BitoPro

BitoPro Review

What is BitoPro?

BitoPro is a cryptocurrency exchange registered in Taiwan, launched in 2017. Not only does the BitoPro company operate the BitoPro Exchange, they also provide other crypto solutions. These solutions include digital wallets, business applications, financial auditing and more.

US-investors

This trading platform does not prohibit US-investors from trading, but US-investors should still do their own independent assessment of any problems arising from their residency or citizenship.

Mobile Support

Most people do their trading on desktop. However, there are also a fair share of people out there that prefer to do their cryptocurrency investments via mobile. If you’re one of those people, you’ll be happy to know that BitoPro is also available as a mobile application. You can download it from both the AppStore and Google Play.

BitoPro Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at BitoPro:

BitoPro Fees

BitoPro Trading fees

The one thing we can’t stress enough is that you must always know the trading fees at any exchange you are interested in. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.

BitoPro’s trading fees for takers are 0.20%. This fee is in line with industry average. The exchange also offers a discount to makers, who trade at a fee of 0.10%. The latter is especially beneficial for the investors not interested in picking up existing orders from the order book.

BitoPro Withdrawal fees

BitoPro's withdrawal fee is 0.0004 BTC per BTC-withdrawal. This fee is a bit below the industry average. The global industry average BTC-withdrawal fee the last time we at Cryptowisser did a full-blown empirical study of it was approx. 0.0006 BTC per BTC-withdrawal. 0.0004 BTC per BTC-withdrawal is a low consumer-friendly fee, roughly 33% lower than the industry average.

Deposit Methods

When it comes to deposit methods, BitoPro allows wire transfer deposits but not credit card deposits. To our knowledge, no other Taiwanese exchange allows credit card deposits either. If you absolutely need to purchase your first cryptos after having made a credit card deposit, you can find another trading platform by using our Exchange Finder.