A platform created specifically for exchanging and trading cryptocurrencies is the Bitcoin.com exchange. It trades Bitcoin, Ethereum, Tether, Ripple, Litecoin, Dash, and other digital assets along with other cryptocurrencies and tokens. They only offer OTC and margin trading with leverage up to 1:12. Only crypto-crypto pairs are traded on this site, not fiat currencies. Based on TradingView, the trading terminal’s web interface also has a mobile trading app.
Traders Union recently published a Bitcoin.com review, it was revealed in the review that the platform protects two-factor authentication, public IP addresses, and cold storage for assets. Additionally, users benefit from a free multicurrency account, multiple deposit/withdrawal options, and a fixed taker/maker trading commission of 0.20%/0.15%.
Advantages and disadvantages of Bitcoin.com
Traders Union notes a number of these platforms’ pros and weaknesses. Several significant benefits and drawbacks are relevant for prospective and present users of Bitcoin.com.
Advantages:
- A wide range of popular cryptocurrencies and tokens are available for trading.
- Convenient web terminal and mobile trading application.
- High-level protection of user data and funds.
- Margin trading with leverage up to x12.
- No commission fees for deposit/withdrawal.
- Inclusion of a forum, blog, integrated news service, and analytics.
- Guides available for cryptocurrency trading.
Disadvantages:
- Absence of demo accounts.
- Lack of investment solutions.
- No referral programs are offered.
Expert review of Bitcoin.com
According to TU experts, here are the key points regarding Bitcoin.com:
- com was established in 2019 and is managed by Saint Bitts Llc.
- The company operates transparently, but no data on its cryptocurrency operating license is available.
- The exchange focuses on margin trading and OTC transactions without dealing with fiat currencies.
- The active pool comprises popular cryptocurrencies like Bitcoin, Litecoin, Ripple, and Tether.
- The platform experiences high trading volumes and user activity.
- Deposits/withdrawals have no commissions or minimum requirements.
- User funds are protected through end-to-end encryption, public IPs, and 2-factor authentication.
- The exchange does not offer passive earning options, solely focusing on active trading.
- The web terminal and mobile application are highly rated for simplicity and convenience.
Analysis of the main features of this crypto exchange
According to TU analysts, the following are the scores given to Bitcoin.com in various categories:
- Overall score: 4.6/10
- Execution of orders: 4.81/10
- Investment instruments: 4.45/10
- Withdrawal speed: 4.75/10
- Customer Support work: 4.23/10
- Variety of instruments: 4.97/10
Overall summary
The Bitcoin.com exchange does not use fiat currency or investment schemes and prioritizes active trading using crypto-to-crypto pairs. For significant transactions, it provides OTC and margin trading services. The platform offers an accessible mobile application and a user-friendly trading console. Trading commissions are ordinary, whereas deposit/withdrawal options are accessible without commission fees.
Top alternatives to Bitcoin.com
TU experts recommend the following alternatives:
- Bybit: This Bitcoin derivatives exchange allows users to trade contracts with high leverage and is renowned for its speed and trustworthiness.
- OKEx: The well-known cryptocurrency exchange OKEx offers digital wallets, futures trading, and spot trading services.
- Binance: Binance is the largest cryptocurrency exchange in the world based on trade volume, offering a wide variety of cryptocurrency trading options.
- Huobi Global: Huobi Global, a respected exchange for digital assets, offers a secure setting for cryptocurrency trading.
- KuCoin: A well-known exchange, KuCoin is well-known for its user-friendly interface and reputation for listing a variety of cryptocurrencies.
Also, it can be noted that Bitrue is another cryptocurrency exchange that traders may consider. It provides a user-friendly platform and offers a wide range of cryptocurrencies for trading. With a focus on security and customer satisfaction, Bitrue aims to provide a reliable and efficient trading experience.
Conclusion
The cryptocurrency exchange offers a variety of crypto-to-crypto trading pairs to active traders. It provides a positive trading experience with its user-friendly web terminal and mobile app, high-level security features, and practical deposit/withdrawal choices. However, it lacks referral programs, demo accounts, and investment solutions. For more information and detailed comparisons, visit the Traders Union website.
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