RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

InstantBitex

InstantBitex Exchange Review

Centralized

InstantBitex Overview

  • “Founded in 2018 by cryptocurrency trading experts, Instant Bitex is the premier U.K.-based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change.”

    (https://instantbitex.com/aboutus)

    InstantBitex Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      2159.984 BTC

      • InstantBitex Total Trading Pairs

        62

        • InstantBitex Margin Trading

          No

          • InstantBitex Deposit fees

            Free

            • InstantBitex Fiat Deposit

              None

              • Accepted Payment Method

                None

                • InstantBitex Native token

                  No

                  • Native token smart contract

                    N/A

                    • InstantBitex Trading Markets
                      • InstantBitex Stablecoins trading

                        InstantBitex Withdrawals

                        • Daily Withdrawal Limit

                          /

                          • InstantBitex Withdraw fees

                            BTC – 0.001 BTC

                            ETH – 0.005 ETH

                            LTC – 0.01 LTC

                            Full list of fees can be found here

                            • InstantBitex Withdraw fees discount

                              N/A

                              • Proof of Reserves

                                N/A

                                InstantBitex Exchange Rating Analysis

                                Last edit 25.07.2019

                                • InstantBitex claims to be registered in the UK and offers trading in almost 40 coins across 4 markets. As a matter of fact, even though the exchange reports more than $7M daily volume, there is no actual trading happening on the platform and most of the numbers are probably faked. There are countless reports in the BitcoinTalk forums, the Telegram group and various online forums claiming the exchange is not honoring withdrawals, and that upon making a request to withdraw funds the “admin has to confirm” it. The “admin” is CEO William Son, probably the only person working at the exchange, who has no profile picture on his LinkedIn profile and no prior experience – alongside zero information on him anywhere online. Taking into account all of the above, we strongly believe InstantBitex is a scheme designed to steal money from innocent users and implore anyone to stay away from it.

                                  InstantBitex IEO launchpad

                                  Stage Start date End date Fundraising
                                  Midascaps

                                  Midascaps

                                  Aug 2, 2019 - Aug 31, 2019 $2.25M

                                  InstantBitex Exchange Additional Information

                                    • InstantBitex Headquater

                                      United Kingdom

                                      • InstantBitex Establish date

                                        2018