RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

InstantBitex

InstantBitex Exchange Review

Centralized

“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)

  • 24h Trading Volume

    3070.331 BTC
  • Establish date

    2018
  • Headquater

    United Kingdom

InstantBitex Exchange Review

  • InstantBitex Withdraw

    BTC – 0.001 BTC

    ETH – 0.005 ETH

    LTC – 0.01 LTC

    Full list of fees can be found here

  • InstantBitex Deposit fees

    Free
  • InstantBitex Trading fees

    0.1%

  • Accepted Payment Method

    Crypto to Crypto only
  • Native Token

    No
  • Margin Trading

    No

InstantBitex Exchange Score Analysis

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.