Bit.com Review

Bit.com is a cryptoexchange platform specializing in spot, options, and futures. It's perfect for new and veteran traders interested in derivatives.

We recommend the best services through an independent review process, and advertisers do not influence our picks. We may receive compensation if you visit partners we recommend. 

Our Rating:
4
5
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.

Quick summary

Pros and Cons

Pros

  • Focuses on options
  • Unified margin feature
  • Less competitive market
  • BCH options

Cons

  • Limited trading pairs
  • Low trading volume
  • Limited spot options
  • Erratic funding rates

Bit.com offers what every trader, new and seasoned, is looking for in the cryptoexchange industry. It’s perfect for anyone interested in derivatives and altcoins. Despite not having a high ranking like some of its established competitors, it quickly gained a reputation as one of the best options markets in the industry. 

If you’re looking for one of the best options platforms currently available, look no further. Check out everything that Bit.com offers to see if it’s right for you. 

bit com review

What is Bit.com?

This platform offers spot, options, and futures for digital assets to traders. It’s relatively new and doesn’t rank as highly as the established cryptoexchange platforms in the industry, but that hasn’t stopped it from offering the second-largest options market in the world behind Deribet. As it gains popularity, so have its features to help broaden its appeal. 

It offers all the tools traders need, from technical analysis tools, advanced trading controls, and Tier 2 market data. It’s a reputable broker that helps traders of varying levels access a variety of tradable assets. Its main focus is on three asset classes, but they still provide ample investment options for users. 

Another big selling point of the platform is its institutional level security and performance features that keep trader investments safe and secure at all times. As all traders know, keeping your money safe is one of the most important steps. 

The exchange’s main trading platform is web-based and accessible from a variety of web browsers. It is even available as an app on Android and iOS systems. However, you don’t have to download any additional apps to use the site. This gives traders easy access to their accounts wherever they go. 

How Does Bit.com Work?

Bit.com can be used on the desktop, iOs, Android, and Api. All you have to do is make an account online using your e-mail address. The website will e-mail you the verification that you must enter when you log on to the site, then you’re free to start trading. 

Step-By-Step Bit.com Guide

Once you have securely logged onto the site, you can choose from the different exchange currencies offered paired with the features that best suit your needs to start trading with others on the platform. There are different trade options listed at the top of the screen that lead you to the buy or sell options to enter the market. You just select how you would like to trade and where before making a transaction. 

Who is Bit.com for?

Bit is for both new and veteran traders looking to use a new platform that focuses on options and BCH. This relatively new cryptoexchange platform has been growing in population as traders look for the next big platform. An increase in popularity has improved the features and added more variety to meet the needs of a wider audience. 

The growing trade volume offers less competition, perfect for anyone new to the world of trading. This allows users to get familiar with some of the platform’s unique features as they gain experience. The low numbers also make it easier for market makers to test algorithms. 

The platform offers a variety of features like the portfolio margin, provides hedgers with a significant margin to benefit from well-maintained and low-risk portfolios. The unified margin feature allows traders to optimally trade without having to transfer funds between multiple accounts for ease. 

This platform is suitable for anyone new and looking for a platform to gain experience with or veteran traders interested in the special features. The website is easy to use and comes with a variety of help options, so all skill levels will have an easy time navigating the platform’s features. 

Bit.com Company Information

Bit is an exchange registered in Seychelles and was launched in 2020. The chairman of the platform is Jihan Wu, who co-founded Bitmain and Matrixpoint. 

What Makes Bit.com Unique?

BCH Options

Bit was one of the first cryptoexchange platforms to offer BCH options. One of the biggest draws to this platform over others is the BTC, ETH, and BCH options for traders who prefer altcoins. 

Bit.com Deposits and Withdrawals

Users can deposit crypto into the Bit exchange or choose to deposit fiat currency. You will make every deposit through credit/debit card purchases and wire transfers. The exchange withdrawal fee is 0.0005 BTC, which is lower than the average. 

Non-Standardized Fees

Trading fees on the exchange are not standardized. They are tiered to boost trading, rewarding more active traders. 

Bit.com Reviews and Reputation 

The platform is relatively new but has a well-regarded reputation for being user-friendly and its specialization in crypto derivatives and altcoins. It’s secure and provides a fresh perspective on options trading. 

Final Verdict 

This platform is great for beginner and expert traders interested in trading with crypto derivatives and altcoins. Its large options market and growing reputation make it a great platform for market makers to run their algorithms and traders to make less competitive transactions. Open an account to see for yourself!

Our Rating:
4
5
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.