BitMake Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, sometimes known as a crypto exchange, is a digital platform via which users may buy, sell, and trade cryptocurrencies. These platforms act as middlemen, facilitating the trade of one cryptocurrency for another or for traditional fiat currencies such as the US dollar, euro, or others.

Crypto exchanges provide a variety of trading pairs, which define the cryptocurrencies that can be swapped for one another. The BTC/USD trading pair, for example, allows users to exchange Bitcoin for US Dollars.

On crypto exchanges, users can place various sorts of orders, such as market orders (executed immediately at the current market price) and limit orders (performed when the price reaches a particular level established by the user).

Due to the digital nature of cryptocurrencies, security is a vital feature of crypto exchanges. To protect users’ assets, reputable exchanges use security methods including as two-factor authentication (2FA), cold storage of funds, and frequent security audits.

What Is BitMake Crypto Exchange ?

BitMake, founded in Dubai in 2021, is a cutting-edge cryptocurrency trading platform. Consisting of a number of experts from the financial industry and top-tier international technology companies in team. We are proud to have secured a $50+ million investment in Series A funding. In 2022, launched our trading platform, offering a range of professional services including futures trading, spot trading, and lending. Our platform caters to users from over 30 countries and regions worldwide.

BitMake Crypto Exchange Quick Facts

How To Register At BitMake Exchange?

To register on BitMake , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

BitMake Exchange Supported Countries

BitMake Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on BitMake .

How To Verify Your BitMake Cryptocurrency Account ?

There is no mandatory verification at BitMake , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the BitMake , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At BitMake Crypto Exchange?

There are two main options for topping up your balance on BitMake . Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From BitMake Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your BitMake Account ?

There are several steps you can take to help secure your BitMake account and protect your funds:

1. Use Strong, Unique Passwords : Make a strong password with a mix of uppercase and lowercase letters, numbers, and special characters. Avoid using information that is easily guessed, such as your name, birthdate, or common words.
2. Enable Two-Factor Authentication (2FA) : As an added degree of security, BitMake and most other cryptocurrency exchanges provide 2FA. Enable two-factor authentication with a mobile app such as Google Authenticator or Authy.
3. Use a Hardware Wallet : Consider adopting a hardware wallet such as Ledger or Trezor for long-term storage of your cryptocurrency. These gadgets are more secure than storing your assets on a trading platform.
4. Regularly Update Your Password : Change your password on a regular basis to reduce the possibility of someone guessing it or gaining it through a data breach.
5. Be Cautious of Phishing Scams : Keep an eye out for fraudulent emails or websites impersonating BitMake. Before inputting your login credentials, always double-check the website or email’s legitimacy. Check the URL to ensure you’re on the official BitMake website.
6. Secure Your Email Account : Password resets for your cryptocurrency accounts are frequently handled through your email account. Use a strong password for your email and, if possible, enable 2FA.
7. By taking these steps, you can help protect your BitMake account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

BitMake has a tiered fee structure for all futures markets, as follows: 

Spot Trading Fees：

Taker(Buy/Sell) 0.1%，Maker(Buy/Sell) 0.1%。

Futures Trading Fees：

• Taker is an order placed directly by the user at the current market price. Maker is an order that the user pre-sets a certain transactions price and waits until the price is set and the system automatically places an order;
• The statistical time of the Fee Tier is UTC 00:00:00;
• Subusers enjoy the same Fee Tier of authority as the main user.

Trade On Go BitMake Is 100% Mobile Friendly

That’s fantastic to learn that Trade On Go BitMake is completely mobile-friendly! In today’s fast-paced financial markets, having a mobile-friendly trading platform is critical since it allows customers to trade and manage their investments on the go using their smartphones or tablets. Mobile-friendly systems let traders to stay up to date on market movements, conduct trades, and access their accounts whenever and wherever they need to.

How To Contact BitMake Customer Support Team?

If you need help with your BitMake account or have any questions, you can contact BitMake customer support through the following methods:

Go to the Official Site: If BitMake has an official website, go to it. Contact information, including a customer support or contact us page, is normally found in the website’s footer or in the “Contact” section.

Email Support: On their website, look for an email address for customer support. Send an email outlining your problem or request. Include any pertinent information, such as your account information or order number, if appropriate.

Phone Support: Look for a customer service phone number on their website. Call this number and follow the directions to speak with a customer service representative.

