What is Bitexen?
Bitexen is a cryptocurrency exchange based in Turkey, having launched its platform in 2018. The exchange initially provided trading for 28 cryptocurrencies, with potential expansions in the future.
Mobile Support
Recognizing the diverse preferences of crypto traders, Bitexen caters to both desktop and mobile users. The availability of a mobile application, compatible with both iPhones and Androids, allows traders to engage in crypto activities on the go.
Restricted Access for US Investors
Bitexen, like many other exchanges, imposes restrictions on US investors due to regulatory concerns. The Securities Exchange Commission (SEC) plays a pivotal role in shaping these restrictions, making it imperative for foreign companies to comply with US regulations to solicit investors.
Trading Fees on Bitexen
Understanding the fee structure is crucial for traders. Bitexen distinguishes between takers and makers, charging takers a standard fee of 0.25% and makers a lower rate of 0.15%. These fees align with or slightly exceed the global industry averages for centralized exchanges.
Withdrawal Fees
Withdrawal fees on Bitexen are variable, depending on the specific cryptocurrency being withdrawn. These fees are typically fixed and are expressed in the respective cryptocurrency. The average withdrawal fees in the broader crypto market have historically been observed to vary.
Trading View
The trading view on Bitexen is a vital component of the platform, providing users with real-time price charts, buy and sell boxes, and order history. Unfortunately, due to account creation limitations, an in-depth exploration of the trading view is unavailable.
Deposit Methods
Bitexen accommodates both cryptocurrency and fiat currency deposits. However, it's essential to note that fiat currency deposits are limited to wire transfers, excluding credit or debit card options.
In summary, Bitexen presents itself as a cryptocurrency exchange with a specific focus on the Turkish market, providing a diverse range of trading options with considerations for both desktop and mobile users.
What are the trading fees on Bitexen?
Understanding the fee structure is crucial for traders. Bitexen distinguishes between takers and makers, charging takers a standard fee of 0.25% and makers a lower rate of 0.15%. These fees align with or slightly exceed the global industry averages for centralized exchanges.
Does Bitexen offer leverage trading?
Bitexen does not currently offer margin trading or leverage options.
Is Bitexen 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.
