While the domain is over 15 years old, Bitania's activity has only been around for 8 months.
Managing such platforms requires high liquidity; otherwise, orders may not be executed, or at least will incur higher fees (due to exchange rate fluctuations).
I will create a transaction and update my reply.
That's actually what I want to ask: the BTC doesn't have much liquidity. The problem with this is that trading with this distorted chart is hard to analyze.
Lack of slippage and real execution: scalping with this chart is impossible.
Other things that I want to ask are where the terms and support section is and the privacy policy. At least let the users know that this is not a KYC exchange and what things they need to avoid while using the exchange.
You raise some good points which I'd like to take a moment to answer here. First off, our exchange's fees are static at 0.15% maker/ 0.25% taker. These may drop in the future.
Slippage is higher right now because Bitania Exchange is the primary market maker on the platform right now. We run our market maker account on all pairs based on an aggregate oracle price from Binance and Kraken datafeeds and have dynamic leveling set based on our own reserves, market volatility, and some other back-end factors.
As Bitania grows, we expect more users to begin placing their own limit orders/ even market making on Bitania. This is going to thicken our books, squeeze the spread smaller, support larger market orders at near-market rates.
With regard to the charts, yes, they may not perfectly mimic an exchange with high volume on lower periods to give traders the most accurate impression of the real market at the moment. This is because our charts only reflect the activity on the Bitania platform itself.
With regard to a TOS link, for now you may find it here:
https://p2p.bitania.com/terms although we will definitely add a clear link to the TOS on the exchange platform soon. Thank you for the suggestion and feedbacks!