FatBTC Review 2024

Our veredict

FatBTC is a centralized cryptocurrency exchange based in Seychelles, operating since 2014. It supports a wide array of cryptocurrencies, including major stablecoins and offers fiat trading with the Chinese Yuan. FatBTC provides a user-friendly platform available in multiple languages and is accessible via mobile apps for both iOS and Android. The exchange charges a flat trading fee of 0.20% for both makers and takers, and it does not impose hefty withdrawal fees, maintaining competitive rates below the industry average. However, it does not accept US investors due to regulatory complexities, and has faced some criticisms regarding withdrawal practices and account deletion difficulties​.
For beginners and international users outside the US, FatBTC can be a viable option due to its low fees and extensive support for various cryptocurrencies. However, potential users should be aware of the reported issues with withdrawal restrictions and the lack of clear account closure processes, which might affect user trust and experience. It’s essential to weigh these factors before deciding to engage with this platform.

Pros

Cons

2,5

Threenvest Score

Fees

0.10% (Maker), 0.10% (Taker)

U.S Legal

No

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose FatBTC?

Choosing FatBTC as your cryptocurrency exchange can be a smart decision for several reasons. Firstly, FatBTC offers a user-friendly platform with a multi-language interface and mobile app support, making it accessible for traders worldwide. This inclusivity, combined with the availability of over 100 cryptocurrencies and various stablecoins, allows users to diversify their portfolios easily​.
Secondly, FatBTC maintains competitive fee structures, charging a flat trading fee of 0.20% for both makers and takers, which is lower than many industry averages. Additionally, the platform does not impose high withdrawal fees, ensuring that users can maximize their investment returns without being burdened by excessive costs​.
Lastly, the exchange has a decade-long track record of operations since its establishment in 2014. This longevity, coupled with robust security measures such as multi-factor authentication and encryption protocols, demonstrates its commitment to providing a secure trading environment. Although there have been some reported issues with withdrawal practices, the exchange’s overall reputation and user base suggest a reliable platform for cryptocurrency trading​​.
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EIP and Cryptocurrency Investor

As an expert on our site, I can confidently recommend FatBTC for those looking to trade a wide variety of cryptocurrencies with competitive fees. Since its inception in 2014, FatBTC has built a solid reputation, offering over 100 different cryptocurrencies and maintaining low trading fees at 0.20%. Its user-friendly interface, available in multiple languages, and strong security measures make it a reliable choice for international traders. However, be cautious about some reported issues with withdrawals and account deletions. Overall, FatBTC stands out for its accessibility and extensive crypto support​.

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.

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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.