Bits Blockchain Exchange

Is Bits Blockchain scam or legit? Bits Blockchain exchange can be safe or not ?

This is a good topic because most of the major crypto exchanges currently have a lot more or less. But for a new crypto broker and the number of small and small currency pairs, traders have to reassess to eliminate risks.

The total number of trading pairs of Bits Blockchain is: 4

Site internet: bitsblockchain.com

Launch date: 23-11-2017

The total trading volume of the exchange in the past 24 hours: 84,344 USD, ranking: 305 / 503. Be careful, some small brokers are established solely for the purpose of trading, blowing prices, and manipulating a few of their own cryptocurrencies. The ICO scams and illegal fundraising recently have similar characteristics.

Apart from the small number of trading cryptocurrency pairs, one more key to detect whether Bits Blockchain is a scam. It is the age of exchange's. The website of the Bits Blockchain is bitsblockchain.com. Is it newly registered or has it been around for a long time? High or low website rankings? Which countries are the visitors from? If the traffic is mainly from your country but the content is entirely in a foreign language, you should be very cautious. Because maybe this virtual currency exchange is just to trick local investors.

You can check the traffic to the Bits Blockchain website at the link https://www.alexa.com/siteinfo/bitsblockchain.com and pay attention to the following issues:

- If the website of Bits Blockchain has a rate of visitors from a country (Visitors by Country) is mainly from your country, but its website interface content is completely (or default) in English, you will be careful.

- If the Alexa Rank (Global Rank) of the Bits Blockchain is not in the top 50,000, it proves that this exchange is relatively small, the number of visitors is small, there are not many investors participating. The short-term risk is very low liquidity and trading volume and the long-term risk is low revenue of exchanges, which will make Bits Blockchain to become a scam exchange when investors cannot withdraw their money. Too low trading volume of Bits Blockchain can be used as a key factor to manipulate or pump some garbage coins.

Psychology is very important in the success of cryptocurrency trading. For peace of mind, you should open accounts at large and reputable exchanges, such as Bits Blockchain (the largest cryptocurrency exchange in the world, top 1 trading volume, fast liquidity, favored by world traders)

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