Fatbtc Cryptocurrency Exchange Review : Pros & Cons

About Fatbtc

Fatbtc is a cryptocurrency exchange platform based in Hong Kong. It offers trading services for a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others. FatBTC provides its users with a secure and user-friendly platform for buying, selling, and trading digital assets. It supports multiple languages, making it accessible to a wide range of users around the world.

In addition to its trading services, FatBTC also offers other features such as a wallet for storing digital assets, a platform for initial coin offerings (ICOs), and over-the-counter (OTC) trading for large trades. It’s important to keep in mind that cryptocurrency exchanges carry a certain level of risk, and users should carefully research and evaluate any platform before using it. This includes considering factors such as security measures, fees, and user reviews.

Information Table

How To Register At Fatbtc Exchange?

To register on Fatbtc, 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 Fatbtc Cryptocurrency Account ?

There is no mandatory verification at Fatbtc, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 0.01 ETH. 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 Fatbtc, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Fatbtc 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 Fatbtc 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 Fatbtc 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.

Trading fee

Deposit & Withdrawal fees

Features Of Fatbtc Crypto Exchange

Available At Android & IOS Store

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

Trading

FatBTC provides a platform for trading a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others.

Wallet

FatBTC offers a secure wallet for storing digital assets, allowing users to store their assets in one place.

OTC trading

FatBTC provides over-the-counter (OTC) trading for large trades, allowing users to make large trades without impacting the market.

ICO platform

FatBTC also offers a platform for initial coin offerings (ICOs), providing users with a one-stop shop for digital asset investment opportunities.

Multi-language support

FatBTC supports multiple languages, making it accessible to a wider range of users around the world.

Security

FatBTC places a strong emphasis on security and uses a variety of measures to protect user assets, including multi-signature technology, SSL encryption, and cold storage.

User-friendly interface

The FatBTC platform is designed to be easy to use, with a user-friendly interface that allows users to quickly navigate and trade digital assets.

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.

Fatbtc Conclusion

FatBTC is a Hong Kong-based cryptocurrency exchange that offers a secure and user-friendly platform for trading a variety of digital assets. With a focus on security and a range of features, including OTC trading and an ICO platform, FatBTC provides users with a comprehensive solution for managing their digital assets.

However, it’s important to keep in mind that the suitability of an exchange for a particular user will depend on their individual needs and circumstances. Before using any cryptocurrency exchange, it’s important to research and evaluate the platform, including its security measures, fees, and customer support.