What is BITEXBOOK?
BITEXBOOK is a cryptocurrency exchange based in Saint Vincent and the Grenadines, operating since 2017. It is owned and managed by the StreamCapital Group, which acquired the operations of Bitflip in May 2019. This acquisition resulted in the migration of Bitflip users to the BITEXBOOK platform, giving it a head start in the market.
Trading Volume and User Base
As of June 4, 2019, BITEXBOOK boasts 34,214 registered users. The exchange emphasizes three key advantages: high security, safety of funds, and competitive commissions starting from 0.10%. While the trading fees align with the industry average, the focus on safety and security is crucial for cryptocurrency traders.
As of December 2, 2021, the 24-hour trading volume on BITEXBOOK was USD 11,007, a relatively low figure that potential users should consider before opening an account.
Trading Fees
BITEXBOOK employs a fee structure differentiating between makers and takers. Takers are charged 0.25%, while makers enjoy a 0.00% fee, promoting liquidity at the exchange. This consumer-friendly approach makes BITEXBOOK a competitive choice in the market.
Withdrawal Fees
BITEXBOOK imposes a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals. This fee is significantly lower than the industry average of 0.000812 BTC, making BITEXBOOK an attractive option for cost-conscious users.
Deposit Methods
BITEXBOOK supports deposits through wire transfers and credit cards, providing users with flexibility. This feature positions BITEXBOOK as an "entry-level exchange," allowing new investors to venture into the cryptocurrency world with ease.
Conclusion
BITEXBOOK, with its history since 2017 and the acquisition of Bitflip operations, offers a platform with competitive fees, a focus on security, and a variety of deposit methods. Prospective users should consider the trading volume and fee structures when evaluating this exchange for their cryptocurrency transactions.
What are the trading fees on BITEXBOOK?
BITEXBOOK employs a fee structure differentiating between makers and takers. Takers are charged 0.25%, while makers enjoy a 0.00% fee, promoting liquidity at the exchange. This consumer-friendly approach makes BITEXBOOK a competitive choice in the market.
Does BITEXBOOK offer leverage trading?
BITEXBOOK does not currently offer margin trading or leverage options.
Is BITEXBOOK safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
