Based on the explanation of the crypto-asset exchange company, the crypto asset (virtual currency) listed on the website of the Financial Services Agency and handled by the crypto asset exchange company has only been confirmed to meet the definition under the Fund Settlement Act.
The Financial Services Agency/Financial Bureau does not guarantee or recommend the value of these crypto assets (virtual currencies). Cryptographic assets (virtual currencies) do not necessarily have underlying assets. Please be aware of the following precautions when trading crypto assets (virtual currency)
What Is Cryptocurrency Exchange Review
Bitbank Crptocurrency is a new cryptocurrency exchange service offering their clients highly accurate and reliable market insights for the trading of Bitcoin and Litecoin. … Also, Bitbank is so much more than an exchange and market insights platform.
Bitbank is an exchange based in Japan that launched in 2016. It specializes in trading Bitcoin and other cryptos against the JPY (its local currency). Coin-to-coin trading is also an option. Transactions can be made within a minimum of 1 business day after application is completed.
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|Exchange Name||Bitbank Crptocurrency|
How To Sign Up & Start Trading
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.
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.
Bitbank Crptocurrency Exchange Hosting Details
- Datacenter: AWS EC2 (us-east-1)
- Server IP: 18.104.22.168
- Location: United States of America
- City: Ashburn
- Domain Who Is: Click Here
- Reverse DNS of the IP: ec2-54-157-174-158.compute-1.amazonaws.com
Enable 2-Factor Authentication (2FA)
When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.
After completing these three steps, you’re through with fixing your account.
Bitbank Trading fees
Bitbank Cryptocurrency most important lesson to learn when it comes to picking the best cryptocurrency exchange site is that you must always check the fees. Bitbank’s trading fees for takers are 0.15%. This fee is slightly below the industry average. The industry average is arguably around 0.25%, although we currently see a large number of exchanges moving to even lower trading fees (0.10%-0.15%).
Bitbank Cryptocurrency exchange also offers a very large discount on the above trading fees for makers (i.e., providers of liquidity, the party in a trade that doesn’t take the offer that is already on the order book). Makers don’t pay any fees at all – they get paid. The maker fees here are thus -0.05%, meaning that makers are rewarded for providing liquidity to the trading platform. This is naturally a strong competitive edge for the investors who are not interested in picking up existing orders from the order book but rather prefers to “go fishing” with maker-orders.
Bitbank Withdrawal fees
Bitbank charges a withdrawal fee amounting to 0.0001 BTC when you withdraw BTC. This is far below the global industry average (0.000812 BTC per BTC-withdrawal). To conclude on the fees, Bitbank charges very competitive fees to the benefit of all its users.
They offer wire transfer as a deposit method, but credit cards are not a permitted deposit method. If you for any reason want to buy cryptos with your credit card, then this exchange is off boundaries for you. However, as the exchange accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
Bitbank – Bitcoin & Ripple Wallet
You can buy and sell of Bitcoin, Ripple, Ethereum, Litecoin, Monacoin and Bitcoin Cash. Popular altcoin stock including XRP / ETH is enriched. Additional brands are being added at any time! Simple and high functionality. You can also trade without stress from smartphone!
You can deposit at any time! 24-hour real-time deposit including Saturdays and Sundays realized! Offline cold wallet adoption. Multi-sig hacking measures are perfect!
No. 1 domestic trading volume
Domestic Nanba1 ※ If the bit bank with a trading volume, “easy to sell when you want to sell, easy to buy when you want to buy” a quick response possible to the day-to-day of intense price movements, is the perfect environment for encryption assets (virtual currency) traders ..
Licensed by JFSA
The strongest side of Bitbank exchange is that it holds a license from the Japanese Financial Services Agency (JFSA), as required by local law. this brings a lot of credibility to the exchange, as regulated entities are few in the crypto-world and most exchanges operate in the grey area.
No trading fees
By the time of writing this, Bitbank does not charge market makers, nor market takers, which is really attractive offer. Otherwise, its fees are low, amounting up to 0.15% per trade. By comparison, Quoine, a major Japanese crypto-exchange, charges 0.25% per trade.
Platform with advanced features
The web-based platform provided by Bitbank is mobile friendly and nicely designed. Besides, charting is provided by TradingView with more than 50 types of technical analysis indicators and more advanced features.