BitForex Review for New Traders

BitForex Review is a Bitcoin broker that has been in the market since 2014. BitForex offers a wide range of products and services to Bitcoin traders, including trading pairs with USD, EUR and CNY, as well as margin trading. In addition to this, BitForex also offers leverage and CFD trading.

BitForex has been operating for more than three years by now. Founded in 2014, this broker is one of the oldest platforms on the market. However, it is still considered one of the best brokers today because of its high level of security and advanced features.

In order to get started with BitForex, you need to create an account. Once you have done so, you will be able to trade with your Bitcoins or other cryptocurrencies like Litecoin or Ethereum. There are three types of accounts that can be used: Free, Basic and Advanced accounts. The most important difference between these three accounts is that they have different limits for trading volume per day.

How Does BitForex Work and What Can You Do On The Exchange?

BitForex is a cryptocurrency exchange that offers bitcoin trading for fiat currency. The company also operates a peer-to-peer payment system, which allows users to make instant and direct transactions with each other.

BitForex was founded in 2014 by the CEO Stan Miroshnik and CTO Igor Chikov. The company has offices in Hong Kong, London, and New York City.

BitForex’s service enables users to trade Bitcoin (BTC) against fiat currency such as the U.S. dollar or euro. Users can deposit funds into their accounts with several major banks including Wells Fargo, Bank of America, Citibank, and Chase Bank among others. BitForex also accepts wire transfers from customers’ bank accounts to their online trading account with the exchange.

Does BitForex Accept Users From The US?

BitForex is a trading platform that accepts users from the U.S. and Europe, but it does not allow users from the United States to deposit funds into their accounts. This is because BitForex does not operate in the United States and does not receive any government licenses or notice to do business within the country.

Users from the U.S. can only trade on BitForex if they are citizens or residents of one of these countries:

United Kingdom

Australia

Canada

Hong Kong SAR

Singapore

Switzerland

What Security Features Does BitForex Offer?

BitForex offers a range of security features to protect your accounts and funds.

SSL Encryption: All transactions on the BitForex platform are secured by SSL encryption, which makes it virtually impossible for hackers to steal your personal information or digital assets.

2-Factor Authentication (2FA): If you have 2FA enabled, your account will not be accessible if a hacker steals your password.

Multi-Signature Address: You can set up multi-signature addresses that require multiple approvals before funds can be withdrawn from them.

Fiat Currency Conversion: By default, all deposits and withdrawals on the BitForex platform are done using Bitcoin (BTC), but you can choose to use other cryptocurrencies like Ethereum (ETH) or Litecoin (LTC) instead.

Is BitForex Available On Mobile?

BitForex is available on mobile devices. The official app provides all the features of the website including charts, news, and trading and portfolio management. The app is available for Android and iOS devices.

BitForex supports multiple currencies and you can trade against them in different markets. The app allows you to set your preferred currency pair and then choose any other currency by tapping on it in the screen menu. You can also see which currency pairs are available for trading at any given time.

You can also check the latest news from BitForex through the app. It gives you updates about new deals, events, etc., that are happening with the company and its products or services.

In Consequence

You may be wondering why BitForex, a relatively new cryptocurrency trading platform, would hold the title of best crypto trading exchange. As we dive into more details below in our review, it should become more apparent why so many traders have flocked to this exchange. First and foremost, BitForex has some of the lowest fees in the business. A small fee of 0-0.1% applies on all trades, but that fee applies whether you’re purchasing bitcoin or any other altcoin on offer at this platform.

Trading cryptocurrency can be intimidating, but with the help of a professional platform like BitForex, it doesn’t have to be. There are plenty of fake exchanges out there promising to be the best and giving terrible service. BitForex does everything that an exchange should do and more, so if you’re looking to trade cryptocurrencies on a platform that takes care of its users and provides a high-quality product, look no further than BitForex. If you want to start trading today but don’t know how, read our blog post on trading crypto here.