Bytex Logo
Börsen Bewertung
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why Bytex has received the inactive flag.

Bytex

Börsen-Gebühren

BTC Auszahlungsgebühren 0.00049 • Käufergebühr 0.10% • Anbietergebühr 0.10%

Einzahlungsmethoden

No Wire Transfer No Credit Card

Unterstützte Krypto-Währungen (7)

Bitcoin Cash, Bodhi Token, Metadium Token, Qtum Coin, Bitcoin and 2 more

UPDATE 13 June 2019: This exchange seems to be down at the moment. When we try to access it, we only receive error messages. If you have any information about this exchange that could be relevant for this review and the status of the exchange, please do let us know. In the meantime, however, we have marked this exchange as dead and moved it to our Exchange Graveyard.

To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.

Bytex is another exchange based in Singapore, since April 2018. If you live in Singapore and want a cryptocurrency exchange to trade at that is based in the same country as you – you are spoiled. All of the following exchanges are registered in Singapore: Coinut, COSS, Coinhako, Cointiger, DragonEX, Coinhub, Tokenomy, Bitrue, ABCC, Kyber Network and Liquid. And this exchange, of course.

Bytex has a decent but slim number of supported cryptocurrencies. You can trade Bitcoin, Bitcoin Cash, Bodhi, Ethereum, Metadium, Qtum and USDT here.

Bytex does not explicitly state that US-investors are prohibited from trading. Accordingly, if you’re a US-investors, you should be able to trade here. But, as always, US-investors interested in trading here should in any event should do their own analyses of any issues arising from their citizenship or residency.

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 Bytex:

Bytex Trading View

The most important lesson to learn when it comes to picking the best cryptocurrency exchange site is that you must always check the fees. 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 are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee is 0.10%, that both takers and makers have to pay when executing a trade.

This exchange only charges the network fees when you withdraw BTC. The network fees differ from day to day, but they have for a long time been substantially below the global industry average BTC-withdrawal fee. Global industry average BTC-withdrawal fee is 0.0008 BTC, and the network fees is roughly a 80%-discount against such fee.

Bytex does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!