RESEARCH & ANALYSIS
FOR THE CRYPTO ECONOMY.

FatBTC

FatBTC Exchange Review

Centralized

FatBTC Overview

  • A FatBTC exchange review reveals that this digital asset exchange / cryptocurrency exchange is based in China. They cater primarily to the Chinese market, but their website is available in more than one language, including English, Chinese, Portuguese and other languages.

    A lot gets lost in translation, but they seem to serve the crypto community via no less than 84 active markets, including a limited number of currency pairs, predominantly crypto-to-crypto currency pairs. A FatBTC exchange review also reveals that they offer a market maker program for professional traders, including free trading via the FatBTC API. It comes in the form of 1 zero trading fee account and in order to qualify for this, a trader needs to bring in or generate at least $100k in volume on average per day.

    It is also revealed by a FatBTC exchange review that they reserve the right to delist a trading pair if it will help to protect their users. For example, they will delist a trading pair if there are major legal issues negatively impacting a project, when there are serious technical and security issues, when the team behind a project gets disbanded, when average trading volume is less than $1000 per day over 30 consecutive days, etc.

    In addition, they seem to give 3-day notices prior to delistings. They also provide users with a 30-day window in which they can withdraw delisted cryptocurrencies or digital assets. This while they will only consider closing a withdrawal channel after 60 days.

    FatBTC’s Chinese origin can be a disadvantage in two ways: first is that its English customer service may not be as good, and second is that considering the legal debate surrounding cryptocurrencies the exchange might be subject to certain regulations in the future. There are two currencies created and supported by the exchange: FCNY and FAT. FCNY represents the Yuan and is similar to USDT, which is backed by fiat US dollar. As for FAT, currently it’s being traded against several altcoins however, there is not anything else to it for now. As it mostly targets local traders, it is not as popular globally, though it is seemingly open to any broker from anywhere around the world. Their multi-lingual website interface proves that they have worked on being user-friendly. 

    For security, FatBTC seems to use the HTTPS protocol. 95% of brokers’ coins are stored offline and a two-factor authentication system is additionally used to provide maximum security for the user. There has not been any reported activity suggesting a security breach, hence the exchange remains pretty secure in reputation however, an exchange review reveals that it is vulnerable to hacking. Most users keep their coins in private, personal wallets.

    FatBTC Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      4,332.264 BTC

      • FatBTC Total Trading Pairs

        74

        • FatBTC Margin Trading

          No

          • FatBTC Deposit fees

            Free

            • FatBTC Trading fees

              Full list of trading fees here

              • FatBTC Fiat Deposit

                No

                • Accepted Payment Method

                  Crypto to Crypto Only

                  • FatBTC Native token

                    Yes

                    • Native token smart contract

                      N/A

                      • FatBTC Trading Markets
                        • FatBTC Stablecoins trading

                          FatBTC Markets Data

                          Market Price Volume(24h) Change(24h) Last update
                          ACHN/FCNY FCNY 0.06910 ACHN 959,875.6

