Bits Blockchain cryptocurrency exchange: review and reviews

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BitZ cryptocurrency exchange: all about the resource for trading

Bits Blockchain (www.bitsblockchain.net) is a cryptocurrency exchange registered in Macau in 2017. Interface languages: English, Spanish and Portuguese. The platform works with both cryptocurrencies and fiat money (EUR, USD).

The exchange was established in 2017. It is part of ATM Global Investments LLC and is registered in Macau.

Thanks to a competent marketing program and a well-thought out mechanism for ensuring the safety of assets, she was able to quickly achieve first successes. For a year of work, she climbed into the top 30 largest sites in daily turnover. But in the past few months, its volumes have fallen slightly and now it takes 46th place in the Coinmarketcap rating.

Despite the Chinese registration, the South American roots of the exchange are visible. This opinion is shared by many users. But we cannot confirm or refute this assumption, since there is no public information about the founders and the team.

Check in

Immediately on the main page of the site you will see the registration form. To create an account, enter your email address, country of residence, and also select the answer to the question how you learned about the exchange (news, forums, media, friends). Enter the captcha and check the box that you accept the terms of the site. Click on the “Register” button.

 Verification

In order to increase the limits for depositing and withdrawing funds, you need to go through account verification. Select the type of account (personal or corporate) and provide the necessary data and documents. For example, for a personal account, you need to specify the name, surname, date of birth, gender, country and address of residence, contact phone number. Then you need to enter the data of your passport or ID and upload scan copies of your ID.

 Trading on Bits Blockchain

The exchange provides the opportunity to trade a small number of cryptocurrencies: ATMC, BTC, LTC, XRP, DOGE, ETH. They can be exchanged with each other, as well as sell and buy for US dollars and euros.

If you are used to working with quotation charts, then there are no charts on this exchange: there are only current rates for buying and selling. Here is the deal algorithm:

  • To buy cryptocurrency, you need to select the desired coin from the list, and also indicate for which currency units (fiat or crypto) you will purchase it for, and press the BUY button.
  • For a deal to sell, you need to do the same, just select the SELL button.
  • Enter transaction amount
  • Choose the type of transaction: Limit, Market, Immediate or Cancel.

The first type of transaction is a limit order, which is executed at the price specified by the trader.
The second type is the market one, the transaction is executed instantly at the current quote.
The third type is executed immediately or canceled if it cannot be executed.

  •  Confirm the purchase / sale by clicking on the button below.

    The transaction fee is 0.5%.

 Input and output

You can replenish your account and withdraw funds in cryptocurrency, as well as in dollars or euros through SEPA and SWIFT. The commission is from 0% to 3.95%. The exchange also offers customers its own debit cards, with which you can replenish and withdraw funds at any ATM.

1 – password
2 – SMS code to enter your account
3 – activation of a special link to confirm the withdrawal of funds.

Secondly, it is multi-firewall protection; thirdly, protection against DdoS attacks. In addition, the exchange passes stress tests from time to time in order to identify and eliminate vulnerabilities.

BitsBlockchain.net reviews

Since the resource is quite young, and due to the lack of a Russian-language version, it is not particularly popular in the CIS, there are not many reviews on this exchange on the Internet. Among the advantages, users note the possibility of using fiat money, the increased reliability of the account, as well as the availability of applications for the smartphone. Among the shortcomings are rather high commissions for transactions, the lack of online chat support services and a small selection of cryptocurrencies.

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