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Bitstorage Review – Is Bitstorage Scam or Legit?

Bitstorage Exchange Rating
Account Types9.3
Trading Speed8.9
Customer Service9.5
Safety9
9.2
Conclusion
Read our Bitstorage review and learn why we recommend this exchange for online trading and why it is not a scam, learn all you need to know in this Bitstorage review before you sign up with the exchange.

Bitstorage Review

Bitstorage logo

There have been numerous developments in the realm of internet trading as a result of time and experience. There have been and will continue to be millions of traders who have participated in and will partake in this market. The number of trading platforms, on the other hand, has increased significantly. You must, however, be certain that you choose the trading platform that is most fit for your needs and interests before you begin trading. BitStorage is one of auch platforms and this is a Bitstorage exchange review

The criteria and needs of each trader when it comes to a trading platform are distinct from the other traders. A large number of them are highly experienced traders who need a much more advanced trading platform on which they can put their abilities to the test. The other group, on the other hand, is on the lookout for a trading platform that is considerably more user-friendly and straightforward to use. However, you should always select a trading platform that is the best fit for your specific needs. When you use the Bitstorage platform, you will be able to trade online assets, and you will have access to customer care specialists who will help you with your transactions.

Exchange PlatformBitstorage
Official Websitehttp://bitstorage.finance/
Variety Crypto36
Account Neededyes
Verification Steps2
Trading PlatformWeb based.
Paymeny MethodCredit card, e-payment (skrill, web-money etc)
Customer ServiceTwitter, facebook, Instagram, linkedIn, email

What is Bitstorage?

BitStorage Finance is a one-of-a-kind cryptocurrency exchange that was established with the aim of making cryptocurrency trading more convenient and reliable. ” For many years, BITStorage Finance has been linked to the most famous and well-known payment service in the internet community, Payeer, which has established itself as a dependable and solid electronic payment service. supporting the development of a more integrated relationship between cryptocurrency and fiat currency.

Bitstorage website

They are continually improving in order to better meet the needs of  users, strengthen security, and introduce features that will raise the bar for cryptocurrency exchange services in the long term.They  seek to give their clients an exchange platform environment which is both secure and protected, as well as fair and ethical in all aspects of their transactions. BITStorage Finance places a high value on providing a trusted and reliable trading environment. This is why they have implemented circuit-breaker safeguards to protect regular users from extreme volatility and market manipulation, as well as from market manipulation.

In order to be usable by individuals from a wide range of various countries, Bitstorage has been constructed in such a way that it can be utilized by people of all ethnicities and economic backgrounds. In addition to being fairly simple to comprehend, it is also an excellent choice for those who do not have the time or experience to become knowledgeable about the intricate technical components of the international currency markets. In addition to being simple to use, this platform is also incredibly effective, which is why it is favoured by many new investors and traders alike, including beginners.

According to industry experts, one of the grounds for their recommendation of this platform is the degree to which it can be customized. To begin and terminate trading operations without having to worry about suffering substantial losses, traders can use the system’s simple interface. The system also allows them to customize the risk level to their preferences. As a result, users have the flexibility to adjust their revenues in accordance with their preferences.

Bitstorage Trading Services

Bitstorage is a trading platform that provides its consumers with a variety of various trading market categories to choose from.

If you are familiar with the world of trading, you are surely aware that the stock market is the most established type of internet trading, and that it has been in operation for many years. Millions of traders now have the ability to invest their money in the stocks of various firms while also earning a big profit in the process thanks to the internet. As a result, Bitstorage has added this market to its offering in order to recompense millions of merchants who have suffered as a result.

A rising number of people are becoming interested in cryptocurrency, which is a market that allows you to trade digital currencies such as Bitcoin. Despite the fact that this market has only been in existence for a few years, many traders are prepared to put their money into it because of the potential for growth. Aside from that, some significant cryptocurrencies, such as Bitcoin (BTC), are listed on this platform, as are a variety of other instruments.

BitStorage Fees

The transaction costs charged by a respectable exchange are an essential measure of the quality of the exchange. Noone ever likes to be billed a large price for a transaction that results in a profit that is less than the fee. Users should expect to pay low transaction fees on an exchange as a result of this. In short, fees should always be a modest and controllable part of the total amount of money that the user has.

On the platform, several cost systems apply based on the order you place and the services you use. When an order is filled in a matter of seconds, you are referred to be the taker. If your order is placed in an order book before it is subsequently fulfilled, you are considered a maker. Makers (people who offer liquidity) and takers (those who consume liquidity) are billed differently on the platform. In terms of fees, the platform charges between 0.04 percent and 0.5 percent for the taker fee, and between 0.00 percent and 0.05 percent for the maker fee, which is relatively low. The pricing structure on the platform, on the other hand, is decided by the side of the order on which you are participating. Upon completing your transaction, Bitstosage assesses the amount they expect to be charged to complete your transaction and then charges you the estimated amount. Despite this, all fees are revealed at the time of the transaction.

Deposits and Withdrawals

You are need to maintain an adequate quantities of Tokens in your Host Wallet in order to fulfill any open orders that may be there (and applicable BITStorage Finance fees). On a regular basis, it is likely that you will be limited in the amount of money that you can make withdrawal from your bank account. The ability to withdraw Tokens from your Hosted Wallet at any time by moving Tokens from your Hosted Wallet to an address that is not held by BITStorage Finance is available to you at any time (the “External Address”). The transfer of Tokens may be verified by BITStorage Finance, who will contact you through email. In consideration of the Services, you thus authorize BITStorage Finance to use your Hosted Wallet to deliver the number of Tokens determined by you through the Services to any External Address provided by you through the Services.

You should bear in mind that your accounts must first be confirmed before you will be able to request a withdrawal of funds from it. Identification and account verification are required by the regulatory agency, and they are also an important component of the Know Your Customer (KYC) procedure.

