TideBit Exchange ReviewCentralized
TideBit is a Hong Kong-based cryptocurrency exchange platform that caters mostly to Asian countries, although it is open to all users globally. Hong Kong is home to many cryptocurrency exchange platforms, however, TideBit is different than its local competitors as it does not allow crypto to crypto trading. The exchange was launched by the end of 2017, during the pinnacle of the cryptocurrency markets. The team behind TideBit come from top financial institutions and prominent high tech firms. The interface on the platform is not highly multi-lingual, as it only supports Mandarin, English, and Thai. However, the three languages have been enough so far for the exchange to be able to cover a majority of its user profile, as trading on this platform is only allowed for residents of Hong Kong, Malaysia, Taiwan, China, and Vietnam.
The trading fees on TideBit are higher than the global industry average. There’s a flat fee of 0.30%, which is high compared to the other firms as the average is 0.25%. Additionally, users must pay deposit fees, which is mostly non-existent in other platforms, as well as withdrawal fees. TideBit claims to use an extremely sophisticated system for security, however, there is no definite information on what system is being utilized for this. Not only does this cause problems concerning transparency, but it also renders the platform’s security unstable and/or suspicious, along with the fact that there is a lack of users comments concerning the security of the exchange.
The biggest advantage of TideBit is that users can directly deposit cash in exchange for cryptocurrency. The platform is very easy to use as it is designed in a way for all users to easily understand its features. This makes the platform somehow user-friendly, however when combined with the lack of a variety of interface languages and the fact that it only allows residents of a handful of countries, TideBit is not the most accessible exchange platform there is.
TideBit Exchange Review, Trading Fees, Deposit and Markets
24h Trading Volume
TideBit Total Trading Pairs
TideBit Margin Trading
TideBit Deposit Fees
Cryptocurrency：Free; Fiat currency：1. Chai Wan office cash transfer*：Free；2.Bank transfer (ATM/Bank counter/Bank transfer/cheque)：2%
TideBit Trading Fees
Full list of trading fees here
TideBit Fiat Deposit
Accepted Payment Methods
Crypto to Crypto, Crypto to FIAT
TideBit Native Token
Native Token Smart Contract
TideBit Trading Markets
TideBit Stablecoins Trading
Daily Withdrawal Limit
TideBit Withdrawal Fees
Full list of withdrawal fees here
TideBit Withdrawal Fees Discount
Proof of Reserves
TideBit Exchange Rating Analysis
Last edit 28.11.2019
TideBit is a Hong Kong-based cryptocurrency exchange site. TideBit offers a below number of tradable markets and a below-average number of trading pairs.
TideBit offers an average commission fee for trade. TideBit CEO has some but not extensive experience in the management field. There is no designated cybersecurity member on the team.
Concerns for this exchange include an underdeveloped website and a lack of insurance in the case of a hack.
TideBit Exchange KYC and AML
TideBit Exchange KYC and AML
ID/Passport, Proof of Residence.
TideBit Exchange Additional Information
TideBit Establish Date