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

      432.413 BTC

      • InstantBitex Total Trading Pairs

        19

        • InstantBitex Margin Trading

          No

          • InstantBitex Deposit fees

            Free

            • InstantBitex Trading fees

              0.1%

              • InstantBitex Fiat Deposit

                No

                • Accepted Payment Method

                  None

                  • InstantBitex Native token

                    No

                    • Native token smart contract

                      N/A

                      • InstantBitex Trading Markets
                        • InstantBitex Stablecoins trading

                          InstantBitex Markets Data

                          Market Price Volume(24h) Change(24h) Last update
                          ATCC/BTC Ƀ 0.00000059 ATCC 0

                          Ƀ 0.0

                          0.00%

                          2019-09-14 16:39:15
                          BTC/USDC USDC 9,916.65 Ƀ 71.09

                          USDC -4.09

                          -0.04%

                          2019-09-23 14:26:18
                          BTC/USDT ₮ 9,934.49 Ƀ 191.37

                          ₮ 1.80

                          0.02%

                          2019-09-23 14:27:12
                          BTG/BTC Ƀ 0.001017 BTG 37,016.3

                          Ƀ 0.000010

                          0.99%

                          2019-09-23 14:27:12
                          DASH/BTC Ƀ 0.008997 DASH 6,229.72

                          Ƀ -0.00029

                          -3.16%

                          2019-09-23 14:23:28
                          DOGE/BTC Ƀ 0.00000026 DOGE 16,284,126.5

                          Ƀ -1.0e-8

                          -3.70%

                          2019-09-23 14:24:42
                          EOS/BTC Ƀ 0.0003816 EOS 93,388.0

                          Ƀ -0.0000082

                          -2.10%

                          2019-09-23 13:46:42
                          ETC/BTC Ƀ 0.0006002 ETC 95,097.7

                          Ƀ -0.0000057

                          -0.94%

                          2019-09-23 13:36:45
                          ETH/BTC Ƀ 0.02115 Ξ 799.99

                          Ƀ -0.000046

                          -0.22%

                          2019-09-23 13:38:56
                          ETH/USDC USDC 209.85 Ξ 1,111.01

                          USDC 0.28

                          0.13%

                          2019-09-23 13:48:17
                          FAIR/BTC Ƀ 0.00000500 FAIR 0

                          Ƀ 0.0

                          0.00%

                          2019-09-10 17:35:25
                          LTC/BTC Ƀ 0.007381 Ł 6,814.49

                          Ƀ 0.00016

                          2.16%

                          2019-09-23 13:43:33
                          NYE/BTC Ƀ 0.0004980 NYE 47,374.0

                          Ƀ 0.0

                          0.00%

                          2019-09-23 04:03:55
                          XLM/BTC Ƀ 0.00000665 XLM 986,371.0

                          Ƀ 0.0000027

                          68.35%

                          2019-09-23 13:45:38
                          XMR/BTC Ƀ 0.007178 XMR 1,328.69

                          Ƀ -0.00019

                          -2.60%

                          2019-09-23 13:42:26
                          XRP/BTC Ƀ 0.00002750 XRP 1,307,271.8

                          Ƀ -4.9e-7

                          -1.75%

                          2019-09-23 13:45:26
                          XRP/USDC USDC 0.2710 XRP 372,639.4

                          USDC -0.0060

                          -2.18%

                          2019-09-23 13:50:16
                          YOC/BTC Ƀ 0.00000028 YOC 0

                          Ƀ 0.0

                          0.00%

                          2019-09-09 20:56:24
                          ZEC/BTC Ƀ 0.004603 ZEC 10,576.3

                          Ƀ -0.000077

                          -1.64%

                          2019-09-23 14:29:40

                          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 04.09.2019

                                  • 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

                                    IEO Start date End date Fundraising
                                    Midascaps

                                    Midascaps

                                    Aug 02, 2019 - Aug 31, 2019 $2.25M

                                    InstantBitex Exchange Additional Information

                                      • InstantBitex Headquater

                                        N/A

                                        • InstantBitex Establish date

                                          N/A