Bitmax.io Reviews: SCAM or LEGIT?

Bitmax.io Review
3.7

Summary

BitMax is.io – like so many other exchanges – registered in Singapore. The team behind the exchange is spear-headed by three individuals: Han Liu, Ariel Ling and George Cao (George being founder and CEO). These individuals all have experience from asset management, banking and finance.PAYING

Sending
User Review
4 (1 vote)

Monitored:
50 Days

Initial Deposit:
no minimum

Referral Program:
10% of the tx fees

BitMax.io, an innovative next-generation digital asset trading platform, in the mission to support financial market innovation and advancement of digital asset economy. The BitMax.io team hopes that through building upon a series of open and fair market rules, BitMax.io would be able to boost the liquidity of overall market, enhance market depth, and support the blockchain structural optimisation. Leveraging blockchain technology as well as BitMax.io team’s deep global trading and management expertise across traditional finance and Internet industries, BitMax.io aims to establish a leading global trading platform that provides a broad range of trading products and services for global retail and institutional clients with its relentless focus on transparency, reliability and quality execution and client services.

Bitmax.io Exchange

Bitmax.io Trading View
bitmax.io - Exchange

Transparency:
Bitmax.io can support real-time settlement and consistent 24-hour trading operations with transparency of all the transaction records upon request.

High-Performance Design:
Friendly trading environment with support for API and web / H5 / APP access. With estimated processing speed at 400k transactions per second, the API interface supports multiple order types and provides trading support across retail clients to professional traders and investors.

Security:
Multi-level firewalls is set up to monitor system data processing in real time. In the area of digital asset security, multi-signature requirements and combination of hot and cold wallet solutions are implemented to provide security for digital assets of customers.

Trading Products:
BitMax.io provided the support to the following mainstream tokens:
• BTC • ETH • BCH • LTC • USDT • Other top ERC20 tokens.

Market Liquidity:
BitMax.io team has reached out to a number of domestic and foreign trading partners who have indicated that they would commence their trading on the platform of BitMax.io upon the launch and help supporting the adequate liquidity for the platform.

Bitmax.io Fees

Bitmax Trading Fees:
Bitmax charges a flat fee of 0.04% per trade. This is a very competitive fee, especially considering that the global industry average is arguably around 0.25% (more than 6 times higher).

Bitmax Withdrawal Fees:
For BTC-withdrawals, this exchange charges 0.0005 BTC. This is also slightly below the industry average. Global industry average BTC-withdrawal fee is approx. 0.0008 BTC.

What is BTMX?

BTMX is a major component of the ecosystem on BitMax.io, and is designed to be used solely as the primary token on the platform.

BTMX will be used as the unit of exchange for all services and operations offered on BitMax.io. For example, BitMax.io will charge a fee in BTMX for withdrawals of virtual currencies. Users of BitMax.io may pay BTMX for transaction fees, calculated based on a percentage of the transacted amount. The usage of BTMX to pay transaction fees (instead of other tokens) would entitle that user to a possible preferential transaction fee based upon the level of membership that the user can purchase using BTMX.


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Disclaimer: This article should not be viewed as an endorsement of any of the services mentioned. Please do your own research before considering investing any funds. You should never make an investment into any online program if you do not know what you are doing.


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Bitmax.io Review