BitForex

Table of Contents

Introduction

BitForex is a centralized cryptocurrency exchange (CEX) headquartered in Hong Kong, established in 2017. It aims to offer its users a secure, professional, and convenient trading experience.

Company Stats

Foundation date	2017
Headquarter	Hong Kong
CEO	Jason Luo
Trading volume	2 billion

Technology

BitForexoffers various tools such as spot trading, perpetual futures, turbo starter, and other financial services.The exchange boasts a vast selection of over 500 different coins available for trading, which can be beneficial for traders who are interested in exotic altcoins. BitForex offers an affiliate program that provides 30% of all trading fees generated by referred users, which is unlimited and not restricted by time. BitForex also offers staking services, with competitive rates for USDT, BTC, and ETH for a 180-day staking period.

The platform is available for desktop and mobile users via a native mobile application. BitForex has a flat spot trading fee of 0.10% for both takers and makers and charges takers 0.06% and makers 0.04% for contracts trading. Its fees are below average for spot trading and below average for takers but above average for makers for contract trading. BitForex charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal, which is in line with the industry average.

Management team

Jason Luo is the Founder & CEO of BitForex. The company claims to work with people from 10 different nationalities working across South Korea, Russia, Germany, the United Kingdom, France, and more. However, the official website doesn't reveal the identities of the company's members.