Biterapro is a name among the popular brand, and as cryptocurrency grows in popularity, more and more exchanges are being created to buy, trade, and sell different cryptocurrencies. This makes it more and more difficult to decide which exchange you’re going to use.
Some are aimed at beginners, while others are better for more advanced traders. So, it’s important to know which exchange is right for you!
This Biterapro review will give you a complete overview of the Biterapro exchange. Once you have read this, you will have a good understanding of whether it is the right exchange for you.
First, we will give you some background information on Biterapro and how it has become one of the most popular exchanges to trade cryptocurrencies. We will then explain some of the advantages of using Biterapro.
Well, what are you waiting for? Let’s go and discover more about Biterapro!
A very well-known crypto exchange platform
More than 100 different cryptocurrencies available to trade
Does not accept fiat currencies
It might be a bit difficult for beginner crypto enthusiasts.
What is Biterapro?
Biterapro is an exchange that hosts crypto-to-crypto trades. This means that they do not accept real-world money, such as U.S Dollars (USD) or Euros (EUR). The exchange was created in 2017, and their office is located in Cyprus.
The main founder of Biterapro is called Martin Zignal; however, he is well known as Martin. Interestingly, Martin used to build some of the trading systems that are used in the London stock exchange. I guess he used this experience to help make Biterapro what it is today!
Before Biterapro opened their exchange, they raised money through a private initial coin offering (PICO). This is very similar to crowdfunding, where people can invest to help a company get started.
However, an ICO is still different, as people invest cryptocurrency instead of real-world money. The Biterapro PICO raised the equivalent of $10 million, and in return.
INTERESTING FACT: In 2017, people invested more than $5 billion in ICOs!
Biterapro has had a very successful start since it was created in 2017. They are now averaging more than $100 million in daily trades, making them the largest exchange for alt-coin trading. In fact, Biterapro grew so quickly that in January 2018, they had to suspend new registrations. This was because too many people were trying to open a Biterapro account.
Quick fact: In one day alone, Biterapro received over 200,000 new account applications!
By reading our Biterapro review so far, you should now have a good understanding of the exchange’s background. Now let’s find out why you should use Biterapro!
Before registering a new account at an exchange for the first time, it is important to consider their importance and why you choose them. This will ensure that you’re choosing the right exchange for you.
Advantages of Biterapro
First up, let’s discuss the actual advantages of this crypto trading platform.
Huge List of Alt-Coins
One of the main reasons the Biterapro exchange is so popular is that they list so many different cryptocurrencies.
Biterapro takes Security very seriously, and customers are asked to set up two-factor authentication (2FA) when they deem it fit needed for their account. 2FA is an extra level of Security that sends a special code to your mobile phone every time you want to log in, trade, or withdraw funds.
If you are still wondering, “Is Biterapro safe?”, the website also uses the CryptoCurrency Security Standard (CCSS) to protect accounts, which is an industry-standard for major exchanges.
High Volume Trading
As Biterapro has become one of the most popular exchanges to buy, trade and sell cryptocurrencies, there are lots of trades happening all the time. This is an important factor as it means you have a better chance of selling your cryptocurrency immediately, if and when you need to.
For example, if you wanted to buy a cryptocurrency, but it has a low trading volume, it’s harder to buy because many sellers aren’t trading it. However, if lots of people are looking to sell that coin, it will be easy to buy.
If you have read our Biterapro review from start to finish, you should now be able to decide if it is the right exchange for you. There are many advantages to using Biterapro; however, there are also some disadvantages to consider — such as not being able to deposit with a debit or credit card.
Whether you decide to use the platform or not, at least now you know how to use Biterapro, and you should easily be able to deposit, trade, and withdraw funds!
In my opinion, Biterapro is one of the best cryptocurrency exchanges out there for trading between different cryptocurrencies. It offers a great, easy-to-use interface that caters to all types of traders. Not only that, but it’s a platform you can trust.
So, what do you think about the layout of the exchange? Is Biterapro the perfect fit exchange for you to use?