Learn more about TU’s methodology
- $1
- TradingView
- 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
Our Evaluation of Bitexen
Learn more about TU’s methodology
Bitexen is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.48 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.
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.
How we tested Bitexen
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Bitexen
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.
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We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
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- 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.
- there are no other fiat besides the Turkish lira;
- the platform does not offer investment programs;
- no demo accounts and solutions for novice traders.
TU Expert Verdict
Chief Analytics Officer
Bitexen is a cryptocurrency exchange that offers spot trading of Bitcoin, Ethereum, and over 50 other major cryptocurrencies, using its proprietary web and mobile platforms. The minimum deposit is just 1 Turkish lira, giving easy entry, while average trading commissions of 0.15% for makers and 0.25% for takers can be further offset through a cashback feature tied to holding the EXEN token. Bitexen employs cloud and cold storage with multi-level encryption, requires mandatory KYC verification, and has never experienced a hack. Operating under Turkish financial legislation, it serves both domestic and global users, accepting deposits and withdrawals via bank transfer, card, and crypto wallets.
Drawbacks include support for only one fiat currency, the lack of leverage, no access to demo accounts or passive income tools, and no support for copy trading, crypto futures, or a referral program. Bitexen also does not hold government regulatory status, limiting protections relative to Tier-1 regulated rivals. The platform may suit experienced traders seeking straightforward crypto spot trading, but is unlikely to meet the needs of beginners or those prioritizing diverse fiat options or investment features.
Bitexen Summary
| 💻 Trading platform: | TradingView in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, Turkish lira |
| 💵 Deposit / Withdrawal: | Bank accounts and cryptocurrency wallets |
| 🚀 Minimum deposit: | TRL 1 |
| ⚖️ Leverage: | No |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0.15%-0.25% |
| 🔧 Instruments: | 56 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order 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 |
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.
Bitexen Key Parameters Evaluation
Video Review of Bitexen
Regulation and Safety
With a 5.25/10 score, Bitexen demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Cold wallet storage
- 2FA
- No successful hacks history
- No facial recognition
- Not U.S regulated
Bitexen Security Factors
We also compared Bitexen against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bitexen | Kraken | OKX | |
| Tier-1 regulation | No | Yes | No |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | Yes |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Bitexen a regulated crypto exchange?
Bitexen is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Bitexen is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at Bitexen?
Yes, KYC verification is mandatory at Bitexen. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Bitexen available in the USA?
Yes, Bitexen is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Bitexen commissions and fees
Bitexen received a 5.7/10 score for its trading fees. While Bitexen is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Bitexen trading fees?
We analyzed Bitexen’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Bitexen trading fees vs competitors
| Bitexen | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.15 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.25 | 0.22 | 0.2 | 0.194 |
What are Bitexen deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.0005 BTC 0.005 ETH |
Does Bitexen offer P2P trading?
No, Bitexen does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
Bitexen received a 5.5/10 rating for its deposit and withdrawal services. While Bitexen covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- No deposit fees
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- Withdrawal fee applies
- No P2P transfer option
- No Google Pay option
Deposit and withdrawal options
Bitexen supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
Bitexen Deposit and withdrawal options vs competitors
| Bitexen | Kraken | OKX | |
| Bank transfers | Yes | Yes | No |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | No |
What is Bitexen minimum deposit?
The minimum deposit at Bitexen is 1 USD/USDT or 1 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitexen minimum deposit vs competitors
| Bitexen | Kraken | OKX | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 5 |
| Minimum trade amount, USD/USDT | 10 | 1 | 1 |
Does Bitexen support fiat money?
Bitexen supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bitexen received a score of 2.5/10 in this category, indicating a modest offering of assets and markets. While Bitexen covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Yield farming not available
- Staking not available
Bitexen supported coins and markets vs competitors
We compared Bitexen with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Bitexen | Kraken | OKX | |
| Supported coins | 56 | 278 | 329 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | No | Yes |
| NFTs | No | Yes | Yes |
Bitexen passive income options vs competitors
We also compared Bitexen with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Bitexen received a score of 5.5/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- App data protection with 2FA
- Mobile indicators allowed
- Advanced tools and automation with API
- Android App score below 4 points
- No trading bots for traders
Trading apps
Bitexen provides web and mobile apps for both Android and iOS users, with an average rating of 3.5 on the App Store and 3.5 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Bitexen platform is for mobile use.
| Bitexen | Kraken | OKX | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | Yes |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | No | Yes | Yes |
| Advanced Orders | No | Yes | Yes |
| Trading with bots | No | No | Yes |
| API | Yes | Yes | Yes |
| Extra trading platforms | No | No | No |
Does Bitexen offer a desktop app?
No, Bitexen does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Bitexen offer advanced charting with TradingView integration?
No, Bitexen does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | Istanbul, Istanbul, Turkey |
| Official site | www.bitexen.com |
| Contacts |
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