Review on Bitsane by Gabriel Medina
Bitsane was a big scam
This was a cryptocurrency exchange with a nice and easy-to-use interface for both beginners and experts. Registration was easy and verifiably fast. We could trade both with cryptocurrencies and fiat currency. It was even compatible with hardware wallets. Security was well implemented with two-step authentication to give users confidence. We could access from a mobile device. Despite everything it had, it was not attractive enough for users because there was not much information and their social networks were inactive.
To a surprise, Bitsae ended up disappearing and left all its users without funds. In May 2019 he began to have problems withdrawing cryptocurrencies, then at the end of June of the same year they realized that it had all been a big scam. The cryptocurrency exchange completely deleted their social networks and it was not even possible to make direct communication with Bitsane support by email.
My recommendation is that we fully investigate the information of the cryptocurrency exchange that we are going to use so as not to end up being scammed as happened with Bitsane.
Pros
- It was an easy exchange to use due to its interface, it had good security implementations with two-step authentication, we could trade both cryptocurrencies and fiat currencies, the fees were attractive, and it was gaining popularity.
Cons
- The cryptocurrency exchange never presented solid information about its equipment, despite all its beneficial characteristics it ended up being a great scam. The exchange in May 2019 began to present failures in its withdrawals and they said it was a temporary inconvenience, however by the end of June both the exchange and the funds of the users who were there ended up disappearing.
