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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BITFRONT Review 2024
Minimum
deposit:
deposit:
- 15 USDT
Trading platform:
- TradingView
Minimum
deposit:
deposit:
- 15 USDT
Trading platform:
- TradingView
Trading features:
- LINK (LN) coin deposit
Summary of BITFRONT Crypto Exchange
BITFRONT is a high-risk cryptocurrency exchange with the TU Overall Score of 1.95 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BITFRONT clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. BITFRONT ranks 153 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
BITFRONT is a cryptocurrency exchange primarily dedicated to promoting the LINK cryptocurrency.
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.
BITFRONT is a small local exchange created in 2018 by LVC USA Inc. to launch trading with the LINK (LN) cryptocurrency. Until 2020, it was called BITBOX, after the rebranding, the exchange partially expanded the arsenal of trading instruments. LVC USA Inc. Is registered in the US as a subsidiary of the Japanese Line Corporation, whose securities are listed on the Tokyo Stock Exchange and Nasdaq. BITFRONT operates under US financial law.
| 💰 Account currency: | EUR, USD, other currencies, and cryptocurrencies |
|---|---|
| 🚀 Minimum deposit: | 15 USDT, 0.02 ETH. There is no limit for other coins |
| ⚖️ Leverage: | Absent |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with BITFRONT:
- uses TradingView charts, which are considered the most convenient in terms of scalability and tools;
- offers passive investment - the deposit on the LINK (LN) coin is 12-13% per annum;
- parent corporation (Line Corporation) guarantees support, which is one of Japan’s technology companies operating in the field of communications and e-commerce.
👎 Disadvantages of BITFRONT:
- there are only 6 cryptocurrencies and the expansion of tools is not expected;
- it has a market average level of commission, leveling the advantages of the exchange in comparison with competitors.
Evaluation of the most influential parameters of BITFRONT
Geographic Distribution of BITFRONT Traders
Popularity in
92.03%
KR
0.83%
US
0.6%
CO
0.5%
CH
0.47%
TW
0.26%
AU
0.2%
VN
0.2%
NG
1.91%
Others
BITFRONT Latest Comments for 2023 i
2 comments
Total score:
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angelineuo1
1 year ago
RamiroGot
1 year ago
Expert Review of BITFRONT
BITFRONT is a small exchange created for the specific task of promoting the LINK (LN) cryptocurrency on the global market, which was launched by the exchange developers, LVC USA Inc. The launch of the coin took place simultaneously with the rebranding carried out by the exchange, and today about 36-37% of the coin’s turnover falls on BITFRONT. About 63-64% comes from Bithumb. The coin is not included in the listing of other exchanges. In the CoinMarketCap ranking, LINK (not to be confused with the Chainlink cryptocurrency ticker) is in 226th place in terms of capitalization. The BITFRONT exchange itself was rated 4.4 out of 10 by CoinMarketCap.
The daily trading turnover of the exchange is about 143 million USD. The listing of the exchange contains 6 cryptocurrencies, including LN. The largest turnover falls on the BTC/USD pair which comprises about 65%. Since the exchange is focused on promoting its proprietary coin, the investment product is represented by a LINK deposit with a rate of about 12% per annum. The commission average for the market is from 0.1 to 0.2%. The exchange does not have its own platform for analysis but instead relies on the TradingView platform with the appropriate tools. It is integrated into the user’s account.
It is difficult to say what competitive advantages this exchange has, given the lack of commission bonuses. The choice of coins is small, and there are practically no additional products, so the future of LINK is questionable. Alternatively, you can pay attention to the possibility of arbitrage or the possibility of earning money on the coins of the exchange. The platform was created more for the personal purposes of the developers than to attract traders.
Dynamics of BITFRONT’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
BITFRONT is an exchange designed to maintain trading turnover with the LINK (LN) cryptocurrency, the developers of which are related to the Naver Corporation, LINE Corporation, and LINE Tech Plus Pte. Ltd (“LTP”). The only investment program is the purchase of LN cryptocurrency and depositing to maintain liquidity with a yield of 12.73% per annum.
LINK | Passive income on deposit
LINK is a coin created as a competitor to Ethereum. It is a blockchain ecosystem that allows users to develop their own blockchains based on it. The architecture is designed for novice developers. A person with a minimal technical level can develop and issue their own tokens based on LINK.
According to the developers, the ecosystem should become a single network with completely different blockchains in terms of tasks. At the same time, the LN token will be a link, acting as a payment instrument (for paying for content, participating in e-commerce, trading game artifacts, or exchanging with other cryptocurrencies). LINE holders can benefit in many ways, such as having an impact within the ecosystem.
To earn on LINK cryptocurrency you have to do the following:
register and pass verification;
download and install the platform wallet;
in any convenient way available buy LINK. The coin will be displayed on the balance of the wallet;
activate the deposit service on the platform website.
This rate may change throughout the year. There is no minimum deposit requirement, interest is paid once a week. Early withdrawal of the deposit is allowed.
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.
BITFRONT’s affiliate program:
The marketing policy of the platform developers does not involve attracting investors through referral programs.
Trading Conditions for BITFRONT Users
BITFRONT allows you to fund the deposit with both fiat currencies and cryptocurrencies. The terms of funding and withdrawal are loyal, commissions depend on the requirements of the network or payment method. LN trading offers lower transaction fees and no withdrawal fees.
15 USDT
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 Trading platform: | Platform based on TradingView |
|---|---|
| 📊 Accounts: | Trading multicurrency account |
| 💰 Account currency: | EUR, USD, other currencies, and cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Simplex |
| 🚀 Minimum deposit: | 15 USDT, 0.02 ETH. There is no limit for other coins |
| ⚖️ Leverage: | Absent |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Absent |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | N/A |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No |
| ⭐ Trading features: | LINK (LN) coin deposit |
| 🎁 Contests and bonuses: | No |
Broker comparison table of trading instruments
| BITFRONT | Bybit | OKX | XT.com | Paxful | Bitfinex | |
| Forex | No | No | No | No | No | 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 |
BITFRONT Commissions & Fees
Information
Experts at the Traders Union analyzed the BITFRONT tariff policy and assessed the level of commissions. The exchange charges the same commission for takers and makers, which is 0.1% of the transaction amount (for the LINK coin) and 0.2% (for other cryptocurrencies).
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.2% | Present |
The Traders Union also compared the BITFRONT tariff policy with the leading competitors. The results are shown in the table below.
| Broker | Average commission | Level |
| BITFRONT | $0.2 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2018 |
| Registration address | 3101 Park Blvd. Palo Alto, CA 94306, USA |
| Official site | https://www.bitfront.me/ |
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FAQs
Do reviews by traders influence the BITFRONT rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about BITFRONT you need to go to the broker's profile.
How to leave a review about BITFRONT on the Traders Union website?
To leave a review about BITFRONT, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about BITFRONT on a non-Traders Union client?
Anyone can leave feedback about BITFRONT 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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