BIT Cryptocurrency Exchange Review : Pros & Cons

About BIT

BIT is a full-featured cryptocurrency exchange that is designed for use by professionals. It provides services such as the execution of trading strategies, price discovery, and liquidity provision. BIT is always working to encourage the creation of innovative new financial products, improve the trading tools available to users, and offer a wide variety of tokens. Trade with confidence knowing that the platform is built with institutional-grade security and risk management measures in place.

Information Table

How To Register At BIT Exchange ?

To register on BIT, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your BIT Cryptocurrency Account ?

There is no mandatory verification at BI, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 0.0001 USD. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the BIT, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At BIT Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From BIT Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your BIT Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Fees

Spot Fees

Trading Rules

Features Of BIT Crypto Exchange

Available At Android & IOS Store

BIT Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading .

Multiple Workspace

Create an unlimited number of workspaces for personal use, the entire organization, teams, departments, cross-functional teams, and clients.

User Management

Manage user roles and permission levels that work for your organizational structure. Bit works well with organizations of various sizes.

Customizable Workflow

Bit is structured to break down business silos and help move content across teams. Move content from marketing to design, to legal, to sale, and finally to a client.

Content Library

Bit’s content library helps teams save and categorizes digital content and assets you use frequently inside documents. Making it easy to  reuse any digital asset to create other documents.

Document Editor Access

Access the content library inside of your smart Bit documents and quickly insert any type of saved digital content inside of your documents.

Folders/Subfolders

Create smart interactive Bit documents inside of workspaces and organize them with an unlimited number of folders and subfolders.

Workspace Insights

Get insights into the activities made inside of the workspace. Know who’s invited team members, who created documents, who deleted documents, and much more.

Documents Templates

Bit’s template gallery makes it incredibly easy to create and get started on the work you do. Choose from nearly 100 different templates to get work done.

Document Branding

Add your logo and organization name on top of every document you share with the outside world. Enhance your visibility and professionalism with smart Bit documents.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

BIT Conclusion

BIT is a shortened form that can refer to multiple things, including Bitcoin, Bitmain, and many others. The specific context is important to determine the conclusion. Can you provide more information or clarification on what you mean by “BIT conclusion”?