Batex

What is Batex？

Batex is a digital currency exchange platform that provides a diverse selection of cryptocurrencies for trading purposes. The platform operates under the regulation of the Financial Conduct Authority (FCA) in the United Kingdom; however, its regulatory classification is listed as “Exceed.” Despite its regulatory status, a number of users have raised concerns about the legitimacy of the platform, with some even referring to it as a potential scam. It's worth noting that the official website of Batex is currently inaccessible.

Regulation:

Exceeded.The term “Exceed” in Batex's regulatory status is not a conventional one. It might imply that the platform has surpassed standard regulatory requirements, suggesting a higher level of compliance. However, due to concerns raised by users and the platform's inaccessible website, it's essential to approach this claim cautiously and conduct thorough research before getting involved with Batex or similar platforms.

Security:

Batex.im implements security measures as below:

• Cold Storage: The platform stores most funds offline, reducing the risk of online attacks.
• Two-Factor Authentication (2FA): Users are required to provide a second form of verification, enhancing account security.

Cryptocurrencies available:



atex.im supports a variety of 14 cryptocurrencies, including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)
• Binance Coin (BNB)
• USD Coin (USDC)
• Dai (DAI)
• Solana (SOL)
• Cardano (ADA)
• Polkadot (DOT)
• Avalanche (AVAX)
• Terra (LUNA)
• Dogecoin (DOGE)
• Shiba Inu (SHIB)

Fees:



Batex.im offers a fee structure that includes maker and taker fees for its services:

• Maker Fee: When users place orders that add liquidity to the order book, they are considered “makers.” Batex.im charges a maker fee of 0.05% for these types of trades. This fee applies to trades that help establish new orders in the order book.
• Taker Fee: When users place orders that remove liquidity from the order book, they are considered “takers.” Takers are charged a fee of 0.1% by Batex.im for executing trades against existing orders on the order book.

Deposit and Withdrawal:

• Deposit: A fee of 0.2% applies to deposits. Security measures encompass cold storage and two-factor authentication. Regulatory oversight falls under the “Exceed” category.
• Withdrawal: Similarly, a 0.2% fee is imposed on withdrawals. Cold storage and two-factor authentication ensure security. Regulatory status is marked as “Exceed.”

Comparre with other exchanges:

Aspect	Batex	Binance	DEX-TRADE
Supported Cryptos	14 cryptocurrencies	350+ cryptocurrencies	330+ cryptocurrencies
Trading Fees	Maker Fee: 0.05%	Maker Fee: 0.012% - 0.10%	Maker Fee: 0.1%
	Taker Fee: 0.1%	Taker Fee: 0.024% - 0.10%	Taker Fee: 0.2%
Regulatory Oversight	Exceed	Regulated licenses reported	Not regulated

Pros and cons:

Pros of Batex:

• Diverse Cryptocurrency Selection: Batex offers a range of 14 cryptocurrencies for trading, including popular options like Bitcoin, Ethereum, and Tether.
• Cold Storage: The use of cold storage for the majority of funds enhances security and protects user assets from online attacks.
• Two-Factor Authentication: The implementation of two-factor authentication (2FA) adds an extra layer of security to user accounts, reducing the risk of unauthorized access.
• Educational Resources: Batex provides educational resources such as trading guides, video tutorials, and webinars to support users' learning and development in trading.
• Regulatory Oversight (Exceed): While the regulatory term “Exceed” is unconventional, it could indicate a commitment to a higher level of compliance and regulation, potentially ensuring a more secure trading environment.

Cons of Batex:

• Uncertain Regulation: The regulatory status of “Exceed” is unclear and may raise concerns for users who prefer exchanges with more transparent regulatory oversight.
• Inaccessible Website: The current inaccessibility of Batex's official website is a significant red flag, as it raises doubts about the platform's legitimacy and operational status.
• User Concerns: The platform has been labeled by some users as potentially fraudulent or a scam, which can erode trust and confidence in its services.
• Lack of Customer Support Details: Detailed information about customer support, including hours, contact channels, and supported languages, is not provided. This lack of transparency can be concerning for users seeking assistance.
• Limited Trading Volume: Batex's relatively small reported daily trading volume of $100,000 may indicate lower market liquidity compared to more established exchanges.
• Educational Resource Quality: While Batex offers educational resources, the quality and extent of these materials are not specified, leaving users unsure of the effectiveness of these learning tools.

FAQs:

Q: What fees does Batex charge for trading？

A: Batex charges a maker fee of 0.05% for adding liquidity to the order book and a taker fee of 0.1% for executing trades against existing orders.

Q: Does Batex provide educational resources？

A: Yes, Batex offers educational materials such as trading guides, video tutorials, and webinars to assist users in learning about trading.

Q: Are there any advantages to using Batex？

A: Batex offers a diverse range of cryptocurrencies for trading, employs cold storage for enhanced security, and implements two-factor authentication for account protection.

Q: Can users access customer support on Batex？

A: Details about Batex's customer support, including contact channels and hours, are not provided, which may raise concerns for users seeking assistance.

Q: What is the risk involved in online trading on Batex？

A: Online trading carries significant risk, and users may lose their invested capital. Potential traders should understand the risks and use the information provided for general purposes only.