BitMake Exchange Review- Is BitMake.com Safe?

BitMake.com is a UAE-based cryptocurrency exchange which was founded in 2020 by crypto experts all around the world. Serving in 30 countries, BitMake’s team has put all the effort into making this exchange exceptional due to its features and services at the global level.

BitMake trading platform has utilized advanced technologies to secure the digital assets of the users and offers the safest, most reliable and profitable trading in 30+ countries. The uniqueness of the BitMake trading platform lies in its unified margin mechanism and the Cross-Margin Model.  

Products of BitMake

BitMake.com offers most of the crypto solutions and has unique crypto-related products which are discussed below;

• Futures Trading

BitMake futures are unique because they involve stablecoin deposits for security, and profits or losses are settled in stablecoins. Key indicators like PnL, Average Open Price, and Break-Even Price are important.

• Spot Margin Trading

In spot trading, you get immediate ownership of the trading digital assets. Users can also short-sell on spot markets and trade with borrowed money from other BitMake users who want to earn from their assets. Lenders set the rates, paid hourly, and can recall their loans anytime, getting their money back within an hour.

Also Read: Tapbit Cryptocurrency Exchange Review 2023- Check If Tapbit.com Is the Right Crypto Exchange for You

• Lending

BitMake.com trading platform ensures interest payments for the duration your money is borrowed, even if the borrower faces liquidation, removing worries about counterparty risk. There are no fees for lenders, and borrowers directly pay interest. Once lent, your assets are locked and can’t be withdrawn or used for other purposes, but might serve as maintenance margins to prevent liquidation.

• Borrowing

You can borrow tokens if you have enough margin, even if your account balance is low. As long as your total collateral covers the borrowing needs, you can use commands like buy, sell, deposit, or withdraw normally.

BitMake Supported Cryptocurrencies

BitMake crypto exchange supports multiple cryptocurrencies for leveraged, futures and spot trading. Moreover, BitMake.com also offers lending and borrowing on the holding of cryptocurrencies.  BitMake cryptocurrency exchange supports 10 different crypto pairs for trading which includes significant assets like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Tron (TRX)

Fee Structure of BitMake

BitMake cryptocurrency exchange has a proper fee structure depending on the type and volume of the trading. The fee structure is comparatively low as compared to the other exchanges and well justified. In Spot trading, both maker and taker will have to pay a fee of 0.1% which is quite low and in futures trading, there is a proper table based on the volume of the trade.

BitMake Mobile Application

BitMake cryptocurrency exchange has a very dynamic mobile application which has made it easier for people to navigate their digital assets and trading. This mobile application is available for both Android and iOS users. Through this mobile application, crypto users can trade digital assets, manage their accounts and access real-time market data.

Is BitMake Safe?

Although BitMake.com is considered to be a new exchange still it is regarded as the safest and most secure cryptocurrency exchange. It requires Google Authentication at the time of registration and can be enhanced with other security features.  You can also set an anti-phishing password after registration and authentication. Moreover, you can manage the account with Address Management in a secure way.

Customer Support Services

BitMake.com cryptocurrency exchange offers customers support services 24/7 via emails and a chatbox. Moreover, you can reach out to BitMake’s team through social media platforms like Discord, Telegram, Medium and Twitter. Answers to the most common queries can be found in the extended FAQ section of the website.

Pros and Cons

Pros

• User-friendly interface
• High liquidity
• Low transaction fee

Cons

• Limited supported coins
• Security issues with some accounts of the users

Conclusion

BitMake.com is a safe and easy-to-use platform for trading cryptocurrencies. It protects users’s assets, offers various currencies, simplifies trading, and reduces risks. It has great features like a Unified Trading Account, high security, live chat support, and a mobile app with advanced tools. Overall, BitMake is a reliable choice for cryptocurrency trading.