6036
BITMAX
A+  RATED

Summary

OVERALL SCORE89/100
TRADING
FEATURES
SECURITY
TEAM
COMMUNITY

Conclusion

Bitmax scores an impressive 89/100 on our review matrix, giving the exchange an A+ rating.

We can see the improvements in the platform and its features since launch and Bitmax represents a new generation of altcoin exchanges which have evolved into offering numerous trading pairs and instruments.

One area of the platform that stands out is their attention to detail when it comes to user security. There are several layers of mandatory security in place to help their users trade in a safe manner. One of the security features we really liked was the ability to lock an account in case it's compromised and something which all exchanges should implement as a standard.

By adding derivatives markets and leveraged tokens, the platform has increased its exposure to another wave of crypto traders. The Bitmax team have taken this to another level with several lending instruments and their copy trading module.

There are several small areas for improvement by the team which can improve their rating, but overall we are impressed with the Bitmax platform and the services that they offer. As with all exchange reviews, we have sent a list of recommendations to the team on areas for improvement to improve their score and rating.

SWOT Analysis

Strengths

  • The platform focuses on user security
  • Multiple trading pairs and instruments
  • Various new features added since launch
  • Simple trading experience
  • Emergency account lock in case account is compromised
  • Mandatory 2FA
  • Fiat gateway
  • The team are focused on innovation for their users

Weaknesses

  • No team information listed on the website
  • No SAFU listed
  • We didn't know about any of their products until visiting the website

Opportunities

  • Improve marketing and brand awareness for their products
  • List team information and LinkedIn profiles

Threats

  • The constant risk of an exchange hack
  • The constant risk of regulation

Disclaimer

The content provided in this review is for educational and informative purposes only. You should not construe any such information on this review as legal, tax, investment, or financial advice.

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Information

About

BitMax is an altcoin focused exchange based Singapore and their platform launched in August 2018. The platform has grown rapidly since launch and offers several products on top of its altcoin markets including a fiat gateway and various trading/investment instruments including their Volatility card.

The team behind the exchange is spear-headed by three individuals: George Cao (Co-founder and CEO), Ariel Ling (Co-founder and COO), and Shane Molidor (Global Head of Business Development).

For more information on the platform, check out the video below:

Legal

Features

Trading

Instant Verification
Integrated Wallet
Corporate Accounts
Affiliate Programme
Affiliate Rates 25%
Two Factor Auth
Google Authenticator
Email Authentication
Featured Trading Pairs Bitcoin
Cold Storage
Mobile Platform
Android
IOS
Demo Platform
Multi-sig Wallet
Volumes Verified
Signup Bonus 10%

Community

Available Languages 🏴󠁧󠁢󠁥󠁮󠁧󠁿 🇰🇷 🇨🇳
Multilingual Support
Support Options Email, Live Chat, Social channels

Socials

Twitter

Financials

Volume (24h)
Volume (7d)
Market Volume
Fiat Currencies
Markets
Quote Dominance
  *All data is taken from CoinPaprika API, you can visit their website here.
Maker fee
0.1%
Taker fee
0.1%
Withdrawal fee
0.0005₿
Payment methods
-Bank Transfer
-Crypto Deposit
Credit cards accepted
Instant withdrawal