Global Cryptocurrency Exchange BitForex Reliability

Cryptocurrency Company

BitForex is an exchange that is said to have more than 1 million users worldwide. Leverage up to 100 times on Singapore-based crypto exchanges. We have expanded our users to 180 countries around the world, and we are still expanding. It is popular with traders because of its simple screen configuration, which is very easy to trade. It is also known that transaction fees are low, and both manufacturer fees and taker fees can be traded at around 0.1%. There are 300 currencies available, so you shouldn’t be in trouble.


Company information

BitForex is a cryptocurrency brand operated by Bitforex Limited. The cryptocurrency trading service will be available in 2018, and it can be said that it is still an emerging company.

Company NameBitforex Limited.
Headquarters locationSingapore
Business start date2018
number of employeesUnpublished


A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is BitForex licensed? It doesn’t have a license yet. It is a little worried.

Whether or not withdrawal is refused

It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about BitForex, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.

Case studyContents
Withdrawal information errorYou cannot withdraw if the withdrawal destination is incorrect.
Under maintenanceWithdrawals may be delayed during system maintenance.