Social Media: Check to see if BitMake has official social media presence (for example, Twitter, Facebook, and Instagram). You might be able to send them a direct message or find other ways to reach them there.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that BitMake customer support can assist you efficiently.

Features Of BitMake Crypto Exchange

Cutting-Edge Platform

BitMake is described as a cutting-edge cryptocurrency trading platform, implying that it provides traders with modern and advanced capabilities.

Experienced Team

The platform has a team of specialists from the financial industry and top-tier international technology organizations, which may add credibility and competence to the platform.

Series A Funding

BitMake received a significant investment in the amount of $50 million or more in Series A funding, suggesting solid financial backing and the potential for growth and development.

Global User Base

BitMake’s platform is accessible to users from over 30 nations and regions around the world, implying a global reach and accessibility.

Security and privacy

The platform prioritizes security and user privacy. They claim to protect digital assets and sensitive information using industry-leading technology and proprietary intellectual property rights. Because security is such an important concern in the bitcoin sector, this commitment to security is critical.

Global User Base

BitMake’s platform is accessible to users from over 30 nations and regions around the world, implying a global reach and accessibility.

User Experience (UX) and User Interface (UI)

A user-friendly interface can greatly simplify trade and platform navigation.

Cryptocurrencies accepted

Check if the exchange accepts the coins you want to trade.

Liquidity

High liquidity can make it easier to execute trades at the pricing you want.

BitMake Good Or Bad Points

BitMake is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using BitMake :

Good points:

1. Cutting-Edge Technology: BitMake bills itself as a cutting-edge cryptocurrency trading platform, which may appeal to those looking for advanced and unique trading options.
2. Experienced Team: The presence of specialists from the financial industry and top-tier international technology firms on the team can provide users confidence in the platform’s credibility and knowledge.
3. Significant Investment: Securing a $50+ million investment in Series A fundraising implies that BitMake has attracted significant attention and financial support, which can help it expand and thrive.
4. Diverse Range of Services : BitMake provides a wide range of professional services, including futures trading, spot trading, and loans, to meet the different demands of bitcoin traders.
5. Global Reach : BitMake’s user base spans over 30 nations and regions globally, giving it access to a large international market.

Bad points:

1. Lack of Track Record: As a platform formed in 2021, BitMake may lack a long track record of performance and reliability when compared to more established cryptocurrency exchanges.
2. Regulatory Risks: The cryptocurrency sector is vulnerable to changing regulatory frameworks in various countries, and legislative changes can have an impact on the platform’s operations and user experience.
3. Competition : The bitcoin trading sector is extremely competitive, with numerous established exchanges fighting for users’ attention. BitMake will have to stand out in order to attract and maintain consumers in this crowded market.
4. Market Volatility: Cryptocurrency markets are notorious for their tremendous volatility, which may result in both huge gains and significant losses for traders. Users should be informed of the dangers of bitcoin trading.
5. Security Concerns : While BitMake highlights its dedication to security, no platform is immune to security breaches or hacker attempts. When utilizing any bitcoin exchange, users should exercise caution and implement necessary security precautions.

Is BitMake Is Safe Platform To Trade ?

Examine whether the platform is governed by a respected financial authority in the jurisdiction in which it operates. Some amount of security and oversight can be provided by regulation. Examine the security features of the platform, such as encryption, two-factor authentication, and cold storage for cash. A safe platform is less susceptible to hacking and theft.

Web searches for news or incidents relating to the platform, and see whether it has a history of security breaches to learn more about its reputation. Examine the platform’s customer service offerings. If you have problems with your account or transactions, responsive and helpful customer service can be invaluable.

Understand the platform’s fee structure, including trading fees, withdrawal fees, and any other expenses. High fees can have a big influence on your business. A simple user interface might make trading easier, especially if you are a newbie.

In summary, BitMake has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

BitMake Conclusion

Finally, BitMake, created in Dubai in 2021, is a cutting-edge cryptocurrency trading platform with a strong staff of finance and technical specialists. The firm successfully raised more than $50 million in Series A funding and plans to launch its trading platform in 2022, offering professional services like as futures trading, spot trading, and loans to users from more than 30 countries and regions worldwide. BitMake prioritizes user security and privacy, leveraging cutting-edge technology and proprietary intellectual property rights to safeguard digital assets and sensitive data.

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