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.
I know that many people complain about KYS – I don’t belong to this category, because I consider it a security concern. But I have questions about the work of the site itself. Perhaps a coincidence, but more than once. When you have to close negative deals, everything closes with a light touch. If you decide to quickly get into the plus, the buttons are not pressed, the pages hang, suddenly an advertisement that is very necessary at that moment comes out ….. Maybe I’m paranoid?
Trading is not very convenient, the functionality of the trade list is not rich, although you can get used to it.
Support works quickly. A significant disadvantage is the rather high cost of depositing money, it would be possible to lower the entry threshold. Some tutorial for beginners. The existing recommendations clearly disclose the mechanisms of trade.
The exchange is quite suitable for risk diversification
One of the unambiguously good things about bitforex is the presence of the MT5 terminal. I am pleased with this circumstance, and I try to use its capabilities to the maximum. Money enters and exits without problems – this is the main thing that a trader is usually interested in. Of the personally identified disadvantages, a couple of times I encountered the inability to immediately close the deal (I do not insist on the involvement of the service, perhaps the problem was on my side).