this system is not safe.
In addition, I think that transaction fees are very high, even though it happens quickly when trading with currencies in it. Small investors' assets can be hit hard.
As for the security system, as I mentioned above, I am concerned about my security and sorry for the situation.
While solving some of my problems with the stock market, you have to overcome everything on your own. Because I can say that the customer support team is definitely not responding.
Finally, there are negative comments on many platforms about this type of stock market. To be honest, I think it's a risky exchange, but whether you use it or not is entirely up to the users. Good luck.
Pros
- Its design is beautiful.
- It supports many currencies.
- More advantageous exchange for users in South America.
- Transactions are fast.
Cons
- seems complicated to use.
- I am concerned about security.
- It's alarming to ask for pictures of documents in KYC verification.
- The transaction fee seems high for small investors.
- The support team is no different from the abandoned stock market, so it doesn't respond.
- There are exchanges with better features.
