Bits Blockchain Review

Bits Blockchain Review

in News/Use Crypto by

Bits Blockchain Review

Bits Blockchain is a Chinese exchange that enables individuals to buy, sell, and trade virtual currencies. Considering that its inception in 2017, the exchange has enabled many individuals from all over the world to get involved in altcoin trade. The exchange is not hostile towards United States investors. It could be one of the most beautiful virtual currency trading platforms for those looking for a place to buy or offer various coins.

What is Bits Blockchain?

The Macau-based cryptocurrency exchange is among the top 30 exchanges by day-to-day trading volume according to CoinMarketCap. The exchange is mainly favorite since it supports both coin-to-coin and coin-to-fiat trading. Its use of USD and EUR has made it a lot more popular amongst newbies.

Bits Blockchain Review

What can you trade on Bits Blockchain?

Bits Blockchain, as a cryptocurrency exchange supports various significant coins. Apart from Bitcoin, the exchange likewise supports other altcoins such as Ripple coin, Litecoin, Ethereum, Dogecoin, and ATM Coin (ATMC), its own token. ATMC is an altcoin that was created by the same firm that manages Bits Blockchain exchange. The overall supply of ATM Cash will reach $2.3 billion when the token reaches its rates limit of $10.

How safe is Bits Blockchain?

To open an account on Bits Blockchain, you only need to have an e-mail. As pointed out, American investors are permitted on this exchange. When it concerns account security, the exchange supports three-factor authentication, which makes it harder for anyone to access your account just utilizing your password. Given that the exchange has a wallet service, you are sure the BTC, USD or another loan in your account are safe.

Bits Blockchain Review

What are the fees on Bits Blockchain?

Before deciding whether to purchase or offer cryptocurrencies in a given platform, transaction charges are one of the essential aspects to consider. Both the taker and marker fees on Bits Blockchain are 0.5 percent. The costs used to both crypto-to-crypto and fiat-to-crypto trades. These charges are considered somewhat higher than the average market charges of 0.25 percent. It is recommended to think about the benefits of this exchange to develop if they outweigh the high costs. Bit Blockchain charges a withdrawal charge of 0.005 ETH, 0.004 BTC, 1 percent ATMC. This charge is much lower than what is charged by many of the other exchanges worldwide.

How safe is Bits Blockchain?

The security of your coins depends on you. You likewise need to think about the safety of exchange before deciding to rely on it. Even with some of the finest and biggest virtual currency trading platforms, security remains the primary concern, and there is no warranty that your funds will be explicitly protected due to the increased cases of hacking. Bits Blockchain is an SSL accredited website. This indicates the users need not be afraid when sharing their data as they are dealing with a real, genuine, and dependable site. According to the results of the Observatory test by Mozilla, the website’s security rating is D-. This is the average rating on most Cryptocurrency exchanges.

I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.