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Home » Blog » Overbit Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?
Best Centralized Exchange List 2025

Overbit Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?

Cws Team
Last updated: 02/12/2021 9:15 AM
Cws Team
4 years ago
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Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
Overbit Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange?
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About Overbit

Overbit is the first Bitcoin trading platform in the world to offer its clients the ability to trade Forex with Bitcoin as collateral. Overbit’s proprietary innovative platform is superior to its competitors, with low latency connectivity, superior liquidity, and military-grade security. Traders can access a range of markets within Cryptocurrency, Forex and Commodities. The company was founded in 2017 and the platform was launched in 2019.

Contents
  • About Overbit
    • Operating Company 
    • How To  Start With Overbit Exchange
    • Fees on Overbit
    • Mission
    • Deposit Bitcoin or Tether
    • Trade Bitcoin & Forex Anywhere.
    • Supported Countries
    • Two-tier commission structure
    • Secure, reliable and rewarding
      • Fair Market Pricing
      • Isolated & Cross Margins
      • Military Grade Security
      • Deep Liquidity
      • Generous Rewards
      • 24/7 Customer Support

Operating Company 

Exchange NameOverbit
Support24/7
LanguageEnglish
Withdraw Fee Free
Rebate N/A
Deposit FeeFree
Official SiteHomepage

How To  Start With Overbit Exchange

To Start Trading With Overbit 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 Overbit Exchange Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

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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 Overbit Exchange .

Fees on Overbit

There are no fees to deposit Bitcoin on your account at Overbit and the platform also does not charge fees on withdrawals apart from the network fee which is currently set at 0.002 XBT.

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The platform does not charge any trading fee on the positions. They are compensated through the market spread which is the difference between the buy and sell price. The average market spread for XBT and other crypto instruments is around 0.6%, for forex trades, it is 1-2 pip and for gold, it is 0.1%.

The spread is not fixed and changes from time to time during volatile periods to account for minimum slippage when the trade is executed. The spread is also used to guarantee liquidity for the trade and it means users can easily calculate their profit or loss for each position without taking commissions into account.

Beyond the spread difference, you also have to account for the funding fees which are called overnight fees on Overbit and applied to all of your leverage positions which are still open after midnight UTC time.

Mission

To allow traders to maximise opportunities that may not be available with the current trends in cryptocurrency by trading and speculating across multiple worldwide markets using Overbit as their crypto partner. To be the world market leader in crypto margin trading with easy to use functions allowing for a professional trading platform to operate seamlessly and provide a unique and flawless user experience.

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Deposit Bitcoin or Tether

Trade over 50 markets using your Bitcoin or Tether. All trades are settled in your deposit currency. You don’t need to hold or take delivery of the assets you are trading.

Trade Bitcoin & Forex Anywhere.

Gain direct access to Overbit’s powerful trading platform no matter where you might be. Equipped with full functionality regardless of your device type, trading on-the-go has never been easier.

Supported Countries

All countries except:

  • US
  • Cuba
  • Iran
  • Syria
  • North Korea

Two-tier commission structure

Earn Bitcoin as an affiliate. You will receive a percentage of commission paid by your referrals down to 2 tiers. When users click your link, they have 7 days to register and become affiliated with your campaign. The affiliate payments will continue indefinitely as long as you and your referred user(s) own and operate their Overbit account(s).

Secure, reliable and rewarding

Millions of contracts are traded on Overbit every month. Find out why traders love Overbit.

Fair Market Pricing

Overbit uses market prices consolidated from the world’s top exchanges and are free from price manipulation.

Isolated & Cross Margins

Advanced risk management to limit your exposure. Overbit allows you to open each position with your own margin preference.

Military Grade Security

Client funds are always segregated, protected, and stored in multi-signature cold wallets.

Deep Liquidity

Overbit operates a deep order book using multiple liquidity providers globally.

Generous Rewards

Earn Tier Points from trading and take a chance in the Overbit rewards hub.

24/7 Customer Support

Overbit offers 24/7 live chat support to all users. We are there when you need.

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One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ 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. Verna Is team Members of 9 People
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