Bitcoin Forum

Bintex Futures is an Indian cryptocurrency exchange startup that offers promising features to it's costumers. I am actually part of it's bounty program as a bounty hunter but can you guys give me an honest opinion based on your perception about this platform, Does this project really has the future or nah?

Nothing much to share about this exchange project, it's new so we just have to wait and see what happens, many new exchanges are scam or small exchanges with bad team, if bintex futures is different it's left for the team to show the world what they are made of, they should be able to add some credibility themselves

This exchange site has operated in india and im feeling doubt if this one has a good future. Afaik there are some competitors in India like zebpay and many more. The team didn't yet publish the MVP for the platform or at least preview.
I doubt this will be the next emirex platform but we will see that whether the team can raise the hardcap or not.

When talking about the future of Bintex, it is still very open to develop the project until it is good, currently the ICO is still running, and has entered Uniswap, P2pb2b, Chainx, on Chainx the price is 16 krw / 1 BNTX, the price is still very bad because the price is BNTX when the token sale is 1 ETH = 1547 BNTX, or the equivalent of 0.00065 ETH

 Bintex's profile really can't be compared to Big exchanges that offer the Futures service.
first of all, their community is really small and I don't see positive members from their chat channel. In addition, the new exchange will often be short of volume when trading and will be difficult to attract traders to Bintex.
To me, Bintex is a mediocre exchange and nothing outstanding. Bintex trading only brings risk to your wallet when the volume is too low and the financial foundation is too small to guarantee.

not only Thailand projects, India is always a scam, many new projects are also scams, even though they are not from India and Thailand,
you should avoid thinking like that, analyzing scam projects not from the country, but from their team and certain factors,
Bintex is not a scam project, they have already listed their tokens on the exchange, for new projects that is a good thing.

As you know that there are many rules and regulations regarding the financial sector in the Indian economy and the policies are somewhat stringent. So, it is a matter of how many days the exchanges will work in this type of economy. So, Bintex is a new exchange and offering the future market for the crypto which is more riskier for the investor and the trader. So, Govt. may ban this type of product which has high volatile. So, you should prefer Binance to Bintex.

I like the fact that the project was said to offer non-custodial exchange platform which sound good to me but it will be nice if all genuine cryptocurrencies we have in the market are trade on the platform because most non-custodial exchange are only available to ETH and ERC2.0 token. If all crypto (BTC, XMR etc) is not trade on the exchange i dont anything that make the rxchange different from others.
With that been said, I learnt that uniswap is accepting a huge fee these days for every offering done on their platform which show a serious sign from the project team.

Country of operation shouldnt be use to predict the future of a project and if India is not one of the country thats good for cryptocurrency CZ binance wont have acquired Wazrix and if Cz didnt create Binance because we already have coinbase, Bittrex, Kraken etc Binance wont have the choice of all crypto traders.

A new exchange project, I did not think that this project would be successful because out there were already many similar projects and failed.

You are the one who decided to promote this project, why don't you tell us what is that particular reason or that specific feature of this project which makes you decide to wear their avatar and signature. Or are you just promoting this blindly, not knowing that this may be a scam of some sorts?

I suppose a responsible bounty hunter will make a research first before deciding whether a certain project has potentials or is worth promoting or not.

I am still wondering about the status of Indian government regulation on crypto currency?

Are they now regulated crypto currency being legal? If I'm not mistaken there is some information who tell that indian government has prohibited to trade crypto currency.

As for this project, have you checked all the thing of the project? Like the team behind the project or some feature that offered by this exchange? I'm actually still afraid to use new exchange, I just use an exchange who has been used by most people.

As far as i know if trading crypto in india is not yet prohibited again. India's government is not prohibiting the crypto trade but there's only a party that's feeling contradicted with it and that's the central bank of india.
So many indian banks will be offering the crypto service

https://www.coindesk.com/india-will-soon-have-crypto-banking-at-22-physical-locations

It's not yet legal but at the same time it's not also prohibited too

this is new exchange, right ? and because its still new i can't say anything for now, except the platform already alive mate
by the way what kind of promissing features that the exchange offers to its customers ?

^ like me too, I'm not so sure that the project originating from India will be a huge success. cryptocurrency is still a debate in India, the exchange business still has an unclear future in India. but just watch this project, who knows there will be some magic on Bintex in the next few years.

It's still in a plan but the exchange site is not yet alive. This is not a new exchange site yet. From what I can see if this one was offering the common features like another exchange site. This doesn't seem to be a promising project.

It's different with wazirx that was getting fully supported by the major platform like binance. There must be also an MVP to be used by us to get the first impression.
You can read on the site about what kind of features being offered by the platforms in the future.

The project is too new for us to have something to say, the exchange wasn't deployed yet. But generally and exchange token are often going to be profitable when an exchange is going to be successful. I didn't expect the ABBC token to have a good value but eventually, the exchange had already gained customers.


