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Revainrating 4 out of 5

BitMax...

BitMax describes itself as a Singapore-registered digital asset trading platform servicing retail and institutional clients across the globe. BitMax was formally launched in August 2018 with a mission to 'support financial market innovation and advancement of crypo economy through building upon a series of open and fair market rules to the liquidity of the overall market, enchance market depth, and support Blockchain structural optimization.' In 2019, BitMax attributes is growth in market…

Pros
  • The mobile application is easy to use
  • Provides excellent privacy
  • It is under the support of large industry
Cons
  • Does not support Fiat for deposits and withdrawal

Revainrating 4 out of 5

An exchange with lots of difference.

I like the overall mix of features, which includes margin trading, though not too much leverage, as a token rewards system that affects trading fees, as well as new coin airdrops for token owners and occasional other awards from brokers. The business field is pretty easy and understandable even for non-established traders. The difficulty is that only professional margin traders can miss certain order types and settings for more automated trading.

Pros
  • Decentralized servers.
  • Increased privacy.
  • Simpler integration with hardware wallets.
  • Faster and cheaper transactions.
Cons
  • The exchange has not insured crypto, however, so capital is at risk.

Revainrating 4 out of 5

Bitmax is the new generation of cryptocurrency trading platform

Bitmax is an emerging cryptocurrency exchange sponsored by many giants in the cryptocurrency industry, with the goal of becoming a new generation of cryptocurrency exchanges, Bitmax brings many advantages such as high security, low transaction and withdrawal fees, high security, 24-hour user support, is the first platform to support margin leverage up to x10

Pros
  • Exchanges have high security level, low transaction fee of only 0.04%, fast deposit and withdrawal time, excellent customer care system
  • Backed by many giants in the cryptocurrency industry
Cons
  • Because it is a new trading platform, itmax needs more time to attract users as well as traders

Revainrating 5 out of 5

Bitmax

Bitmax is in top 30 cryptocurrency exchange there, so cryptocurrencies available with almost all cryptocurrencies are listed, BTMX native token of bitmax have many use cases such as it will use for fee decrement, daily incentive reward, exchange fees also get to btmx holders Their ieo also gives considerable returns to their investors Bitmax also provides volatility cards to prevent losses Bitmax have real volume trading bitmax don't do wash trading

Pros
  • Fastest grown cryptocurrency exchange and have a good reputation in the community
  • Bitmax have real liquidity and so many cryptocurrencies listed on bitmax
  • Bitmax is only one exchange that provides margin trading of other exchanges token like BNB, KCS, HT and all
  • Bitmax have their own token BTMX holders get a considerable return of exchange holding means exchange gives their earning to btmx holders
  • Bitmax always burn their token, Bitmax exchange also provide mining, so users get incentive reward
  • Bitmax also provides initial exchange offering all ieo's have become most successful
Cons
  • They don't have any desktop/ Mac client also Android app crash sometimes
  • Bitmax provides a low margin for alts and only provides excellent for big
  • Only have dark interface need to be a lite version

Revainrating 4 out of 5

Exchange designed to attract traders.

This exchange platform is lately becoming popular among traders due to its characteristics, offering a fixed interest rate with an annual interest so that you can use borrowed money to trade. Its system is based on the internal BTMX token, being the biggest incentive for users of the platform, since they receive rewards or it is used to pay the different fees charged by the platform. Offering multiple incentives to different traders. Some of its most relevant features are: Reverse mining…

Pros
  • It has a high number of pairs listed.
  • Currently has a mobile application.
  • Mining service, when trading.
  • Leveraged trading, with interest
  • Easy to use .
  • Manual with features and frequently asked questions.
Cons
  • They do not accept fiat for deposits or withdrawals.
  • Because of the trade features it seems to be aimed at specialized traders.

BitMax offers transparency of transactions records, which provides the ever-necessary trust element. Its platform can endure high-performance output with a 24/7 model and access to transaction records. The tech-support offers security, high performance, and scalability. Advanced in-memory matching algorithms, asynchronous non-blocking read and write, distributed real-time messaging framework and other advanced technologies power BitMax. Other strong points are a smooth environment for trading

Pros
  • Bitmax is a cryptocurrency exchanged based on the combined Proof of Work and Proof of Stake. Features Based on the combined Proof of Work (PoW) and Proof of Stake (PoS), BitMax completely relies on the endorsement of all the participants to build out the new-age consensus community of blockchain ecosystem with decentralized and distributed autonomy. The distribution of production output has enabled BitMax to evolve from a centralized governance model to a completely new decentralized community-based distributed autonomous system.
Cons
  • in personal security there are only 2 safeguards, namely password login and google authenticator, and no password fund, anticode phising, and link to the phone number and I think it is very important for security of our assets. The lack of English support is worrisome. It is evidently clear that English is not the project’s native language, which may be a complicating factor in the marketing and PR campaigns. The objective should include engaging customers and clients in the Western civilization, as well. Overall, the project looks plenty good, but there are a couple of minor drawbacks. Its name sounds a lot like “BitMex,” which happens to be another trading platform. It could create confusions down the road.

