20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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Bitexen Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Trading features:
- All major cryptocurrencies and tokens, your EXEN token with a financial benefit for its retention, the TRL is the only fiat, there is no investment and an affiliate program, there is a cashback and rebates from the Traders Union
Summary of Bitexen Crypto Exchange
Bitexen is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.96 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitexen clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. Bitexen ranks 54 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The Bitexen crypto exchange attracts users from all over the world with simplified spot trading with favorable conditions. The initial commission on trades is average, but there are two ways to reduce it. Another plus at the start is a low entry threshold: basic registration and a minimum deposit of 1 Turkish lira. The platform uses cloud storage, multi-level encryption, and some funds are kept in cold storage, which provides a high level of protection against scammers. For three years of existence, the exchange has not been hacked. It operates under the financial legislation of Turkey.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
Bitexen is a cryptocurrency exchange that offers spot trading in Bitcoin (₿) and altcoins. Litecoin (Ł), Ethereum (Ξ), Tether (₮), Bitcoin Cash, Ripple, other cryptocurrencies, and coins are also traded on the platform. The Turkish lira is the only fiat fund. There are several deposit and withdrawal options, including bank transfers and crypto-wallets. Average commissions are 0.15% for a maker, and 0.25% for a taker. The fees of the platform are fixed, it is impossible to reduce them due to the trading volume. But there is an opportunity to get a cashback thanks to the holding of the EXEN token, and rebates are also available through the Traders Union. The crypto exchange is focused on active trading, advisors, and indicators are allowed, and there is API support. There are no investment solutions or referral programs. The platform has a low starting deposit (only 1 Turkish lira or equivalent in another asset). Contests are regularly held among traders.
| 💰 Account currency: | Cryptocurrencies, Turkish lira |
|---|---|
| 🚀 Minimum deposit: | TRL 1 |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, TRL |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with Bitexen:
- Bitcoin, many altcoins and coins are traded on the exchange;
- no restrictions on trading strategies, and API support;
- simple trading terminal, convenient mobile application;
- multilevel encryption for security;
- the activities of the exchange are regulated by government agencies;
- profitable commissions are reduced via cashback;
- prompt technical support via tickets and email;
- the pool of assets is constantly replenished through open listings.
👎 Disadvantages of Bitexen:
- there are no other fiat besides the Turkish lira;
- the platform does not offer investment programs;
- no demo accounts and solutions for novice traders.
Evaluation of the most influential parameters of Bitexen
Geographic Distribution of Bitexen Traders
Popularity in
85.3%
TR
8.7%
Others
Bitexen Latest Comments for 2023 i
20 comments
Total score:
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Expert Review of Bitexen
The crypto exchange was launched on May 4, 2018. The headquarters is located in Istanbul (Turkey). The exchange is regulated by two bodies — the Financial Markets Council of Turkey and the Central Bank of the Republic of Turkey. The exchange acts transparently. Also, there is no evidence of violations of financial legislation, avoiding taxes, scams, or unresolved conflicts with clients.
The exchange is well known in Turkey as a reliable partner and is becoming an increasingly popular platform in the world market. Users are attracted by simple registration and a low minimum deposit (1 Turkish lira) with a high level of security. A cold storage method of protecting funds and its own encryption system are employed. The platform has never been hacked, and the level of protection meets modern standards.
Commission fees are average for the market and may be reduced due to its internal cashback system and rebates from the Traders Union. The exchange’s proprietary coin is the EXEN, which is actively traded as holding it in the account provides financial benefits. There were no glitches on the platform. Beginners should take into account that there are no demo accounts, tutorials, or other specialized solutions that could make it easier for them to trade.
The exchange is not suitable for investors, since there is no staking or other options for passive earnings on it. Interestingly, there is not even a referral program, although on most exchanges such programs are actively promoted to attract new customers. This may indicate that the exchange is self-sufficient, has a significant trading volume, and does not need additional stimulation of client interest to gain customers.
