Website: bitforex.com
About company:
Our team has prepared a review for the next cryptocurrency exchange. This time we will talk about a major global player – BitForex. At one time, this platform occupied the first places in terms of daily trading volume, leaving behind other big names. In this article, we will try to figure out what bitforex.com is. BitForex started its work in 2018 and in such a short period of time has become one of the world’s leading cryptocurrency exchanges. Important note: the exchange launched in June 2018. Already in August, it became the world leader in terms of trading volume, overtaking many such rating companies as Binance, Huobi and BitMex.
I believe that BitForex is loyal to its traders. Take that there is a fixed commission on the spot for both the taker and the maker, which is 0.1%, regardless of the trade turnover. I would also like to note an unusual affiliate program. The company ditched the typical single-tier affiliate program. Now they offer a choice of two options: standard and premium. The latter is called “Knight”. I use the premium model because it has many additional bonuses. For example, for perpetual contacts, there is a percentage of commissions.
I am ready to recommend BitForex to others. In principle, even novice traders will feel comfortable here. It has a demo (which is quite rare on exchanges), and useful and convenient tutorials with a clear distinction by topic. BitForex was my first crypto exchange, so I appreciated its loyal approach to newbies. And one more thing, the site has auto trading with copying strategies. I believe that this service will be of interest to both beginners and experienced traders.
I believe that a lot of people over-praise BitForex. As for me, this is an average exchange with several shortcomings. Trading commissions here are not lower than the market average, plus, on the site, they take money for withdrawing profit. These seem like little things, but if you withdraw in small amounts, your profits are pretty much lost due to excessive exchange costs. The next thing that caught my eye was the lack of proper customer service. The strange thing is that the company did not take care of its own call center. Several times there were technical difficulties, but I could not get through to the support team. In general, do whatever you want, but I have already found an alternative to BitForex.
There are tons of earning opportunities at BitForex, including independent coin trading, investing, and referrals. I’ve only gotten to trading in coins so far since I signed up on this platform a couple of weeks ago. So far, it’s okay, and the browser version based on TradingView has an intuitive interface and a bunch of features. There is also a mobile application, but I’m not particularly interested in it, I prefer to trade from a PC. As for the payment discipline, the company does not disappoint. My first profit has already been successfully withdrawn.
I have been using the BitForex platform since its launch and I do not plan to look for a replacement yet. What for? All major cryptocurrencies I work with are presented here. Plus, the company is actively working to expand its pool of assets. I use MT5 for trading, which is more familiar to me. Of the advantages, one can also note fixed commissions. Also, this crypto exchange shows that it is equally loyal to both veterans and novice traders who are just starting on the market.
I like the social trading platform from BitForex. Here you can watch other strategies and copy them for easier and more comfortable trading on the market. The service itself is intuitive, you don’t have to strain to deal with all the nuances. As for investment programs, I have not tested them yet. However, I can say offhand that they are quite interesting in terms of conditions. Also, the cryptocurrency exchange pleasantly surprised me by regularly holding promotions where real cash prizes are provided. I even got lucky once in one of the contests. I will definitely try again.