BitForex is one of the leading cryptocurrency exchanges. The company's primary mission is to provide consumers access to secure, reputable, and user-friendly services for trading digital currencies. The company was officially incorporated in the Republic of Seychelles in the year 2017.
BitForex crypto exchange is driving the trend in the cryptocurrency exchange sector by efficiently offering a broad variety of trading tools. These tools include token trading, margin trading, and derivatives trading.
There is no need to go through any KYC procedures in order to get started trading with BitForex. It is possible to use the exchange's services as an unverified user by registering with just your email address. The exchange will only request additional ID verification in the event that they observe an unusual pattern of behavior from your IP address, or if your daily BitForex trade volume is more than $10,000.
BitForex offers a mobile phone application that is compatible with iOS and Android devices.
Markets
BitForex cryptocurrency exchange is a digital asset trading platform that offers spot trading, margin trading, and derivatives. It has over 300+ trading pairs available on its BitForex spot trading market. The most popular BitForex trading pairs include USDC/USDT, BTC/USDT, DOT/USDT, BTC/USDC, and ETH/BTC.
There is a 5% BitForex crypto fee on deposits made with fiat currency with a minimum of $10.00. Withdrawals for cryptocurrencies are not free as well. For example, the fee for withdrawing cryptocurrency is 0.00005 BTC, 0.0001 BCH, or 0.01 ETH.
The minimum amount required to purchase fiat currency on Bitforex is $50. The maximum amount that can be purchased in a day is $20,000, while the maximum amount in a month is $50,000.
A spot transaction incurs a fee of 0.1% of the total trade value for both makers and takers. If, on the other hand, you are engaged in perpetual transactions, the commission rate is different. Hence, it is 0.04% for makers and 0.06% for takers.
BitForex (BF) token is the native asset of the BitForex exchange. It provides holders with various benefits, ranging from discounted fees to exclusive trading privileges. The token also grants access to the BitForex VIP membership program, where traders benefit from lower BitForex exchange fees and other privileges.
You can see the current BitForex volume above.
Other Services
Apart from trading, there are also other services provided by the exchange. BitForex Loan is one of these services. It offers users low BitForex crypto prices and flexible loans with competitive interest rates. BitForex Loan allows users to borrow up to 80% of their total crypto holdings.
Moving on, there's BitForex NFT which provides an easy way to access cutting-edge digital collectibles. It makes it easy to explore and invest in the various NFT projects available, while also providing a secure environment for users to store their NFTs.
Also, there's CApp Town, which is an open platform that links digital currency traders to many blockchain applications. It was developed with the goal of removing incompatibilities that exist across different blockchain protocols.
Furthermore, there's EazySwap, which is a decentralized token mechanism for ERC-20 tokens. The most notable advantages of using EazySwap are that there are no gas expenses, the slippage is very slow, and the matching is done very quickly.
Besides that, users of BitForex have the ability to stake Ethereum tokens. The smallest amount that can be staked is 0.1 ETH. The platform distributes incentives from the BitForex pool according to the number of tokens staked by users.
Lastly, there's MetaTrader 5, which enables users to trade conventional money and products in addition to other chances without having to leave the site. Users are able to transfer money straight from their wallets into their MT5 accounts in order to fund their trading accounts.
About the Company
BitForex cryptocurrency exchange is officially registered in the Republic of Seychelles but it has autonomous operational teams in a variety of other countries, including Germany, Estonia, Singapore, Malaysia, the Philippines, and so on.
The company's headquarters are located in Hong Kong. When it was just getting started, BitForex received money not only from Crypto Capital but also from other prominent investment institutions and well-known crypto investors, who together put more than $20 million into the business.
Jason Luo is the CEO of BitForex cryptocurrency exchange. The core team members come from some of the most prestigious companies in the world, including Merrill Lynch, the World Bank, McKinsey, Microsoft, Tencent, and Lenovo.
