Bit.com Review Is Bit.com a fraud?

Bit.com is a safe simple and reliable platform that lets you purchase, sell and trade cryptocurrency and derivatives of crypto.

Bit.com was founded in the year 2020, making it among the most recent exchanges in the market.

Don’t allow its youthful age to deceive you, as it has lots to provide.

A full-suite cryptocurrency exchange, it can provide permanent swaps, spot trading in futures and options that include BTC, ETH, and BCH and ETH, with the main feature being that it was the first to offer BCH options.

In terms of trading volume, Bit.com is now the second-largest crypto trading platform for options.

Bit.com is a fast-paced crypto exchange with security that is institutional grade to help novice and experienced cryptocurrency traders.

The article below will address your most important question, and all you need to learn about Bit.com.

What is Bit.com?

Bit.com is among the most rapidly growing crypto trading platforms that offers an easy-to-use platform to let users trade in cryptocurrency with ease while benefiting from vital liquidity.

Bit.com was founded in Singapore by the company Matrixport in the month of August, 2020. The company is licensed in Seychelles.

You can not only buy more than 200 of the top cryptocurrencies but you are also able to trade cryptocurrency derivatives such as options and futures perpetual.

Who could gain from Bit.com?

No matter if you’re novice or familiar, you can utilize Bit.com to benefit you and develop an effective trading strategy.

With its user-friendly and intuitive platforms, packed with helpful features, it’s ideal for:

Cryptocurrency traders, both new and experienced

Long-term owners of Bitcoin

Bit.com Promotions

Don’t miss these chances. Bit.com runs a number of promos to reward their customers:

Up up to 30% APR on savings for users who are new to the service

Competition for Spot Trading: trade and earn USDT every day

Blink box campaign: up 1 ETH for each monthly lucky draw, and guaranteed reward!

Year-round festival: iPad Pro + US$1,000 monthly raffle

Reward Center: up To US$245 trading coupons

How to Purchase Bitcoin via Bit.com

1. Sign up for Bit.com

You can start using Bit.com in a matter of minutes.

Visit Bit.com and sign up for a no-cost account with your email.

2. Verify your email address

Then you will be sent an email with a confirmation message from Bit.com. Simply follow the steps to confirm your email.

3. Verify your identity

In order to begin trading on Bit.com To begin trading, you’ll need finish the Identity Verification by submitting personal documents like a national ID or passport, as well as driver’s license or passport.

The requirements for verification specific to each country could differ depending on the nation.

Select the verification method you prefer, by comparing your face using Liveness Detection to finish the verification process.

4. Make your first deposit

After your account has been accepted, you are able to deposit cryptocurrency into your account.

5. Begin trading

That’s it. Now you are able to buy or sell items and trade them with Your Bit.com account.

Each Bit.com account includes a free integrated wallet, which you can use to purchase and send as well as keep track of your Bitcoin. Additionally, you can earn interest on the funds you have. This is a fantastic opportunity to earn passive income, while leaving your crypto assets in your account.

In the end that, you’ll need a wallet that is personal for the long-term Bitcoin or cryptocurrency storage. It is highly recommended to utilize an online private-hosted Bitcoin hardware wallet such as Ledger as well as Trezor to keep your valuable currency for the long-term.

Bit.com Features

In order to help you make the most of Bit.com We’ll take an overview of the most often-used features, one at a time. one.

1. Spot Trading

In the spot trading section you will find USDT and USD BTC and USD BTC trade pairs.

There are over 200 different tokens that you can choose from to trade, most notably Bitcoin, Ethereum and Bitcoin Cash.

2. Bit.com Instant Convert

Bit.com Convert provides the quickest method to trade. You can convert one cryptocurrency to another in just a single click, without having to work with a complicated chart for trading.

3. Futures Trading

For those who are experienced traders, Bit.com offers up to 50X leverage on futures.

This means you could take out a loan 50 times the amount you’d like to invest in one particular future trade.

For instance, if you have $100 USD on Bit.com and you want to leverage that, you can utilize 50X leverage and trade like you have five thousand dollars.

Be aware that more leverage could result in more profit, but the risk will be more risky.

4. Options Trading

A crucial aspect for traders with experience who wish trading BTC, ETH and BCH options.

BTC, ETH & BCH options are a kind of cryptocurrency derivative contract. They gives you (the option holder) the option to buy or sell, but not the obligation of buying or selling at a specified price at a certain time in the near future.

