Bithesap - bithesap.com REVIEW, TRADING VOLUME AND PAIRS
Bithesap is a popular Turkish crypto-exchange with only 2 trading pairs – BTC/TRY and LTC/TRY. This significantly reduces the interest in the project from traders focused on diversified investment portfolios of cryptographic coins. However, residents of Turkey may find this system interesting, considering that, first of all, it is a convenient crypto-exchange, where one can buy two of the most popular coins for the Turkish Lira. The official website of bithesap.com is available only in Turkish, which means that the exchanger is focused on the Turkish investor.
Benefits and drawbacks
Even though the functionality of the exchange is very modest, as well as the choice of cryptocurrencies, the project has some advantages, which are mentioned on the homepage of the official website:
• High-security level. According to the developers, the exchange offers advanced security features, including offline storage of digital assets on cold wallets.
• High transaction speed. The conversion of the Turkish Lira to Bitcoin or Litecoin is made instantly, as well as the transfer of funds to the exchange's balance.
• The platform works 24/7. A registered user can invest in cryptocurrencies at any time, as well as contact support when it is convenient.
• Two-factor authentication. The user account is protected by Google Authenticator or SMS verification.
The exchange also has disadvantages. First, the website is not translated into popular languages, which significantly limits the potential audience of traders. Secondly, there are no tools for professional trading. And, thirdly, the platform offers only 2 cryptocurrencies, which makes Bithesap, the so-called primary investment platform, which allows you to buy Bitcoin or Litecoin for fiat currency, then convert BTC to other coins or transfer to larger exchanges.
For the buyer, it is 0.40% of the transaction amount, and for the seller - 0.25% of the transaction amount. The figure is considered higher than the industry average. However, if you consider that there are not so many projects that provide an opportunity to deposit in the Turkish Lira, you can accept this.
As for the deposit/withdrawal fees, the amount of the fee depends on which payment system is used for the transaction. If you withdraw funds in BTC, the withdrawal fee will be 0.0005 BTC. The fee is lower than the average compared to other platforms, which is a definite advantage.
You can deposit money in fiat currency by bank transfer or by credit card. You can also deposit cryptocurrency, and it is more profitable since there is no fee.
Bithesap cryptocurrency exchanger will be of interest, first of all, to residents of Turkey, since trading on the platform is conducted with the Turkish national currency. The absence of a multilingual option significantly limits the access of foreigners to this website. Judging by the reviews and comments of customers, the exchange has some advantages, including high transaction speed and security. However, in many respects, bithesap.com loses to larger international platforms, so its development is currently possible only as a local exchanger but no more.