BitKonan Review 2024

Our veredict

BitKonan is a well-established cryptocurrency exchange based in Croatia, having launched in 2013. The platform primarily supports trading in Bitcoin, Litecoin, and Ethereum, making it a solid choice for those focusing on these major cryptocurrencies. One of BitKonan’s standout features is its competitive fee structure, offering zero fees for makers, which promotes liquidity. Additionally, BitKonan employs stringent security measures, including two-factor authentication and cold storage, which have helped it maintain a clean security record over the years. This makes it particularly appealing to users who prioritize security and cost-efficiency in their trading activities.

However, BitKonan has some limitations that might deter more advanced users. The exchange supports a limited range of cryptocurrencies, which could be a drawback for traders looking to diversify their portfolios with a broader selection of digital assets. Moreover, BitKonan lacks a mobile application, which can be inconvenient for users who prefer to trade on-the-go. Additionally, the platform is unregulated, which might pose concerns for users worried about the legal and security implications of trading on an unregulated exchange. Despite these drawbacks, BitKonan remains a reliable and secure option for those focused on trading Bitcoin, Litecoin, and Ethereum with the benefit of low fees and robust security.

Pros

1. Low Trading Fees for Makers BitKonan offers zero fees for makers, which promotes liquidity and makes it a cost-effective option for users who prefer to place limit orders.
2. High Security Standards The platform employs advanced security measures such as two-factor authentication and cold storage, ensuring the safety of user funds and data.
3. Supports Fiat Deposits BitKonan allows users to deposit funds using traditional banking methods, making it accessible for those new to cryptocurrency trading.

Cons

2,5

Threenvest Score

Fees

0.10% (Maker), 0.20% (Taker)

U.S Legal

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Why choose BitKonan?

First, BitKonan is known for its high security standards. The platform employs two-factor authentication, cold storage for user funds, and regular security audits to safeguard against unauthorized access and potential breaches. This focus on security ensures that your investments are well-protected.

Second, the exchange offers competitive trading fees, especially favorable for market makers. BitKonan charges a flat fee of 0.29% for takers, while makers enjoy fee-free trading. This pricing structure not only encourages liquidity but also makes trading more cost-effective for users who provide liquidity to the market.

Third, BitKonan’s user-friendly interface and advanced trading tools cater to a wide range of users. Whether you are a beginner or a seasoned trader, the platform’s intuitive design and comprehensive charting tools make it easy to execute trades and manage your portfolio effectively.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert from our site, I highly recommend BitKonan for its exceptional security measures and user-friendly interface. Established in 2013, BitKonan has a strong track record and offers competitive trading fees, particularly benefiting market makers. The platform supports fiat deposits, making it accessible for beginners. While it lacks a mobile app and a broad range of cryptocurrencies, its robust security and 24/7 customer support make it a reliable choice for secure and efficient trading.

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.