RightBTC (rightbtc.com) - REVIEW, TRADING VOLUME AND PAIRS
Cryptocurrency exchange RightBTC has been operating since 2017. To date, the platform does not have as many customers as the top platforms, but its daily trading volume is about 500 million dollars, which indicates the great potential of the platform. Even though one can read a lot of negative opinions about the exchange on the Internet, in practice, the project is faced with black PR since the exchange proved to be reliable and convenient enough for daily trading and safe exchange. Surely, the lack of data on the exchange's actual owners somewhat bothers users and undermines their desire to place large amounts of money here, but traders from China and other large Eastern countries are showing unprecedented interest in the platform because of low commission fees.
RightBTC Website overview
The official website of the exchange is available at rightbtc.com. Here, in the top left corner of the website you can find the button "Trading", by clicking on which you will immediately get to the trading cabinet. In the upper right menu, there is a Log/Registration button. There you can also change the language of the interface. To date, the exchange is translated into English and Chinese only. An old version of the website is also available and can be accessed by clicking on the "Old Website" button.
The trading platform offers a wide range of coins, the most popular of which are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, ABBC, and Ripple. The advantage of the exchange is the availability of stop-limit orders. Besides, users will appreciate the high-quality graphics and a wide range of technical indicators.
The platform has both cryptographic and fiat currencies. The main drawback of the exchange is the lack of margin trading and futures trading on cryptographic assets. There is also a minimum amount of the order in the equivalent of $1, which may limit new investors starting with small capital.
The commission fee on the trading platform is moderate. The customers are not charged for the deposit of funds, but there is a fixed commission fee for the money withdrawal, unique for each cryptocurrency. For example, for Bitcoin, the basic commission is 0.001 BTC. Aside from that, the limit for the withdrawal of money for customers is only 15 bitcoins per day. As for the trade commission fee, it is only 0.1% of the transaction amount. This fee is considered to be lower than the average market fee. At the same time, there is a minimum commission fee when working with some currencies. For Bitcoin, the minimum commission fee is 0.0001 of the bitcoin.
As for security, the resource is protected by several powerful tools, such as:
• Two-factor user authentication;
• Protection against DDoS and other cyber threats;
• Binding the account to the customer's IP address;
• Account blocking in case of detection of suspicious activity.
Unfortunately, platform doesn't have an official application, which limits the number of mobile device users. However, the browser version is customized for smartphones, so you can perform basic operations directly from your device.
So, let's sum up all the information about the RightBTC exchange. Let's first analyze the positive aspects of the project, and then talk about its disadvantages.
Among the advantages we can note:
• A user-friendly and intuitive interface;
• The small size of trading commissions;
• A reliable protection system even though there is no verification.
Among the negative sides, customers highlight the lack of public information about the creators and the limited number of trading pairs. As for everything else, RightBTC is great for trading, although it can't lure customers with anything more substantial than low fees and a nice interface. In any case, this will be enough for the project is enough to stay afloat and continue its development.