|Exchange Name||Instant Bitex|
Instant Bitex (instantbitex.com) REVIEW, TRADING VOLUME AND PAIRS
Instant Bitex is a cross-functional trading platform that allows you to buy and sell a cryptocurrency, as well as invest in managed accounts and initial coin offerings (ICO). At the time of writing this review, the daily trading volume on the official website of instantbitex.com platform is 21 million dollars, whereas the most popular coins are BTC, ETH, LTC, XRP, DASH, XMR, and ZEC.
About the company
Instant Bitex project was created in 2018 by a group of crypto-enthusiasts who managed to make the platform one of the most popular British trading platforms where digital assets are traded in the shortest possible time. According to management, instant transactions, reliable internal wallets, and a high level of cybersecurity are the main advantages of the platform. The company's mission is to popularize the blockchain technology and promote its active integration into the traditional monetary system.
Security is the main focus of developers, as evidenced by the following points:
• InstantBitex stores most of the users' funds on cold wallets;
• InstantBitex uses two-factor authentication to prevent unauthorized access to users wallets;
• InstantBitex uses multiple layers of transaction protection.
The exchange interface is quite simple and intuitive. At the top of the site are the following menu options:
• TRADE - a trading cabinet, where orders to buy and sell digital assets are opened;
• OPTION TRADE - an investment interface that allows you to bet on short-term price fluctuations;
• INVEST - investment plans that allow you to earn up to 1.5% per day;
• IEO - initial exchange offerings;
• ADD IEO - interface placement of initial exchange offerings;
• ADD COINS - placement of coins for trading on the exchange.
On the right, there is a menu to switch languages (the website is currently available in English, Chinese, and Russian languages) and a button to log in and sign up.
Among the positive aspects of instantbitex.com experts note:
• System scalability;
• Availability of API for developers;
• High speed of funds transfer;
• Careful selection of coins for ICO;
• Low trading commission fee, which is 0.1%;
• Access to rare altcoins.
The shortcomings are also present, but there are only a few of them:
• Minimum deposit/withdrawal amount;
• The presence of a fee for withdrawals;
• Lack of tools for technical analysis.
The main feature of Instant Bitex is that it is not just a cryptocurrency exchanger, but a cross-functional investment platform where you can both engage in active trading and receive passive income. According to user reviews, it is difficult to put together an objective picture of whether this platform can be trusted or not. Some customers talk about the risk of losing their money, but the fact that the exchange is based in Europe and legally operates in several civilized countries slightly reduces this risk. However, we do not recommend storing large amounts here. It is better to give preference to a cold hardware wallet or at least exchanges from the TOP 10.