BitShares Asset ExchangeDecentralized
US investors permitted
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.
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. One decentralized exchange that has grown very big lately and that you should also check out is Mercatox.
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.
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 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.
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
BitShares Asset Exchange’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
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: