Review on RightBTC by Sudais Quadri
RightBTC
RightBTC Exchange was launched in 2014 in Kuwait. The exchange offers trading features like Limit and Stop orders and even derivatives trading but not margin nor OTC trading, though the amount of leverage given isn't indicated but surely it should be in the range of 2 and 100×. The exchange actually has a high trade volume but i haven't come to trust this exchange. On the telegram group, some of the users are actually complaining about the withdrawal where some users had to wait for several days before seeing their withdrawals. This actually refrained me from registering on this exchange. The telegram isn't even that active, they even had their last post in Twitter on November 2020, it surprised me that the exchange still used to trade and it has a $4,300,000,000 trading volume. The publicly accessible information about the exchange is limited, i had to research alot about this exchange before coming up with this review. The exchange uses SSL encryption, two-factor-authentification and even cold storage to store funds securely. The fee structure and the mobile app will be the point of my update in this exchange.
Pros
- The user interface is okay and nice
- The liquidity is very deep in the exchange
- The exchange trades multiple cryptocurrencies
- The trading fee is cheap
Cons
- Margin trading and OTC are not done here
- Little publicly accessible information about the exchange
- Some users are complaining about the delay in withdrawal
