Header banner
Revain logoHome Page
Stephen Toluwani photo
Yankari
4 Level
271 Review
1184.5 Karma

Review on SBIT500 by Stephen Toluwani

Revainrating 4 out of 5

StandardBit500 needs to open it's doors to more investors from different parts of the world

An interesting exchange platform I have come across is the SBit500. They are an exchange and profit Unitarian exchange that prioritizes the use of algorithmic based evaluations to ensure maximum profit possible for it's users. In simpler terms, the platform collates a number of determining factors and then sorts them out to provide the best strategy for profit distribution SBit500 offers a CTF-like platform that uses the trading strategies of expert traders to determine and set out options for traders to choose from in order to begin generating a passive income from their Investment. An interesting way of letting your money work for you is why many users will be more endeared to using the platform. Though the use of its CTF comes with the need for user identity verification. Actually, SBit500 is more of a crypto exchange platform but instead of them sticking to the boring parts of exchanging cryptocurrencies for one another, the implementation of the CTF-like protocol for passive income earning is quite the banger for the project. They have been online for about two years now but recently opened it's forts for investors to come in this year, yet they still lack a lot. They lack liquidity and pairs, they also lack cryptocurrencies available to trade there but being new, much can still be expected of the platform so it's not a reason to loose hope. Strong security system is a given for the SBit500 platform. The wallets which the platform plays custodian of is said to be multi paralleled secured and the exchange also provides a domestic security scene for the users also. This exchange is all rose and diamonds for it's utility but it also comes with its pullbacks. One of my biggest concern for this exchange is its community. Among all it's social media accounts, the number of followers it has counts for nothing as compared to other mainstream of upcoming exchange platforms. This may be as a result of their total lack of exposure a d marketing which has kept investors away from seeing what is possible using the SBit500 for their passive income source. A good case example for their social media is the Telegram. They have no Telegram community group but instead uses an announcement channel instead. Even the announcement channel lacks members with my addition to the group bringing it to a round number of 40. This lack of direct communication and interaction for both the support and the investors respectively poses more of a problem in my view than their hidden profile. To compound, this exchange platform also limits access to a certain number of countries which I could not specify but you can try to open it's site and if your country is restricted, it will notify you. You can't be wrong using SBit500 but I would drop a suggestion for them, hopefully they take it. Increased support for more countries and languages will be much appreciated of the platform. Thank you!

Pros
  • Algorithmic based strategies for passive income earnings to investors is a given for this exchange. It is even a major reason why anyone will want to use the platform as they stand out with that single point of entry
  • Custodian and domestic security for funds stored in it's supported wallets
  • An affiliate program that pays one 5% of his/her referral profits. Quite enticing and incentivizing indeed
Cons
  • They lack exposure and direct communication with it's users
  • It limits the access of its platform to some countries. This is a major disadvantage because crypto community is very diverse and comes from many parts of the world
  • Number of cryptocurrencies supported on the platform is quite low