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.
24h Trading Volume133358.979 BTC
BitForex Exchange Review
Digital currency withdrawal fees are based on network costs.
Full list see here.
BitForex Deposit feesFree
BitForex Trading fees
Trading fees have a distinction of a “maker” fee or a “taker” fee.
Maker fee rate: 0 %
Taker fee rate: 0.05%
Accepted Payment MethodCrypto to Crypto only