Bits Blockchain Review

Bits Blockchain Review (Updated 2019)

in News/Use Crypto by

Platform Review – Bits Blockchain

Bits BlockchainDespite being very new exchange platform that was founded in 2017, Chinese Bits Blockchain attracted big user base all over the globe providing trade and transaction services. Also even if it is Chine based platform it welcomes all investors including investors from United States, so it may become you final destination if you are searching for platform to trade.

What is Bits Blockchain?

Platform is founded not in mainland China but in Macau where regulations differ, so it allows to platform to grow fast an enter top 30 exchange platforms on daily trading volume in such short time. It gained its users by accepting both coin and normal money trade, platform accepts USD and EUR making it much easier for people who are just starting trading.

Bits Blockchain Review

What can you trade on Bits Blockchain?

Platform has its own token called ATM Coin, this token was created by managing company of Bits Blockchain. The estimated overall cash value of ATM will reach 2.3 billion USD if prices of tokens will rise to the 10 USD limit. Except its own token, platform also allows trading of many popular coins like Bitcoin and Ethereum and some altcoins like Ripple, Litecoin and Dogecoin.

How safe is Bits Blockchain?

Security is always the main point when subject is money transactions and even most advanced cryptocurrency platforms can nit guaranty you funds will be secure due to rising hacker attacks. So safety of users wallet is always up to them, users should consider to take all necessary steps to secure their accounts and play by rules of their exchange platforms. To create account on Bits Blockchain only email is needed however platform provides three step validation, which makes it more safer tham any two step verified platforms. Exchange platform provides a cryptowallet service so it is in users interest to use those multistep authentications.Bits Blockchain uses SSL approved website and its security rated by Mozila as D- which is average among exchanges and enough to be considered trustworthy, reliable and dependable.

Bits Blockchain Review

What are the fees on Bits Blockchain?

As always in choosing trading platform to sell or buy cryptocurrencies the commission fees are one of the most important criteria to think about. The trade commission is charged on both seller and buyer on same rate of 0.5%, it involves both coin to coin and coin to money trade. Users of this platform should considers its benefits and compare it with other platforms since charges are higher that market average of 0.25%. On the other hand Bits Blockchain offers much attractive withdrawal rates of 0.005 ETH, 0.004 BTC, 1 percent ATMC and it is considered lower that market average and makes platform better compared to other exchanges.

How safe is Bits Blockchain?

TSecurity is always the main point when subject is money transactions and even most advanced cryptocurrency platforms can nit guaranty you funds will be secure due to rising hacker attacks. So safety of users wallet is always up to them, users should consider to take all necessary steps to secure their accounts and play by rules of their exchange platforms. To create account on Bits Blockchain only email is needed however platform provides three step validation, which makes it more safer tham any two step verified platforms. Exchange platform provides a cryptowallet service so it is in users interest to use those multistep authentications.Bits Blockchain uses SSL approved website and its security rated by Mozila as D- which is average among exchanges and enough to be considered trustworthy, reliable and dependable.

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.