Wazirx is from India also but its operating, this had been known to have a partnership with Binance too. It's good to have more players in the industry.  Bintext just has to prove they are worthy to be trusted and I guess they can prosper as well.

if the team active to develop and this project bring new features with great benefits, i  think this project will be good enough
about success or not, for now we can't say anything because its a new project
a lot of factors that will affect this project to be success or fail in the future buddy

Even if we consider Bintex future as a good project, I doubt its future. Since in India, the mindset of government is not clear and at any time government may introduce a full ban or strict regulations to cryptocurrencies holding or trading. Unless the situation is in favor of the crypto market, there is no light at the moment for Indian projects.

Agree, furthermore I also find Bintex has a lot of inactive reviews about them who don't need to discuss it here. I think their long term is also a project that has been working for a while in the market, but that won't give this project much as it really isn't anything special. And you also say the problem is impressive for cryptocurrencies, which is also what i think would be preventing this project from going further.

many new projects are now dead in the next few weeks,
if you look at, Bintex Futures has been running for 2 years, of course they are serious about the project, it looks very clear.
but if you ask the price of course the price depends on the demand on the exchange.

I don't aware about this platform, but why don't you try of binance. It's best one compared to many of trading platform. Only the small issue with the binance is it's withdrew fee. Whenever I jad withdrew my bitcoin, itade to pay of 6$ as a fee, even a if I withdrew of 20$ or 30$.

To be honest about a project like Bintex Futures that won't be successful in the long term, i see them building this project for about 2 years and see all they have and it can help everyone, i only have faith in projects developing own platform blockchain and it will take a long time to build everything, but with Bintex Futures it is not as i expected, this project will only be able to develop was in India and that was the success of the project.

don't withdraw Bitcoin, because fees from bitcoin are expensive, not only on Binance,
but on Binance there are also coins at low cost, just try withdrawing with Doge, then you will be charged a low fee.
Bintex does have a good vision, the name of an exchange is like this, especially Bintex is a new project, you have to be careful.

If the team has developed the project for 2 years and there should be at least mvp that can be used by the users too. As far as i can see if the team didn't have MVP or a beta product.
It looks like bintex was aiming to be a competitor for the wazir. The growth of cryptocurrency in india is really fast than what we have expected but i doubt this project can be a successful one.
The team must provide MVP or maybe someone know about this.

I would say it has a chance as much as any other project has a chance. I do not see it doing horribly because of any specific reason, if they turn out to be a scam they could be bad but I do not see it turning to scam anytime soon neither, and they do not look like they are going to be the greatest exchange neither, so I see them as middle of the road place.

In any new project you are trying to break into, realize that you are probably going to be stable and not as crazy as crypto market looks like, business' and coins are different things and while coins could be crazy and volatile, business' are not really that complicated and weird. This is why volatility stays with currencies while companies are usually just stable and decent and not really move a lot in any direction.

I don't think the project have a chance without any real investment from VCs, most people may go against this but what VC's bring to the table is huge, if you want to enter a competitive space like exchange market and you have no serious backing to help you initially to scale and gain volume and users, good luck

Not all the altcoin which is enter the market will shine like a sky. Only few does that and other remains a smaller one. Some tokens price will reduced 10 times when the price of that same coin during the bounties. The investment of money is flow in top 25-50 altcoin in the market. Actually newly entered coin will try to reach the top 50 places to get more iinvestment from people.

Not much ideal exchange for me since I am not a local trader of India. Honestly, I heard this exchange only this time because I am not aware to the exchanges that exist today since I have loyalty in top exchanges only. Bintex futures is a good exchange based upon to its ratings. When I searched their exchange, it just like trading in mercatox. But I don't know if the liquidity here is good or bad. Well, I will see it when there is a coin which I want to buy and this exchange is the only available market that I gonna buy the coin I want.

BNTX volume on Bitforex is also quite a lot, 24h volume $ 23,000,
yes in my opinion Bintex are quite promising, but I am regret it because the team rarely updates on their twitter,
if they always promote it then I believe Bintex will be increasingly recognized by the community.

For local use, this exchange may even be among the leaders, since the Indian cryptocurrency market has large volumes, but for servicing, you need to have the appropriate cryptocurrency exchanges. In addition, taking into account the real trading volume per day, the Bintex exchange has quite effective indicators, taking into account the indicators of competitors. besides, I consider the presence of a mobile application, which simplifies the user experience, only adds liquidity.

When viewed from their social media, I think they are a good project,
because there are many followers, but their team rarely updates and this makes me confused, why?
If they want to increase trust in the community, they must make their social media active.

In reality, social networks, in a sense, reflect the popularity of a project. Regarding Bitnex Futures, we can say that this project is really very actively interested and this is already a good claim to win. In addition, in the description of the project it is very clearly expressed that such an ecosystem includes all the possibilities of providing services to users, not only exchanging cryptocurrencies, but also including the BintexPay payment system, which offers an authentic token, an electronic wallet and chip cards. Not all competitors have such a set.

I have seen someone talking in telegram with Bintex representative about the story of their "success". Bintex alredy had token sale, but managed to raised so little, so they decided to return funds to investors, and, probably, started a bounty campaign to get more attention. Now the plan to run a new round of presale.

They had already failed once, and now wants to repeat same strategy, as I did not see if they write they plan to use different strategy.

Their roadmap is indeed good, but if they are transparent to the community I believe this is a good project,
so far I don't see their team active in various social media, I don't know why?