Benson O Ogholi
5 min readNov 2, 2018

BITFXT — THE CRYPTOEXCHANGE OF CHOICE

Good news! As a cryptocurrency expert with years of experience to my credit, and as a veteran blockchain advisor, please permit me to share electrifying news about an exciting project: BIFXT. The reality is everyone within the crypto-currency space must have known by now that cryptocurrency has come to stay. With the emergence and rise in digital currency comes a corresponding rise of exchanges. Generally, there are two types of exchanges: Fiat exchanges and cryptocurrency-to-cryptocurrency exchanges. Fiat allows the direct transfer of US dollars, Euros, and most government-backed currencies to be traded for cryptocurrency, while the latter allows cryptocurrencies to be traded with each other. As more people adopt cryptocurrency, there is a pertinent need for better exchanges. Sadly, though, the current crypto exchanges, for the most part, are full of real-time challenges.

The problems of current exchanges

There are very pertinent and disturbing issues surrounding the current crypto exchanges. For instance, there are a few points that should be considered by beginners before determining which cryptocurrency exchange would be the best fit: Is the trading volume sufficient? What trading pairs are available? How is their customer support? What are their fees? How safe is their server? Is it beginner friendly? Is it safe enough? Sadly, cryptocurrency exchanges have fallen short of expectations vis-à-vis the questions above; yes, exchanges have solidified a reputation for not making it any easier, especially for novices.

There are many ‘makeshift’ exchanges, hurriedly put together and hence prone to insecurity, technical failures, poor customer support/service, etc. This has necessitated an exchange platform that balances out the pros and cons and makes crypto purchases seamless — a platform that is secure, that guarantees transparent, cost effective, and user friendly crypto exchange. That platform is BITFXT!

BITFXT- the wallet of choice

Having analised BIFXT whitepaper, I quite agree with them that they have what it takes to become the wallet of choice. Their team has decades of combined experience building and maintaining world class financial systems that shape the economy. They seem to fully understand how these systems are built from the ground up. Exchange systems need to be engineered from the ground up with security, efficiency, speed, and scalability, and BIFXT does just that. The platform’s technical architecture is indeed second to none.

Today, they are one of the world’s leading digital currency companies and they boast of a team of more than 60 technology and finance professionals operating in various countries and continents. If this is true, then the problem of poor market liquidity will be a thing of the past. Bitfxt is CFID Protected, hack proof and uses the best industry security services. Bitfxt is built to high standards, audited, and penetration tested and this guarantees topflight security.

Information available on their site and social media platforms has it that Bitfxt has decided to provide an academy to educate users on everything that has to do with its emerging technology. If this turns out to be true, then Bitfxt will guarantees, in no small measure, user friendliness that will be second to none.

Why Bitfxt is truly exceptional

I. Bitfxt is the foremost recommended way to buy and securely store Bitcoin and Ethereum.

II. Bitfxt offers the most complete services for BTC and ETH on both web and mobile.

III. With Bitfxt, you can store digital assets in secure offline storage that is theft and hack proof.

IV. With Bitfxt, you can trade both digital and fiat currency seamlessly, transparently and securely.

V. Bitfxt Academy is world’s first strictly blockchain academy that offers courses and certifications like a typical online university. School fees can be paid in BXT coin as well as other digital currencies.

VI. Bitfxt is the cheapest cryptocurrency exchange in terms of fees.

VII. With Bitfxt, you can easily fund you your account and withdraw with ease.

VIII. Bitfxt is user friendly and intuitive.

IX. Language will not be a barrier in using Bitfxt exchange.

X. Bitfxt wallet enables you to make or receive payment anywhere in the world.

XI. Bitfxt exchange engine is directly person to person and truly transparent.

XII. Bitfxt Cointracker displays the most accurate live prices, charts and market rates from trusted crypto exchange worldwide. It has over 1600 trusted cryptocurrencies as well as finished and upcoming ICOs.

Token Details

Token name: BITFXT

Token symbol: BXT.

Total supply: 20M.

Minimum participation amount: 0.1 ETH.

Soft cap: 2,000 ETH

Hard cap: 5,000 ETH

Conclusion/fraud alert

If Bitfxt is able to hit the hard cap, the project will contribute to the global mainstream adoption of cryptocurrency. By leveraging on blockchain technology,

Bitfxt seeks to develop world’s ultimate exchange platform that will enable cheaper, faster, more transparent and more secure transactions. Bitfxt seeks to solve all the major problems facing the current exchanges: poor market liquidity, poor customer service, platform insecurities, user unfriendliness, market volumes-related problems, etc. Bitfxt matching engine is capable of sustaining 1,400,000 orders / second, making it one of the fastest exchanges in the market today.

I am concerned, though, with the fact that there is going to be stiff competition in the market. There are more than a couple of exchanges out there that Bitfxt will be up against. But I am sure the team acknowledges this reality and is quite prepared to do everything promised.

Again I took out the time to verify the team leaders. There is no red flag there judging from my years of experience in this sector. The team is predominantly of Nigerian decent, though, and this may give rise to genuine concerns on the part of cautious investors. Nevertheless the team members seem to be distinguished experts in their various fields of endeavors. The CEO and at least three other team members have been involved in a couple successful ICOs and this should naturally boost the confidence level of investors.

The presence of Bruce Hughes, a white USA presenter and Subramanian who has handled and delivered more than 200+ projects based on Cryptocurrency Exchange and Trading solutions and have 100% satisfied and repeated works from the clients around the global market — this should douse any fears that could have be entertained by investors. I think Bitfxt has all it takes to become Africa’s most preferred exchange and investing in it now is give and take, a smart move.

For more information please visit:

Website: https://bxtcoin.io/

Whitepaper: https://bxtcoin.io/BitfxtWhitePaper-min.pdf

Telegram: https://t.me/joinchat/ESR1eEfViA__xQH2nnqyaw

Ann: https://bitcointalk.org/index.php?topic=5038642.0

My Bitcointalk username: Othuke

My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2157491;sa

Bounty chat: https://t.me/bxtbounty