A few days ago we all have witnessed a shining example of how unpredictable and insidious the Chinese government could be. First, they tell stories about developing a national digital currency, which made the market all green and happy. But then the rumor came up about their plans to ban all Chinese cryptocurrency exchanges and even the foreign ones that serve Chinese customers. After that, is it really worth the risk to trade on BW.com or some other China-based exchange?
Dorian White October 25, 2020 Reply
BW.com has been doing well lately, boosting its reported trading volume by as much as 40% to $81 million a day. That is impressive stats, I wonder what they did to achieve it, perhaps added some new features or trading options, please let me know, guys. Back in the day, I tried doing some trading on BW.com, but then switched to another platform that seemed appealing to me. Perhaps, it is time to go back.
Lucky_Redhead October 20, 2020 Reply
In my experience, BW.com has probably the best security architecture among its direct competitors. The management has established a long-term partnership with CertiK, a company that conducts security audits and penetration testing, as well as incorporates a verification proof engine. They are also cooperating with Bitbank, a cryptocurrency bank and a provider of various financial services. This gives a big credibility boost for BW.com, supplemented by its solid trading volumes and appropriate fees.
Miche11e October 14, 2020 Reply
I have stumbled across the information on some crypto-related website about BW.com being involved in wash trading (the situation when the overwhelming majority of trades occur inside the spread that vastly benefits the exchange) and falsifying the trading volumes. However, if you can't be bothered with such manipulations and just want to do some quiet trading, then BW might be the right fit for you. It has sufficient liquidity to support mid-sized and large trading volumes, so if you are planning to register there just to make a few hundred bucks, go ahead and do so. Nice trading experience is guaranteed.
Joshua October 10, 2020 Reply
I can't but agree that trading on Chinese cryptocurrency exchanges entails substantial risks for foreign traders. Not need to remind you that their government is as unpredictable as a ricocheting bullet. So, if you feel confident enough to entrust your crypto to a centralized exchange like this, please don't complain if one day you will wake up to a message that your trading account had been blocked for no apparent reason.
Paolo Maggio September 29, 2020 Reply
I won't surprise anyone by telling that the withdrawal fee on BW.com is practically the most appealing thing about this exchange. Now, I am not trying to come out as being cheap, but you know what they say, "A dollar saved is a dollar earned." So, if you are a trader who likes to skim the cream every other day or two, then BW.com is the place to be. I won't be touching upon other feats of the platform, because they are basically inherent to any other reputable exchange in that space, just gonna emphasize one more time that the fees on BW.com are quite favorable.
Stephie August 25, 2020 Reply
BW.com is always among the top-ranked cryptocurrency exchanges on CoinMarketCap both by reported and adjusted volume, which could serve as a proof of its reliability. I don't get people who make a fuss about BW.com being registered in China. Yes, it bears certain risks, but crypto is a risky endeavor at its core, so trading on that platform is no riskier than investing in some emerging blockchain startup. The trading fees on BW.com are more than reasonable, and that' the most important factor for me.
Meme Collector July 31, 2020 Reply
SpottySnorry July 11, 2020 Reply
To tell you the truth, I don't put too much trust in BW.com. First of all, this cryptocurrency exchange operates in China, which is a big red flag in itself. Should the US-China trade war enter another phase, we might see the outflow of Chinese capital to cryptocurrencies, which, in turn, may result in the toughening of regulation or even the outright ban of exchange platforms. I don't want to find myself in a situation where my assets are being frozen by some Chinese bureaucrat.
T0mMy May 19, 2020 Reply