RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

Bit-Z

Bit-Z Exchange Review

Centralized

Bit-Z Overview

  • Bit-Z, short for Bit-Zeus, is a digital asset exchange that was founded in December 2016. This was a couple of months before the start of the 2017 crypto bull market. A Bit-Z exchange review reveals that its headquarters are based in Hong Kong and it has a presence in no less than 10 countries and regions, including Japan, Singapore and South Korea.

    It is also revealed in a Bit-Z exchange review that it is one of the top 10 cryptocurrency exchanges in the world as measured by trading volume. It provides access to a 160+ markets and the high liquidity these markets offer, including professional trading access to no less than 100 digital assets and a 140+ trading pairs. Furthermore, Bit-Z provides access to reports, advanced charts, real-time market information, trading history as well as API access. This enables traders to make informed decisions.

    In addition, they offer OTC trading services, including an OTC trading platform where ads pertaining to the buying / selling of certain crypto assets can be posted / listed. The OTC trading they offer makes the direct trading of digital currencies between users possible.

    The team behind the exchange is made up of highly experienced, professionals with a diverse background when it comes to industry-related experience. A Bit-Z exchange review shows that they have experience in ecommerce, gaming, finance and social networking. This combined experience adds to the ease of use and security of the Bit-Z platform, including the deployment of SSL technology normally used by banks for optimal security.

    The reason why Bit-Z is so high on the list of top exchanges is due to its liquidity since Bit-Z has reported a 24-hour trading volume of USD 653 million as of June 2019. Visiting the platform’s website will reveal to the user the four factors that the exchange values and prides itself on: professionalism, security, convenience, and synchronization. The exchange offers a flat fee of 0.10%, which is well below the industry average which is 0.25%. This gives the exchange a strong competitive advantage in the industry, as a lower fee is more appealing for certain users. Its withdrawal fee is 0.0001, which is also below the industry average and provides a competitive advantage to the exchange. 

    Though the low fees are attractive to users, the platform is not the absolute best for new cryptocurrency investors, as the exchange does not allow for fiat-crypto trade, only crypto to crypto trade. This means that new investors will have to utilize another platform to make a fiat-crypto trade, and then be able to use Bit-Z, however they can use OTC service provided by the platform to make such trades on the side. 

    For security, the exchange uses a bank-level SSL technology on transactions and utilizes Global Server Load Balancing for stability. A system of two-factor authentication is also used when making withdrawals, and the user is asked to verify their account when trading. The platform prides itself on being transparent with their security system and rules. As the exchange is based in Hong Kong, it is not regulated due to Hong Kong laws. However, there has not been any security-related defects on the platform so far, which is an assurance of the strength of its security system.

    Bit-Z Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      76209.425 BTC

      • Bit-Z Total Trading Pairs

        174

        • Bit-Z Margin Trading

          No

          • Bit-Z Deposit fees

            Fee

            • Bit-Z Fiat Deposit

              None

              • Accepted Payment Method

                Crypto to Crypto Only

                • Bit-Z Native token

                  Yes

                  • Native token smart contract

                    Bit-Z Token

                    • Bit-Z Trading Markets
                      • Bit-Z Stablecoins trading

                        Bit-Z Withdrawals

                        • Daily Withdrawal Limit

                          2BTC, 20BTC or 50 BTC per day. Depending on verification level

                          • Bit-Z Withdraw fees

                            Depending on currency
                            Full list here.

                            • Bit-Z Withdraw fees discount

                              None

                              • Proof of Reserves

                                N/A

                                Bit-Z Exchange Rating Analysis

                                Last edit 29.07.2019

                                • BitZ is a Hong Kong based crypto currency exchange site. BitZ offers a below average number of markets and an about average number of tradable pairs. BItZ has an above average commission fee. Concerns for this project include no public information about the rest of the team members besides the CEO, who is experienced in their respective field. Another concerns includes a lack of insurance in the ca case of a future hack

                                  Bit-Z Exchange KYC and AML

                                  Bit-Z Exchange Additional Information