Review on SENbit by Samantha Beatrice
My experience using Senbit exchange
Senbit exchange is a centralized exchange launched in Korea in 2018. It is a multicurrency exchange which deals various cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dash and so on, most of this cryptocurrency are traded against USDT, BTC and ETH, making the exchange kind of liquid. The exchange comes with an attractive and a dynamic interface which usually shows price change as they occur. Registration was easy, all i needed to do was to provide my mobile number or gmail and a string password, then i was sent my verification cide which i used to verify my account. The exchange is secured with the use of two-factor-authentification and cold wallet storage. The exchange usually charge a fee of 0.25% for every transaction, most traders consider the fee as expensive. I tried visiting the Telegram account of this exchange which provided below the page if the exchange and I discovered that it was not in existence any longer!
Pros
- Transaction is fast
- The interface is attractive and easy to use
- The exchange uses two factor authentication to protect users account.
Cons
- The telegram account no longer exists
- Transaction fee is high and exobitant
