Review on Bitexen by Olugbenga Ajayi
Bitexen is an exchange for Turkish speaking traders
Bitexen is a Turkish exchange that was established in 2017 by an engineer who has vast knowledge in fInancial services.
The exchange has on its market major cryptocurrencies like ethereum and Bitcoin and some stablecoin. It also has a native coin known as Exen which is an erc-20 from ethereum network.
The platform is not multilingual. It is designed in Turkish language which only mean that the exchange will only be suitable for people that speak the language.
The deposit method accepted are crypto currency and bank wire but let's not forget that the only flat currency supported is Turkish lira. In terms of transaction fee, it charges within the range of 0.15% -0.25% which is within the industry standard but it does not give it any competitive advantage over others given that there are other exchanges that charge lower in that region.
Pros
- The exchange support flat currency
- It is a multicurrency exchange that has on it's market major cryptos like BTC, Eth, USDT etc
- It support mobile trading
- Traders can earn discount when they hold native coin
- There is social presence on telegram
Cons
- It is majorly for Turkish region
- Liquidity is a bit low
