BiteBTC
Comisiones de intercambio
Métodos de depósito
Criptomonedas compatibles (33)
UPDATE 1 November 2019: This exchange has been widely acknowledged as a scam. There are loads of people around different forums (Reddit, for one) accusing this exchange for being a scam. Accordingly, we have marked it as dead in our database.
When you try to access the website today, it redirects you to a site that looks exactly like BiteBTC, but is called Fedlio.
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BiteBTC Review
BiteBTC is a cryptocurrency exchange from Singapore. On 7 August 2018, the exchange announced that they were relocating their legal seat to another country and that they were considering off-shore jurisdictions, such as Seychelles or Gibraltar. We have however not heard any update on which choice the exchange ultimately made in this regard.
The platform launched in January 2018. Singapore is one of the world’s premier places for cryptocurrency exchange headquarters. In addition to this exchange, the following exchanges all are registered or headquartered in Singapore: Coinut, COSS, Coinhako, Cointiger, DragonEX, Coinhub, Tokenomy, Bitrue, ABCC, Kyber Network, Liquid and Cryptology. Some list, huh?
On the date of last updating this review (11 September 2021) the exchange was listed as untracked on coinmarketcap.com. However, according to coingecko the exchange has a 24-hour trading volume USD 1,222,349.
According to the information that we have received, US-investors can also trade here.
BiteBTC 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 BiteBTC:
BiteBTC Fees
BiteBTC Trading fees
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.
BiteBTC doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Their flat fee is 0.20%. This is in line with the global industry average.
BiteBTC Withdrawal fees
This exchange charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This fee is also in line with the global industry average.
Deposit Methods
At this trading platform, you can deposit through both wire transfer and credit cards. The exchange also enables you to deposit via Swift-transfers, Alipay, OK Pay and many other methods. BiteBTC is thus an “entry-level exchange”, which is helpful especially for newer crypto investors.
