Bit-Z

Bit-Z

  • China

  • Full trading platform

  • Bit-z.com

  • Since 2018

Bit-Z
In Social Media:
Developed Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $205,976,973

Bit-Z is a digital currency exchange platform that offers support for Over-the-Counter (OTC) Trading. Launched in 2016, the platform gained fast traction by providing an easy and convenient way for users to buy or sell cryptos in numerous trading pairs against Bitcoin, Ethereum, and Tether. Recently, they launched their proprietary token, DKKT (DKK), which holds parity with Danish Krones.

This platform is mostly intended for experienced users from China who want to make OTC buy/sell orders with other users in a discrete manner. The platform's design is minimalist with easy to navigate options throughout the site. Since it allows users to create buy/sell crypto ads, this exchange is also well-suited to wholesale traders.

Language Support

  • Chinese
  • English

Country Support

  • Australia
  • Canada
  • China
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • US partial

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows light and dark theme
  • Allows Advanced and Basic option
  • Allows customized alerts and notifications

Advanced
Options:

  • Limit Order
  • Market Order

Bit-Z security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
Hot storage

Advanced Security Features:

  • Email reports of logins
  • Monitor bahavior patterns for suspicious activity
  • Limit amount of daily withdrawls

Security Features:

  • SSL

Bit-z offers no information regarding the individuals behind the company that runs the platform. They have offices in Hong-Kong, Beijing, and Singapore. Bit-Z warns investors that its services might not be legal in certain jurisdictions and says it does not accept as clients residents of the Federal Republic of Germany or New York State in the USA, due to regulations in those regions.

Summary:

Bit-Z has large trading volumes and is mostly intended for Chinese investors who are interested in OTC trading. Given the fact that there is little to no information regarding the key people running this company nor their private key storage methods, users are advised not to store large amounts of crypto assets with this exchange. We recommend proceeding with caution when using Bit-Z.

Ease of use
Developed
Transaction Fees
0.1-0.29%
Deposit/Withdrawal Fee
0.5-0.79%, 0/Deposit
Deposit/Withdrawal Fee c For Bank Transfer
N/A
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
It's free (fees may be hidden)
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit using 3rd party, Withdrawal funds through a third party, Send/Receive Crypto

Functionality:

This exchange offers support for a large number of tokens against 4 major markets, Bitcoin, Ethereum, USDT, and DKKT (their proprietary token). Users can trade anonymously up to a certain limit. Through OTC trading, users can set-up buy/sell orders protected by password or publish buy/sell ads for cryptos, which allows them to trade in a discrete manner.

Most common
customer complaint:

A lot of bad user reviews regarding scam allegations.