Bitwellex Crypto Exchange Review : It Is Good Or Bad?

Bitwellex Crypto Exchange Review : It Is Good Or Bad?

About Bitwellex

Bitwellex is Singapore based Crypto exchange platform, it was launched in 2020. This platform supports 12 pairs of spot category trading. This platform is new, so this have only limited users in market, yet this platform is among the top 50 in coin market. Fees rate is 0.10% for both Taker and Maker. Similar fees for both makes it stable use.

Bitwellex Exchange Basic Points

Exchange NameBitwellex
Accepted Payment MethodsCrypto to Crypto, Crypto to FIAT
Fiat DepositYes
Deposit FeesFree. Small deposit fees apply.
Easy To Use Yes
Security High
Maker fee0.1%;
Taker fee0.1%.
Referral  40%
Customer Support Available At Ticket & Live Chat
Official SiteHomepage

How To Start ?

How To Sign Up At Bitwellex Exchange ?

bitfinex sign up button

It Is Very Easy To Sign Up At Bitwellex Exchange . Just Click On Sign Up Button At Bitwellex Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Bitwellex Exchange ?

Once your Bitwellex account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Bitwellex Exchange ?

Once your account is funded, you can then begin day trading at Bitwellex. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade.Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Bitwellex Exchange ?

Withdrawing your funds from Bitwellex is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

How To Verify Id At Bitwellex ?

You Can Start Trading On Bitwellex Without Going Through The Verification Process, However, In Order To Trade Fiat Currencies For Bitcoin Or To Trade With Stablecoins, Id Verification Is Needed. Depending On The Account Type (Individual Or Corporate), The Exchange Can Require Additional Documents.

Bitwellex Fees

1.Spot trading
Maker: 0.1%;
Taker: 0.1%.

2.Options trading
Maker: 0.01%;
Taker: 0.04%.

Attachment: Options Commissions (in U)

Options Commission = min[ commission rate x personal discounts x par value per options x number of filled cont, premium x number of filled cont x 10%

That is, the options commission will not exceed 10% of the premium.

Options value = current index price * contract multiplier.

Maker: 0.02%;
Taker: 0.07%.

The discount rate depends on different invitation codes. It is valid for spot, options and futures trading.

Downlaod BitWell

Bitwellex is founded by senior practitioners from top Internet companies like Amazon, Tencent and Baidu, as well as world-renowned institutions such as Morgan Stanley, IBM and PayPal. Many of its members have cross-industry experience in financial transaction and blockchain technology. The integration creates a team that perfectly matches digital assets derivatives service. It is giving full play to its advantages in digital asset derivatives, and will create a fair and transparent derivatives platform which provides users with a safer, more convenient and intelligent services.

Product Feature

1. The first DeFi option in the world. Users can benefit from soaring DeFi market without holding DeFi tokens.
2. Simple option is now the most easy-to-use product in the industry. When buying options, your loss is limited while profit is unlimited, and your position will never be liquidated.
3. Various order types are provided, including touch orders, average-price order, limit order, and market price orders.

BitWell Advantages

1. High-frequency matching engines with a latency less than 0.1 millisecond and a matching capacity of 200,000 orders per second. Suitable for all derivatives, the matching engine need no change when new derivatives are launched. Even if the system is upgraded, the engine will not be shut down, so that it will not affect normal trading, and users do not sense the whole process.
2. Multi-layer cold wallet system. The assets and private keys are distributed globally. The collection and withdrawal of funds are completed by offline signatures, which provide users with funds security to the greatest extent.
3. Investor protection fund. Users will be compensated in case of market turmoil.

Why Bitwellex

Assets Security

Self-developed multi-layer cold wallet system, users’ deposit addresses are cold wallet addresses and align with industry best security standard.

High-Standard Regulation

Bitwellex High-standard Business Integrity from traditional finance industry to eliminate insider trading.

Professional Team

Team members and market makers come from top ranked in blockchain, finance and technlogy companies and focus on the user experience, fairness, and liquidity of derivatives.

High Performance and Stability

Bitwellex Designed by the team with more than 10 years of experience in derivative products, concurrency design for millions of users, and extremely low latency order matching system.