Bitvast.com Exchange Review: The world’s Premier Bitcoin Exchange

About Bitvast.com

Launched in December of 2018, Bitvast.com is a centralized exchange based in the Netherlands & South Africa. The world’s premier bitcoin exchange Trade or Invest in a wide range of cryptocurrencies on a global, liquid cryptocurrency exchange. Bitvast is an exchange from South Africa that launched in 2018. It calls itself the “world’s premier bitcoin exchange”. In addition to Bitcoin, Bitvast also offers trading in most of the bigger cryptocurrencies. You will not find the more exotic altcoins here, but more than a handful of the big ones.

Operating Company 

How To  Start With Bitvast.com

To Start Trading With Bitvast Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Bitvast Exchange Cryptocurrency 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 Your Bitvast.com.

Bitvast Trading fees

Bitvast.com exchange doesn’t treat takers (persons taking orders off the order book), and makers (persons placing the orders that the first group of persons take off the order book) differently. Instead, they charge something that we call a “flat fee”. This means that they charge both takers and makers the same fee. The fee they charge is 0.15%.

0.15% is an acceptable trading fee. Global industry average has historically been around 0.25%, and Bitvast’s fees are accordingly a bit lower than the historic global industry average. Today, however, we are today seeing more and more exchanges moving towards lower trading fees, and new industry averages are starting to form around 0.10%. So in comparison with the new emerging trading fee averages, Bitvast lies a bit higher.

Bitvast Withdrawal fees

Bitvast charges a withdrawal fee amounting to 0.0006 BTC when you withdraw BTC. This is around 25% lower than the industry average, as the industry average is arguably around 0.0008 BTC per BTC-withdrawal. All in all, the fees here (both trading fees and withdrawal fees) are in line with the industry averages.

Deposit Methods

Bitvast.com does not accept any other deposit method than cryptos, so new investors are restricted from trading here. If you are a new crypto investor and you wish to start trading here, you will have to purchase cryptos from another exchange first and then deposit them at this exchange.

Bitvast Security

There are numerous things to consider when determining the security level at an exchange. For instance, one important thing is how big the proportion is of user assets that are stored in cold storage. Bitvast, apparently, store 100% of all user assets in cold / offline storage – meaning that every withdrawal made from the platform is performed manually ensuring “absolute safety”. This is, if true, very impressive. 

Why Buy Cryptocurrency?

Similar to the internet, no single entity controls cryptocurrencies like Bitcoin. It puts you back in control of your money, away from any middlemen. It gives you unprecedented freedom that they believe will change the face of the financial industry. The platform gives you the power to invest or trade in a range of cryptocurrencies on a global, liquid platform.

Quick Buy/Sell interface

Other than the advanced trading interface, they also offer an easy to use interface to purchase or sell your chosen cryptocurrency with just a few simple clicks, without paying any additional fees.

Easily manage your wallets

A simple wallet interface for users to deposit, withdraw and keep track of their portfolio all under one interface.

Multi-Layered Security

Bitvast Exchange store sensitive information and 100% of all user assets in cold / offline storage – Meaning every withdrawal made from platform is performed manually ensuring absolute safety.

Competitive trading fees

They pride ourselves in running an affordable bitcoin exchange. By using the platform, you can save up to 70% on trading fees alone when compared to the global average. The transparent fee and limit structure can be found on the Fees and Limits page.

KYC Free Crypto Trading

Bitvast.com traders can participate in our crypto-to-crypto trading markets without going through the extensive identification process. Simply create an account and start trading cryptocurrency immediately!

Vision & Mission

Registered and operated within the Netherlands & South Africa, Bitvast.com is currently one of the most advanced bitcoin exchanges globally, without a doubt. The team has spent more than 2 years developing and finalizing a product to serve both advanced traders and investors who would like a simple, secure and affordable way to purchase and sell cryptocurrency.

With the new platform we aim to change and solve the current issues with current Bitcoin exchanges and hopefully drive a competitive, healthy environment for cryptocurrency enthusiasts to benefit and grow from.

Why Choose Bitvast

No hidden fees

Transparent fee structures combined with non-volume based pricing.

Advance API

Securely develop programmable trading bots or web applications with our extensive API.

Fast trading engine

Bitvast.com Fast order execution with our high-performance trading engine.

 24/7 Support

Get access to an experienced around-the-clock dedicated support team.

Legal and Regulatory Compliance

BITVAST (Pty) LTD – Registered in both the Netherlands & South Africa, follows all local KYC / AML laws closely and maintains strong links with local banks and regulatory bodies. Assuring the users that we are legally sound.

Our AML / KYC policies and practices can be found here.

Contact

You may contact the support department via email or by submitting a ticket.

Support office hours: 24/7 (Excluding Public Holidays) | Verification office hours: 24/7 (Excluding Public Holidays)

Email: [email protected]