Cryptocurrency Exchange

Bit-Z – Complete Review on Leading Hong Kong Exchange

Bit -Z  is one of the leading exchanges for trading digital assets around the world with two types of trading : Over the Counter (OTC) and professional digital asset trading services

Overview

Legal NameBit-Z Exchange
HeadquartersHong Kong
CEOChang Shun
Year Founded2016
Exchange TypeCentralized
Trading FeesMaker: 0.20%/ Taker: 0.20%
Deposit MethodsCryptocurrency
Supported Cryptos100+ cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more
FiatNo
Customer ServiceEmail, Phone
Trading OptionsSpot Trading, Margin Trading

There are a number of different digital currency exchanges and each has different benefits and drawbacks to its platforms. Some offer a lot of different coins, but do not offer reliability.

Others, meanwhile, offer only a few digital assets and have great security features. This will make it very difficult to find the one that is perfect for you. Luckily, This Bit-Z exchange review is here to help you out!.

In this article, we will provide you with the complete guide on the Bit-Z exchange and look into its overall aspects. Let us look into detail in this Bit-Z exchange review now,

What is Bit-Z?

Bit-Z exchange was founded in the year 2016 and is headquartered in Hong Kong. It is currently among the leading exchanges for trading digital assets around the world. It provides both Over the Counter (OTC) and professional digital asset trading services.

Bit-Z has branches in more than 10 countries and regions including Singapore, Japan and South Korea. Some of the Bit-Z’s leading investors include Cyanhill Capital Limited, Guosheng Financial Holding, and Plum Angel Investment Co., Ltd. 

Bit-Z Features

  1. Trading Platform: Its entire user interface is very user-friendly and intuitively designed. The layout looks amazing and it provides an optimized way to ensure a great trading experience for users.
  2.  OTC Trades: They allow users to purchase currencies directly from other members of the site, and the orders do not appear on the exchange but in a separate “OTC” area.
  3.  Low fees: Bit-Z exchange charges comparatively low fees. They charge a fee of 0.20% for both makers and takers. In addition, it does not charge any fees for deposits.
  4.  Security: Bit-Z exchange employs bank level SSL technology on transactions. There is also a two-factor authentication process in place that comes to play when users are trying to deposit or withdraw funds from the platform.
  5. Customer Support: Bit-Z offers users two ways of customer support, one is through live chat, and the other is through support tickets. Both options are available 24/7.

Bit-Z Fees and Limits

To make it affordable to use Bit-Z, it charges relatively very low fees. There are no fees for deposits. They charge flat trading fees of 0.20% for both the makers and the takers.

Bit-Z’s withdrawal fee is 0.0005 BTC per BTC-withdrawal. This fee is a bit below the industry average. Bit-Z does not accept any other deposit method than cryptocurrencies.

Bit-Z Supported Currencies

In terms of cryptocurrencies, BitZ currently supports 100+ supported coins. Some of the major coins include:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Dash (DASH)
  • Dogecoin (DOG)
  • Litecoin (LTC)
  • Stellar Lumens (XLM)
  • EOS (EOS)
  • Ethereum Classic (ETC)
  • Ethereum (ETH)
  • Gnosis (GNO)
  • Iconomi (ICN)
  • Melon (MLN)
  • Augur (REP)
  • Tether (USDT)
  • Monero (XMR)
  • Ripple (XRP)
  • Zcash (ZEC)

Bit-Z Mobile App

Bit-Z offers a native mobile app which can be downloaded on both Google Play and the iStore. The app allows you to trade, access your wallet, fund your account, receive notifications, and check your transaction history on the go.

How to register on Bit-Z?

Step 1: Navigate to the Official Website and then click the “Sign up” button in the login screen.

Step 2: You can choose to register with your mobile phone number or your email address.

Step 3: Now enter the email address, password, optional invitation code.

Step 4: Enter the verification code, and click the “Terms of Use” and then click “Sign up”

Step 5: Click the activation link or copy activation link in the registration email to activate your account.

How to recover the Bit-Z password?

In certain cases, to recover the Bit-Z password, Click on the “Forgot Password” option. Then enter your personal information and user id after which you can reset your password. 

How to deposit on Bit-Z?

Step 1: Login to your account. Go to the Assets Page

Step 2: Click on the Deposit Option

Step 3: Enter the deposit address and the amount to be deposited

Step 4: Finally click on the Deposit button

How to withdraw on Bit-Z?

Step 1: Login to your account. Go to the Assets Page

Step 2: Click on the Withdraw Option

Step 3: Enter the withdraw address and the amount to be withdrawn

Step 4: Finally click on the Withdraw button

How to buy cryptocurrencies on Bit-Z?

Step 1: Login to your account and then click the “Exchange” option which is located on the top right of the main menu.

Step 2: This will then load up the trading screen.

Step 3: On the left-hand side you will see the trading pairs which are available

Step 4: Choose which currency you would like to trade in and then click which currency you would like to trade for      

Step 5: You can then use the two boxes under the graphs to place your buy order of your desired currency.

Step 6: Enter the “Amount”, “Total” Information and then enter the trade password and click “Buy” Option

How to sell cryptocurrencies on Bit-Z?

Step 1: Login to your account and then click the “Exchange” option which is located on the top right of the main menu.

Step 2: This will then load up the trading screen.

Step 3: On the left-hand side you will see the trading pairs which are available

Step 4: Choose which currency you would like to trade in and then click which currency you would like to trade for      

Step 5: You can then use the two boxes under the graphs to place your sell order of your desired currency.

Step 6: Enter the “Amount”, “Total” Information and then enter the trade password and click “Sell” Option

Bit-Z Pros and Cons

Pros

  • Excellent Interface
  • High liquidity
  • A wide array of digital assets
  • Low Fees
  • OTC Trades

Cons

  • Slow customer service and limited options
  • The verification process is complex
  • Lack of fiat-to-crypto options

Conclusion

Bit-Z offers advanced security protocols that help make transactions easy. Traders are also offered wallet to wallet services. The company uses bank-level SSL encryption technology to safeguard the user’s funds.

Bit-Z’s synchronization capacity enables traders to exchange assets and confirm transactions quickly. Given that it has a large number of cryptocurrencies listed, Thus the Bit-Z exchange is definitely one of the popular exchanges worth recommending.

  

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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