                          FCNY 0.0019

                          2.83%

                          2019-09-23 14:44:36
                          ADK/BTC Ƀ 0.0001628 ADK 17,070.3

                          Ƀ -0.0000035

                          -2.10%

                          2019-11-30 22:45:30
                          BCH/BTC Ƀ 0.02879 BCH 13,794.1

                          Ƀ 0.000010

                          0.03%

                          2019-11-30 22:45:25
                          BCH/USDT ₮ 213.97 BCH 353.12

                          ₮ -5.96

                          -2.71%

                          2019-11-30 22:45:26
                          BSV/BTC Ƀ 0.01401 BSV 343.80

                          Ƀ 0.00015

                          1.09%

                          2019-11-30 22:45:25
                          BTC/DAI DAI 7,645.27 Ƀ 40.87

                          DAI -83.48

                          -1.08%

                          2019-11-30 22:45:25
                          BTC/GUSD GUSD 7,643.63 Ƀ 35.56

                          GUSD -92.12

                          -1.19%

                          2019-11-30 22:45:26
                          BTC/USDC USDC 7,730.43 Ƀ 35.53

                          USDC -18.87

                          -0.24%

                          2019-11-30 22:45:13
                          BTC/USDT ₮ 7,629.64 Ƀ 35.35

                          ₮ -28.28

                          -0.37%

                          2019-11-30 22:45:26
                          BZNT/ETH Ξ 0.00002250 BZNT 14,065,560.0

                          Ξ -0.0000017

                          -7.02%

                          2019-11-30 22:45:25
                          DASH/BTC Ƀ 0.007270 DASH 3,440.47

                          Ƀ -0.000020

                          -0.27%

                          2019-11-30 22:45:26
                          DOGE/BTC Ƀ 0.00000031 DOGE 68,506,241.0

                          Ƀ -6.3e-9

                          -1.99%

                          2019-11-30 22:45:12
                          DOGE/DAI DAI 0.002298 DOGE 68,789,928.0

                          DAI -0.000026

                          -1.12%

                          2019-11-30 22:45:26
                          DOGE/USDC USDC 0.002292 DOGE 3,430,399.0

                          USDC -0.000021

                          -0.91%

                          2019-11-30 22:45:39
                          DRGN/BTC Ƀ 0.00000365 DRGN 6,958,030.0

                          Ƀ 8.0e-8

                          2.24%

                          2019-11-30 22:45:25
                          DRGN/ETH Ξ 0.0002000 DRGN 13,970,980.0

                          Ξ -0.0000012

                          -0.60%

                          2019-11-30 22:45:39
                          EOS/BTC Ƀ 0.0003652 EOS 139,108.8

                          Ƀ 0.0000018

                          0.50%

                          2019-11-30 22:45:26
                          EOS/DAI DAI 2.69 EOS 34,624.9

                          DAI 0.0012

                          0.04%

                          2019-11-30 22:45:26
                          EOS/ETH Ξ 0.01796 EOS 139,179.3

                          Ξ -0.000018

                          -0.10%

                          2019-11-30 22:45:26
                          EOS/USDC USDC 2.69 EOS 13,868.8

                          USDC -0.0012

                          -0.04%

                          2019-11-30 22:45:26
                          EOS/USDT ₮ 2.76 EOS 104,535.5

                          ₮ -0.026

                          -0.93%

                          2019-11-30 22:45:26
                          ETC/USDT ₮ 3.92 ETC 34,574.9

                          ₮ -0.11

                          -2.65%

                          2019-11-30 22:45:26
                          ETH/BTC Ƀ 0.02030 Ξ 68,889.1

                          Ƀ -0.00060

                          -2.87%

                          2019-11-30 22:45:39
                          ETH/DAI DAI 154.73 Ξ 3,508.66

                          DAI -0.32

                          -0.21%

                          2019-11-30 22:45:13
                          ETH/USDT ₮ 153.96 Ξ 34,927.7

                          ₮ 0.10

                          0.06%

                          2019-11-30 22:45:26
                          FAT/BTC Ƀ 0.00000221 FAT 34,562,396.0

                          Ƀ 3.0e-9

                          0.14%

                          2019-11-30 22:45:38
                          FAT/ETH Ξ 0.0001065 FAT 24,254,282.0

                          Ξ -1.0e-7

                          -0.09%

                          2019-11-30 22:45:25
                          FAT/USDT ₮ 0.01686 FAT 34,449,708.0

