An Introduction to BitForex Crypto Exchange
BitForex is a world-leading cryptocurrency exchange like Binance, Huobi Global, Kraken, etc. that is committed to offers the crypto traders with the safest, professional, and most favorable digital currency trading facilities.
BitForex is one of the prominent cryptocurrency exchanges that is efficiently providing various sorts of trading mechanisms e.g., margin trading, token trading, and derivatives.
The BitForex crypto exchange is continuously striving to effectively adapt the emerging crypto market trends, introduce requirements, and new features to timely assist the crypto traders.
Various important features of BitForex
BitForex offers its support to its users in two ways e.g., Support center and Submit a request. Usually, the support team responds in 24 hours of span after submission of the request. BitForex has also provided various tutorials to educate the new users about how to use the crypto trading platform.
The platform provides 2-FA security for individual crypto users. BitForex sustains 98% of its crypto traders’ crypto-assets in cold storage an offline, multisignature wallet that can’t be compromised due to its global distributed nature of control. While the hot wallet possesses approximately 0.5% of crypto-assets just necessary to complete the withdrawals in the queue.
BitForex security experts performed an extensive audit of the complete stack, involving an in-depth analysis of all the source code after shifting to a new data server. The platform has introduced sufficient techniques to thwart real-time DDoS attacks.
BitForex has developed its mobile application for android and iOS with a dedicated guide on how to install and set up the application for real-time use.
BitForex supports margin trading.
KYC is required to trade on BitForex.
Various resources and co-partners offer high liquidity to the BitForex trading platform
Currently there more than 300 trading pairs available to trade on the platform and many premiere tokens are expected to be listed
A high-performance and highly efficient matching engine that can process 1,600,000 orders per second
The BitForex crypto platform has launched its crypto token known as “BF Token” ( or “BF” ) that signifies the transparency and stability of the crypto trading platform. The maximum supply of BF tokens is 10 billion.
FAQs about BitForex
Some of the frequently asked questions about BitForex are,
What is BitForex?
BitForex is a crypto-asset exchange, established in June 2018. The platform provides spot trading of over more than 300 token or cryptocurrency pairs. (Sep 12, 2019)
Is BitForex safe?
BitForex is a Legit & one of the Safest Crypto Trading Exchange. (May 5, 2020)
Whare is BitForex located?
BitForex headquartered is based in Singapore and the company is registered in Seychelles and has many offices in Germany, Malaysia, Estonia, the Philippines, Hong Kong, and many other countries. (Sep 14, 2018)
How do I trade on BitForex?
To trade on BitForex
A trader should have sufficient funds in his/her account.
A trader should open the Trading page and select the appropriate pair to trade-in.
After the user confirms the order, the order will pop up in the orders tab.
After the order execution, the crypto-assets will be credited to the user exchange wallet.
How do I withdraw from BitForex?
User should take the following steps,
Click on “My Assets” and click “Withdraw.”
Choose the currency, the user intended to withdraw.
Insert the appropriate Withdraw address and the desired amount to be withdrawn and click “Submit.”
What Kind of Cryptocurrencies is being traded on BitForex?
BitForex provides support for the following 4 basic types of cryptocurrency accounts: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Ripple (XRP). While On BitForex MT5, traders are capable to trade all available trading pairs on the platform with a single basic cryptocurrency account.