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Bitexen

VOL. (24hr)
$49,572,498$49.57M
15.06%
Rank
143
Impact
4.50
Transp. Rating
D gradeD grade
Markets
Fiat
1

Bitexen Trading Volume

(24 hour)
  • 1D
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Bitexen Daily Performance

Bitexen is a cryptoasset exchange located in Turkey. Their volume over the last 24 hours is $49.57M. The exchange is rated “D” which means “Poor.” They allow trading with the following fiat currencies: TRY.

Data Summary
Impact Score
4.50
Transparency Rating
D gradeD grade(Poor)
Total Volume$49.57M
Volume Change$6.49M
(15.06%)
Markets
Fiat Currencies1
Coverage TypeTicker
1st Trade
1st 1D CandleOct '21
1st OrderbookOct '21
UpdatedRecently

Bitexen Statistics

Volume$49.57M$49,572,498
Volume (Δ)
$6.49M (15.06%)$6,488,717 (15.06%)
Quote Dominance
Fiat Currencies1
Markets
Market Volume
Crypto Quote Dominance
1
2
3
4
5
Fiat Quote Dominance
1
2
3
4
5
Overall Quote Dominance
1
2
3
4
5
Volume Gainers/Losers
1
2
3
4
5
Volume (Δ)
1
2
3
4
5

About Bitexen

Bitexen is a centralized cryptocurrency exchange built with the purpose of creating a global platform that meets all investors’ requirements. The project was launched by Bitexen Technology, headquartered in Istanbul, Turkey, on May 4, 2018, after an in-depth analysis of other local and global exchanges.

Bitexen supports spot trading of 100+ digital assets. Users can buy and sell cryptocurrencies at market prices for Turkish Lira (TRY) or Tether (USDT). Also, it is worth noting that US investors are not allowed to trade on the Bitexen exchange due to the regulatory framework.

The Bitexen token

Launched in August 2018 on the Ethereum blockchain, the Exen Coin or BTXN is the native token of the Bitexen platform with a set of utility functions. The maximum token supply is capped at 15 million BTXN. All coins are distributed to users as rewards for registration and through various loyalty campaigns including trade competitions and campaigns. Besides, users can buy BTXN on Bitexen.com and store it on any ERC-20 compatible wallet. The team members of Bitexen do not acquire any BTXN tokens.

All BTXN transactions are transparent and can be checked via any Ethereum block explorer. Holding BTXN gives users some significant benefits such as fee deduction and commission refunds.

Bitexen features

Bitexen has a lot of impressive features that may seem attractive to its customers. They include a user-friendly interface, API trading, internal transfers, instant price tracking, daily price charts, real-time news, an in-depth trade view, a referral program, etc.

In addition, the platform has a customizable interface that allows users to easily manage their orders and accounts. On Bitexen, traders can instantly monitor the prices. Besides, there is an opportunity to see and filter all the trading pairs without logging into the application. Also, API support lets traders execute orders themselves or write algorithms that will do it for them.

Another important feature of Bitexen allows converting cryptocurrency and Turkish Lira balances below the minimum order limits to BTXN. Besides, users can transfer funds from their Bitexen account not only over the network but to the wallets registered in Bitexen with the Internal Transfer feature. In this case, they do not have to wait for network confirmation and pay network fees.

The opportunity to trade with stop orders and the quick buy and sell features enhance users' trading experience. Also, the exchange provides a referral program that aims to incentivize users for every friend they invite to Bitexen. Both traders and their referrals receive 1 BTXN for a completed registration.

Bitexen services

The customer support service on Bitexen is available 24/7 by phone, email, on the site, and on official social media accounts (Telegram, Facebook, Twitter). Also, the platform provides a range of technological solutions for startups who wish to create digital tokens. As for listing new coins, Bitexen accepts only tokens of reasonably ambitious projects after receiving approval from the community. However, projects built with the help of Bitexen from the very start do not require feedback from the community as they get whitelisted straight away.

Bitexen mobile application allows buying and selling crypto assets anytime, anywhere, and is available for download from official markets such as App Store and Google Play. Also, the platform provides a range of training services whereby it transfers its knowledge and experience in the fintech sector to other companies.

Bitexen security

Bitexen strives to provide the highest level of protection for the system, users’ investments, and sensitive data. To achieve that, all possible measures are taken.

First, the platform has obtained a license for financial services from the Istanbul Chamber of Commerce (ICC). Second, the Bitexen infrastructure provides multi-layered protection in accordance with the security practices recommended in the standards for end-to-end payment systems, banking, and general IT practices. Third, in 2020, the exchange's website went through a full system review conducted by the world-famous security firm Kaspersky Lab with successful outcomes. In addition to third-party audits, the team runs regular internal reviews to improve the exchange's ability to combat cyber threats. Besides, on Bitexen, users can enable two-step verification to protect their transactions by choosing from the Google Authenticator method and SMS verification via OTPs.

Bitexen fees

Makers pay 0.15% commission, while takers are charged 0.25%. However, users can receive a 10%-50% fee refund depending on the BTXN amount they hold. For instance, users who hold 10 BTXN get a 10% refund while those who have 50 BTXN can enjoy a 40% refund of the commission they paid. 50% of transaction fees are used to repurchase and to burn BTXN as this buyback process will continue until the number of BTXN coins in circulation is zero. The rest of the fees go to the Bitexen treasury.

Deposit and withdrawal fees are determined by the currency and the blockchain it is based on. All fees from BTXN withdrawals are spent on the Ethereum network in quarterly buy-backs. It is possible to deposit both cryptocurrencies and fiat money to the platform. Fiat transactions can be made through wire transfers and credit cards.

Bitexen team and partners

Bitexen founders and developers are Turkish engineers and bank professionals who have profound knowledge in derivative instruments, payment systems, information security, business development, and management.

Yahya Tugyan is the partner and CEO at Bitexen. Ebru Elmas Gurses, a lecturer specializing in finance, tax, accounting, and audit, is the Chief Financial Officer. He previously worked in transaction services and angel investment industries. Gizem Dinçer is responsible for the customer service department. He also works as a digital customer advisor at Enpara.com. Other team members include Berkan Vatansever, an operational specialist, Ezgi Karasu is a team leader, Ertuğrul Avcı, a marketing manager, Ebrar Bayır, a quality control specialist, and Elif Ezgi Tarım, a social media and complaints management specialist at Bitexen.

To make depositing and withdrawing funds to the platform seamless, Bitexen has integrated its system with a number of Turkish banks.

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