BitForex Exchange ReviewCentralized
BitForex is a digital asset exchange / cryptocurrency exchange that was launched in June 2018. A BitForex exchange review shows that it is a company that is registered in the Seychelles with headquarters in Singapore, a popular destination for blockchain projects. It also shows that this digital asset exchange is served by independent operating teams in various countries and jurisdictions, including Hong Kong, Japan, Korea, Malaysia and the Philippines.
BitForex seems to enjoy the support of heavyweights such as Block VC, Genesis Capital, Node Capital, QTUM, TRON and other investors who are said to be well-known in the crypto space. They have reportedly provided funding in access of $20m at the beginning.
A BitForex exchange review shows that it is currently listed in the top 10 cryptocurrency exchanges by volume, doing business in a 186+ countries via 146 markets. They offer spot trading involving 300+ token or cryptocurrency pairs. In addition, they provide an opportunity to earn commission on transaction handling fees by referring people to their platform. Furthermore, they seem to make use of a fast, reliable and secure matching engine that is capable of processing 1.6 million orders per second. They also launched a new service offering that allows for self-service when it comes to the listing of tokens on the BitForex platform.
BitForex is not without controversy. A BitForex exchange review reveals that they are elsewhere being accused of creating fake volume, based on fake trades on a massive scale. If true, it is certainly not good for the crypto market, especially over the long-term.
BitForex Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
BitForex Total Trading Pairs
BitForex Margin Trading
BitForex Deposit fees
BitForex Fiat Deposit
Accepted Payment Method
BitForex Native token
Native token smart contract
BitForex Trading Markets
BitForex Stablecoins trading
Daily Withdrawal Limit
BitForex Withdraw fees
Digital currency withdrawal fees are based on network costs.
Full list see here.
BitForex Withdraw fees discount
Proof of Reserves
BitForex Exchange Rating Analysis
Last edit 25.07.2019
BitForex is a Fillipino based crypto currency exchange site. Bitforex offers a below average number of markets and an about average number of tradable pairs. BitForex offers a commission fee that is far below other competitors. Concerns for this project include a lack of public information on the team members and a lack of insurance in the case of a future hack.
BitForex IEO launchpad
|Stage||Start date||End date||Fundraising|
|Apr 16, 2019||-||Apr 30, 2019||N/A|
|Apr 16, 2019||-||May 24, 2019||$18.7M|
|Mar 15, 2019||-||Jun 30, 2019||S10M|
|May 12, 2019||-||May 14, 2019||1500 BTC|
|May 22, 2019||-||May 24, 2019||$3M|
|May 22, 2019||-||Jun 5, 2019||$30M|
|May 1, 2019||-||Jun 20, 2019||$15M|
|Oct 1, 2018||-||May 23, 2019||$55M|
|Nov 15, 2018||-||Feb 28, 2019||ETH 300K|
|Jan 2, 2018||-||May 30, 2019||$2.75M|
|Jul 10, 2019||-||Jul 14, 2019||$500K|
|May 24, 2019||-||Jun 3, 2019||$20M|
|Jul 17, 2019||-||Jul 20, 2019||$50M|
BitForex Exchange Additional Information
BitForex Establish date