Review of the BitStore Platform: What Sets It Apart?
For quite some time now, the company BitStore has been well-known, but only in the last two years has it been operating as an exchange. The main directions of BitStore’s activities are working with electronic wallets and cryptocurrencies, including major and altcoins. Due to its relative youth, the website currently does not offer a wide variety of exchange options. However, it is important to analyze how objective the positive reviews about bitstore.ws are and whether it is worth trusting this company.
Portal Functionality Overview
When designing web exchanges, there is rarely anything groundbreaking. The priority of such sites has long been user convenience, and the uncompromising experience of working with WebMoney has established certain design standards. Despite its youth, the “BitStore” project already operates in accordance with an established template. On the right side is an informational block about the offered goods and services, and in the center is a large and convenient form for conducting exchanges, within which almost everything necessary for quick exchanges is available.
It is necessary to note that the entire set of functions is presented as a unified block, not scattered around different pages, except for the information on the status of applications.
Exchange Process on BitStore
The payment systems used on the BitStore platform include:
- QIWI,
- Yandex.Dengi (Yandex Money),
- Advcash,
- Perfect Money,
- Payeer,
- Piastrix.
In addition, cryptocurrencies such as BTC, Ethereum, and Tether are accepted here.
For fund withdrawals, you can use:
- Alfa-Bank,
- Sberbank,
- PrivatBank,
- Oschadbank,
- Raiffeisen and Raiffeisen-Aval,
- PUMB,
- Monobank,
- any Visa or Mastercard bank cards.
Exchanges are possible using any cryptocurrency, Advcash, and Perfect Money. The number of directions is not that high; however, transactions are quite stable and anonymous. Cryptocurrency wallets and electronic exchange forms are a more reliable method than WebMoney. “BitStore” processes applications quite promptly.
We recommend reading other interesting articles:
- Review of the Transcoin exchange: user opinions,
- TraiderIdeal exchange: conditions and user reviews.
One of the downsides of the site is the difficulty in finding contact information, as managers do not provide it on the site pages. To obtain information, one needs to contact online consultants, which causes inconvenience for traders in other time zones due to the lack of round-the-clock technical support. If the exchange is temporarily unavailable, resolving issues via email is not possible.
Documents confirming the legality of BitStore’s activities can be found by following the link at the very bottom of the main page. There, information is provided, including agreements, contacts, the option to subscribe to updates, and direct links to reviews. The BestChange website has over three hundred user reviews about the exchange.
Information on reserves and current exchange rates is displayed in special tables. To view specific currency pairs, you need to click on the corresponding denomination. A basic bonus table is also available.
The “Questions and Answers” section overview helps clarify the most frequently encountered issues by traders. Here, users will not find anything significantly different from similar exchanges.
The “Partnership” section contains the terms of cooperation of “BitStore” with commercial organizations and bloggers. The list of already existing partners is also indicated, among which well-known Russian internet resources are highlighted.
Exchange Process on the BitStore Platform
To make an exchange on BitStore, mandatory registration procedures are required. The personal account contains information about the application status, bonuses, and the exchange rate at which the transaction will be executed. During registration, users are encouraged to review the privacy policy and terms of using the platform.
For feedback, you can use the email provided in the information request form. You can opt-out of receiving newsletters.
Applications on BitStore are processed continuously, around the clock and automatically. Technical support operates from 8:00 to 20:00 Moscow time on weekdays and by request on weekends. Sometimes an application may be partially completed due to lack of funds in reserve or other reasons. In such cases, the remaining funds are recalculated back, but at a more favorable rate for the platform (at the time of the application or recalibration). However, such decisions always depend on the operator and can be disputed. There are no reviews with openly negative opinions on this matter in the reviews.
Process regulations for various currencies on BitStore:
The BitStore commission is directly indicated in the rate, but various payment systems may charge their own commission fees. BitStore supports exchanges in Russian rubles, hryvnias, US dollars, BTC, Ethereum.
The bonus system is presented in the following table, where the numbers represent the turnover in rubles:
Reviews of BitStore
On the BitStore website, there are over three hundred reviews. Less than a third of them are negative. The main criticism is related to incorrect transactions and issues with order confirmation. In positive reviews, users highlight the platform’s efficiency, wide range of local currencies, and the diversity of banks the site collaborates with.
BitStore: Doubts About Reliability?
An analysis of customer reviews and the company’s rating shows that BitStore is a fairly reliable exchange. Currently, there is not enough information about official accreditation, but in general, the platform has several advantages. The active circulation of traders’ funds on the site indicates its viability, and user support responds to queries, although not always instantly. Furthermore, according to reviews, arbitration in contentious matters has proven to be effective.
Stay Informed of the Latest News
Conclusions About BitStore
The review of the “BitStore” platform demonstrates its advantages over competitors, as well as some drawbacks. It is recommended to cooperate with this company for traders from CIS countries; however, at the initial stage, it is advisable to conduct test exchanges with small amounts, considering possible delays in arbitration for contentious issues. The large number of positive reviews online, convenient functionality, and a stable rating make BitStore a reliable platform for conducting operations. The full rating of online exchanges is available at the link.
Author: Sasha Chaika
