Bitsblockchain.net Exchange Review: Bitsblockchain Is Legit & Secure

About Bitsblockchain.net

Bitsblockchain.net domicile country is China, but more specifically Macao. As such, it is the only exchange in our Cryptocurrency Exchange List that is based in Macao. Bits Blockchain does not explicitly prohibit US-investors from trading on its exchange. A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you.

Contents

About Bitsblockchain.net

How To Sign Up & Start Trading
How To Sign Up & Start Trading
Bits Blockchain Trading fees
Bits Blockchain Withdrawal fees
Deposit Methods
Why Choose Bits Blockchain

In any event, all US-investors should still do their own independent analysis of any problems arising from their residency or citizenship. In a worst-case scenario, they are still prohibited from trading at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).

Bitcoin and Digital assets prices are volatile and fluctuate day-to-day. Trading in these Digital assets may be considered a high risk activity. Proper diligence and sound judgement should be used in evaluating the risks associated with these activities. They do not solicit nor make any representation that Digital assets are an investment vehicle. The decision to trade Digital assets rests entirely on the users own independent judgement.

Exchange	Details
Exchange Name	Bitsblockchain
Exchange Type	Cryptocurrency
Withdraw Fee	0.004
Deposit Fee	Free
Taker Fee	0.50%
Maker Fee	0.50%
Support	24/7
Top Country	India
Website	Homepage

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Bits Blockchain Trading fees

The one thing you must not forget is to check the trading fees of an exchange that interests you. Bits Blockchain offers a flat trading fee of 0.50%. The exchange does accordingly not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. The fee level of 0.50% mentioned above is much higher than the industry average which is around 0.25%. One should consider whether this exchange has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.

Bits Blockchain Withdrawal fees

Bits Blockchain charges a withdrawal fee amounting to 0.004 when you withdraw BTC. This is far above average in the industry. To summarize on the fees, this exchange’s offering is evidently not very competitive.