Review on BitMarket by Orlando Antonio
BitMarket
BitMarket is the representation of a cryptocurrency exchange where the most prominent and used trading pairs were LTC and BTC, this exchange house did not admit deposits or transactions with fiat currencies on its platform and did not have trades with USDT. The exchange was the victim of a hack that it suffered in 2017 and since then it brought extreme consequences for users on its platform, who were notified in advance of the closure of the cryptocurrency trading site and to take their measures and precautions.
BitMarket closed its doors to users due to the lack of liquidity in its platform, and until now it does not have any access to the platform of its website. Bitmarkets turned out to be a free and open source decentralized online marketplace that uses the bitcoin cryptocurrency to exchange with other digital assets such as LTC and PLN, offering its users a flexible commission system, and was considered a project with the highest specialized cryptocurrency trading platform in Europe and Poland.
Pros
- The exchange operates with 6 cryptocurrencies on its platform and 6 pairs of exchanges between them.
- The currency most exchanged on this platform is LTC followed by BTC.
Cons
- BitMarket does not support currencies such as USDT and fiat currencies on its exchange platform.
- The BitMarket exchange house has stopped working due to the loss of liquidity.
- Completely inactive website.
- It ceased its trading operations on the platform.