When it comes to regulatory regulations, Bitstorage adheres to those established by the cryptocurrency sector as a whole. Withdrawals can only be processed using the same payment options which were used to fund your account in the first place as a result of this restriction. Understanding that you have the opportunity to withdraw up to 100 percent of your deposit to a credit or debit card is important to your success. You can withdraw the remaining funds from your Bitstorage account using one of the several methods that you have defined in your account. Let’s take a look at an example to provide you some background information. It is necessary to withdraw the first $2,100 from your account to avoid being charged a fee if you make a $2,100 credit card deposit and end up making a $2,600 profit. The first $2,100 that you withdraw must be returned to the credit card that was used to make the deposit in order to prevent being charged a fee. If you have any leftover funds, you can withdraw them using whatever method you like, such as a wire transfer or a personal check.

Bitstorage API

The platform does not offer much information about its API.

The User Interface

A completely new and significantly more complex interface has been developed for Bitstorage Exchange in order to provide an adequate trading platform for organizations and companies. On one side, there is an order tab, and on the other, there is a detailed chart, an order book, and markets. This is typical of complex trading platforms. This element contributes to the creation of an environment that is suitable to extended trading sessions. Because you have so much information in one spot, it can be tough to navigate if this is your first time using this type of trading platform. But don’t be concerned about it. After a few trading sessions, you’ll be able to handle it more comfortably. Everything has a purpose and is in its proper place. To be effective in trading, you will need every piece of information available, and you will need as much information as possible. More information is required the more you study because you will recognize how crucial it is for trading as your knowledge grows.

Everything on leverage trading platforms like Bitstorage is created with the objective of allowing traders to respond rapidly, which is a significant advantage. The ability to alter a trader’s position in real time is crucial in today’s market, especially in a market like Bitcoin, the world’s most rare asset, where the price may shift in seconds. The interface of Bitstorage is suitable for professional traders that conduct frequent trading activities.

How secure is Bitstorage?

BITStorage Finance provides optional increased security protections for your BITStorage Finance Account (including, for example, two-factor authentication). BITStorage Finance recommends, but does not obligate you, to make advantage of any such enhanced security measures that may be available. Even if you choose to allow advanced security features, it is your duty to safeguard the security of any device or accounts that may be linked with the security features, as well as to maintain control over such device or account.

The AML (Anti-Money Laundering) policy implemented by Bitstorage is the second sort of policy that they employ. This regulation was adopted in response to an increase in the number of criminal activities involving traders who launder their monies through the usage of trading platforms. Authorities have also required that trading platforms maintain a record of a trader’s transactions in order to ensure that no unlawful behavior takes place on these platforms. With the help of cutting-edge encryption technology, this trading platform has earned a reputation as one of the safest available on the market. Furthermore, the traders who make use of this platform are really satisfied with the services and security it offers. Currently, there is no better alternative than Bitstorage if you are concerned about the security of your valuables.

Mobile Support

Bitstorage does not offer mobile support for its users i.e the platform is strictly web-based

Verification/ Authentication

Default settings for new accounts are for all important operations, like as withdrawals and account settings changes, to be completed via email verification. Despite this, they recommend that you configure your mobile phone that can provide two-factor verification for your account on our website. Bitstorage.Finance In order to enable two-factor authentication, you must first go to the Security page on your accounts and then follow the on-screen instructions.

The addition of this feature will add an additional layer of security to your account. In order to ensure that the highest standards of security are adhered to, the Bitstorage.Finance technical team is actively monitoring the protection of customers’ accounts. If you believe your account has been hacked at any point in time, you should secure your account by accessing the Settings page and selecting the “Lock My Account” button (if available). You’ll be able to unlock it later on the same page.

Customer Support

While it is impossible to emphasize the necessity of delivering good customer service, brokers have, sadly, disregarded many crucial parts of their businesses in order to be competitive solely on the basis of sheer numbers. This is an example of such a situation. Despite their claims, they have not succeeded in creating a trading platform that is exceptionally user-friendly and does not require any additional assistance. As well as these challenges, dealers must deal with a plethora of other concerns as well. Everyone in the trading industry is not up to date on the most recent technological breakthroughs. Some of them have difficulty understanding even the most fundamental of concepts, let alone the most complex. Another issue that traders may confront is mistakes that they make while completing their deals. The effect of this is that, no matter how perfectly you design your trading platform, there will always be problems that need to be corrected through customer support services.

While trading, it is rather typical to face faults because, after all, computers and technology are vulnerable to defects and errors simply by their very nature. If this is the case with you and you experience any difficulties during your trade or have any queries concerning the trading platform, please do not hesitate to contact us for assistance and assistance. In the following days, you can contact the customer support department of this broker. You can also write them an email, and if your problem is technical in nature, they will answer as soon as possible and resolve your problem. When I saw how swiftly Bitstorage was able to supply its services and ensuring that every trader was delighted with their experience working with the company, I was extremely impressed.

Conclusion

There have been numerous developments in the realm of internet trading as a result of time and experience. There have been and will continue to be millions of traders who have participated in and will partake in this market. The number of trading platforms, on the other hand, has increased significantly. You must, however, be certain that you choose the trading platform that is most fit for your needs and interests before you begin trading. The criteria and needs of each trader when it comes to a trading platform are distinct from the other traders. Una large number of them are highly experienced traders who need a much more advanced trading platform on which they can put their abilities to the test. The other group, on the other hand, is on the lookout for a trading platform that is considerably more user-friendly and straightforward to use. However, you should always select a trading platform that is the best fit for your specific needs. When you use the Bitstorage platform, you will be able to trade online assets, and you will have access to customer care specialists who will help you with your transactions.

Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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