Bit-Z Review 2024

Our veredict

Bit-Z is a Hong Kong-based cryptocurrency exchange founded in 2016. It offers a wide range of digital assets for trading and has a robust platform supporting both basic and advanced trading features. Users can trade over 200 different cryptocurrencies with a competitive fee structure, including a 0.1% trading fee and variable withdrawal fees depending on the cryptocurrency. Bit-Z employs security measures like SSL encryption and two-factor authentication but lacks regulation, which may concern some users. The platform is user-friendly and offers good liquidity, making it suitable for active traders.

However, Bit-Z has some drawbacks. Its customer service is reportedly slow, and the verification process can be cumbersome, especially for higher withdrawal limits. Additionally, as it only accepts cryptocurrency deposits, new users must acquire crypto elsewhere before trading on the platform. Despite these issues, Bit-Z is a solid choice for experienced traders seeking a wide range of assets and low fees, but beginners might find it less accommodating due to its limited fiat support and regulatory status.

Pros

Low Trading Fees Bit-Z offers some of the most competitive trading fees in the market, with a standard rate of 0.1%. This low fee structure makes it an attractive option for traders looking to maximize their profits.
Secure with 2FA Bit-Z employs robust security measures, including SSL encryption and two-factor authentication (2FA), to protect user funds and data. This ensures a safe trading environment, giving users peace of mind.
Wide Range of Cryptocurrencies With over 200 different digital assets available for trading, Bit-Z provides a diverse selection for traders. This extensive range allows users to explore various investment opportunities and diversify their portfolios.

Cons

Slow Customer Service Users have reported that Bit-Z's customer service is often slow to respond. This can be frustrating for traders who need quick resolutions to their issues, especially during high-stakes trading.
Cumbersome Verification Process The verification process on Bit-Z can be time-consuming and complex. Higher withdrawal limits require multiple levels of verification, which can be inconvenient for users who want quick access to their funds.

2,5

Threenvest Score

Fees

0.10% (Maker), 0.10% (Taker)

U.S Legal

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Why choose Bit-Z?

Choosing Bit-Z as your cryptocurrency exchange offers several advantages that cater to both new and experienced traders. Firstly, Bit-Z boasts a wide range of cryptocurrencies, providing users with access to over 200 digital assets. This variety allows traders to diversify their portfolios and find new investment opportunities easily.

Secondly, Bit-Z’s competitive fee structure is a significant benefit. With trading fees as low as 0.1% and no deposit fees, users can maximize their trading profits. Withdrawal fees are also relatively low compared to industry standards, making it an economical choice for active traders.

Finally, Bit-Z offers a user-friendly interface and advanced trading tools, making it accessible to traders of all skill levels. Whether you’re just starting out or are an experienced trader, the platform provides the necessary resources to help you make informed trading decisions.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in the crypto market, I find Bit-Z to be a solid choice for both novice and experienced traders. Its wide range of supported cryptocurrencies, competitive fees, and robust security measures make it a reliable platform. However, be aware that it lacks regulatory oversight and only supports crypto deposits, which might be a hurdle for beginners. If you are looking for a platform with high liquidity and a user-friendly interface, Bit-Z is definitely worth considering. Just make sure to complete the necessary verifications to fully utilize its features.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.