BitShares Asset Exchange logotype

BitShares Asset Exchange N/A

3 from 1 vote
Cryptos Supported (3)

Fees

Taker fee

N/A

Maker fee

N/A

Withdrawal fee

Bitcoin Logo 0

Funding methods

Wire Transfer

Cross

Credit Card

Cross

Crypto

Yes

US Investors Permitted

Yes

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BitShares Asset Exchange Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of BitShares Asset Exchange consists of four parts: general information, fees, deposit methods and security.

General Information

BitShares Asset Exchange is a so called “decentralized exchange”. Decentralized exchanges are becoming increasingly more popular. They are definitely gaining market shares against their centralized counterparts.

Decentralized exchanges do not require a third party to store your funds, instead, you always directly control your coins and conduct transactions directly with buyers/sellers. Decentralized exchanges normally do not require you to give out personal information either. This makes it possible to create an account and right away be able to start trading. The servers of decentralized exchanges spread out which leads to a lower risk of server downtime. However, decentralized exchanges as opposed to regular top crypto exchanges normally have an order book with lower liquidity than the regular top crypto exchanges.

The core client relase of this exchange is available for download here: https://bitshares.org/download.

BitShares Asset Exchange does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still do their own independent analysis of any problems arising from their residency or citizenship. In a worst-case scenario, they are prohibited from trading at the best cryptocurrency exchange site for them (maybe this one).

BitShares Asset Exchange 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 trading 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 cryptocurrency 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 ascertain that it feels right to you. The trading view of BitShares Asset Exchange looks as follows:

BitShares Asset Exchange Trading View

BitShares Asset Exchange Fees

The one thing you must not forget is to check the fees of an exchange that interests you. We have not been able to find BitShares Asset Exchange’s trading fees or withdrawal fees. This is potentially a risk for you as an investor. Why? Well, if the fees are not informed of anywhere we believe there is a higher risk that they are high. Accordingly, we strongly urge you to make you own analysis of the fees at this exchange before depositing any funds to it and before concluding that it is the best cryptocurrency exchange site for you.

Deposit Methods

BitShares Asset Exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors can’t trade there. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then deposit them here.

BitShares Asset Exchange Security

The servers of decentralized exchanges normally spread out across the globe. This is different from centralized exchanges that normally have their servers more concentrated. This spread-out of servers leads to a lower risk of server downtime and also means that decentralized exchanges are virtually immune to attacks. This is because if you take out one of the servers, it makes little to no difference for the network of servers in its entirety. However, if you manage to get into a server at a centralized exchange, you can do a lot more harm.

Also, if you make a trade at a decentralized exchange, the exchange itself never touches your assets. Accordingly, even if a hacker would somehow be able to hack the exchange (in spite of the above), the hacker can not access your assets. If you make a trade at a centralized exchange, however, you normally hold assets at that exchange until you withdraw them to your private wallet. A hacker can therefore hack a centralized exchange and steal your funds held at such exchange.

As this exchange is a decentralized exchange, we feel that it is appropriate to award it a security score of A+ (regardless of its score in the Mozilla Observatory-test).

***

Finally, as mentioned above, this is a decentralized exchange. Decentralized exchanges are still a minority on the cryptocurrency exchange market, with the centralized exchanges still dominating the field (mostly due to better liquidity). In any event, if you’re looking for a decentralized exchange, you could also check out the following quite popular ones:

  1. DDEX
  2. Ethermium
  3. Cryptobridge
  4. Counterparty DEX
  5. Bibox
  6. EtherDelta
  7. AirSwap.io
  8. Fcoin Exchange
  9. Switcheo Network

BitShares Asset Exchange compared with other cryptocurrency exchanges