Bithesap.com is an entry level Turkish Bitcoin exchange. They have to mention they will be taking a bit of an outsider’s approach in this review, as they are not based in the country and furthermore, they had issues with registering an account. That being said, they will attempt to do so in the future and update this review.
Bithesap is a Turkish cryptocurrency exchange offering two trading pairs: BTC / TRY and LTC / TRY. The platform is aimed at customers who need help with cryptocurrency trading services, you can safely sell, buy, exchange such as Bitcoin and Litecoin with reference to the Turkish Lira (TRY) here.
How To Start With Bithesap.com
To start trading with Bithesap.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 Bithesap.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 Bithesap.com account.
Bithesap Trading fees
As you know, there needs to be at least two parties in a trade. In cryptocurrency trading, they name these different parties different things (not just party one and party two). The party whose order exists on the order book prior to the trade is called the maker.
The party who sees the maker’s order and decides that “yeah, that’s good enough for me and I’m gonna go ahead and accept that order” is the taker. As the makers provide the liquidity to the exchange, they are often provided with a discount on the trading fees compared to the takers. That is the case also at Bithesap.
Bithesap offers a taker trading fee of 0.40% and a maker trading fee of 0.25%. This is slightly above the industry average taker fee. The global industry average is arguably around 0.25%, so Bithesap is 60% above that.
Bithesap Withdrawal fees
You can’t really have a conclusive opinion on the fees charged at a certain exchange without also looking at the withdrawal fee. Bithesap charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the industry average and constitutes an advantage for this exchange (from a customer-perspective).
Cryptocurrency exchanges are the new “banks”. Only that it’s not Jesse James with a shotgun running into your cryptocurrency exchange telling everybody to lie down and put their hand over their heads, its people behind their computer screens appropriating assets from innocent victims. Examples of successful hacks are countless. The most famous is probably the Mt.Gox-hack that left thousands of users without a penny (worth $450 million at that time and many times more today). But many other exchanges have faced similar outcomes.
Simple Way of Trading –
While Bithesap.com weren’t able to access the platform provided by Bithesap, the website claims to offer a simple interface. They will try to register an account with them in the future, to see the actual platform.
Reliable Crypto Currency Trading Platform
The most advanced security features and protection. Offline storage of digital assets cold storage.
Turkey’s fastest Bitcoin and Altcom the platformu. the Quick Buy / Sell orders Transmission.
Uninterrupted service and high accessibility. Uninterrupted service in fast price movements.
Return to your problems and needs as soon as possible.Quick Identity Verification and money transfers.
The team at Globitex claims to offer “Friendly and Responsive Customer Support”. In order to speak with a support agent, you have two options. You can either fill out an online support ticket via your account or send an email directly at [email protected] .