A crypto guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Bitexlive consists of four parts: general information, fees, deposit methods and security.
Bitexlive is one of the many cryptocurrency exchanges from Turkey. Other exchanges with head quarters in Turkey include Bithesap, Vebitcoin, Ovis, Sistemkoin, Koinim, BTCTurk, Koineks, Coinzo and Paribu.
As for the team of this exchange, the only person listed on the exchange’s website is the Founder & CEO: Halil Beydilli. The question of whether this is because there are no other members of the team, or because he is the only one who wants to reveal his identity, remains to be answered.
As far as we can tell, US-investors can trade at this trading platform. US-investors should however always try to figure out themselves whether there are any problems arising from their trading at one or several international crypto exchanges. Sometimes, state laws stand in the way for certain US-investors’ international crypto trading.
Bitexlive Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at Bitexlive:
Bitexlive Trading fees
Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee.
This exchange charges a flat fee of 0.20% per trade. 0.20% is slightly below the global industry average (arguably around 0.25%).
We have also noticed on the platform that there seems to be zero-fee trading on BTC, DOGE, ETH and USDT. We have not received any specific confirmation on this fact, but draw our conclusion from this table on the exchange’s website:
Bitexlive Withdrawal fees
Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of crypto units withdrawn), and varies from crypto to crypto. For BTC-withdrawals, this exchange charges 0.0005 BTC. This is also below the industry average. Global industry average BTC-withdrawal fee is approx. 0.0008 BTC.
All in all, with respect to the fees, Bitexlive has a competitive offering.
This trading platform offers wire transfer as a deposit method, but you can’t deposit via credit card. This of course bad news to you if you would prefer to use your credit card for any reason. Also, the wire transfers are only possible for the TRY-deposits. For those of you out there who needs a platform where you can deposit fiat currency via credit card, or wire transfer another fiat currency than the TRY, just use our Exchange Finder or the filters in our Exchange List and we’ll help you find your way to the right trading platform for you.
We run all the exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. Bitexlive received a score of B in this test. This is a very good score, and actually better than 90% of all other exchanges in our Exchange List.
Finally, the exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the crypto market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):