Bit.com is a secure and high-performance derivative exchange launched by Matrixport, an integrated financial services firm and household name in crypto. Bit.com is incorporated in Seychelles. Established in February 2019, Matrixport was a spinoff from Bitmain Technologies, the world’s largest cryptocurrency mining equipment producer, and is backed by a league of top tier investors such as Jihan Wu, John Ge, Standard Crypto, IDG Capital, Lightspeed Venture Partners, Polychain, Dragonfly Capital, and Paradigm. Bit.com was built with institutional-grade security and risk management features to ensure a superior trading experience leveraging best-in-class liquidity.
Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Bit Exchange Website.
Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.
Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.
Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.
Step 5. Click On The “Confirm Email” Link In The Activation Email.
Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into YourBit.com .
Bit.com Exchange Trading fees
Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.
Here, takers pay 0.07% and makers pay 0.02% for their spot trading. According to the most extensive industry report ever prepared on average trading fees, the industry average spot trading taker fee was 0.215% and the maker fees 0.162%. So Bit.com Exchange are substantially below average regardless of which trader group you belong to.
With respect to the global average contracts trading taker fee and maker fee, these were 0.063% for takers and 0.018% for makers. Bit.com charges 0.05% for takers and 0.01% for makers. They are thus below both averages also with respect to contract trading fees. Very competitive indeed! Here’s a full overview of the various fees charged by Bit.com and how they are reduced as your trading volume reaches certain levels
Bit.com Exchange Withdrawal fees
Bit.com Exchange charges a withdrawal fee of 0.0005 BTC per BTC-withdrawal. Once more, this fee is below the global industry average. The current global industry average is 0.000643 BTC per BTC-withdrawal according to this report, so Bit.com Exchange’s BTC-withdrawal fee is quite competitive.
Bit.com is built on top of a state of the art 10,000 TPS matching engine with less than 50 ms round trip latency.
200BTC in the Insurance Fund on Day One
The Bit Exchange Insurance Fund already has 200 BTC upon its launch (one of the largest among new exchanges) to mitigate socialized losses, better protecting your investment.
The exchange also applies an incremental liquidation mechanism to provide additional user protection during extreme market conditions. This robust risk management system was built by a world-class team of derivatives, risk management, and technical professionals.
Bit.com provides institutional grade security safeguarded by Cactus Custody (a Qualified Custodian).
Bit Exchange offers portfolio margining across all products to institutional investors and enables block trading through Paradigm and ACCX.
This is proud to serve diverse and sophisticated institutional and retail customers, including miners, prime brokerages, hedge funds, professional traders and retail investors from across the globe.
Bit.com has launched a perpetual BTC/USD perpetual swap and BTC options. More derivatives products will be introduced in the future. Stay tuned!
Leading High Performance Crypto Exchange
Liquidity – Top liquidity provided globally by tier-one market makers.
50x Leverage – Up to 50x leverage with futures and 10x with options.
Security – Safeguarded by the cutting-edge custodian infrastructure of Cactus Custody for the global user base
User Protection – Leading insurance funds and incremental liquidation mechanism
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.