Bitcoiva Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, sometimes known as a crypto exchange, is a digital platform where users can buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and Litecoin. These exchanges function similarly to regular stock markets in that buyers and sellers can meet to exchange assets.

Crypto exchanges, on the other hand, permit the buying and selling of digital currency rather than stocks and bonds.

Users can open an account on a cryptocurrency exchange, deposit funds, and then use those funds to buy or sell multiple cryptocurrencies. These exchanges typically charge a small fee for their services, which varies based on the platform and the type of transaction.

Binance, Coinbase, Kraken, and Bitfinex are among the most prominent cryptocurrency exchanges. While crypto exchanges might be a handy way to trade cryptocurrencies, they are also vulnerable to security threats, and users should take care to protect their digital assets.

What Is Bitcoiva Crypto Exchange ?

Bitcoiva is the Next-generation crypto trading platform that supports various forms of transactions and direct purchase options. Instant, fast and easy transactions are possible with Bitcoiva. With order execution at lightning speed, multiple layers of security, high liquidity, and 24*7 online customer support, BITCOIVA is India’s fastest-growing trading platform.

Bitcoiva Crypto Exchange Quick Facts

How To Register At Bitcoiva Exchange?

To register on Bitcoiva , 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.

Bitcoiva Exchange Supported Countries

Bitcoiva Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Bitcoiva .

How To Verify Your Bitcoiva Cryptocurrency Account ?

There is no mandatory verification at Bitcoiva , but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. 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 Bitcoiva , Revolut platforms.

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

There are two main options for topping up your balance on Bitcoiva . 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 Bitcoiva 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 Bitcoiva Account ?

There are several steps you can take to help secure your Bitcoiva account and protect your funds:

1. Use a strong and unique password: Create a password that is difficult to guess and has a mix of uppercase and lowercase letters, numbers, and symbols. Personal information such as your name, birthdate, or address should be avoided. Use a unique password for each account you have.
2. Enable two-factor authentication (2FA): Two-factor authentication (2FA) adds an extra degree of security to your account. To access your account, you must enter an extra code produced by an app or given to your phone through SMS.
3. Keep your private key offline: Your Bitcoin account is accessed using your private key. To prevent hackers from accessing it, it is critical to keep it secure and offline. Use a hardware wallet, which is a physical device that stores your private key.
4. Choose a reliable exchange: Select a reputable and well-established Bitcoin exchange with a track record of security and dependability.
5. Maintain your software: Keep your Bitcoin wallet and software up to date with the latest security patches and updates.
6. Be wary of phishing scams: Hackers may use phishing scams to deceive you into giving them access to your Bitcoin account. Avoid unwanted emails or messages that request personal information or login credentials.
7. You can assist secure the security of your Bitcoin account and protect your investment by following these measures.

Fees taken when buying virtual currency

Bitcoiniva Trading Fees

The exchange charges you a trading fee every time you place an order. The trading charge is often a percentage of the trade order value. Many transactions distinguish between takers and makers. Takers are the individuals who “take” an already existing order from the order book. Makers are the individuals who add orders to the order book, resulting in liquidity on the marketplace.

When it comes to spot trading, Bitcoiva charges what we term flat fees, which means that both takers and makers pay the same fee: 0.25%. These taker fees for spot trading are in line with global industry rates for centralized exchanges. Sure, historically, industry averages have been around 0.20-0.25%, but are now seeing new industry averages emerge at 0.10%-0.15%.

The average industry spot trading taker charge was 0.215%, and the comparable spot trading maker cost was 0.162%. Bitcoiva’s fees are very typical in comparison to industry averages. So not very high, but also not terribly low.

Bitcoiniva Withdrawal Fees

Withdrawal costs are typically fixed and vary by cryptocurrency. When you withdraw Bitcoin, you must pay a modest fee in Bitcoin. When you withdraw ETH, you must pay ETH. they determined that the average BTC-withdrawal cost in the crypto exchange market was 0.0006 BTC per BTC-withdrawal the last time they completed an empirical analysis of BTC-withdrawal fees.

Bitcoiva costs 0.0007 BTC each BTC withdrawal, which is slightly higher than the global industry average (which according to this research is 0.00059 BTC per BTC withdrawal). It’s above normal, but not frighteningly so.

Deposit Method

Bitcoiva allows you to deposit fiat dollars as well as cryptocurrencies on the site. However, only wire transfers are accepted (no credit or debit cards).

Because this trading platform accepts fiat currency deposits, it qualifies as a “entry-level exchange,” which means that it is an exchange where new crypto investors can begin their adventure into the exciting crypto world.

Trade On Go Bitcoiva Is 100% Mobile Friendly

Most cryptocurrency traders believe that trading on a desktop computer provides the ideal circumstances. The computer has a larger screen, and on larger screens, more of the critical information that most traders rely on may be displayed at the same time. The trading chart will also be more easily visible.

However, not all cryptocurrency investors require desktop computers for trading. Some people prefer to trade cryptocurrency on their phones. If you are one of these traders, you will be pleased to know that Bitcoiva’s trading interface is also smartphone friendly. If you have an Android, you can get it through Google Play.

How To Contact Bitcoiva Customer Support Team?

