BIT
⭐ Trust Score: 3/10
📋 Basic information
📊 Trading statistics
📖 About exchange
ℹ️ BIT.com is a cryptocurrency exchange founded in 2020 and registered in the Seychelles. The platform, created with the support of the financial company Matrixport, focuses on providing professional trading tools including spot trading, futures, and options.
🪙 Trading Products and Instruments
BIT.com offers a wide range of trading opportunities for different categories of traders.
Spot Trading
Over 60 cryptocurrencies on about 140 trading pairs
Futures Trading
Leverage up to 100x on perpetual contracts
Passive Income
Staking available for more than 13 assets through mobile application
Copy Trading: Built-in feature for copying successful traders' deals
Cloud Mining: C2C Bitcoin cloud mining service
🔐 Security and Support
The platform's security has both strengths and noticeable weaknesses.
Security Measures
- Two-factor authentication (2FA)
- Financial password: Additional protection for operations
- Biometric authentication: Enhanced login security
- USB security keys: Hardware protection
- Trusted address system: Withdrawal control
Regulation
Registered as a Virtual Asset Service Provider (VASP) in Lithuania
Support
Support service operates 24/7 via Live Chat
💳 Deposits and Withdrawals
BIT.com has certain limitations in working with fiat.
Verification (KYC)
Mandatory for full access to platform functions and increased withdrawal limits
Account Funding
Fiat payments supported using credit/debit cards
Withdrawals
Only possible in cryptocurrency. Fiat withdrawals are not supported
👍 Advantages and Disadvantages
Based on analysis of user reviews and official information, we can identify the platform's strengths and weaknesses.
Advantages
- ✅ Wide range of trading products: spot, futures
- ✅ Low trading commissions
- ✅ Availability of copy trading and cloud mining functions
- ✅ Advanced API connection for algorithmic trading
- ✅ Commission reduction with trading volume growth
Disadvantages
- ❌ Relatively new platform
- ❌ Low trust scores on review sites
- ❌ Lack of fiat withdrawals
- ❌ Geographical restrictions for users from many countries
- ❌ Absence of demo account and advanced order types
💡 Tips for Beginners
Study commissions
Pay attention to the VIP level system to understand how trading commissions can be reduced with volume growth
Consider limitations
Remember that the platform doesn't support fiat withdrawals and doesn't have a demo account for practice
Security first
Be sure to activate all available account protection measures such as 2FA and withdrawal address whitelist
🌐 Interface & Accessibility
Interface: Multilingual (including Russian).
Location: Seychelles
🌏 Countries with Restricted Access
BIT.com prohibits access for residents of the following countries and territories:
Countries under complete ban:
- USA and all territories (Puerto Rico, Guam, Northern Mariana Islands, etc.)
- Canada
- China (mainland), Hong Kong
- Cuba
- North Korea (DPRK)
- Singapore
- Syria
- Iran
- Japan
- Myanmar
- Uzbekistan
- Crimea, Sevastopol
Important note: The exchange reserves the right to restrict access to users from other countries in accordance with international sanctions and changes in legislation.