Review on BlueHelix Exchange (BHEX) by Stephen Toluwani
The HBTC exchange, analogous to reliability, ease of use and tailored towards new traders
Many people today has come in between a world where cryptocurrencies have surged in interest and exchanges, reliable exchanges to be precise, are needed to help this budding enterprise and this is exactly where HBTC comes in, as a reliable exchange supported by many major names in the Crypto industry that helps bolster its imagery. My first on-hand experience with the exchange didn't look that pleasing at first because I went through the website of the exchange. It's exchange mobile application available for all device types is a more preferable option to use. Getting the mobile app for myself, I got to see how trading could be made a whole lot better using HBTC. The exchange looks to be more tailored to assisting new users or traders to settle in with the bustling business of cryptocurrencies; that is, trading and what there is.
In the areas of simplicity and ease of usage, the exchange allows newbies to get their hands on Crypto by integrating Banxa to buying of cryptocurrencies directly into their exchange wallet of the purchased coin. I was even surprised to see the number of Fiat the payment processor accepted, even NGN was not left out. This wide number of Fiats available will make the feasibility of buying Crypto through HBTC, a better and more soothing preference. Just like I said, the exchange is well tailored to newbies and even has a hand on guide to using the exchange. Being more than a noob in the Crypto market, I didn't really take time to see much but it seems it's more reflected towards usage of the HBTC exchange and some little information on cryptocurrencies in general. This guide is good and I feel is an appraised portion of this exchange.
Besides trading, there is staking. HBTC allows the staking of different cryptocurrencies, the only issue I have found with this platform in regards their staking is its unavailability. Though it's not something new, HBTC allows different staking types to fit the risk appetite of the user. Other than staking, I checked out other parts of this exchange, from it's Leveraged ETF Zone which I never had a prior knowledge of, this shows advancement in the exchange, also there are compacts of distribution in the crypto projects available on HBTC. A shy number of people might not regard this as anything but looking at it from a different view, this will help tailor one's outlook on a project and prospects for investment.
With OTC trading available, ease of getting in with cryptocurrencies is made easier though available Merchants are just trading Yuan but with more interest in the exchange soon, other pairs will be surely made available. There is also 30% fee rebates of referral fees, a source of good income which I have found useful in the recent days on different exchanges but with HBTC, I will be getting more than the normal 15% other exchanges offers.
In view of negative aspects found on this exchange, my major issue was found in the withdrawals; Amounts and fees. Using Tron as a case study, 500 TRX is minimum withdrawal. Though there are some coins with lesser amount required to withdraw and even less fees like Rev tokens which has a fee of just 3.48 REV-TRC20, I still feel that the withdrawal section of the exchange still needs some fine tuning. As one can note, the exchange has nothing bad in prospects and so is a great option for us all. I will 100% recommend this exchange to anyone, friends and enemies too. It beats out the rest of the exchanges I have always clinged myself onto.
Updated 4 years ago
Rating changed from 5 to 4
I can say I am among the many people who expected new updates for the HBTC exchange. The only thing I can regard as an update to this exchange is its name rebranding to BHEX which is analogous to its BlueHelix Group. You might be wondering what new updates I expected. Well they encompassed the area of more Third party counterparts for it's fiat on-ramp crypto purchase which they have directly failed to bring into achievement. I don't honestly see anything new to this update, the very same method of login, the interface, the fees, everything works very much the same and this makes me question the upgrade. An upgrade should have also opened up opportunities in other areas than just a nominal name change. All the same, I am still and always be a BHEX exchange user as the platform right from my fist impression has always impressed me with it's services. The community following they command is also a sure pointer to how much many of us enjoy using the exchange, am even a regular contributor to the community. All the great features of this exchange are still much inherent so if you are still into the exchange or even if you weren't, check my review, you will understand my appreciation for the exchange for it's services, security, assets, customer service etc.
Pros
- HBTC is an exchange that has the Support of many major names in the Crypto industry, so speaking of reliability, HBTC is very reliable enough for use
- On the exchange application, there is a guide that helps new users find their way around the exchange
- New investors and traders can get into the volatilities of cryptocurrencies even without owning one in the first place as HBTC has integrated the support of popular payment service Banxa to help facilitate purchase of cryptocurrencies with the local fiat values of the investor or trader. There is also support for OTC trading
- There is a spot for crypto stakings on the exchange providing passive income even to people with high risk adversity by offering different cryptocurrencies including stablecoins
- Users gets 30% of referral trade fee rebated
- There is a simple aggregation of different crypto projects to help distinguish according to their uniqueness on HBTC thereby helping even the novice traders
Cons
- A better way to interact with this exchange is through its application. The website of the exchange isn't really great for use
- Most of its staking products are usually sold out. This should be improved to help cater for people who prefer less risk exposure
- The Fiat OTC trade available on HBTC supports currently, only Yuan. Moreso, it also makes KYC compulsory
- Withdrawal limits and fees are quite high for some specific coins and tokens
