BitFex Exchange logo
BitFex Exchange logo

BitFex Review 2023 - Is It Safe?

Contact
Country: Russia
Site: bitfex.trade
Mobile app: -
Grade points: 0.00
Expert Review
Nov 26, 2020

BitFex is a cryptocurrency exchange that allows users to trade a wide range of digital assets. The platform is designed to be user-friendly and secure, with a range of features and functionalities that make it a great choice for both novice and experienced traders. In this review, we will explore BitFex's features and functionalities in five subheadings: Platform and Technology, User Experience, Security, Customer Support, and Pricing.

Platform and Technology

BitFex is built on top of a cutting-edge trading engine that allows for lightning-fast order execution and real-time market data. The platform supports a wide range of digital assets, including Bitcoin, Ethereum, and many altcoins, and offers a range of trading pairs to allow users to easily swap between different cryptocurrencies.
The platform's user interface is intuitive and easy to use, with clear menus and buttons that allow users to quickly access the different features and functionalities.
Overall, BitFex's platform and technology provide a fast, reliable, and user-friendly trading experience for users.

User Experience

BitFex's user interface is designed to be intuitive and easy to use, making it a great choice for both novice and experienced traders. The platform's design is clean and modern, with clear menus and buttons that allow users to easily access the different features and functionalities.
The platform also provides users with customization options, allowing them to personalize their experience and view their trades and portfolio in a format that best suits their needs.
Overall, BitFex's user experience is user-friendly and customizable, making it a great option for both novice and experienced traders.

Security

BitFex takes security seriously and employs advanced security protocols to ensure that users' funds and personal information are protected. The platform stores the majority of user funds in cold storage, which is offline and inaccessible to hackers.
Additionally, BitFex employs multi-factor authentication (MFA) and uses SSL encryption to protect users' personal information during transmission. The platform also allows users to set up security measures such as PIN codes and fingerprint authentication to secure their accounts.
Overall, BitFex's security measures ensure that users' funds and personal information are kept safe and secure.

Customer Support

BitFex offers responsive and helpful customer support to its users. The platform provides users with a range of customer support options, including email, live chat, and a support ticket system.
Additionally, BitFex provides users with an online knowledge base and FAQ section, allowing users to access helpful resources and answers to common questions.
Overall, BitFex's customer support is responsive and helpful, providing users with the resources and support they need to trade cryptocurrencies.

Pricing

BitFex's pricing is competitive and transparent. The platform's trading fees are based on a percentage of the trade value and are clearly displayed on the platform's website.
Additionally, BitFex provides users with a range of tools and resources to help them make informed trading decisions, including real-time market data and technical analysis tools.
Overall, BitFex's pricing is competitive and transparent, making it an affordable option for users looking to trade cryptocurrencies.

BitFex is a user-friendly and secure cryptocurrency exchange that provides users with a fast, reliable, and customizable trading experience. The platform's cutting-edge trading engine and real-time market data make it a great option for both novice and experienced traders.
Additionally, BitFex's emphasis on security ensures that users' funds and personal information are kept safe and secure, and the platform's responsive customer support provides users with the resources and support they need to trade cryptocurrencies.
Overall, BitFex is a promising cryptocurrency exchange that has the potential to become a leading provider of digital asset trading services.

Our Score
Functionality 3 / 5
Reputation 3 / 5
Security 3 / 5
Support 3 / 5
Fees 3 / 5
Our Score
3.0 / 5
Pros and Cons
banner-image
Write review
Rating
Please choose your rating.
Your review

Leave your review about BitFex Exchange here. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.

Your Name
Your Email

Your Email will not be published

User reviews
Greg 7 December 2020
1.0

Shady Russian exchange

Wang 2 December 2020
4.0

The usual exchange, not good and not bad. I like the support service and a good bitcoin course, mainly because of this and I'm on this exchange.

Country: Russia
Site: bitfex.trade
Mobile app: -
Grade points: 0.00
Compare with
Bisq exchange was launched back in 2014. At that time it was one of the first Decentralized Autonomous Organizations (or simply DAO). According to the founders of this exchange, one of the goals of Bisq network is to "keep the original spirit of Bitcoin alive".
Bit-Z is a Hong Kong-based cryptocurrency exchange that was launched towards the end of 2016. It is one of the top ten crypto exchanges around the world in terms of the reported trading volume.
Update: The exchange is closed, possibly exit scammed. The exchange website is gone and the old domain is used for advertising. CoinPlace offered a wide range of tokens for trading. The exchange’s website had English and Russian language versions. The trading commission made 0.2% for a position paid in crypto. For unverified users, the daily withdrawal limit was 100 USD. The native token of the platform - CLP - was available for purchase and trading. Twitter Media of the company has not seen any updates since January, 2019.