Review on BitMax by Adedamola Adeniji
BitMax: An Exchange platform with You in Mind
BitMax is similar in features to many exchanges like it from Singapore. It was launched in August 2018 and it's available on two different domains.
The Brains behind BitMax are crop of highly experienced people in asset management, Banking and Finance
BitMax currently trades in a good number of cryptocurrencies. You will definitely find the Frontliners in the Crypto world on this exchange. It boasts of over 190 trading pairs and 40 different trading margin pairs.
It offers leverage trading to its users, an avenue they can borrow money from the exchange to buy cryptocurrencies at a very low interest rate. This for me is the strongest advantage trading on this exchange
In 2019 it launched two new products Bunny Card and Turtle card, both products allows you to benefit from betting on volatility of certain cryptocurrency within a given period of time.
Another major reason you should consider using BitMax is because of its withdrawal fee is cheap and fixed only varying from Crypto to Crypto.
Its deposit method which saw BitMax partnering with Simplex, an EU licensed payment processing company which provides BitMax with credit and debit payment solution, deposit via simplex is very cheap and quite fast taking between 10 to 30 minutes
With this amazing benefits you should think about BitMax when deciding which exchange to trade.
Pros
- BitMax is highly ranked among the lowest fees exchange, this made it very attractive to traders because it is fast and it's commission is cheap.
- Its interoperability is a major plus has it works well on mobile devices and web.
- BitMax's interphase is user friendly whether you are a newbie or pro user you will navigate through it easily.
Cons
- It currently lack a global reach, and that will stop many of its lovers to be discouraged
- BitMax is currently limited by the few language option on its platform, at the moment it has just three. This is a major minus in the multi-lingual world we live in.
