Review on BitForex by Inioluwa Okedeji
BitForex: An Exchange Dedicated To Providing Comfortable Trading Services To Its Users
BitForex is one of the cryptocurrency exchanges available in the global market where traders from around the world can buy and sell digital currencies. Since its establishment in 2018, its operations has been fully dedicated to providing users with comfortable trading services.
In any platform, the first thing that is noticed is the user interface and I can say that the user interface of the BitForex exchange is attractive enough, simple and very easy to use.
The security of an exchange is also considered in a trader's choice of exchange. The BitForex exchange has never experienced any security breach since its establishment, making it reputable as a well secured exchange platform.
The developers are a team of experts and professionals qualified in mordern science and blockchain technology. The experience and skills of the developers has greatly impacted the success of the exchange and will still do more in taking the exchange to greater heights.
The BitForex exchange has millions of users worldwide which shows that the platform is a popular one. And in other to maintain and add for users to the platform the exchange must not be slack in this aspect else they'll lose there users and the number of new users added also will greatly decrease.
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.
New products
Comments (1)
January 19, 2021
I never any such issue with manipulation of fake liquidity generated by bots because I almost using exchange for our four years and trade almost every coin without any issue. If there is any type of manipulation recorded on the exchange then I would have spotted high spread slippage or even inability in execution of limit orders but it worked almost perfectly till today..