BitMax is global operator of digital asset exchanges for diverse groups of clients from retail to institutions. The trading platform, architected by a group of Wall Street quant trading veterans, is designed for reliability and speed of trade execution, and ease of connectivity. Cardstack is a leap forward for blockchain at every layer of the software stack — providing a toolset that unlocks the potential of the decentralized Internet for everyone. High Performance – Institutional-level trading

Pros
  • The team behind BitMax is probably the biggest “positive” the project has right now. George Cao is the only Chinese member of the Upper 90 Investment Club. The upper 90 is an investment club and fund of 30 elites from all over the world, including global real estate, consumer, financial, and legal elites. George Cao is also one of the 12 directors of TCFA, the largest Chinese financial organization in the United States. Ariel Ling has 18 years of senior management experience in management consulting and finance, specializing in strategic planning, business development, budgeting, investment analysis, project management, and company operational efficiency. She has an in-depth understanding of capital market products (stocks, fixed income, foreign exchange) in financial services and the development of international banking strategic trends (M&A, market structure, regulatory reforms and their impact). It’s pretty clear that BitMax will be successful with the team behind the project. We do have our concerns about their current marketing efforts but it’s possible that the team are not too concerned with marketing rather building a working, functioning product. We’ve seen projects with terrible marketing achieve huge success. The experience that the team has should carry this project to fruition with no issues. Digital Asset Exchanges targeting institutional investors should be very lucrative as “smart money” enters the market in droves. Trillions of dollars held by large investment firms are waiting on the sidelines for a way to safely and easily manage their digital assets. They want in on the blockchain/cryptocurrency space but they need a safe way to do it and Bitmax is ready to help. Right now we simply don’t have enough research resources to highlight any standout “positives” regarding BitMax. We’ll be watching closely for updates from the team.
Cons
  • One glaring concern we have is the lack of English support when viewing several parts of the BitMax website including the Team page. When we took a look at the Whitepaper it was obvious that the language barrier is going to be hurdle for marketing this project to an English speaking audience. Not only have we seen a lack of marketing but the research resources available to us are pretty limited right now. BitMax is by no means reinventing what is already available. We couldn’t really see much of a “point of difference” when assessing the platforms advantages over potential competitors such as Binance, Kucoin, the list goes on. This may not be an issue if BitMax can capture a specific clientele but their marketing efforts would need to improve for that to happen. A couple of picky points here. The projects name “Bitmax” is extremely similiar to a leading trading platform called “Bitmex”. We aren’t sure if this was intentional but we hope they aren’t trying to ride the coattails of an already successful trading platform to try and capture a user base who aren’t sure which one they were originally intending on trading. We also found at least 2 other brands named “Bitmax”, unfortunately Google results for the Bitmax platform may be hindered by search listing competition.

BitMax works like a universal operator of crypto exchanges with a broad clientele base that ranges from large institutions to small retail investors. The project has the experience and knowledge backing of a brilliant group of entrepreneurs with extensive Wall Street expertise. The primary objectives of BitMax are to improve the reliability and speed of making trades while also making connections between secondary and primary uses much more manageable and smoother. The founders hope that…

Pros
  • Collaborative Ecosystem The end users can collaborate and share with one another to attain common objectives and also add value to the ecosystem. Some of the collaborative efforts include setting up the platform’s mining pool and also carrying out any ecological maintenance needed. Participative Forum Consumers independently and voluntarily take part in the planning and delivery of critical tasks like project voting, transaction mining and also decision making within the platform. It reinforces the power of the community in joint construction and ensures lasting adoption. Decentralized Platform BitMax is a public chain where all the downstream and upstream economic systems hosted on its blockchain will be empowered to attain further expansion within the autonomous digital economy. Smart Autonomous Agents BitMax will deploy smart programs, independent agents and also capitalize on the future growth of AI to run its operations in a self-sustainable manner while motivating participants via token ownership. -Team: Team has three main members: George Cao, Ariel Ling, and Han Liu. Team is highly appreciated because of their experience in asset management, investment, banking — finance. The experience, background and relationship of these 3 member have created the attraction from investment funds, which greatly affects the number of members on the telegram as well as create the “HYPE” of the project. -Idea: when number of ICOs is increasing day by day, the development of a Exchange is a noticeable idea. This is a potential investment if an exchange could meet the need of different type of user. + With the idea of ​​a decentralized and user-centric platform (serving different purposes for different objects and user groups). Putting the benefit of the prospect first is the key community development that BitMax offers. - Token Allocation: According to the mechanism that encourages future users to participate in the transaction - Funds: Some large funds behind BitMax include: Bitmain, FBG Capital, GBIC, Matrix Partners, Danhua Capital. The effect of these funds on the project is extremely significant
Cons
  • The platform currently does not support fiat currency, such as: RMB, JPY, KRW, - Team: Team has not had much experience in operating, managing crypto trading floors and blockchain. Teams need additional personnel in the field of blockchain and cryptocurrency - The same products and competitors: Trading floors are not so new ideas in the field of blockchain and cryptocurrency. Therefore, in the future BitMax will have a lot of competitors within the industry. Recently, there are two projects Bgogo and OceanEx are quite prominent when compared with BitMax. BitMax’s user-benefit strategy will certainly produce the effect, but in the long-term, it is unlikely that this strategy will succeed because of its entry into the industry and the adoption of a similar strategy from its competitors.