BitForex Review
BitForex is a foreign exchange cryptocurrency exchange (Seychelles). It has been running since 2018. In an email sent to users on October 23, 2019, they announced that BitForex now has over 3 million users.
BitForex Trading Engine
According to website data, the BitForex machine market can process 1.6 million orders per second, more than any other machine market in the world.
Liquidity
This exchange has a decent selection of trading pairs and an impressive level of liquidity (currently 132 different currencies are listed according to Coinmarketcap). When we first prepared this review (October 2, 2018), the 24-hour trading volume was almost $ 315 million. This ranks BitForex 11th in terms of trading volume. That amount rose to $ 1.95 billion two months before last year's planned bitcoin (March 20, 2020).
Approximately 18 months since the date of the last update of this report (December 2, 2021), the amount was $ 506 million. The volume of trade is above average, although it has decreased somewhat compared to previous amounts.
BitForex Trading View
Different exchanges have different trading perspectives. And there is no view "this overall view is the best". You have to decide for yourself which company look is best for you. Most views have in common that they all display the order book or at least part of the order book, the price chart of the selected cryptocurrency, and the order history. They often also have shopping and sales boxes. Before choosing a stock exchange, try to look at the stock exchange to see that it works well for you.
BitForex Fees
Each trade takes place between two parties: the creator, whose order in the order book was a trade, and the recipient, who places an order that matches (or "receives") the creator's order. This exchange pays customers 0.10% of business fees for customers and manufacturers. Thanks to this, the stock exchange has so-called "flat fees". 0.10% is very small and well below the world industry average (perhaps 0.25%).
If you have a 30-day trading volume that is in excess of 1,000 BTC (today, March 20, 2019, the equivalent of approximately $ 4 million) and you have kept at least 50 bitcoins on the exchange, you do not have to trade fees. We believe that the number of entrepreneurs meeting these requirements is small.
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