Bit-Z Review 2018

Bit-ZReview

Bit-Z is a large cryptocurrency exchange offering traders a wide array of digital cryptocurrency assets to trade. The exchange is based out of Hong Kong and was launched in 2016. Since their launch, the cryptocurrency exchange has made a name for themselves as one of the leading cryptocurrency exchanges for trading digital assets all around the world. Bit-Z offers two types of trading services; professional digital asset trading and over the counter (OTC) services.

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The exchange has had great success thanks to their competent and diversified team of professionals from fields such as finance, social networking, gaming, and e-commerce. The team has worked hard to build a competent and diversified cryptocurrency exchange that ensures a stable and secure trading environment. However, the exchange has yet to become regulated by any reputable regulatory authorities much like most other cryptocurrency exchanges. Never the less, the exchange has built up a great reputation and is used by traders from all over the world but primarily services the Asian markets.

New cryptocurrency exchanges are popping up all the time now as the demand and popularity of cryptocurrencies increase. Therefore, as traders, we must ensure we’re dealing with the best cryptocurrency exchange for us. In the following review, we delve deep into the aspects that make up this cryptocurrency exchange and see what set’s Bit-Z apart from the competition.

Exchange Platform

The trading platform offered by Bit-Z is their very own proprietary web-based platform and offers all the features one would expect from a competent cryptocurrency trading platform. The entire interface is extremely user-friendly and intuitively designed. The way everything’s positioned is very clean and optimal for a great trading experience. The cryptocurrency price chart is positioned in the middle of the screen with the markets and cryptocurrency assets available on the left. They’ve placed the order placement directly below the chart along with the current buy and sell orders to the left and trade history to the right. The whole setup is extremely well done and easy to understand.

Also, traders have access to all the necessary features, tools, and information it takes to competently trade cryptocurrencies as a professional. For instance, traders can clearly view real-time market information, advanced charting tools, numerous technical indicators, trade histories, reports, and API access for automated trading. The exchange runs on lightning fast and secure servers which allow for fast order execution, even in times with very high liquidity. Bit-Z did a really good job with their trading platform and its design is suiting for both experienced and beginner traders.

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Exchange Markets

Bit-Z offers traders a wide array of cryptocurrency assets to choose from and trade in 4 different markets. They offer the trading of these digital assets against Bitcoin (BTC), DKK Token (DKKT), Ethereum (ETH), and Tether (USDT). Unfortunately, Bit-Z does not offer any fiat currency trading pairs, but this is common with most large cryptocurrency exchanges. The markets that offer the most digital assets available to trade is Bitcoin and Ethereum with at least a few dozen cryptocurrencies to trade. As well, the exchange has implemented a voting system in which users of the exchange can vote on which cryptocurrency they want adding next. Bit-Z is constantly adding new digital assets and the voting system is the best way to satisfy customers.

Fees

Bit-Z charges clients very reasonable fees which are lower than much of the competition. There is absolutely no fee for depositing cryptocurrency funds on the exchange but there is for withdrawing cryptocurrencies. The withdrawal fee varies from crypto to crypto, but the average withdrawal fee is 0.5% which is the same for all the major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc. The other fee traders incur is a small trading fee for either buying or selling. Bit-Z differs from most other cryptocurrency exchanges by charging the same fee amount of 0.1% for both buying and selling cryptocurrency. We think the fees that Bit-Z charges are very reasonable and even low compared with the competition.

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Security and Fairness

One of the most important aspects of a cryptocurrency exchange is their security and reputation for being transparent and fair. Without these things, an exchange is not worth pursuing. Thankfully for Bit-Z, they meet and succeed our requirements for being secure and fair. The exchange implements bank-level SSL technology on transactions and utilizes Global Server Load Balancing (GSLB) for increased platform stability through distributed servers. In addition to these security measures, all users are required to verify their accounts and identification before making any withdrawals. Also, Bit-Z utilizes Google two-factor-authentication for signing into your account and making deposits and withdrawals. Other security features include double password verification and email verification. As for the exchanges fairness, all accounts are the same and no user is treated differently. Bit-Z is very transparent with their rules and conditions and states the fees for buying or selling and withdrawing cryptocurrencies.

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Bit-Z offers traders two methods of customer support; through live chat and support tickets. These support options are available 24/7, but response times are not the best. In some cases, users have reported support to take multiple days to finally respond. However, during periods of mass adoption the exchange can be bogged down with support requests, but normally they can handle the requests. Additional methods of support include their extensive FAQ page and through their social media channels.