                          ₮ -0.000060

                          -0.35%

                          2019-11-30 22:45:39
                          GEM/ETH Ξ 0.00000158 GEM 13,908,904.6

                          Ξ 1.0e-8

                          0.64%

                          2019-11-30 22:45:26
                          HOLO/BTC Ƀ 0.00000011 HOLO 139,401,259.0

                          Ƀ -4.0e-9

                          -3.64%

                          2019-11-30 22:45:25
                          HOLO/DAI DAI 0.0008180 HOLO 0

                          DAI 0.0

                          0.00%

                          2019-09-18 08:59:30
                          HOLO/ETH Ξ 0.00000539 HOLO 346,189,077.0

                          Ξ -5.0e-8

                          -0.92%

                          2019-11-30 22:45:26
                          HOLO/USDC USDC 0.0008200 HOLO 0

                          USDC 0.0

                          0.00%

                          2019-09-18 08:59:18
                          HTML/ETH Ξ 0.00000015 HTML 699,122,900.0

                          Ξ 0.0

                          0.00%

                          2019-11-30 22:45:26
                          IOP/BTC Ƀ 0.00000470 IOP 0

                          Ƀ 0.0

                          0.00%

                          2019-09-17 22:56:38
                          KBC/BTC Ƀ 0.00000406 KBC 2,610,763.0

                          Ƀ 0.0

                          0.00%

                          2019-11-30 20:07:13
                          KBC/USDT ₮ 0.03000 KBC 0

                          ₮ 0.0

                          0.00%

                          2019-11-29 21:20:41
                          KIN/DAI DAI 0.00000541 KIN 347,427,450.0

                          DAI 1.4e-7

                          2.66%

                          2019-11-30 22:45:39
                          KIN/ETH Ξ 0.00000003 KIN 39,274,720.0

                          Ξ 0.0

                          0.00%

                          2019-11-30 11:53:45
                          KIN/USDC USDC 0.00000480 KIN 344,234,050.0

                          USDC 2.6e-7

                          5.73%

                          2019-11-30 22:45:39
                          LINA/ETH Ξ 0.0004001 LINA 372,459.6

                          Ξ -0.00017

                          -29.68%

                          2019-11-30 14:20:19
                          LINA/USDT ₮ 0.06000 LINA 1,503.90

                          ₮ -0.010

                          -14.29%

                          2019-11-30 03:32:34
                          LOBS/BTC Ƀ 0.00000291 LOBS 3,878,423.0

                          Ƀ 1.0e-8

                          0.34%

                          2019-11-30 07:46:45
                          LTC/BTC Ƀ 0.006259 Ł 20,718.3

                          Ƀ -0.000065

                          -1.03%

                          2019-11-30 22:45:26
                          LTC/DAI DAI 46.80 Ł 13,987.7

                          DAI -0.20

                          -0.43%

                          2019-11-30 22:45:26
                          LTC/USDT ₮ 48.42 Ł 3,463.83

                          ₮ -0.59

                          -1.20%

                          2019-11-30 22:45:13
                          MAPR/BTC Ƀ 0.06500 MAPR 0

                          Ƀ 0.0

                          0.00%

                          2019-09-10 00:36:08
                          MAPR/ETH Ξ 2.47 MAPR 1.93

                          Ξ 0.0

                          0.00%

                          2019-11-30 01:36:06
                          MEX/ETH Ξ 0.00000309 MEX 6,935,440.0

                          Ξ -7.0e-9

                          -0.23%

                          2019-11-30 22:45:26
                          MKR/DAI DAI 438.50 MKR 0

                          DAI 0.0

                          0.00%

                          2019-09-18 03:07:39
                          MKR/ETH Ξ 3.07 MKR 137.62

                          Ξ 0.021

                          0.68%

                          2019-11-30 22:45:39
                          OSC/ETH Ξ 0.0003530 OSC 44,105.4

                          Ξ 0.0

                          0.00%

                          2019-09-23 14:44:36
                          PFR/ETH Ξ 0.00000202 PFR 2,106,818.0

                          Ξ 1.1e-7

                          5.76%

                          2019-11-30 22:45:26
                          PPP/ETH Ξ 0.0006880 PPP 0

                          Ξ 0.0

                          0.00%

                          2019-09-15 06:38:58
                          QNT/BTC Ƀ 0.0008030 QNT 62,541.5

                          Ƀ -0.000014

