Bitexlive.com provides a fast, dependable and user friendly trading platform for Bitcoin, Ethereum and other digital currencies on a professional exchange platform. As for the team of this exchange, the only person listed on the exchange’s website is the Founder & CEO: Halil Beydilli. The question of whether this is because there are no other members of the team, or because he is the only one who wants to reveal his identity, remains to be answered.
As far as Bitexlive can tell, US-investors can trade at this trading platform. US-investors should however always try to figure out themselves whether there are any problems arising from their trading at one or several international crypto exchanges. Sometimes, state laws stand in the way for certain US-investors’ international crypto trading.
How To Start With Bitexlive.com
To start trading with Bitexlive.com ,Indian residents first have to sign up for an account by following the steps below.
Step 1. Click on the “Login/Signup” link on the top right hand corner of the Bitexlive.com website.
Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.
Step 3. If you have a referral code, enter the code while creating your account.
Step 4. Submit the form and wait for an activation email to be sent to you.
Step 5. Click on the “confirm email” link in the activation email.
Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Bitexlive.com account.
Bitexlive Trading fees
Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee.
This exchange charges a flat fee of 0.20% per trade. 0.20% is slightly below the global industry average (arguably around 0.25%).
Bitexlive.com have also noticed on the platform that there seems to be zero-fee trading on BTC, DOGE, ETH and USDT. They have not received any specific confirmation on this fact, but draw conclusion from this table on the exchange’s website.
Bitexlive Withdrawal fees
Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of crypto units withdrawn), and varies from crypto to crypto. For BTC-withdrawals, this exchange charges 0.0005 BTC. This is also below the industry average. Global industry average BTC-withdrawal fee is approx. 0.0008 BTC. All in all, with respect to the fees, Bitexlive has a competitive offering.
This trading platform offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course bad news to you if you would prefer to use your credit card for any reason. Also, the wire transfers are only possible for the TRY-deposits. For those of you out there who needs a platform where you can deposit fiat currency via credit card, or wire transfer another fiat currency than the TRY, just use Exchange Finder or the filters in Exchange List and we’ll help you find your way to the right trading platform for you.
The servers of Bitexlive.com normally spread out across the globe. This is different from centralized exchanges that normally have their servers more concentrated. This spread-out of servers leads to a lower risk of server downtime and also means that DEXs are virtually immune to attacks. This is because if you take out one of the servers, it has little to no impact on the full network. However, if you manage to get into a server at a centralized exchange, you can do a lot more harm.
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The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .