RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

BitMax

BitMax Exchange Review

BitMax is a digital asset exchange / crypto exchange that serves the crypto space via no less than 62 active markets. A BitMax exchange review also reveals that they offer access to various cryptocurrency pairs. A blockchain-driven user-based value exchange system that enables improved efficiency, when it comes to organizational cooperation, seems to be at the heart of BitMax’s vision.

The website of this cryptocurrency exchange is available in more than one language, including English. A BitMax exchange review also reveals that beyond spot trading, they started to offer margin trading. The latter is an instrument of financial derivatives that can be used to leverage tradable assets to potentially increase profits. They also seem to offer OTC trading and what is called transaction fee mining – mining that is based on the controversial “Transaction Mining” model.

A BitMax exchange review also reveals that they have their own native utility token, namely BitMax Token (Ticker symbol: BTMX). It seems to be the primary unit of exchange at this digital asset trading platform. It has a total supply of 10 billion tokens. BTMX tokens can be obtained via transaction fee mining (as mentioned above) or through direct trading at BitMax via two currency pairs, namely BTMX/USDT and BTMX/BTC.

BitMax also offers a financial product that is based on cryptocurrencies or digital assets called, BitTreasure. In essence, it seems to be a form of digital asset lending that offers stable returns via a variety of token investment options, including more than one investment term (30 days, 60 days, 180 days).

  • 24h Trading Volume

    561300.173 BTC
  • Establish date

    2018

BitMax Exchange Review

  • BitMax Withdraw

    BTC – 0.0005 BTC

    ETH – 0.0025 ETH

    LTC – 0.001 LTC

     

    Full list here

  • BitMax Deposit fees

    Free
  • BitMax Trading fees

    0.04%

    0.1% for selling BTMX

     

  • Accepted Payment Method

    Crypto to Crypto only
  • Native Token

    Yes
  • Margin Trading

    Yes

BitMax Exchange Score Analysis

Bitmax is a Singapore based cryptocurrency exchange with good fee structure, a well-built website and prompt customer support, as well as a good number of supported markets. The team is public, with a moderately experienced CEO and other team members easily located online. The exchange has not insured crypto, however, so capital is at risk.