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Monday, May 23, 2022

Bitvast Cryptocurrency Exchange Review: It Is Legit & Secure Exchange

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About Bitvast Cryptocurrency Exchange

Launched in December of 2018, Bitvast Cryptocurrency Exchange is a centralized exchange based in the Netherlands & South Africa. Registered and operated within the Netherlands & South Africa, Bitvast is currently one of the most advanced bitcoin exchanges globally, without a doubt.

Bitvast team has spent more than 2 years developing and finalizing a product to serve both advanced traders and investors who would like a simple, secure and affordable way to purchase and sell cryptocurrency.

With Bitvast Cryptocurrency Exchange new platform they aim to change and solve the current issues with current Bitcoin exchanges and hopefully drive a competitive, healthy environment for cryptocurrency enthusiasts to benefit and grow from.

Basic Information

ExchangeDetails
Exchange NameBitvast Cryptocurrency Exchange
Exchange TypeCryptocurrency
Min DepositFree
Withdraw Fee0.0006 
Maker Fee0.15%
Taker Fee0.15%
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.

Bitvast Trading fees

This exchange doesn’t treat takers (persons taking orders off the order book), and makers (persons placing the orders that the first group of persons take off the order book) differently. Instead, they charge something that we call a “flat fee”. This means that they charge both takers and makers the same fee. The fee they charge is 0.15%.

0.15% is an acceptable trading fee. Global industry average has historically been around 0.25%, and Bitvast’s fees are accordingly a bit lower than the historic global industry average. Today, however, they are today seeing more and more exchanges moving towards lower trading fees, and new industry averages are starting to form around 0.10%. So in comparison with the new emerging trading fee averages, Bitvast lies a bit higher.

Bitvast Withdrawal fees

Bitvast Cryptocurrency Exchange charges a withdrawal fee amounting to 0.0006 BTC when you withdraw BTC. This is around 25% lower than the industry average, as the industry average is arguably around 0.0008 BTC per BTC-withdrawal.

All in all, the fees here (both trading fees and withdrawal fees) are in line with the industry averages.

Deposit Methods

Bitvast does not accept any other deposit method than cryptos, so new investors are restricted from trading here. If you are a new crypto investor and you wish to start trading here, you will have to purchase cryptos from another exchange first and then deposit them at this exchange.

Why Buy Cryptocurrency?

Similar to the internet, no single entity controls cryptocurrencies like Bitcoin. It puts you back in control of your money, away from any middlemen. It gives you unprecedented freedom that we believe will change the face of the financial industry.

The platform gives you the power to invest or trade in a range of cryptocurrencies on a global, liquid platform.

Quick Buy/Sell interface

Other than the advanced trading interface, we also offer an easy to use interface to purchase or sell your chosen cryptocurrency with just a few simple clicks, without paying any additional fees.

Easily manage your wallets

Bitvast Cryptocurrency Exchange simple wallet interface for users to deposit, withdraw and keep track of their portfolio all under one interface.

Multi-Layered Security

They store sensitive information and 100% of all user assets in cold / offline storage – Meaning every withdrawal made from our platform is performed manually ensuring absolute safety.

KYC Free Crypto Trading

Bitvast traders can participate in our crypto-to-crypto trading markets without going through the extensive identification process. Simply create an account and start trading cryptocurrency immediately!

Bitvast Security

There are numerous things to consider when determining the security level at an exchange. For instance, one important thing is how big the proportion is of user assets that are stored in cold storage. Bitvast Cryptocurrency Exchange, apparently, store 100% of all user assets in cold / offline storage – meaning that every withdrawal made from the platform is performed manually ensuring “absolute safety”. This is, if true, very impressive.

Bitvast Exchange Review

6.8

CURRENCY VERITY

6.5/10

REPUTATION

7.0/10

CUSTOMER FEEDBACK

6.5/10

CUSTOMER SUPPORT

7.5/10

DESIGN

6.5/10

Pros

  • KYC Free Crypto Trading
  • Multi-Layered Security
  • Fast trading engine
  • 24/7 Support

Cons

  • Few Deposit method
  • No Live Support
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