Pros
- Good
Cons
- No problems
BitForex Review
46
·
Followers 4
·
Average
Rating
3.8
Crypto Exchanges
Description of BitForex
BitForex is a Hong Kong-based cryptocurrency centralized exchange (CEX) founded in 2017. The exchange provides users with a safe, professional, and convenient transaction experience. The company is leading the trend of the digital asset industry by effectively providing a wide range of tools including Spot Trading, Perpetual Futures, Turbo Starter, Financial service, and more. BitForex will constantly adapt to new market needs with the continuous introduction of new features.
As of January 2023, over 300 projects are being offered at BitForex, serving over 6 million users with a worldwide presence in over 200 countries and regions. The independent operating teams are located in Germany, South Korea, Singapore, Russia, and more.
Pros
- BitForex is a typical representative of the new generation of crypto exchanges. To compete with strong players, they have to provide the most favorable conditions, in particular, to reduce the commission when trading as much as possible. Another required attribute is the presence of your own coin and trade mining.
- This is what explains such a high trading turnover at BitForex. Most of it was created by those who are trying to make money by mining BF Token.
Cons
- On the one hand, this is good, the exchange is becoming more famous, which stimulates the influx of new customers. On the other hand, most of the liquidity is concentrated in several crypto pairs. Because of this, it is difficult to gain the required volume for other pairs and this is a big problem for a platform that supports several dozen cryptocurrencies.
Pros
- Very safe
- Customer support team are efficient and helpful
- Friendly on telegram and active
Cons
- None
Pros
- Safety
- A well reputable exchange platform
Cons
- None
Pros
- Nice security features
- Fast transactions
- Its easy to use
- Nice user interface
Cons
- Non for now
Pros
- It has a processing mechanism that is very quick.
- It accepts a reasonable variety of payment options.
- It is now easier to roll out new tokens or currencies on the platform.
Cons
- Low liquidity.
- Lots of bot trading.
- Always listing low market cap tokens/coins.
Pros
- Assets and finances are accurately stored online in cloud storage.
- A large number of well-known companies and agencies have investments in the platform.
- The exchange is indexed to over one hundred and fifty virtual currencies and you can have over two hundred buy and sell pairs for buyers to take turns.
- The BitForex exchange has excessive liquidity.
Cons
- None
Pros
- The charges are low
- The trading interface is very simple
- The exchange has a good trade view
Cons
- The exchange teams are unknown
- The exchange is not very popular
Pros
- Novel trading structures, social trading and BitForex MT5.
- Apply cold wallet organizations for computerized money accumulating.
- Specific help reliably on the web.
- Option of portion strategy with credit and charge card for advanced monetary standards
- Maintained and seen by more than 150 countries in the world.
- The development of your trading window is throughout arranged and overhauled.
- Grants enlistment benefits for exchange token (BF) holders
Cons
- It is submerged with bots that communication orders.
- It is associated with the exchanges that report sham volumes.
- A huge piece of the withdrawal confirmation getting ready is incredibly late.
Pros
- Exchange
Cons
- Terms of trading
Pros
- safety
- interface is good
- High number of pairs to trade.
Cons
- nothing
Pros
- safe
- interface
Cons
- nothing
Pros
- Simple and very fast
- Trading fees work on a marker/talker structure
- Available on mobile App
- Support team is always available
Cons
- Not stated if US traders is allowed
Pros
- Deposit and withdrawal to the card by fiat mobile app
Cons
- none
Pros
- BitForex exchange has high liquidity.
- The exchange is listed with more than 150 digital currencies and over 200 trading pairs are available for traders to trade with.
- The security of the exchange has never once been breached which proves that the platform is one with high security.
- A number of popular companies and organizations have investments in the platform.
- Assets and funds are safely stored online in a cloud storage.
- BitForex features perpetual trading and stop trading options.
Cons
- There have been rumors about lack of transparency on the platform.
Pros
- It is a very popular exchange platform as it has over 3 million users
- It charges a moderate fee for trading and withdrawals
- The exchange platform holds a clean security record as it has never been hacked
- It stores its users funds offline, leaving it free from hackers
- Great transaction speed
- Has the investment of great companies
Cons
- The exchange platform has been accused of washing trades and volume manipulations
Pros
- It offers a wide range of services including token trading, margin trading.
- Over 200+ digital currency pairs.
- High volume and liquidity.
- Natural UI and a mobile trading app.
Cons
- Customer support somewhat delayed to react.
- Some pairs with zero volume.
Pros
- The exchange provides on of the best security for it's users funds by locking 98% of the funds in a cloud storage
- Bitforex features good trading view on its platform providing candlesticks and indicators which can be used for technical analysis when trading for both Beginners and Professionals alike
- The Exchange provides perpetual trading for it's traders
- Bitforex doesn't make KYC compulsory for it's users
- For smooth sailing on the platform, Bitforex offers a great User Interface on its platform
- High liquidity is offered on the platform from it's over 3 million registered users
- Moderate withdrawal and trading fees are offered on the exchange
Cons
- Even with the low trading fees offered, I feel Market makers shouldn't be made to pay fees
Pros
- It is worth noting that this exchange has its native token named BF, the cuel has a value of $ 0.002.
- presents a large number of registered users on the platform.
- It is available in more than 180 countries.
- owns its own token for rate discounts
- offers a large number of cryptocurrencies available
- Security is one of the most outstanding pluses, since the platform has insurance in case of any theft.
Cons
- There are different negative points that can be considered quite serious, one of them is the series of rumors that the volume number provided by this exchange is false, which personally I prefer to keep at bay and use other exchanges.
Pros
- Anonymous and fast transactions.
- It is among the best and most used worldwide
- Backed by Macro companies known worldwide
- High number of pairs to trade.
Cons
- Lack of promotions and incentives for its users
- The occasional complaint for the loss of crypto assets.
