Bitforex Review
Bitforex
Website: bitforex.com
About company:
The main office of BitForex is located in Singapore, but the place of registration of the cryptocurrency exchange is in the Seychelles. The first question that comes to mind is: how did the exchange manage to reach such heights in such a short period of time? The thing is that the company is backed by large investors and the best developers. BitForex investors were Tencent, McKinsey, Merrill Lynch, Microsoft and Lenovo. The amount of investments amounts to tens of millions of US dollars. The exchange was developed by graduates of Columbia and Cambridge universities. Therefore, such success is a completely natural result of the work done. However, under the onslaught of new exchanges, BitForex is also gradually losing ground. The official website bitforex.com states that the platform is in the top 10 global cryptocurrency exchanges. And this statement was true before. But today BitForex is approaching the departure from the TOP-20.
Left quotes BitForex merged my account. The price jumps so that hairpins appear in different directions. On options less than 5 minutes, there is nothing to do at all, you put in a sell – it takes you to buy, you immediately put it in buy – it takes you to the villages. And it can be with a steady trend. Not happy with BitForex.
Did you study BitForex activities before opening an account here? If BitForex is registered very far away and offshore. That is, we can immediately say that there is no guarantee and protection of the rights of the trader. Who then will apply somewhere far away to get their money back? This is what exchanges like BitForex are counting on.
The trading commission at the BitForex exchange is fixed and average for the market, it’s true. Another thing is that this commission cannot be reduced, as on many exchanges. But another commission, for withdrawing funds, is much higher than the usual commission. Therefore, the BitForex exchange is not very popular with traders and crypto investors.