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Tuesday, June 25, 2024

BitHash Exchange Review: BitHash Is Legit & Secure Exchange

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About BitHash Exchange

Launched on 23//06/2016, BitHash is a centralized exchange based in Singapore. BitHash offers USD, EUR and RUB fiat deposits and withdrawals, OTC trading, and an IEO launchpad platform. BitHash Exchange is operated by PHOENIX TRADING SOLUTIONS LTD, a company incorporated under the International Business Companies Act of 2016 of the Republic of Seychelles with company number 214028.

How To Sign Up & Start Trading

Exchange NameBitHash Exchange
Exchange TypeCryptocurrency
Withdraw Fee 0.0005 BTC
Taker Fee0.10%
Maker Fee0.10%

How To Sign Up & Start Trading

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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

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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.

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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.

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BitHash Trading fees

This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something that we call a “flat fee model”. They have a flat trading fee of 0.10%. The industry average is arguably around 0.25% so these trading fees charged by BitHash are definitively competitive. That is even though the industry averages are steadily decreasing, and 0.10% – 0.15% are slowly becoming new industry averages.

BitHash Withdrawal fees

Over to the withdrawal fees then. These are also very important to consider. When withdrawing BTC, the exchange charges you 0.0005 BTC. This withdrawal fee is also far below the industry average (roughly 40% lower than industry average, arguably being 0.000812 BTC).

All in all, the fees charged at this exchange is a competitive advantage against most other crypto exchanges out there today.

Deposit Methods

At this trading platform, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. The fact that fiat currency deposits are permitted at all also makes this exchange an “entry-level exchange”, meaning an exchange where new investors can take their first steps into the exciting crypto world.

BitHash Exchange Features

Multiple Trading Pairs

There are numerous trading pairs available on BitHash Exchange, allowing users to exchange their cryptocurrencies for a variety of fiat currencies.

Low Fees

Users can take advantage of even lower fees by holding BitHash tokens, and BitHash Exchange’s fees are competitive when compared to those of other cryptocurrency exchanges.

Margin Trading

BitHash Exchange provides users who want to trade with leverage the option of margin trading.

High Liquidity

According to BitHash Exchange, its members have access to high liquidity, guaranteeing that deals may be completed swiftly and effectively.

Mobile App

Users may trade while on the go with BitHash Exchange’s mobile app, which is available for both iOS and Android devices.

Advanced Trading Tools

To assist users in making knowledgeable trading decisions, BitHash Exchange provides advanced trading tools like trade indicators, order kinds, and charting tools.

Secure Storage

According to BitHash Exchange, the bulk of customer cash are kept in cold storage, which is a very secure manner of keeping money.

Customer service

BitHash Exchange provides its users with round-the-clock customer service via a variety of methods, including email and live chat.

KYC and AML Compliance

In order to protect the security of its customers and the reliability of its platform, BitHash Exchange is committed to adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) legislation.

Referral Program

BitHash Exchange has a referral program that rewards users for referring new traders to the platform, providing an incentive for users to grow the BitHash community.

BitHash Conclusion

In summary A cryptocurrency exchange called BitHash Exchange gives its consumers access to a variety of features and services. Low fees, margin trading, great liquidity, cutting-edge trading tools, and secure storage are a few of its standout characteristics. Additionally, BitHash Exchange provides a mobile app for iOS and Android smartphones as well as round-the-clock customer service.

It’s crucial to keep in mind that there have been some reports of delayed withdrawals and sluggish customer care response times. Furthermore, even if BitHash Exchange asserts to be very secure, there is always a risk involved in trading on any exchange for cryptocurrencies.

BitHash FAQ

What is BitHash Exchange?

BitHash Exchange is a cryptocurrency exchange that offers users the ability to buy, sell, and trade a wide range of digital assets with low fees and fast transaction times.

is BitHash Exchange secure?

BitHash Exchange claims to have strong security measures in place, including two-factor authentication and cold storage for user funds. However, as with any cryptocurrency platform, there is always a risk of hacking or theft.

What cryptocurrencies are supported by BitHash Exchange?

BitHash Exchange supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many more.

How can I fund my BitHash Exchange account?

You can fund your BitHash Exchange account by depositing cryptocurrencies or fiat currencies such as USD or EUR.

What fees does BitHash Exchange charge?

BitHash Exchange charges low trading fees compared to other cryptocurrency exchanges. However, there may be additional fees for depositing or withdrawing funds.

Does BitHash Exchange offer margin trading?

Yes, BitHash Exchange offers margin trading for users who want to trade with leverage.

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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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