Established in 2016, BitZ is an online digital currency exchange that offers access to trade over 200 digital currencies, including Bitcoin, Tether, Ethereum, Ripple, Litecoin, Bitcoin Cash, Dash, EOS, and more, using a proprietary trading platform that is available in the web and mobile versions. They provide traders with a selection of trading and learning tools and also offer a customer support team to assist them
BitZ Review, Pros & Cons
- Proprietary crypto trading platform
- A selection of useful trading & learning tools
- Over 200 digital currencies
- Unregulated exchange
- Cryptocurrency trading only
- No MetaTrader trading platforms
In this detailed BitZ review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
BitZ is an online cryptocurrency exchange that is headquartered in the British Virgin Island and has offices in Singapore, Japan, and South Korea. The Exchange aims to provide cryptocurrency enthusiasts all over the world with an efficient and secure way to trade multiple digital assets online via an easy-to-use crypto trading platform. Since its launch, the Exchange has grown into a competent and diversified cryptocurrency exchange with professionals from different fields, including finance, social networking, gaming, and e-commerce.
There is no regulatory information on the Exchange’s website at the moment, which could discourage some potential traders and investors from opening an account with them. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Clients from across the globe can open a trading account with BitZ, provided that doing so would not be contrary to any local law or regulation.
Some BitZ features and products mentioned within this BitZ review may not be available to traders from certain countries because of legal restrictions.
BitZ provides traders with an in-house-developed trading platform for trading various digital assets with ease. The platform has a user-friendly interface that is designed to suit traders of all levels of experience. It features several useful trading tools, such as technical indicators, trade histories, and a price chart that is positioned in the middle of the screen with the available digital assets on the left. The Exchange makes the BitZ trading platform available as a WebTrader that can be directly accessed via their website. There is also a mobile trading app that is compatible with Android and iOS devices and can be downloaded from the respective app stores.
BitZ Trading Tools
To ensure traders get the best in their trading, BitZ provides them with some standalone trading tools, such as trade APIs, Charts powered by Tradeview, and more.
The BitZ’s website is packed with several educational materials that are designed to improve clients’ trading knowledge and also keep them up to date with the latest events that take place in the financial markets. These include announcements, trading guides, learning articles, and more.
The Exchange offers the following digital assets: Bitcoin, Tether, Ethereum, Ripple, Litecoin, Bitcoin Cash, Dash, EOS, and more.
BitZ Accounts & Fees
BitZ offers access to a single live trading account option.
As broker fees can vary and change, there may be additional fees that are not listed in this BitZ review. It is imperative to ensure that you check and understand all of the latest information before you open a BitZ broker account for online trading.
Traders are provided with a knowledgeable customer support team that is available 24/7 to respond to all their trading inquiries. They can be contacted via email, social media, and Live Chat.
BitZ Deposit & Withdrawal
All account deposit and withdrawal requests are processed using cryptocurrency (Bitcoin) only. All other payment methods are not accepted.
BitZ Account Opening
To open a live trading account, you are required to click on the SignUp button on the homepage of the website, fill in your phone number, and a verification code will be sent to you. Proceed to fill out the form, providing a secure password, and check the dialogue box.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
BitZ is an online digital currency exchange that offers a proprietary platform for trading multiple digital assets online. Traders benefit from trading tools, educational resources, and a client support team. However, the Exchange is not regulated by any known financial authority at the moment.
Trading digital assets involves significant risk. Price fluctuations might open up your opportunities for profits and losses. But drastic price fluctuations might cause you to lose all your investments. Therefore, before you take part in digital asset transactions, you shall carefully evaluate the investment value and investment risk of digital assets, make decision-based on your economic situations and risk tolerance, adjust your position and trading strategy, and you shall bear the risk of losing all your investment by your own.