Bitexbook Review
Website: Bitexbook
About company:
Bitexbook is a young crypto exchange regulated by Russia. The beginning of its activity is dated 2017. The beta version of the service was launched in 2018. To date, the site is available in Russian and English, which allows the project to go beyond the borders of one country. But, perhaps, in the future, the geography of access will be wider. Users note that the platform interface is convenient and understandable for both an experienced player and a beginner in the cryptosphere. Night mode included.
The exchange is nothing at all, but already competes with many. Firstly, they do not limit the trading of BTC and ETH, they provided a few dozen more smaller tokens and added fiat. This is a different structure of pairs, transactions in regular currency. Secondly, not only cards are supported, but also electronic wallets, including WebMoney.
Thirdly, low commissions for trading. For opening positions is always 0.1%, for closing, depending on the total monthly volume of transactions. For replenishment and withdrawal of commission depend on the payment system, the cheapest in cryptocurrency. Fourth, there is already a mobile application. So far only for Android and it works with errors, but soon the version for iOS should be completed and updated. Fifth, according to the roadmap ahead, they plan to work in the legal field, which is quite an innovative and bold step for a cryptocurrency exchange. This newbie never ceases to amaze.
Despite some doubts about my youth, I liked the exchange. It works really fast, they withdraw within an hour to the wallet. How the cards will work, I can not say. It is not a fact that within an hour it will come out to meet – the bank may have a surge. In addition to cryptocurrency, the exchange supports fiat. Both as a payment instrument and as an asset for trading. It is convenient that the fiat is represented not by one dollar, but also by rubles. This is a huge plus, no conversion when replenishing and withdrawing.
It is impossible to speak about BitexBook definitely in a positive or negative way. There are good moments and bad ones. Not enough cryptocurrencies have been added for trading. The most popular ones have been collected, but in total they form several dozen trading pairs. Thank you for not removing the nat. currency pairs so that pairs can be cross-currency. I would have to trade against Tether, not the dollar.
The interface of the terminal is simple, on top of a pair, by clicking on any of them, a chart of price and market depth opens. Under them are trading glasses with ready-made offers, below are completed deals. Everything is standard. Commissions are also specific. The breakdown by the parties to the transaction is good, but for liquidity providers it could be removed. Other exchanges in general sometimes pay themselves for the delivery, and these only remove 0.1% of the transaction. On the receiving side, it is better to be prepared for the fact that you will have to work at the maximum rate – it will most likely not work much, taking into account the current turnover of the exchange. The exchange is like an exchange, now there are a lot of them.