What is Bitexlive?
Bitexlive is a Turkish cryptocurrency exchange that has been operating since 2017. In this overview, we'll explore key aspects of the exchange, including its team, user accessibility, trading view, fees, withdrawal fees, and deposit methods.
Team
The primary individual identified on Bitexlive's website is the Founder & CEO, Halil Beydilli. The lack of information about other team members raises questions about transparency and the exchange's organizational structure.
User Accessibility
Bitexlive appears accessible to US-investors, but caution is advised. US investors should independently assess potential legal impediments to international crypto trading based on state laws.
Trading View
Different exchanges offer various trading views, each catering to different user preferences. The trading view typically includes the order book, price chart, and order history. Prospective users are encouraged to examine the trading view to ensure it aligns with their trading needs.
Trading Fees
Bitexlive charges a flat fee of 0.20% per trade, slightly below the global industry average of approximately 0.25%. The distinction between taker and maker fees is not present, simplifying the fee structure for users.
Withdrawal Fees
Withdrawal fees are a crucial consideration for traders. Bitexlive charges a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals, which is below the global industry average of around 0.0008 BTC.
Deposit Methods
Bitexlive supports wire transfer as a deposit method, but credit card deposits are not accepted. Additionally, wire transfers are limited to TRY (Turkish Lira) deposits, potentially limiting options for users who prefer alternative deposit methods.
Conclusion
In summary, Bitexlive offers a competitive fee structure, accessible trading for US investors, and a straightforward flat fee model. However, potential users should carefully consider the limitations in team transparency and deposit methods before engaging with the platform.
What are the trading fees on Bitexlive?
Bitexlive charges a flat fee of 0.20% per trade, slightly below the global industry average of approximately 0.25%. The distinction between taker and maker fees is not present, simplifying the fee structure for users.
Does Bitexlive offer leverage trading?
Bitexlive does not currently offer margin trading or leverage options.
