Review on BITEXLIVE by Hasan Abbas

Introduction to the review

Hello to everyone. Today I will write to you about BITEXLIVE. BITEXLIVE is a crypto exchange created in Turkey. The purpose of the exchange's creation is to facilitate the work of people who trade cryptocurrencies and thus to expand its user base by spreading its influence to more people. One of the main goals of the exchange is to become a world famous and large exchange. This is an excellent goal and I think BITEXLIVE can reach these and other goals in a short time. Because the exchange does its job very well and professionally. For now, I cannot say that the user base of the exchange is very large, but according to statistics, the number of users is increasing rapidly. There are many reasons for this too, you will understand these reasons when you read the rest of my review. BITEXLIVE carries out a very good strategy and the purpose of this strategy is to increase people's interest in the exchange.



BITEXLIVE's website and registration process

When we enter BITEXLIVE's website, we are greeted by a very nice interface, I can even say that this interface is more beautiful and attractive than many exchanges. It is very easy to register on the site and we do not waste any time (in addition to this information, I would like to say that the exchange is very easy to use, I even believe that BİTEXLIVE is one of the most suitable exchanges for beginners). We can only register on the exchange using our email. But there is one feature I don't like here, which is the phone number cannot be used to register. This feature is available on many famous cryptocurrency exchanges and I think the phone number registration feature could be a good update to increase the satisfaction of new users and attract more people. After registration, a verification link is sent to our e-mail. After verifying our account via this link, we can now log in to the exchange.



A short information about security

Every time we want to log in, a verification code is sent to our e-mail. This is a pretty good feature in terms of security and makes it harder to hack the account even without 2FA verification. However, each user can activate 2FA from the settings section, that is, 2FA verification is also available in BITEXLIVE, many people like me do not want to trade in the stock market where this verification is not available. In addition, users' assets are protected by the latest technologies, which reduces the risk of theft of assets to the lowest level. According to my research, no cyber attacks have been made on BITEXLIVE so far.



Fees on BITEXLIVE

According to statistics, the transaction fees on this exchange are well below the average. The average withdrawal fee of BTC is 0.0008 BTC, but in BITEXLIVE this fee is 0.0005 BTC. In addition, according to statistics, exchanges charge an average of 0.25 % for each transaction, but the fee in BITEXLIVE is 0.20 %. As we can see, the exchange charges very low fees from its users, which increases the interest of more people in the exchange. This is another proof of what an excellent strategy execution by the exchange.



Deposit methods, trading pairs and daily trading volume on BITEXLIVE

At the time of writing this review, only 36 trading pairs were available on BITEXLIVE with a daily trading volume of $8,134,714. This is a very low indicator and I think it is among the things that need to be updated urgently, so at least the stock market should keep these numbers closer to the average in order to attract more people. There are not many deposit methods in the stock market. It is possible to invest in only a limited number of cryptocurrencies and bank transfers. In my opinion, if BITEXLIVE wants to become a global exchange, some deposit methods such as credit cards should be added. In addition, the fact that it is possible to deposit only TL via bank transfer reduces the interest of people from other countries in this exchange.



I hope the developers will consider my ideas and make some updates to BITEXLIVE as soon as possible. Finally, I would like to say that BITEXLIVE is an excellent exchange for beginners and people who love simplicity. In addition, thanks to the highest level of security, you can easily and safely invest your assets in this exchange and trade. I am sure that BITEXLIVE will develop further and become one of the world's most famous stock exchanges as soon as possible. That's all for now, thank you so much for taking the time to read.