Dynamics of Bitexen’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The cryptocurrency exchange does not offer investment programs, and there is not even staking. Consequently, the clients of this platform will not be able to provide themselves with passive income. However, this is offset by a wide range of possibilities and modern solutions involving crypto trading.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bitexen’s affiliate program:
The exchange does not provide affiliate (referral) programs. Clients of the platform can invite new users to it, but they will not receive bonuses and financial benefits for this. As in the case of investment programs, this is neither an advantage nor a disadvantage, but a specific feature of the platform.
Trading Conditions for Bitexen Users
To trade on the Bitexen cryptocurrency exchange, a trader needs to go through the registration and verification procedure (verify identity). Ther simple verification acts as reliable protection against fake accounts and scammers. After that, you need to deposit to the account, the size of which is equal to the minimum of one Turkish lira (1 TRL) or more. It is not necessary to deposit lira, you can use any cryptocurrency or coin from the platform. The exchange does not provide users with leverage. This means that the clients of the platform can trade relying only on their own assets. On the one hand, such a limitation reduces risks, on the other hand, it does not allow obtaining additional benefits from successful trading. The exchange has a high-quality support service. It works without breaks and on weekends, but you can only contact it through the ticket system on the website and by email. The exchange does not have a call center, which is assessed as a great disadvantage.
$1
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 Trading platform: | TradingView in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, Turkish lira |
| 💵 Replenishment / Withdrawal: | Bank accounts and cryptocurrency wallets |
| 🚀 Minimum deposit: | TRL 1 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, TRL |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | All major cryptocurrencies and tokens, your EXEN token with a financial benefit for its retention, the TRL is the only fiat, there is no investment and an affiliate program, there is a cashback and rebates from the Traders Union |
| 🎁 Contests and bonuses: | Yes |
Broker comparison table of trading instruments
| Bitexen | Bybit | OKX | XT.com | Binance | Phemex | |
| Forex | No | No | No | No | Yes | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
Bitexen Commissions & Fees
Information
Base commission fees for trading operations at the platform are fixed. For a maker, the commission is 0.15%, for a taker, it’s 0.25% of the trade amount. The commission is not affected by how long the client has been trading on the exchange. There are no trading levels or volume discounts.
You can reduce the commission using bonuses in the form of rebates given by the Traders Union. However, the platform also has its own mechanism for reducing fees using the cashback system. No additional steps are required to activate this option. You only need to have a sufficient amount of EXEN token in your wallet:
You can reduce the commission using bonuses in the form of rebates given by the Traders Union. However, the platform also has its own mechanism for reducing fees using the cashback system. No additional steps are required to activate this option. You only need to have a sufficient amount of EXEN token in your wallet:
-
EXEN 0 - no discount;
-
EXEN 10 - 10% discount;
-
EXEN 20 - 20% discount;
-
EXEN 30 - 30% discount;
-
EXEN 50 - 40% discount;
-
EXEN 100 - 50% discount.
Keeping only EXEN 10 in his account gives the client a 10% cashback from all his trading commissions. If the client has EXEN 100 in his account, half of the commission paid is returned to him. In combination with rebates from the Traders Union, users of the platform are provided with the opportunity to gain super-profitable trading conditions.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.25 % per order | Yes |
Commissions for depositing funds are zero, regardless of the deposit channel used by the client. Withdrawal fees are available and they depend only on the asset but do not depend on the withdrawal volume and other factors. For example, the USDT withdrawal fee is $22, and the Bitcoin withdrawal fee is ₿0.0005. These are standard indicators in the segment that correspond to the conditions of most other crypto exchanges.
| Broker | Average commission | Level |
| Bitexen | $0.25 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2018 |
| Registration address | Istanbul, Istanbul, Turkey |
| Official site | www.bitexen.com |
| Contacts |
Email:
destek@bitexen.com,
|
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FAQs
Do reviews by traders influence the Bitexen rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Bitexen you need to go to the broker's profile.
How to leave a review about Bitexen on the Traders Union website?
To leave a review about Bitexen, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about Bitexen on a non-Traders Union client?
Anyone can leave feedback about Bitexen on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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