Pros and Cons

Pros

  • Extremely easy to use and navigate
  • High liquidity
  • A wide array of digital assets
  • Low Fees

Cons

  • Slow customer service and limited options
  • The verification process is tedious
  • Relatively new

Conclusion

Bit-Z is most definitely a cryptocurrency exchange to keep an eye on as they offer a wide variety of digital assets and markets, an excellent trading platform, and competitive fees. Also, Bit-Z has a pretty good reputation among the cryptocurrency community and has high liquidity because of this. The exchange may market themselves primarily to the Asian markets, but traders from all around the world are accepted by Bit-Z, making it an attractive solution for many.

Bit-ZUser Reviews

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Bit-ZFeatures

Coins Available
  • Bitcoin
  • Ethereum
  • Ethereum Classic
  • Litecoin
  • TRON
  • Lisk
  • Bitcoin Cash
  • Factom
  • Zcash
  • Qtum
  • EOS
  • Dash
  • Monaco
  • gamecredits
  • Dogecoin
Accepted Countries
  • Chad
  • Australia
  • Cameroon
  • Dominica
  • Canada
  • Denmark
  • France
  • Greece
  • Haiti
  • Iceland
  • Libya
  • Mexico
  • Nepal
  • Belize
  • Cape Verde
  • Romania
  • Senegal
  • Sri Lanka
  • United Kingdom
  • Eritrea
  • Gambia
  • Indonesia
  • Lebanon
  • Angola
  • Malta
  • Bahamas
  • Benin
  • Chile
  • Gibraltar
  • Ghana
  • Grenada
  • Serbia
  • Guinea-Bissau
  • Syria
  • Tonga
  • Kenya
  • Finland
  • Namibia
  • Oman
  • Jamaica
  • Palau
  • Solomon Islands
  • Kyrgyzstan
  • Tunisia
  • Peru
  • Montenegro
  • Sweden
  • Yemen
  • Bahrain
  • Belarus
  • Bulgaria
  • Colombia
  • Cuba
  • Cyprus
  • Algeria
  • Burkina Faso
  • Cambodia
  • Kuwait
  • Russian Federation
  • Saint Lucia
  • South Sudan
  • Turkey
  • Virgin Islands, British
  • Japan
  • South Korea
  • Malawi
  • Maldives
  • Netherlands
  • Botswana
  • Qatar
  • Saint Kitts and Nevis
  • Saint Vincent and the Grenadines
  • Slovenia
  • Sudan
  • Taiwan
  • Tuvalu
  • Vatican City
  • Uruguay
  • Malaysia
  • Moldova
  • Nauru
  • Papua New Guinea
  • Zambia
  • Andorra
  • Bolivia
  • Afghanistan
  • Congo
  • Cote d'Ivoire
  • Laos
  • Dominican Republic
  • Mauritania
  • Egypt
  • Gabon
  • Morocco
  • Uganda
  • Nigeria
  • Swaziland
  • Vietnam
  • Austria
  • Barbados
  • Bosnia and Herzegovina
  • Djibouti
  • Equatorial Guinea
  • Comoros
  • Fiji
  • Ethiopia
  • Estonia
  • Mali
  • Hong Kong
  • Ireland
  • Italy
  • Philippines
  • Macedonia
  • Poland
  • Madagascar
  • Sierra Leone
  • Vanuatu
  • Panama
  • Portugal
  • Samoa
  • Saudi Arabia
  • Timor-Leste
  • Albania
  • Burundi
  • Guinea
  • Iran
  • Armenia
  • Bangladesh
  • Belgium
  • Kiribati
  • Lithuania
  • Bhutan
  • Mongolia
  • Cayman Islands
  • Myanmar
  • Niger
  • Rwanda
  • Sao Tome and Principe
  • Slovakia
  • Czech Republic
  • Thailand
  • United Arab Emirates
  • Ecuador
  • Germany
  • North Korea
  • Liberia
  • Liechtenstein
  • Luxembourg
  • Marshall Islands
  • Mozambique
  • New Zealand
  • Pakistan
  • Togo
  • Uzbekistan
  • Venezuela
  • Zimbabwe
  • Antigua and Barbuda
  • Croatia
  • Argentina
  • Guyana
  • Kazakhstan
  • Lesotho
  • Central African Republic
  • Norway
  • Paraguay
  • San Marino
  • Spain
  • Suriname
  • Switzerland
  • Tajikistan
  • Guatemala
  • Honduras
  • Iraq
  • Mauritius
  • Nicaragua
  • Singapore
  • Somalia
  • Azerbaijan
  • Brazil
  • Brunei
  • China
  • Costa Rica
  • El Salvador
  • Georgia
  • Hungary
  • Israel
  • Jordan
  • Latvia
  • Micronesia
  • Seychelles
  • South Africa
  • Turkmenistan
  • Ukraine
  • Isle of Man
  • Kosovo

Payment Method

Deposit Options
Bitcoin
Withdrawal Options
cryptocurrency
Company Information
Exchange DetailsInfo
Headquarters CountryHong Kong
Foundation Year2016
Typeexchange
Trading AllowedYes
Contact Information

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