Bitshares - a brief review

in #bitcoin7 years ago


What is wallet.bitshares.org ?

Its a genius decentral exchange with all kinds of functions: borrowing, token-factory and more. The exchange itself has super low fees and therefore I think it is the best crypto exchange on the market. You hold the keys, so while exchanging, your funds are never at risk, as an opposite to any centralized exchange.

The liquidity on Bitshares are still low in many of the pairs, so I advice to check the bids and asks before entering a particular market. The bigger pairs have a strong liquidity, but the small pairs have a too low liquidity.
Borrowing on Bitshares

I have tried the borrowing function on Bitshares and find it amazing that you can collateralize your Bitshares (BTS) and loan bitUSD for 0 interest. It is an amazing function, that is very valuable for experienced and advanced traders.
Token-factory

I have tested the token-factory lightly, I found that the fees for making a new token are considerable (about 30000 DKK = ~4000 USD), so I have not tried to make a new token. I think that the Bitshares blockchain is one of the best blockchains we have, so releasing a token on that blockchain, is something to consider.

On the other hand, you need to have a very good product or idea, since the costs of creating a new token on Bitshares is high.
Over-all conclusion

It take a little time to get used to the initial signup and navigating the wallet.bitshares.org , but after you got used to the interface, it will be your favorite exchange of all. It is very much worth spending the little time to get to know Bitshares, it is the best project in crypto till date. The price of the Bitshares (BTS), I believe can reach very high. So buying the coin is a good investment.
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