Header banner
Revain logoHome Page
bitforex logo

BitForex Review

46

·

Followers 4

·

Average

Revainrating 4 out of 5  
Rating 
3.8
Crypto Exchanges

View on AmazonView on ЯM

Description of BitForex

BitForex is a Hong Kong-based cryptocurrency centralized exchange (CEX) founded in 2017. The exchange provides users with a safe, professional, and convenient transaction experience. The company is leading the trend of the digital asset industry by effectively providing a wide range of tools including Spot Trading, Perpetual Futures, Turbo Starter, Financial service, and more. BitForex will constantly adapt to new market needs with the continuous introduction of new features. As of January 2023, over 300 projects are being offered at BitForex, serving over 6 million users with a worldwide presence in over 200 countries and regions. The independent operating teams are located in Germany, South Korea, Singapore, Russia, and more.

Reviews

Global ratings 46
  • 5
    9
  • 4
    25
  • 3
    9
  • 2
    2
  • 1
    1

Type of review

Revainrating 4 out of 5

Fast and very convenient exchange with coins

t_ The Bitforex exchange has a high-performance system capable of processing over one million orders per second. Also, the trading commission is charged only from those who absorb liquidity, these are those traders whose orders are executed at the market price. The commission is a very small percentage, those who create liquidity do not pay anything. Bitforex has its own coin, now it is being actively mined, due to which the exchange also demonstrates abnormally high rates of trading turnover.

Pros
  • Good
Cons
  • No problems

Revainrating 4 out of 5

My review on the BitForex crypto exchange

BitForex is one of a galaxy of new crypto-exchanges that appeared after the explosive growth of interest in crypto-assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets, and currently offers excellent trading conditions and support for the mass of coins. At the early stage of the exchange's existence, funding was obtained from Crypto Capital; in total, early investors invested about $ 20 million in the development of the platform. Team members

Pros
  • BitForex is a typical representative of the new generation of crypto exchanges. To compete with strong players, they have to provide the most favorable conditions, in particular, to reduce the commission when trading as much as possible. Another required attribute is the presence of your own coin and trade mining.
  • This is what explains such a high trading turnover at BitForex. Most of it was created by those who are trying to make money by mining BF Token.
Cons
  • On the one hand, this is good, the exchange is becoming more famous, which stimulates the influx of new customers. On the other hand, most of the liquidity is concentrated in several crypto pairs. Because of this, it is difficult to gain the required volume for other pairs and this is a big problem for a platform that supports several dozen cryptocurrencies.

Bitforex is a digital trading platform which trades assets comfortably by the provision of a very well organized and simple trading platform. The exchange has a very responsive interface which when trading, gives fast response to display. The number of crypto currencies supported in this exchange is very huge, I think this would have massively contribute to the trading volume and possibly liquid. The mode or method of security in this exchange is very tight. In a nutshell, I know this exchange…

Pros
  • Very safe
  • Customer support team are efficient and helpful
  • Friendly on telegram and active
Cons
  • None

BitForex is a cryptocurrency exchange platform in which users from around the globe can change and exchange different BitForex highly consider it's users, it's headquarters is in Singapore but it was registered in Seychelles. Currently it has alot of users in over one hundred and eighty six country around the world. When it was first established it received fundings from the crypto capital and other crypto investors,that invested over $20 million. It's core team members are from a well…

Pros
  • Safety
  • A well reputable exchange platform
Cons
  • None

Revainrating 3 out of 5

Bitforex exchange and trading platform

BitForex is an asset exchange platform that allows clients to change hands quickly and continuously. The platform also provides customers with a large number of cryptocurrency exchange options and trading companies with community experience on the platform. Blockchain, this platform accepts a lot of honest diagnosis. Virtual currencies such as Bitcoin, Litecoin, Ethereum and various amazing cryptocurrencies. The Singaporean employer also supports business in various parts of the leisurely Asian

Pros
  • Nice security features
  • Fast transactions
  • Its easy to use
  • Nice user interface
Cons
  • Non for now

Revainrating 3 out of 5

My personal point of view about BitForex crypto exchange.

BitForex offers a highly user-friendly experience for its customers and is capable of processing large numbers of orders per second. Even while it offers the opportunity to contact them directly and a large selection of cryptocurrencies at your convenience, it is a well-known exchange, and it has a feature that not many users appreciate: a list of exchange history. BitForex offers very competitive transaction fees, which are extremely appealing to certain customers but not others. Users who…

Pros
  • It has a processing mechanism that is very quick.
  • It accepts a reasonable variety of payment options.
  • It is now easier to roll out new tokens or currencies on the platform.
Cons
  • Low liquidity.
  • Lots of bot trading.
  • Always listing low market cap tokens/coins.