                          -1.71%

                          2019-11-30 22:45:39
                          QNT/ETH Ξ 0.03998 QNT 731,140.0

                          Ξ -0.00012

                          -0.29%

                          2019-11-30 22:45:39
                          SHE/ETH Ξ 0.00000393 SHE 692,766,250.0

                          Ξ -3.0e-8

                          -0.76%

                          2019-11-30 22:45:26
                          TNS/ETH Ξ 0.00003949 TNS 0

                          Ξ 0.0

                          0.00%

                          2019-09-19 10:50:42
                          TRX/ETH Ξ 0.0001044 TRX 13,647,058.0

                          Ξ -0.0000014

                          -1.37%

                          2019-11-30 22:45:26
                          USDC/USDT ₮ 1.03 USDC 6,944.72

                          ₮ 0.017

                          1.68%

                          2019-11-30 22:45:25
                          VOL/USDT ₮ 0.02001 VOL 348,680.0

                          ₮ -0.00068

                          -3.30%

                          2019-11-30 22:45:25
                          VOLLAR/BTC Ƀ 0.0001551 VOLLAR 0

                          Ƀ 0.0

                          0.00%

                          2019-09-09 09:51:48
                          VOLLAR/ETH Ξ 0.01072 VOLLAR 0

                          Ξ 0.0

                          0.00%

                          2019-09-09 09:52:15
                          WTC/ETH Ξ 0.004784 WTC 10,802.8

                          Ξ 0.000095

                          2.03%

                          2019-09-23 14:30:45
                          XBC/BTC Ƀ 0.0005301 XBC 4,065.90

                          Ƀ 0.000018

                          3.45%

                          2019-11-30 22:45:26
                          XLM/BTC Ƀ 0.00000768 XLM 6,902,618.1

                          Ƀ 1.0e-8

                          0.13%

                          2019-11-30 22:45:39
                          XLM/USDC USDC 0.05760 XLM 138,105.0

                          USDC 0.00020

                          0.35%

                          2019-11-30 22:45:39
                          XLM/USDT ₮ 0.05750 XLM 2,091,942.6

                          ₮ -0.0021

                          -3.52%

                          2019-11-30 22:45:39
                          XRC/BTC Ƀ 0.0005900 XRC 0

                          Ƀ 0.0

                          0.00%

                          2019-11-25 08:35:03
                          XRP/BTC Ƀ 0.00003008 XRP 3,449,229.9

                          Ƀ 0.0

                          0.00%

                          2019-11-30 22:45:38
                          XRP/DAI DAI 0.2116 XRP 139,334.8

                          DAI 0.0010

                          0.47%

                          2019-11-30 22:45:39
                          XRP/USDC USDC 0.2162 XRP 137,774.2

                          USDC 0.0017

                          0.79%

                          2019-11-30 22:45:38
                          XRP/USDT ₮ 0.2255 XRP 2,113,761.8

                          ₮ -0.0039

                          -1.70%

                          2019-11-30 22:45:39
                          YTA/USDT ₮ 0.08363 YTA 65,477.8

                          ₮ 0.00036

                          0.44%

                          2019-09-23 14:44:56

                          FatBTC Withdrawals

                          • Daily Withdrawal Limit

                            /

                            • FatBTC Withdraw fees

                              BTC: 0.0005 BTC, LTC: 0.001 LTC, full list of fees here.

                              • FatBTC Withdraw fees discount

                                Use FAT to pay the fees will be 0.05%

                                • Proof of Reserves

                                  N/A

                                  FatBTC Exchange Rating Analysis

                                  Last edit 12.09.2019

                                  • FatBTC exchange is a cryptocurrency exchange platform that is based in China. FatBTC offers a below average amount of crypto tokens and currencies to be traded on their platform.There are however number of major concerns for this project. This includes a website that needs more time to be developed and mature, a complete lack of any transparency regarding the team members, a lack of an insurance policy in the case of a hack.

                                    FatBTC Exchange KYC and AML

                                    • FatBTC Exchange KYC and AML

                                      Passport, selfie with passport

                                      FatBTC Exchange Additional Information