If you need help with your Bitcoiva account or have any questions, you can contact Bitcoiva customer support through the following methods:

Visit Bitcoiva’s website: On the company’s website, there may be a “Contact Us” page or a help center where you may submit a support request or locate an email address or phone number to contact the support team.

Social Media : Check to see if Bitcoiva has a social media account, such as Twitter or Facebook. You might be able to contact their support team through message or tweet.

Forums : Forums: Look for Bitcoiva-related forums or discussion boards. You might be able to uncover useful information or get help from other users.

Social Media: You can reach out to Exmo on their social media channels like Twitter, Facebook, or Telegram to get help.

E-Mail : If you have an email address for Bitcoiva, you can contact their customer service team with your question or problem.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Bitcoiva customer support can assist you efficiently.

Features Of Bitcoiva Crypto Exchange

Safe and Secure :

Completely Configured as combating against the malicious attacks, your crypto – assets are stored securely with the user-friendly interface, wallet and its infrastructure is highly protected.

Payment Options :

Users can instantly deposit or withdraw the INR, it takes just a fraction of a second. Bitcoiva offers the best payment options to the traders by means of accepting payments through IMPS, NEFT, RTGS, UPI, etc.

Instant Swap :

Users can instantly swap their currencies without difficulty. Through this instant swap option, choose one crypto, fiat or asset and enter the quantity of asset you want to swap after deciding the desired cryptos you want back. 

Spot Exchange:

The spot exchange is termed as spot trading, where the traders can immediately buy/sell their cryptocurrencies. The immediate transaction is done with this spot trade feature and the amount will be transferred to your wallet quickly.

Peer to Peer:

Bitcoiva works in Peer to Peer mode, where the buyers can directly pay to sellers’ accounts without intermediaries and quickly buy/sell your cryptocurrencies.

Lending:

Bitcoiva allows you to lend your digital assets easily with the best interest rates. Your funds get released at any time. Locked savings funds will be released after the completion date.

Referral:

If you recommend your friend, you are rewarded instantly for each and every transaction done by them. Bitcoiva offers more rewards for your referrals which helps you to earn more easily.

Future Trading:

Invest now and earn more in the future. Future trading creates a chance for the investors to earn more, for instance If you are investing an amount in thousands, you will certainly gain lakhs in the future.

Trading Tools:

Bitcoiva provides users with a range of trading tools, including advanced charting, technical indicators, and order types. This allows traders to make informed trading decisions.

Mobile App:

Bitcoiva has a mobile app for both iOS and Android devices, allowing users to trade on-the-go.

Multiple payment Options

Bitcoiva supports a variety of payment options, including bank transfers, credit/debit cards, and e-wallets, among others.

Bitcoiva Good Or Bad Points

Bitcoiva is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Bitcoiva :

Good points:

1. Decentralized: Bitcoin is decentralized, which means it functions without a central authority or intermediary. As a result, it is immune to censorship and political control.
2. Limited Supply: Bitcoin’s maximum supply is capped at 21 million, making it a deflationary asset with the potential to increase in value over time.
3. Global Acceptance : Bitcoin is accepted by retailers and individuals all around the world, allowing for borderless transactions and minimizing the need for currency exchange.
4. Privacy : Because Bitcoin transactions are pseudonymous, users can transact without revealing their true identify.

Bad points:

1. Volatility: The price of Bitcoin is highly volatile, with huge price changes occurring in a short period of time, making it a dangerous investment.
2. Security Concerns: While Bitcoin itself is secure, the exchanges and wallets used to store and trade Bitcoin are subject to hackers and thefts.
3. Environmental Impact: Bitcoin mining consumes a lot of energy, which raises concerns about its environmental impact.
4. Regulatory uncertainty: Bitcoin has been linked to unlawful activities such as money laundering and illicit transactions on dark web markets.
5. Illegal Activities : Bitcoin has been linked to illegal activities such as money laundering and dark web marketplace transactions.

Is Bitcoiva Is Safe Platform To Trade ?

Bitcoiva is a peer-to-peer digital currency that functions on a decentralized network. The platform’s security is determined by various elements, including the exchange platform, the storage of your private keys, and your own security standards.

While Bitcoiva and other cryptocurrencies are famed for their security, the exchange platform you use to buy and sell Bitcoin can also have an impact on its security. It is critical to select a trustworthy exchange platform with robust security features such as two-factor authentication, SSL encryption, and cold storage of cash.

Furthermore, it is critical to secure your personal Bitcoin by storing it in a wallet that you hold the private keys to and not disclosing your private keys with anyone. This will help protect your assets from potential hacks or thefts on the exchange site.

Finally, the security of the Bitcoin platform and your assets is dependent on your own vigilance in safeguarding your private keys and selecting a trustworthy exchange platform. Before making any investments, always conduct your own research and obtain competent financial advice.

Bitcoiva Conclusion

Bitcoiva is a trustworthy and user-friendly cryptocurrency exchange that offers a variety of services to traders and investors. Because of its minimal trading costs, staking possibilities, and security precautions, it is an appealing alternative for individuals wishing to purchase, sell, or keep cryptocurrencies. Furthermore, its affiliate program and community participation provide users with extra chances to earn incentives and connect with like-minded others. Whether you’re a novice or a seasoned trader, Nominex has the tools and resources you need to succeed in the world of cryptocurrency trading.

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