How We Review Projects
At BitFinova, we review crypto platforms and projects to help users understand real world risks, reliability, and transparency. Our methodology is designed to go beyond marketing claims and focuses on how platforms actually operate over time.
Security & Fund Protection:
Security is the most important factor in our reviews.
We assess how user funds and data are protected, including:
Custody model (custodial or non-custodial)
Cold storage usage and wallet segregation
Smart contract audits and audit quality
Account protections such as 2FA and withdrawal controls
Past hacks, exploits, or security incidents
Repeated or unresolved security issues significantly increase risk ratings.
Regulation, Licensing & Legal Structure:
We examine how platforms operate from a legal and regulatory perspective.
This includes:
Licenses or registrations where required
KYC and AML policies
Operating jurisdictions and regulatory exposure
Transparency of the company or team behind the project
Any past regulatory warnings, bans, or enforcement actions
Regulatory risks are clearly disclosed, even for decentralized or offshore projects.
Solvency, Reserves & Financial Transparency:
For centralized platforms, we analyze financial health and solvency indicators.
Our review covers:
Proof-of-reserves disclosures and methodology
Whether liabilities are included
Auditor reputation and independence
Treasury composition and asset quality
Reliance on native tokens or related party assets
Limited financial transparency increases counterparty risk.
Platform Testing & Real World Usage:
We test platforms the same way real users do.
This includes:
Account creation and KYC verification
Deposits and withdrawals (crypto and fiat where supported)
Trading, swaps, staking, or protocol interactions
Withdrawal speed, limits, and reliability
Errors, downtime, or feature restrictions
Hands on testing helps identify gaps between claims and reality.
Fees, Pricing & Cost Transparency:
We carefully examine how much it actually costs to use a platform.
This includes:
Trading and transaction fees
Withdrawal and network fees
Spread behavior during normal and volatile markets
Hidden, dynamic, or poorly disclosed charges
Platforms with unclear or misleading pricing score lower.
Liquidity, Volume & Market Quality:
Liquidity affects execution quality and exit risk.
We evaluate:
Order book depth and slippage
Volume consistency and sustainability
Token liquidity and concentration
Dependence on incentives or market makers
Artificial or thin liquidity is treated as a risk factor.
On Chain Activity & Data Verification:
Where applicable, we review on chain data to verify platform or project claims.
This includes:
Treasury and wallet movements
Token supply changes, emissions, and unlocks
Contract activity and usage trends
Wallet concentration and whale exposure
On chain inconsistencies or unexplained activity raise red flags.
Others Feedback:
We analyze user feedback across multiple sources to identify patterns such as:
Withdrawal delays or freezes
Account access issues
Support complaints
Repeated operational problems
We may also reference insights from other reputable crypto platforms, analytics providers, and research sites to understand broader industry sentiment. External opinions provide context but do not replace our independent analysis.
Customer Support & Crisis:
We test customer support responsiveness and review how platforms communicate during:
Outages or downtime
Security incidents or exploits
Policy, fee, or custody changes
Clear, timely communication builds trust. Poor or delayed communication increases risk.
Our Commitment:
We do not accept paid reviews or rating influence.
Affiliate links do not affect our evaluations.
