bitebtc (bitebtc.com) - REVIEW, TRADING VOLUME AND PAIRS
Although user reviews about the bitebtc.com cryptocurrency exchange are very ambiguous, the daily trading volume, which is slightly less than 300 million dollars, speaks for itself. Users trust the exchange and continue to trade here. This is a fairly young project, which was launched in 2018. The main trading volumes are conducted with the four basic markets USD, CNY, BTC, ETH, and LTC. The platform features the most popular digital assets, namely Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Besides, such currencies as LINK, Monero, Verge, Fanton, 0x and others are traded on the platform.
The trading commission is 0.2% and the withdrawal fee is individual for each currency. For instance, the system charges 0.001 BTC for bitcoin withdrawal. Also, the website provides a minimum and maximum deposit amounts, which for the most popular cryptocurrency are 0.0001 BTC and 1000 BTC, respectively.
Interface and functionality
Let us focus a little on the exchange interface. It is worth noticing that when you go to the bitebtc.com official website, you are redirected to another address – fedlio.com, which in some ways was the result of the rebranding of the exchange. Unfortunately, today the website is available only in English, but for most users, this will not be a problem since all the functional elements are located in familiar places.
At the top is a menu that includes the following sections:
• Exchange - the section where trades are conducted. Here you can see the price chart, trading pairs, orders, and trading history.
• Pricing-here you can see the size of commissions and learn about withdrawal limits for verified users.
• Apply Listing - an application form for placing a new coin on the exchange.
• News - news about the stock exchange and markets (currently under development).
• FAQ - frequently asked questions about the exchange.
At the top right corner is the login and sign up buttons. The interface can be described as standard and easy-to-use.
Benefits of the exchange
Among the trading platform main advantages are:
• SWIFT Bank transfers worldwide;
• Full compliance with KYC requirements;
• API for automated trading;
• Powerful trading tools.
The worst disadvantage of the trading platform is a tarnished reputation.
About the reputation
In the network, you can find a huge number of negative reviews about the bitebtc.com exchange. Customers mostly complain about the frequent blocking of accounts and funds, which takes place due to the lack of confirmation of the source of cryptocurrency receipt by the user. With such a reputation, there is no wonder that each day fewer and fewer users register on the website.
If you do not worry about the numerous negative reviews of the exchange and you want to test it, it makes sense to register an account and make a deposit. But we recommend starting with small amounts because the chances are that your account may be blocked. But given the fact that there have not been negative reviews about the exchange after the rebranding, we can express cautious optimism about the prospects of this project.