Tapbit Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, or crypto exchange, is a digital marketplace where users may buy, sell, and trade different cryptocurrencies. It acts as a middleman to enable the conversion of one cryptocurrency into another or into fiat money like US dollars, euros, etc.

By facilitating user access to a variety of digital assets and providing liquidity, crypto exchanges play a significant role in the cryptocurrency ecosystem.

Various trading pairs, or the cryptocurrencies that may be exchanged against one another, are often available on a cryptocurrency exchange. Bitcoin (BTC) to Ethereum (ETH) or Bitcoin (BTC) to the US dollar are two examples.

Centralized and decentralized exchanges are the two primary varieties of cryptocurrencies. Centralized exchanges (CEX), which are operated by businesses or other entities, serve as middlemen and keep user funds on their platform. On the other side, decentralized exchanges (DEX) function without a central authority and enable users trade directly from their wallets, giving them more control over their money.

What Is Tapbit Crypto Exchange ?

Tapbit provides secure and stable trading services for mainstream crypto assets such as BTC, ETH, SOL and USDC for global investors. The platform has been awarded the MSB fiat currency business license, NFA general financial license from the US federal government, and crypto and forex business license by SVGFSA. Further to this, guard all your assets on Tapbit with a $40 Million insurance fund.

Tapbit Crypto Exchange Quick Facts

How To Register At Tapbit Exchange ?

To register on Tapbit , 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.

Tapbit Exchange Supported Countries

Tapbit 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 Tapbit .

How To Verify Your Tapbit Cryptocurrency Account ?

There is no mandatory verification at Tapbit , 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 Tapbit , Revolut platforms.

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

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

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

1. Strong Passwords: Make up a strong password just for your Tapbit account. Use complex passwords sparingly, and stay away from obvious information like your name or birthdate. Type your message using a mix of capital and lowercase letters, numbers, and special characters.
2. Two-Factor Authentication (2FA): If Tapbit offers this option, enable two-factor authentication. By requiring a second verification mechanism, such as a code delivered to your phone in addition to your password, 2FA offers an additional layer of security.
3. Phishing Alert: Be wary of phony emails, links, or messages purporting to be from Tapbit. You might be tricked into divulging your login details or other personal information in a phishing effort.
4. Maintain Software Updates: Ensure that your web browser, operating system, and any other pertinent software are current with the most recent security updates. By doing this, known vulnerabilities are protected against.
5. Secure Connection (HTTPS): Be sure to use HTTPS when establishing a connection to Tapbit. To verify that the connection is encrypted, look for the padlock icon in the browser’s address bar.
6. Be Cautious of Phishing Scams: Be wary of emails, messages, or phone calls that ask for your personal information or account details. will never ask you for your password or 2FA code. Always double-check the URL of the website you are logging in to and make sure it is the official website.
7. By taking these steps, you can help protect your account and reduce the risk of unauthorized access to your funds.

Trade On Go Tapbit Is 100% Mobile Friendly

Both iOS and Android mobile devices support the Tapbit exchange mobile app. Users may manage their accounts, buy and sell cryptocurrencies, and keep track of their trading actions while on the road thanks to the exchange’s mobile application.

The mobile app’s user-friendly interface is mobile device optimized, making it simple to use and navigate. Additionally, it offers real-time price charts, order books, and trading history so that customers can keep up with the most recent market trends and make wise trading choices.

How To Contact Tapbit Customer Support Team?

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

Visit the organization’s website: Visit the website of the business if it has one, and look for the “Contact” or “Support” pages. There, you might discover contact details like phone numbers, email addresses, or a form to fill out so you can submit your inquiry.

Search online: Look up the company’s customer support contact information using search engines. Use phrases like “Tapbit customer support,” “Tapbit contact information,” or “Tapbit help desk.”

Check social media: Businesses frequently offer customer service through sites like Facebook and Twitter. If Tapbit is present on social media sites like Twitter, Facebook, or LinkedIn, you may be able to discover contact information or links to their support pages there.

Reach out to online forums or groups for related industries: If Tapbit is tied to a certain business or technology, users may be able to share their experiences there. By asking a question there, you might find the correct contact details.

Contact by phone or email: If you come across contact details, utilize the offered phone numbers or email addresses to get in touch with the company’s customer service team.

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

Features Of Tapbit Crypto Exchange

Convenient Payment Methods

Tapbit accepts a wide range of payment methods, including UK bank transfers, debit cards, and credit cards.

Trading Pairs:

Tapbit supports a wide range of trading pairs, including BTC, ETH, USDT, USDC, and more. This allows traders to access a variety of cryptocurrencies and trade them against each other.

Staking:

Tapbit offers users the ability to stake their cryptocurrencies and earn rewards. This is a great way to earn passive income on your crypto holdings.

Affiliate Program:

Tapbit has an affiliate program that allows users to earn commissions by referring others to the platform.

Security:

Tapbit takes user funds’ security very seriously and uses a number of safeguards to do so. These consist of frequent security audits, cold storage of money, and two-factor authentication (2FA).

User-Friendly Interface:

Both novice and experienced traders will find Tapbit to be very user-friendly and simple to use.

Trading Tools:

Users of Tapbit have access to a variety of trading tools, such as technical indicators, advanced charting, and order kinds. Trading decisions can then be made with knowledge thanks to this.

Tapbit Good Or Bad Points

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

Good points:

1. Innovative Features: Tapbit may have a big advantage over rivals if it provides special and cutting-edge features.
2. Ease of Use: A simple setup and user-friendly interface can increase the product’s appeal and accessibility to a wider audience.
3. Performance: A product’s dependability and speed can be a big plus, especially if they increase production or efficiency.
4. Customer assistance: For addressing issues and providing a positive user experience, good customer assistance might be vital.
5. Security: Users may feel more at ease using the product if Tapbit takes security seriously and uses strong encryption and privacy protections.

Bad points:

1. Pricing: Potential customers may be turned off by Tapbit if the price is too high or the pricing structure is confusing.
2. Compatibility: Tapbit’s utility may be constrained if it is incompatible with particular hardware or operating systems.
3. Bugs and Glitches : Frequent software problems or glitches can annoy users and negatively affect their overall user experience.
4. Limited functionality: Users may choose alternate solutions if Tapbit lacks necessary features or skills.

Is Tapbit Is Safe Platform To Trade ?

Users can buy, sell, and trade different cryptocurrencies on the Tapbit platform, which is an exchange for cryptocurrencies. While no exchange can promise complete security, Tapbit has put in place a number of security precautions to assist safeguard its users’ money.

For instance, Tapbit maintains the vast bulk of the money belonging to its users in offline, internet-inaccessible cold wallets. Because of this, it is significantly more challenging for hackers to steal money. Two-factor authentication (2FA) is another security measure that Tapbit uses to add an extra layer of protection for user accounts.

It’s crucial to keep in mind that no exchange can completely guarantee security, and trading cryptocurrencies is never completely risk-free. To protect your assets, it’s critical to conduct your homework, comprehend the threats, and implement the necessary security measures.

In summary, Tapbit has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

Tapbit Conclusion

A trustworthy and user-friendly cryptocurrency exchange, Tapbit offers traders and investors a number of services. For individuals wishing to purchase, sell, or keep cryptocurrencies, it is a desirable alternative due to its minimal trading costs, staking opportunities, and security features. Its affiliate program and community involvement also give users more chances to get rewards and meet people who share their interests.

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