RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

BiteBTC

BiteBTC Exchange Review

Centralized
  • 24h Trading Volume

    3198.114 BTC
  • Establish date

    2017
  • Headquater

    Singapore

BiteBTC Exchange Review

  • BiteBTC Withdraw

    BTC – 0.001 BTC

    ETH – 0.02 ETH

    LTC – 0.1 LTC

    Full lists of fees can be found here

  • BiteBTC Deposit fees

    Wire transfer - 1%. Chinese Bank Transfer - 1%
  • Fiat Deposit

    USD
  • Accepted Payment Method

    Crypto to Crypto, Crypto to FIAT
  • Native Token

    Yes
  • Margin Trading

    No

BiteBTC Exchange Score Analysis

The BiteBTC exchange is a unique place: from its data, it seems the exchange handles hundereds of millions in daily volume, denominated in US Dollars, and provides a liquid home to a large amount of coins. A closer look unfortunately reveals an exchange that inflates its volume metrics using wash trading, accused consistently of not honoring users’ fund withdrawal requests – allegedly stealing from them, having a seemingly non-existant team untraceable in the real world and a frustrating website, which rarely works in a user friendly way and does not even allow the user to open a support ticket, or – in the worst case we’ve seen – when a user wishes to disable its two-factor authentication, they simply click the button that says “”disable 2FA”” – and it is disabled, no questions asked – this is an extremely alarming vulnerability, easily exploitable by every amateur attacker. With trading fees similiar to its competitors, at 0.2%, and a large amount of “”exotic”” listed coins which appear liquid only due to the wash trading – some traders might feel drawn to BiteBTC. To those we recommend staying away from this exchange, due to its nonexistant transparency and extreme level of risk.