{"id":14953,"date":"2019-06-30T00:00:00","date_gmt":"2019-06-30T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/06\/30\/bitforex-review\/"},"modified":"2023-03-28T16:30:02","modified_gmt":"2023-03-28T16:30:02","slug":"bitforex-review","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitforex-review\/","title":{"rendered":"Bitforex review, everything you need to know about this cryptocurrency exchange"},"content":{"rendered":"

The cryptocurrency exchanges have become a fundamental part of the crypto economy, thanks to them, anyone can enter the world of cryptocurrencies and make an investment in a simple way<\/strong>. That is why knowing its operation and knowing which ones are best suited to our needs is essential. In this review we will talk about Bitforex<\/strong> one of the leading cryptocurrency exchanges<\/a><\/strong> in the industry.<\/p>\n

Bitforex<\/strong><\/h2>\n

Headquartered in Hong Kong, since its inception in 2018 Bitforex has become one of the exchanges with the highest volume of transactions,<\/strong> the platform has independent operating teams in Korea, Singapore, the Philippines, Malaysia and Japan.<\/p>\n

The initial financing of Bitforex was made through the investment of several institutions among which we can highlight, Genesis Capital, QTUM or TRON<\/a>, among others, as well as crypto-investors who made an investment of more than 20 million dollars.<\/p>\n

The exchange has more than 300 pairs to trade, a great liquidity and a secure and stable environment.<\/p>\n

Creating an account in Bitforex<\/strong><\/h3>\n

To start the process of creating the account in this exchange, just click on Sign Up<\/a><\/strong>, located on the top right corner of the page.<\/p>\n

This will give us access to the registration form.<\/p>\n

\"bitforex<\/p>\n

Bitforex allows you to create an account using an email or a phone number, the change between one and another can be selected from the bottom left of the registration box, marked on the image with the number 3.<\/p>\n

In this review we will create the account using an email address<\/strong>.<\/p>\n

To do this we must fill in the 3 boxes marked with the number 1 in the image. When we have added the registration email address and a password (with at least one uppercase letter, a lowercase letter, a number and 8 or more characters) we will press the SEND button, with which a 6-digit code will be sent to the email address used for the registration, code that we must type in the third box before 60 seconds.<\/p>\n

Once this is done, we will only have to press Sing Up to finish the creation of the account.<\/p>\n

If for this process we use a telephone number, the steps are the same, only that instead of providing an email address for the registration we must put a phone number and instead of receiving an email with a 6-digit code, what will be received is an SMS.<\/p>\n

\"bitforex<\/a><\/p>\n

Bitforex interface<\/strong><\/h3>\n

Before starting to use the Bitforex cryptocurrency exchange, it is convenient to know the possibilities that this offers us.<\/p>\n

\"bitforex<\/a><\/p>\n

Home<\/strong><\/h4>\n
Menu (1)<\/strong><\/h5>\n

From the menu bar we can access the different sections of the exchange:<\/p>\n

Exchange<\/strong>: As its own name indicates, from this part of the menu we will access the trading section, where the cryptocurrency exchanges can be made.<\/p>\n

Referral<\/strong>: Bitforex has a referral program, which works as follows:<\/p>\n

When inviting a user with a referral link, a commission will be obtained for each transaction that this user completes.<\/p>\n

There are up to 3 levels of referrals: The level 1 referrals are those that have been registered in Bitforex directly a referral link. Level 2 are those that are registered through the referrals of level 1 and level 3 will be those that come from those of level 2.<\/p>\n

The commissions they generate depend on their level and are divided into the following scale:<\/p>\n