Bit.com Exchange Review
Bit.com is a centralized exchange that occupies #199 on Guru InvestingExchange Tracker. Bit.com has trading volume US$207,310,308 in the last 24 hours and US$59,120,813,604 in the last 7 days.
Bit.com currently has 103 cryptocurrencies, 1 paper currencies and 115 markets (cryptocurrency trading pairs). Most popular trading pair on Bit.com: ETH/USDT.
Compare Bit.com next to other exchanges here: Exchange comparison tool.
Cryptocurrency exchange Bit.com was introduced to the market Matrixport in 2020. Since then, the company has been at the forefront of financial product innovation, developing the most effective cryptocurrency trading tools, user security, and overall experience. It has different levels KYC deposit, withdrawal and spot trading requirements that must be met.
Access to Bit.com and the services it provides is not available to individuals or entities located in regions of Asia, including Mainland China, Hong Kong, Democratic People’s Republic of Korea, Japan, Iran, Singapore, Syria, American Samoa, Canada, Cuba, Guam, Puerto Rico, Northern Mariana Islands, USA, Crimea and Sevastopol.
Bit.com’s volume is variable and changes with market fluctuations. Cryptocurrency exchange Bit.com is available on mobile devices and computers.
Markets
Bit.com has a tool called Single margin, allowing users to efficiently trade spot, margin, perpetual contracts, futures and options on Bit.com using the same account, rather than moving cash between multiple accounts. Eat about 80+ trading pairs Bit.com available on the exchange.
He offers both crypto-crypto and crypto-fiat exchange options. This way, users can add both cryptocurrencies and fiat money to their Bit.com Exchange account. Both can be done through bank transfers and transactions made using credit or debit cards.
Commission for withdrawal of funds is 0.0005. Bitcoin charged by the Bit.com exchange for each bitcoin withdrawn. Depending on the VIP level, there are different Bit.com exchange fees. There are 6 levels in total, which depend on the 30-day trading volume (in US dollars). Manufacturer’s commission varies from from -0.01% to 0.02%and the taker commission varies from from 0.035% to 0.05%.
Bit.com provides customers with access to a spot exchange through which they can get the current market price. There are two types of orders available in spot trading on Bit.com, known as Limit orders And Market orders. In contrast, a market order will fill your order at the price that is currently being offered in the market, while a limit order will allow you to select the market price before placing your purchase.
Additionally, users are allowed to install long or short positions using futures with USDT-Margin, and they can benefit whether the price of the underlying asset increases or decreases. This feature was officially released by Bit.com on March 15, 2022. Single Margin Mode users are the only people who can use it.. Users signed in to Classic Mode don’t have access to it, but they can switch to Unified Mode to use it.
Cryptocurrency exchange Bit.com already takes a position with Perpetual swap with USDT margin has no expiration date and USDT-M futures have the right and are designated in USDT.
From point of view options tradingPlease note that prices of underlying assets such as stocks, commodities, foreign exchange and cryptocurrencies can affect the price of options. Buyers of options contracts have the right, but not the obligation, to buy or sell the underlying asset. On the other hand, sellers of such options must act in accordance with the terms of their contracts if the options expire with a positive time value. Unlike holders of futures contracts, they are not obligated to buy or sell the underlying asset, even if they wish to do so.
About company
Bit.com, a subsidiary of Matrixport, is an exchange offering a full range of cryptocurrency-related services. Matrixport this is a cryptocurrency bank which was founded in 2019. It is one of the three most active cryptocurrency options exchanges due to Bit.com’s trading volume.
Users don’t have to go through the enormous effort of transferring money between multiple accounts or exchanging cryptocurrency back and forth to trade different instruments, as they can use a single Bit.com account instead.
The Bit.com cryptocurrency exchange was developed with First-class security and risk management features to ensure the best trading experience by leveraging best-in-class liquidity.
Jihan founded Matrixport in 2019 after previously co-founding mining chip giant Bitmain Technologies before leaving the company in 2021. Matrixport is Jihan’s second venture.
Jihan was the first to translate Satoshi Nakamoto Whitepaper on the translation of Bitcoin into Chinese in 2011, and he is a dedicated pioneer in the embryonic Chinese blockchain business. He founded China’s first Bitcoin community site, Babite, and was the first to do so.
In 2018, he was named one of Fortune magazine’s “40 Under 40” for his pioneering work in financial technology and his impact on the business world.
Bit.com related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
