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Friday, September 17, 2021

Bitexlive.com Exchange Review: Bitexlive Is Legit & Secure Exchange

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About Bitexlive.com

Bitexlive.com provides a fast, dependable and user friendly trading platform for Bitcoin, Ethereum and other digital currencies on a professional exchange platform. BitexLive exchange had a volume of $ 74.83M over the last 24 hours. You can trade 39 crypto pairs. You can trade cryptocurrencies with popular crypto such as BTC, USDT, ETH.

Bitexlive is one of the many cryptocurrency exchanges from Turkey.  As for the team of this exchange, the only person listed on the exchange’s website is the Founder & CEO: Halil Beydilli. The question of whether this is because there are no other members of the team, or because he is the only one who wants to reveal his identity, remains to be answered.

How To Sign Up & Start Trading

ExchangeDetails
Exchange NameBitexlive.com
Exchange TypeCryptocurrency
Withdraw Fee0.0005
Deposit FeeFree
Taker Fee0.20%
Maker Fee0.20%
Support24/7
Top CountryIndia
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Bitexlive Trading fees

Many exchanges charge what they call taker fees, from the takers, and what they call maker fees, from the makers. The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee.

This exchange charges a flat fee of 0.20% per trade. 0.20% is slightly below the global industry average (arguably around 0.25%).

They have also noticed on the platform that there seems to be zero-fee trading on BTC, DOGE, ETH and USDT. TThey have not received any specific confirmation on this fact, but draw conclusion from this table on the exchange’s website.

Bitexlive Withdrawal fees

Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of crypto units withdrawn), and varies from crypto to crypto. For BTC-withdrawals, this exchange charges 0.0005 BTC. This is also below the industry average. Global industry average BTC-withdrawal fee is approx. 0.0008 BTC.

Deposit Methods

This trading platform offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course bad news to you if you would prefer to use your credit card for any reason. Also, the wire transfers are only possible for the TRY-deposits. For those of you out there who needs a platform where you can deposit fiat currency via credit card, or wire transfer another fiat currency.

Secured Assets with BitexLive

24/7 Support

Got a problem? Just get in touch. The support team is available 24/7.

Security First

All data from website is transmitted using encrypted Transport Layer Security (TLS) connections (i.e., HTTPS)

Secure Storage

99% of the users’ funds are kept in a cold storage with multi-signature technologies.

2FA Verification

Two-Factor Authentication (2FA) is required for actions such as withdrawals or changes in account settings.

Bitexlive Exchange Review

6.1

CURRENCY VERITY

6.5/10

REPUTATION

5.5/10

CUSTOMER FEEDBACKCUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

6.5/10

DESIGN

5.0/10

Pros

  • 24/7 Support
  • 2FA Verification
  • Secure Storage

Cons

  • High Fees
  • Not For Beginners
  • No Live Support
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Bitexlive Exchange Review

6.1

CURRENCY VERITY

6.5/10

REPUTATION

5.5/10

CUSTOMER FEEDBACKCUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

6.5/10

DESIGN

5.0/10

Pros

  • 24/7 Support
  • 2FA Verification
  • Secure Storage

Cons

  • High Fees
  • Not For Beginners
  • No Live Support