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Bitcoiva Cryptocurrency Exchange Review: It Is Legit & Secure Exchange

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About Bitcoiva Cryptocurrency Exchange

Bitcoiva Cryptocurrency Exchange is one of the cryptocurrency exchanges from India. It has been up and running since 2020, so still quite a fresh addition to the crypto exchange market. You can engage in both spot trading and contracts trading here.

The BITCOIVA cryptocurrency exchange recorded $ 271.80M in trading volume over the last 24 hours. KNC/USDT is currently the most active trading pair on BITCOIVA, and saw $ 1.90M in trading volume in the last 24 hours.

The biggest gainer on Bitcoiva Cryptocurrency Exchange today is TROY/INR, which increased by 25.47% on the day. The worst performing pair on BITCOIVA is currently INR/ORN, which saw a -19.10% drop. On BITCOIVA, you can currently trade 457 trading pairs across 129 markets.

Basic Information

ExchangeDetails
Exchange NameBitcoiva Cryptocurrency Exchange
Exchange TypeCryptocurrency
Deposit FeeFree
Maker Fee0.10%
Taker Fee0.20%
Withdraw Fee0.0004
Support24/7
Website Homepage

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.

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.

Bitcoiva Trading fees

Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.

Bitcoiva charges what we call flat fees, meaning that both the takers and the makers pay the same fee when it comes to spot trading: 0.25%. These spot trading taker fees are quite in line with the global industry averages for centralized exchanges. Sure, industry averages have historically been around 0.20-0.25% but we now see new industry averages emerging around 0.10%-0.15%. 

Bitcoiva Withdrawal fees

Withdrawal fees are usually fixed and vary from crypto-to-crypto. If you withdraw BTC, you pay a small amount of BTC for the withdrawal. If you withdraw ETH, you pay ETH. The last time we did an empirical study of the BTC-withdrawal fees in the crypto exchange market, we found that the average BTC-withdrawal fee was 0.0006 BTC per BTC-withdrawal.

Bitcoiva Cryptocurrency Exchange charges 0.0007 BTC per BTC-withdrawal, which is somewhat above the global industry average (being 0.00059 BTC per BTC-withdrawal according to this report).

Deposit / Withdraw

AssetsAsset TypeWithdraw FeeMinimum Deposit AmountMinimum Withdraw AmountMaximum Withdraw AmountConfirmationsDepositWithdraw
1INCHCrypto0.005000001.000000001.00000000100.000000003ActiveDeactive
ADACrypto0.005000001.000000001.00000000100.000000003ActiveDeactive
AIONCrypto0.005000001.000000001.00000000100.000000003ActiveDeactive
AKROCrypto0.005000001.000000001.00000000100.000000003ActiveDeactive
ALGOCrypto0.005000001.000000001.00000000100.000000003ActiveDeactive
ALPHACrypto0.005000001.000000001.00000000100.000000003ActiveDeactive
ANKRCrypto0.005000001.000000001.00000000100.000000003ActiveDeactive

Deposit Methods

In addition to depositing cryptocurrency to the platform, Bitcoiva also lets you deposit fiat currency. However, only through wire transfer (not credit or debit card).

Seeing as fiat currency deposits are possible at this trading platform, this platform qualifies as an “entry-level exchange”, making it an exchange where new crypto investors can start their journey into the exciting crypto world.

Referral Program

Example: 1 BTC Price = 1000000 Rs

1 BTC Referral Income = 2000 Rs

30 Days Trade Volume

Every month unclear balance zero

Mobile Support

Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that Bitcoiva’s trading platform is also mobile compatible. You can download it from Google Play if you have an Android.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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