Review on BHEX Token by Pedro O. Alvino M.
Exchange with various trading markets in cryptocurrencies.
A platform with a wide variety of trading options in crypto assets, which in such a way covers a large section of cryptocurrencies from different blockchain networks and tokens, which can be traded both in the traditional Spot market, futures with leverage of up to 100X and margin trading. , where all, the commission for negotiation does not exceed 0.2% for both the taker and creator of the order.
As far as the market it has, it also adds a market for crypto assets of listed investment funds with excellent commercial movement, in addition to interface design, the different available markets have the same structure that for professional operators can be very simple. The perpetual futures market offers a simulation system, in which traders can use this market as a demo account through funds of the exchange's stable currency (BUSDT) that allows users with little experience to practice in this market. in a safe way.
As a result of the launch of its own blockchain chains by centralized exchanges, BHEX also has its own chain with a decentralized structure, which will act as a bridge for the integration of new projects that wish to join the exchange and at the same time for the development of applications in the chain, although the development of the roadmap for this project has not been updated.
In order to provide the necessary tools for operators and also for developers, it also enables a white label section for exchange development under the low-cost exchange scheme.
Given the high demand for decentralized financial services (DeFi) the exchange has several currencies available in one section in order to customize Spot trading, in which it also has a similar design to industry-based blockchain projects, But as for decentralized financial services, the exchange has not yet developed mechanisms based on its token and other crypto assets.
The exchange also has several programs regarding new project listings, a reference system, and a trading fee reduction program based on its BHC token, where it contains a section for levels that by means of the volume generated and the Holding the token will significantly decrease the trading fee.
The issue of exchange security covers all basic systems, such two-factor authentication by both Google and SMS, in which these must be activated manually since unlike other platforms that at least enable a basic security system, something that in the BHEX platform must be activated manually when starting the account to avoid security problems on the part of the user.
The current market offered by the BHEX platform is varied, so that it is equated with several exchanges in the top 10 by commercial volume, since it offers several commercial models in crypto assets, however, in terms of adaptability for users with little experience, it must have several help system and tutorial videos that can simplify doubts by users, so that the content covered by the exchange is extensive and it can be very difficult to understand the functionalities of the exchange in a short time.
Pros
- Provides a wide variety of popular and exotic cryptocurrencies with excellent trading liquidity.
- It is one of the few exchanges to integrate various markets for crypto assets and their derivatives
- It has its own launch program for new projects.
- Contains a program to reduce trading fees through trade volume and holding the exchange's token.
- It has its own chain with a decentralized cross chain model.
- Allows the creation and administration of subaccounts by the operator.
- Includes its own stablecoin.
- It has a demo version in the perpetual futures market.
Cons
- Much of the design of the exchange and commercial interface in the different available markets is not adapted for market beginners.
- The minimum withdrawal amount of various listed currencies is very high compared to other exchanges.
- The mobile application on android has several negative reviews and the iOS version is not yet available in the App Store.
- Methods of purchasing cryptocurrencies with limited fiat currency.
