Review on bitUSD by LUIS RIVERO R
Stablecoin, little used.
BitUSD is a cryptocurrency with stable price where the price is fixed 1 to 1 with the dollar, its only backup is the exchange, and where it is listed does not have a high volume of transactions. This asset does not have good reviews or valuation within the market, according to various sites the price is high, taking into account what this stablecoin represents, I do not recommend its use and I consider there are better options within the market. If you want to operate this asset, do it with great caution.
Updated 5 years ago
Rating changed from 1 to 3
Each digital asset is backed by an intelligent contract.
It generates liquidity since it is a platform for bithares loans.
Confusing trading platform for new users, this project is recommended for users specialized in trade and market speculation.
The problem with this token is that it lends itself to market manipulations within the exchange.
Pros
- Cryptoactive stable in price 1 to 1 dollar.
- Possibility of keeping our money in case of a bear market.
- You can borrow.
Cons
- Listed in few exchanges.
- Low liquidity
- Little volume in daily transactions.
- The only backup is the OL exchange.
- Negative comments or missing data about BitUSD
- lack of official technical data
