Review on BlueHelix Exchange (BHEX) by Killer Bean
HBTC exchange is the link between Centralization and decentralization by offering fast transactions, liquidity and security
HBTC exchange is a decentralized exchange powered by Blue Helix Technology, a company which is behind the creation of HBTC chain. HBTC exchange is a pretty much recent exchange which was launched in 2018. HBTC uses modern day and advanced technologies to make sure users have the best feeling possible while trading. I registered on this exchange after i discovered that there was some sort of partnership and listing between HBTC exchange and Revain itself. Registration on this exchange was very easy, there are two options to registration either by email or phone. I went for registration via phone since it seemed ti be the fastest method of recieving the verification code sent. After i registered, i was set to register but i was struck by the amazing interface that the exchange had to present. The trading interface was so dynamic, every cryptocurrency traded had there own updated prices by their side and this prices were moving simultaneously as soon as there was a price change. This exchange supports a wide range of cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Stellar, Ripple, EOS, NEO, TRON and other tokens and digital assets. To deposit i just had to put my transfer my coins from my own personal wallet to my exchange wallet as cryptocurrencies happened to be the only form of deposit. However, the exchange supported some fiat currencies such as USD, KRW, RUB, JPY, CNY only. Well, trading fees on this exchange was just like what most exchanges charge. HBTC exchange only charges a 0.1% flat fee for buyer and seller(makers and takers), there is usually a form of discount for users in various tiers(levels). The exchange now supports the Revain's own token, REV, thisight not have an effect now but with increased users on Revain daily, weekly, monthly and even yearly, traders on HBTC will continue to increase especially REV/USDT traders.
HBTC exchange with its technology aims to complete the gaps between decentralization and Centralization by combining the features of both in the exchange! HBTC all the way, i haven't made any withdrawal yet nor referral because I want to fully test out the exchange and update my review as time goes by.
Updated 3 years ago
Rating changed from 4 to 3
It cannot be denied that HBTC exchange, now known as Blue Helix Exchange is one of the best trading platforms you can come across as a trader. This is evident because, I have actually taken my time to read alot of reviews by different authors, all of which were emphasizing on the positive aspect of the exchange. Personally, I had encountered each and every positive features they talked about. Since the exchange claims to be backed by up to 56 investors, Huobi and OKEx exchange included, it is a guarantee that the exchange can be trusted. The exchange also has a nice trading interface though it's much better on a desktop, as there's a wider trading view. But since I had already experienced every positive aspect mentioned by reviewers, I decided to focus my review mainly based on the negative aspects which I encountered.
Being an exchange that allows for spot trading, margin trading, staking, OTC trading and even perpetual futures trading, HBTC provides one of the lowest fees in the cryptomarket, this cannot be argued. However, I was about to withdraw my TRX( because of the kind of trader I was) and I discovered that the minimum withdrawal amount for TRX was 500 trx, this is actually the kind of factors that scare small scale traders away.
The exchange being very successful has developed its own mobile application which can be downloaded from Google Playstore and Apple store for Android and iOS devices. Out of curiosity, I went to download the app but I wasn't really impressed, I had to uninstall and reinstall the app severally, which actually means that it's not completely suitable for mobile devices yet.
For this particular one, I don't know if I was the only one who encountered it but the exchange's KYC verification was very tedious, it was important since it was required for withdrawal. I had submit my details severally before it finally got accepted.
Normally, the exchange doesn't support buying and selling of cryptocurrencies with fiat currencies, although it allows for fiat for its OTC trading. Buying cryptos with OTC trading involves using a third party app called Banxa™ which wasn't okay by me since the exchange wasn't responsible for any losses incurred when using it, so I just had to stick to deposit and withdrawal via cryptocurrencies.
Though, it is an unavoidable factor, the exchange also doesn't do well in terms of its customer support services offered, most times, my complaints can take up to two days before recieving any response.
Not withstanding, HBTC exchange or Blue Helix Exchange is a very good exchange to use. Enjoy!!!!
Pros
- Registration process is simplified, no stress!
- This exchange has very fast transaction time
- The interface is unique and dynamic
- The Revain's token, REV got listed on the exchange meaning more investors from revain to HBTC
- Trading fees here is very nice and cost friendly
Cons
- I wasnt happy that the exchange only offered cryptocurrencies as the form of payment