With Bit.com you can enjoy up to 10X leverage in your crypto choices.

5. Bit.com Savings

Bit.com recently launched a new savings product that pays customers who store cryptocurrency through the site.

There is now a chance to earn money from popular cryptocurrency like Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Chainlink (LINK), Bitcoin Cash (BCH), USD Coin (USDC) and many more.

Get the most benefit of these competitive interest rate. Bit.com offer 30% APY for all new customers. The funds and fees are free. protected with Cactus Custody.

6. Bit.com Mobile Wallet

Bit.com recently launched a new savings program that rewards users who keep cryptocurrency through the site.

You can earn interest on popular cryptocurrency like Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Chainlink (LINK), Bitcoin Cash (BCH), USD Coin (USDC) and many others.

Profit from this competitive interest rate. Bit.com offer 30% APY for all new customers. There are no fees and your funds are protected with Cactus Custody.

Bit.com mobile app is accessible on iOS as well as Android.

Through this Bitcoin wallet application it is easy to manage your Bitcoin while on the move.

You have access to all the functions of Bit.comsuch as buy sell trade, exchange, store and more. You can send, receive, earn anywhere you want to!

7. Block Trading

Do you want to purchase or sell options and futures in huge quantities?

Block trades can help!

With Bit.com is a secure intermediary, and the block trading capabilities can let to conduct large-scale crypto trade in a way that isn’t prone to price slippage.

Bit.com Innovative Product Features

Bit.com is continuously striving to improve its features and services. If you’re a seasoned investor or trader Here are a few useful tools to take into consideration when making a cryptocurrency investment.

However the features listed above are not appropriate for novices or people who are hesitant to take risks.

8. Rebalancing the market Maker strategy (RMM)

Use the Rebalancing market maker strategy to automatize the investment strategy you employ. RMM is a sophisticated instrument that can automatically place orders on your behalf. It will auto-rebalance your crypto portfolio (by buying low and selling high) in order to achieve the initial fixed ratio.

9. Bit.com Portfolio Margin

Margin on portfolios is an excellent feature that can boost fund efficiency by overhauling the margin calculation that is based on open positions.

To be eligible for an account with a Portfolio Margin account

You’ll need an account with a balance of at least 5 BTC

You should be able to demonstrate your expertise in trading options and demonstrate your knowledge about the Margin margin in portfolios.

10. Bit.com Unified Margin

Bit.com Unified Margin (UM) system is a modernized trade and management system for risk management and trading. It gives a one-account option to customers by permitting them to use all assets within the account to trade any product.

All the currencies that are in the account will be analyzed in USDT value, using haircut ratios in order to give margins on all positions.

Is Bit.com Regulated?

Bit.com states that they run their exchanges in a legally-regulated way. They have various licenses for AML and KYC, a and the requirement for KYC and no internal market maker who can influence any trade and provide excellent customer service and follow-up.

Is Bit.com Exchange Safe?

Bit.com is considered to be among the most secure places to purchase and sell cryptocurrencies, as well as crypto derivatives. They provide top safety, protection from risk, and insurance to safeguard your money.

Bit.com offers security of the highest standard, backed through Cactus Custody (A qualified Custodian).

The exchange also employs an incremental liquidation process to protect users in times of market volatility. This sophisticated risk management system was developed by a top-of-the-line team of risk management, derivatives technical experts.

At the time of its launch in the beginning, at the time of its launch, bit.com Insurance Fund was able to hold more than 200 BTC (one of the biggest among the new exchanges) to help mitigate socialized losses and better protect your investment.

Pros

High security, risk-management and top security
API connectivity
The developers are a trustworthy team.
A user-friendly, intuitive platform
A variety of features designed for novices as well as professionals.
24/7 support
High leverage
Fantastic promotions to earn rewards

Cons

It is not sold in U.S.
Relatively young company

Conclusion

Bit.com is a trusted platform that provides a wide range of user-friendly and creative digital investment options for traders of all levels, whether young and old, new and experienced.

Bit.com is the ideal cryptocurrency trading platform, offering you access to cryptocurrency and crypto derivatives in one mobile and web-based platform.

This is all for today. As Bit.com increases its capabilities and services I’ll be updating this article frequently with the most current information So keep checking back to learn more.