Headquatered in Tokyo, Bitbank is a Japan-based cryptocurrency exchange which was launched back in 2016. Bitbank.cc is more than a simple trading platform as it is widely known as the Bitcoin ($BTC) bank and it was founded on the motto, “Bitcoin for Everyone”.
Bitbank cryptocurrency exchange is best known for its dedicated features to Bitcoin ($BTC), Litecoin ($LTC) and limited but prominent crypto assets supported with native fiat currency $JPY. Moreover, it also offers coin-to-coin trading option. Bitbank trading platform utilizes specialized trading tools, AI-based software, and sophisticated prediction algorithms to ensure the security, safety and profits for the traders and investors.
Bitbank crypto exchange is user-friendly and very easy to use. Its interface attracts both and novice traders as anyone can trade with basic knowledge. Moreover, more than 70 trading tools and trading view charts assist users in making a profitable trade.
Bitbank Supported Currencies
Bitbank.cc trading platform is considered as the significant trading platforms when it comes to the top crypto exchanges due to its refined services. Bitcoin ($BTC) and Litecoin ($LTC) are the significant trading assets of the exchange. Apart from these signature trading assets, Bitbank.cc exchange supports 42 other cryptocurrencies including the prominent digital assets of the crypto market.
Bitcoin ($BTC), Ethereum ($ETH), Ripple ($XRP), Litecoin ($LTC), Monacoin ($MONA), Bitcoin Cash ($BCC), QTum ($QTUM), Symbol ($XYM) and a few other altcoins are available on Bitbank for trading and investing along with 57 trading pairs ideal for yen-based strategies. Bitbank cryptocurrency exchange supports only JPY as a fiat currency and trading pair.
Fee Structure of BitBank Trading Platform
Bitbank differs from other cryptocurrencies in its economic fee structure. Bitbank’s fees benefit traders as they only pay a small portion of the fee upon withdrawals. Most exchanges charge for deposits and trading, but Bitbank doesn’t do that. No account maintenance fees apply, making it cost-effective for active spot traders, though withdrawal variability edges it above pure rebate platforms like Binance.
Users only pay a small fee for withdrawals, 0.0001 BTC or 0.001 LTC per withdrawal. This is much lower than other competitive exchanges, so many traders prefer Bitbank. Bitbank’s maker-taker model is trader-friendly, with makers earning a rebate of -0.02% for adding liquidity and takers paying 0.12%.
Bitbank’s Exceptional Mobile App
Most exchanges offer their services and best-working ecosystem on the website but Bitbank.cc takes the lead in this scenario as Bitbank’s mobile application is the distinguishing feature of the exchange.
Through Bitbank’s mobile application, customers feel free from the limits of time and place and they can navigate, trade and manage their digital assets anytime from anywhere. Bitbank’s mobile application is available for both iPhone and Android users.
Security of Bitbank.cc Exchange
Bitbank.cc is a highly safe and secure cryptocurrency exchange as it is regulated by the Financial Services Agency of Japan (JFSA). Since the exchange was launched, not even a single incident of scam, hack or security breach has been reported till now.
For security concerns, Bitbank exchange utilized two-factor authentication, SSL encrypted servers for transactions, logins, and cold and hot wallets. Along with security, it is also known for its fairness as it equally offers the same services to all customers. Moreover, users can download all the relevant datasheets to look at the exchange’s performance. Bitbank cryptocurrency exchange offers complete and high-level transparency.
User Reviews About BitBank Cryptocurrency Exchange
A prominent crypto trader Cabal Intelligence Agent (C.I.A.- @cabalintelagent) shared his trading experience at BitBank exchange. He spoke about his smooth trading experience and called BitBank as the best alternative to Binance, ByBit and other exchanges.
Along with that, if we look on the other side of the coin, another crypto trader praised but cautioned the community that BitBank’s scalability might not persist for a long time and might get shut down.
Customer Support Services of BitBank.cc Exchange
Bitbank offers a ticket system as a part of customer support services. Bitbank’s ticketing system is available 24/7 to assist customers and for better services. The help centre page of the exchange has a segment of ‘frequently asked questions’, where customers can find the answers to their ambiguities. If that doesn’t work for your query, you can contact the customer service centre at any time.
Pros and Cons
Pros
- User-friendly and easy to use
- Crypto assets are stored in cold storage
- Comparatively a better fee structure
- Offer price prediction algorithms and market insights
Cons
- Limited set of services
- Only support JPY as a fiat currency
- Doesn’t totally operate in the US
Concluding Remarks
Bitbank cryptocurrency exchange offers excellent trading, investing and customer services. It provides insights for Bitcoin ($BTC) and Litecoin ($LTC) trading. The platform is well-designed with many tools. Bitbank.cc is reliable and trustworthy with competitive fees. It only supports Japanese Yen for fiat currency, but that’s not a problem for crypto trading. Do your complete research and look for the services according to you before selecting an exchange.
FAQs
Is BitBank available for U.S. users?
U.S. operations are limited due to regulations as Bitbank primarily serves Japanese residents for retail trading. However, BitBank.cc offers institutional access to global corporations via API and OTC solutions.
How much does BitBank exchange charge for crypto trading?
Bitbank’s maker-taker model is trader-friendly, with makers earning a rebate of -0.02% for adding liquidity and takers paying 0.12%.
How secure is BitBank Crypto Exchange?
BitBank is highly secure with FSA regulation, 100% cold storage, multi-sig wallets, 2FA, SSL encryption. No hacks since 2016 as quarterly proof-of-reserves audits ensure transparency.
This BitBank.cc Crypto Exchange review is solely for the informational and educational purpose and does not constitute and financial advice. Cryptocurrencies are highly volatile and prone to higher risk when it comes to trading, so do your own research (DYOR) before opting any crypto exchange for spot or futures trading.
ShahZaib Ahmed is a seasoned Crypto Journalist passionate about cryptocurrencies, blockchain technology, and decentralized finance (DeFi). With years of experience in the industry, ShahZaib Ahmed has written extensive news articles, price analysis articles and guide articles on Cryptocurrencies, Blockchain, DeFi, NFTs, Web3, and FinTech. Known for insightful analysis and a keen understanding of market trends, he brings complex concepts to life for beginners and seasoned investors.
- ShahZaib Ahmed
- ShahZaib Ahmed
- ShahZaib Ahmed
- ShahZaib Ahmed
