Tapbit Exchange Review
Tapbit is a centralized exchange that occupies #148 on Guru InvestingExchange Tracker. Tapbit has trading volume US$610,987,520 in the last 24 hours and US$296,202,629,842 in the last 7 days.
Tapbit currently has 298 cryptocurrencies, 23 paper currencies and markets (cryptocurrency trading pairs).
Compare Tapbeat next to other exchanges here: Exchange comparison tool.
Tapbit Cryptocurrency Exchange is an Ethereum-based digital asset exchange that allows users to buy, sell, and trade cryptocurrencies. It was founded in 2019 and is based in the USA.
The exchange offers a wide selection of coins, including Bitcoin, Ethereum, Litecoin, and more. Tapbit cryptocurrency exchange is available on both desktop and mobile deviceswhich makes it accessible to a wide range of users.
No KYC Requirements required to use Tapbit. All you need to do is provide your email address and create a password. There are also no restrictions on who can use the exchange, making it accessible to anyone in the world. However, exchange security is taken seriously with features such as two-factor authentication and cold storage availability. The company is also insured against burglary and theft.
Tapbit partnership with Xanpul and Matrixport gives him access to many liquidity. Overall, Tapbit has quickly become a popular choice for both retail and institutional investors thanks to its low fees, high leverage, and large liquidity pool.
Markets
Eat Spot and derivatives markets Tapbit, with margin availability and leverage up to 100x. Moreover, it supports both crypto-crypto and crypto-fiat trading.
Tapbit cryptocurrency exchange offers a wide selection of assets for trading. Over 200 different Tapbit trading pairs available. At the time of writing this article BTC/USDT The trading pair has the highest trading volume of Tapbit. In addition, in December 2022, Tapbit’s daily volume exceeded $520 thousand.
The Tapbit spot market consists of market makers on demand which provide users with excellent trading solutions. Transaction fees are also particularly low on the Tapbit cryptocurrency exchange. Moreover, the spot market is really easy to use.
Derivatives trading also has quite a lot of benefits on Tapbit. Firstly, it offers lower slippage. Moreover, traders can easily open long or short bilateral positionsand stop loss orders with just one click. In addition, there is $40 Million Upfront Compensation Fund set for traders.
Talking about Tapbit Cryptocurrency Commission, depositing coins into the exchange is free. However, there are withdrawal fees that vary depending on coins. Regarding spot and derivative commissions, market makers and market takers have the same commission for spot trading, which is 0.1%. On the other hand, derivatives trading fees differ for producers and recipients. Tapbit’s commission for derivatives is 0.02% for makers and 0.06% for takers.
other services
Tapbit Exchange offers a number of services designed to make it easier for users to buy, sell and exchange Tapbit Coins. Apart from providing a trading platform, Tapbit also offers NFT Marketplacewhich allows users to create and trade their NFT. There are a total of three product lines on the market.
Besides this, there is Tapbit Earningswhich features a variety of activities that allow users to earn passive income, including flexible savings options.
Finally there is Tapbit Forexwhich represents USDT price trading model. It allows users to deposit their Tether (USDT) tokens and engage in Forex trading. This means they can trade cryptocurrencies and Forex CFDs using one account and USDT as the base currency without having to convert it to USD first.
About company
Tapbit is a cryptocurrency exchange founded in 2021. Tapbit has been growing rapidly since its launch. The company has set several records for trading volume and has established partnerships with major companies such as Coinbase and Coinbase. Binance.
The identities of the founders of Tapbit are unknown. The company only says that its founding team has experience in the crypto and technology sectors.
Tapbit 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.