Revainrating 5 out of 5

BITFOREX CRYPTOCURRENCY EXCHANGE PLATFORM

BitForex is one in each of the cryptocurrency exchanges available in the international market in which shoppers from anywhere the globe were given to buy and promote virtual currencies, and considering the fact that its call in 2018, its sports have simply focused on presenting purchase and promote offerings to clients. On any platform, the most crucial element it truly is observed is that the male or female interface and that I'm able to say that the male or lady interface of the BitForex…

Pros
  • Assets and finances are accurately stored online in cloud storage.
  • A large number of well-known companies and agencies have investments in the platform.
  • The exchange is indexed to over one hundred and fifty virtual currencies and you can have over two hundred buy and sell pairs for buyers to take turns.
  • The BitForex exchange has excessive liquidity.
Cons
  • None

Bitforex is a cryptocurrency exchange platform based in the Philippines, with headquarters in Singapore and registration in the Seychelles. It was founded in June 2018.Its interface is simple to use and browse, with a nice layout and a variety of trading choices, including a variety of currencies and tokens offered in many pairs.Bitforex guarantees the greatest security to secure customers' assets, including holding 98 percent of users' funds in an offline strong authentication wallet, as well

Pros
  • The charges are low
  • The trading interface is very simple
  • The exchange has a good trade view
Cons
  • The exchange teams are unknown
  • The exchange is not very popular

Revainrating 3 out of 5

Forex trading and advanced cash exchange.

Celebrated crypto exchange that applies different trading methodologies, for instance, the forex market and as of now a novel social trading, in which bit forex is perceived by having a tremendous number of recorded crypto assets and various procedures for trading, yet by far most of them are by and large A bit of their trading things are modestly new, which may be inadequate, anyway due to their online assistance, the issue can be tended to quickly and shockingly in your flexible application.

Pros
  • Novel trading structures, social trading and BitForex MT5.
  • Apply cold wallet organizations for computerized money accumulating.
  • Specific help reliably on the web.
  • Option of portion strategy with credit and charge card for advanced monetary standards
  • Maintained and seen by more than 150 countries in the world.
  • The development of your trading window is throughout arranged and overhauled.
  • Grants enlistment benefits for exchange token (BF) holders
Cons
  • It is submerged with bots that communication orders.
  • It is associated with the exchanges that report sham volumes.
  • A huge piece of the withdrawal confirmation getting ready is incredibly late.

Revainrating 3 out of 5

Bitforex

BitForex is another such overseas cryptocurrency exchange (Seychelles). The exchange is one of six stock exchanges registered in Seychelles. In the email sent to users on October 23, 2019, BitForex announced that they now have more than 3 million users. The exchange also offers a good selection of trading pairs (92 different trading pairs) and very considerable liquidity. When this review was first published (October 2, 2018), BitForex had a 24-hour trading volume of US$315 million, making it…

Pros
  • Exchange
Cons
  • Terms of trading

Revainrating 4 out of 5

BitForex

Established and works from Sigapur, it is known and works in around 100 nations around the world, for its establishment it gotten budgetary bolster through speculation from Large scale companies recognized around the world who contributed more than 20 million dollars, it is another Trade includes to what I call commission war, in which each one needs or extraordinary to deliver a lower commission for exchanges. They attempt to donate a remunerate to clients for mining your BF token. Concurring…

Pros
  • safety
  • interface is good
  • High number of pairs to trade.
Cons
  • nothing

Revainrating 5 out of 5

BitForex

Bitforex is an trade to figure with when trying to find a money related showcase with numerous sets counting cryptocurrency sets, forex sets, records aand tokens. It is an trade that has picked up a parcel of liquidity in spite of the widespread. As at presently it is positioning among the best 10 and it's every day volume proceeds to compete unequivocally with other huge trades like Latoken, Binance, Huobi and others.  It offers limited time motivating forces frequently to win more…

Pros
  • safe
  • interface
Cons
  • nothing

Revainrating 4 out of 5

Bitforex exchange review

Bitforex crypto currency exchange platform is onone of the six exchanges registered in seyschelles and they have more than 3millon users,this platform offes a wide range of services including token tradings, margin trading and derivatives that t caters to beginner and professional traders. If you are looking for an exchange with a responsive mobile trading App and a platform that is responsive with advanced trading tools try bitforex today . Bitforex exchange maintains the highest security to p

Pros
  • Simple and very fast
  • Trading fees work on a marker/talker structure
  • Available on mobile App
  • Support team is always available
Cons
  • Not stated if US traders is allowed

Revainrating 5 out of 5

Exchange has been operating for a long time, fully legal

The exchange has been working since 2017, I have an account here since 2019. In general, the functionality of the exchange is quite bearable and no worse than the sites from the top 3. Exchanger works fast, this is one of its main advantages. This is one of its main benefits. Selling and withdrawing money can be made directly to the card, which is very convenient if the rate is creeping up or down quickly, helps you to earn yours at the right time your %. Also, I want to note that the exchange…

Pros
  • Deposit and withdrawal to the card by fiat mobile app
Cons
  • none

BitForex is one of the cryptocurrency exchanges available in the global market where traders from around the world can buy and sell digital currencies. Since its establishment in 2018, its operations has been fully dedicated to providing users with comfortable trading services. In any platform, the first thing that is noticed is the user interface and I can say that the user interface of the BitForex exchange is attractive enough, simple and very easy to use. The security of an exchange is…

Pros
  • BitForex exchange has high liquidity.
  • The exchange is listed with more than 150 digital currencies and over 200 trading pairs are available for traders to trade with.
  • The security of the exchange has never once been breached which proves that the platform is one with high security.
  • A number of popular companies and organizations have investments in the platform.
  • Assets and funds are safely stored online in a cloud storage.
  • BitForex features perpetual trading and stop trading options.
Cons
  • There have been rumors about lack of transparency on the platform.

