BitMake Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A crypto exchange, short for cryptocurrency exchange, is a digital platform that enables users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others for other cryptocurrencies or fiat money, such as US dollars or euros.

A crypto exchange works similarly to a traditional stock exchange where buyers and sellers can trade securities. However, instead of trading stocks, users on a crypto exchange trade digital currencies.

Crypto exchanges offer various trading pairs and different features such as market and limit orders, stop-loss orders, and other trading tools to facilitate trades. Some exchanges also provide additional services like digital wallets for storing cryptocurrencies and access to real-time market data.

There are many types of crypto exchanges, including centralized exchanges, decentralized exchanges, and peer-to-peer exchanges. Each has its own unique features and benefits, but all provide a way for users to access and participate in the cryptocurrency market .

What Is BitMake Crypto Exchange?

BitMake, founded in Dubai in 2020, is a cutting-edge cryptocurrency trading platform. Consisting of a number of experts from the financial industry and top-tier international technology companies in our team. We are proud to have secured a $50+ million investment in Series A funding. In 2022, we 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.

At BitMake, we prioritize the security and privacy of our users. That’s why we employ industry-leading technology with proprietary intellectual property rights to safeguard digital assets and sensitive information. One of our standout features is the unified trading account (UTA). This innovative functionality delivers a seamless trading experience highly valued by professional traders and investment institutions, while maintaining low entry barriers for retail users.

BitMakeCrypto 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 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. Strong and Unique Password: Use a complex password containing a mix of uppercase and lowercase letters, numbers, and special characters. Avoid easily guessable information like birthdays or common words.
2. Two-Factor Authentication (2FA): Enable 2FA for an extra layer of security. This usually involves receiving a code on your mobile device that you must enter in addition to your password.
3. Secure Email Access: Ensure that the email account associated with your BitMake account is secure. Use a strong password and enable 2FA on your email account as well.
4. Whitelist Withdrawal Addresses: If the platform supports it, whitelist specific withdrawal addresses. This ensures that withdrawals can only be made to pre-approved addresses.
5. Regularly Monitor Account Activity: Keep an eye on your account activity and review transaction history regularly. Report any suspicious activity to the platform immediately.
6. 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

Trading fees

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

Trade On Go BitMake stands out as a cutting-edge cryptocurrency trading platform that prioritizes user accessibility by proudly being 100% mobile-friendly. This means that users can seamlessly engage in trading activities using their smartphones or tablets, enjoying a responsive and intuitive interface tailored specifically for mobile devices. The platform’s commitment to mobile-friendliness ensures that traders have the flexibility to monitor real-time market data, execute trades, and manage their portfolios on the go.

With features like mobile charting tools and secure transactions, Trade On Go BitMake empowers users to make informed decisions and stay connected to the dynamic cryptocurrency market, all from the convenience of their mobile devices. This dedication to mobile accessibility reflects the platform’s responsiveness to the evolving needs of traders in an increasingly mobile-centric landscape.

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:

Official internet page: Go to BitMake’s official website. On the website, look for a “Contact,” “Support,” or “Help” section. There may be pertinent contact information supplied.

Email: Verify whether an official email address for assistance exists. You can email any questions or concerns to this address.

Real-time chat: A live chat facility is available on the website of several exchanges. Find the chat icon or option and start a chat with a customer service agent.

Social Networks: Verify if BitMake has official accounts on social networking sites like Facebook, Twitter, and so on. Social networking is used by several exchanges for customer service. You have the option to post about them or give them a direct message.

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

User-Friendly Interface

An intuitive and easy-to-use platform for both beginners and experienced traders.

Wide Range of Cryptocurrencies

Support for various cryptocurrencies and trading pairs.

Security Measures

Robust security protocols, including encryption, two-factor authentication, and cold storage for digital assets.

Trading Tools

Advanced charting tools, technical analysis indicators, and real-time market data.

Mobile Accessibility

Mobile apps or a responsive mobile website for trading on the go.

Order Types

Different order types such as market orders, limit orders, and stop orders.

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. User-Friendly Interface: If BitMake offers an intuitive and user-friendly interface, it can be beneficial for both beginners and experienced traders.
2. Security Measures: Robust security features, such as two-factor authentication, encryption, and cold storage, contribute to the safety of user funds and data.
3. Range of Cryptocurrencies: A diverse selection of supported cryptocurrencies and trading pairs can provide users with various investment options.
4. Customer Support: Responsive and helpful customer support is crucial for addressing any issues or concerns users may encounter.
5. Mobile Accessibility: If BitMake is optimized for mobile use, it allows users to trade conveniently on the go, providing flexibility in managing their portfolios.

Bad points:

1. Security Concerns: If there are past incidents of security breaches or ongoing concerns about the platform’s security, it could be a red flag.
2. Limited Cryptocurrency Options: If the exchange offers a limited selection of cryptocurrencies and lacks variety in trading pairs, it may not be suitable for those seeking diverse investment opportunities.
3. Poor Customer Reviews: Negative reviews and feedback from users regarding customer service, withdrawals, or other issues may indicate potential problems.
4. Unreliable Technology: Issues like frequent downtime, slow execution of trades, or other technical problems could impact your trading experience negatively.
5. High Fees: Excessive or hidden fees can significantly impact your profitability.

BitMake Conclusion

Dubai in 2020, BitMake has swiftly established itself as a cutting-edge cryptocurrency trading platform. Comprising a team of experts from the financial industry and top-tier international technology companies, BitMake takes pride in securing a substantial $50+ million investment during its Series A funding round. Since its launch in 2022, the platform offers a comprehensive suite of professional services, including futures trading, spot trading, and lending, catering to users across over 30 countries and regions worldwide.

Security and privacy are paramount at BitMake, where industry-leading technology with proprietary intellectual property rights is employed to safeguard digital assets and sensitive information. Notably, the platform introduces a standout feature – the Unified Trading Account (UTA), designed to provide a seamless trading experience highly valued by professional traders and investment institutions while keeping entry barriers low for retail users.

Emphasizing regulatory compliance, BitMake has obtained Money Services Business (MSB) licenses from countries like Canada and the United States. This signifies a commitment to adhering to regulatory standards. Actively pursuing global expansion, BitMake aims to reach an even broader user base around the world, underlining its dedication to becoming a trusted and accessible platform in the cryptocurrency ecosystem.

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