Review on BitMax by phuong cong
Bitmax is an exchange created to compete with Binance and Bitmex
Bitmax is a newly established cryptocurrency exchange in 2019 in singapore, although it has only been established for 1 year, it has listed a lot of coins on its platform. Many believe that it has been backed by bitmain in hopes of surpassing Binance and Bitmex. Bitmax's trading volume used to reach more than 10 billion dollars, although many organizations reported it was a fake volume but a lot of people paid attention to it.
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Pros
- Bitmax is a reputable exchange with the backing of the giant Bitmain, it has never had any hacks.
- Support trading margin with leverage x10
- The transaction fee of 0.04% is much cheaper than the current exchanges
- Referral program extremely preferential with each successful referral is awarded 10% fee
Cons
- Currently, Bitmax trading platform only supports 3 languages: Chinese, English and Korean
- The team does not have much experience operating the exchange