Revainrating 3 out of 5

The Bitforex Exchange Platform Should Work On Their Transparency

The Bitforex is a cryptocurrency exchange platform that was launched in June 2018, based in Filipino, headquarterd in Singapore and registered in Seychelles. The exchange platform is a the well trusted type as it is registered, leaving users store their assets in a well secured platform. Another thing is the fact that it has never been hacked, making it a well trusted platform The Bitforex Exchange platform has its applications available on both the Android and IPhone operating systems and I…

Pros
  • It is a very popular exchange platform as it has over 3 million users
  • It charges a moderate fee for trading and withdrawals
  • The exchange platform holds a clean security record as it has never been hacked
  • It stores its users funds offline, leaving it free from hackers
  • Great transaction speed
  • Has the investment of great companies
Cons
  • The exchange platform has been accused of washing trades and volume manipulations

Revainrating 4 out of 5

A legit & safe trading platform.

The platform is a genuine crypto specialist co-op that is appropriate for retail and institutional customers. The platform offers a safe and straightforward commercial center to exchange Bitcoin and a wide scope of altcoins spot and interminable prospects contracts. The platform is intended for wellbeing with 98% of customer finances secured in cold storage wallets. Progressed trading tools and stage features are significant for any planned digital currency speculator. The exchange give a…

Pros
  • It offers a wide range of services including token trading, margin trading.
  • Over 200+ digital currency pairs.
  • High volume and liquidity.
  • Natural UI and a mobile trading app.
Cons
  • Customer support somewhat delayed to react.
  • Some pairs with zero volume.

Revainrating 4 out of 5

Bitforex Centralized Exchange; for every traders need

Bitforex is a centralized exchange that offers around 145 coins and over 200 trading pairs. The liquidity on the platform is around 13,000 Bitcoins value along with its large number of traders, the exchange has a good credibility score if you ask The fund protection mechanism on the exchange is the locking away of its user funds in a cold storage and the use of 2 factor authentication to protect the users fund The exchange provides low trading fee of 0.05% for both market makers and takers…

Pros
  • The exchange provides on of the best security for it's users funds by locking 98% of the funds in a cloud storage
  • Bitforex features good trading view on its platform providing candlesticks and indicators which can be used for technical analysis when trading for both Beginners and Professionals alike
  • The Exchange provides perpetual trading for it's traders
  • Bitforex doesn't make KYC compulsory for it's users
  • For smooth sailing on the platform, Bitforex offers a great User Interface on its platform
  • High liquidity is offered on the platform from it's over 3 million registered users
  • Moderate withdrawal and trading fees are offered on the exchange
Cons
  • Even with the low trading fees offered, I feel Market makers shouldn't be made to pay fees

Revainrating 3 out of 5

BitForex

BitForex is a Singapore-based cryptocurrency exchange platform present in more than 180 countries, one of the things that I am inclined to use this exchange for is the possibility of buying Bitcoin, Ethereum and USDT with my VISA or Mastercard credit card . This exchange has multiple pairs of cryptocurrencies available such as BTC, ETH, BCH, LTC, TRX and more. Another important feature of BitForex is its security, this is because most of its assets are insured in cold wallets. The motto…

Pros
  • It is worth noting that this exchange has its native token named BF, the cuel has a value of $ 0.002.
  • presents a large number of registered users on the platform.
  • It is available in more than 180 countries.
  • owns its own token for rate discounts
  • offers a large number of cryptocurrencies available
  • Security is one of the most outstanding pluses, since the platform has insurance in case of any theft.
Cons
  • There are different negative points that can be considered quite serious, one of them is the series of rumors that the volume number provided by this exchange is false, which personally I prefer to keep at bay and use other exchanges.  

Revainrating 4 out of 5

BitForex: Among the most used exchanges in the world

Founded and operates from Sigapur, it is known and operates in around 100 countries worldwide, for its foundation it received financial support via investment from Macro companies recognized worldwide who invested more than 20 million dollars, it is another Exchange adds to what I call commission war, in which each one wants or intends to give a lower commission for transactions. They try to give a reward to users for mining your BF token. According to statistics, more than 2 million merchants…

Pros
  • Anonymous and fast transactions.
  • It is among the best and most used worldwide
  • Backed by Macro companies known worldwide
  • High number of pairs to trade.
Cons
  • Lack of promotions and incentives for its users
  • The occasional complaint for the loss of crypto assets.