According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary platform
- Native token BTZ
Our Evaluation of Bitazza
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bitazza is a high-risk cryptocurrency exchange with the TU Overall Score of 2.77 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitazza clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Bitazza is a regional exchange for investors from Thailand with a prospect of going global.
Brief Look at Bitazza
Bitazza is a regional cryptocurrency exchange in Southeast Asia, established in Thailand in 2018. According to analytical information, the exchange attracted over 600,000 users, after which it announced possible global expansion plans with the Bitazza Global platform. The daily turnover at the exchange is USD 10 million, with over 80 coins on its listing. The turnover is distributed relatively evenly with no clear leaders with a large margin, which is an advantage. ВТС and SAND account for the higher turnover – 6-10% each.
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- Flexible fee schedule with fee discounts for holding the exchange’s native coin.
- Functional trading platform with a demo mode that does not require opening positions and without registration.
- Wide selection of cryptocurrency assets. The exchange offers access to over 80 cryptocurrencies and more than 120 cryptocurrency pairs.
- No pairs with fiat: USD, EUR, etc. Also, in terms of fiat, the exchange works only with Thai baht.
- Investment products are at the stage of development.
- Withdrawal fee.
TU Expert Advice
Financial expert and analyst at Traders Union
The first thing that catches your eye is the incorrectly working website of the exchange. There is an issue opening certain tabs. Even if this problem is temporary, there is also the issue of the native token of Bitazza (BTZ). Its position in the CoinMarketCap rating is 9785th, still in the first thousand, but steadily moving down since its launch. Since the developers have failed to prove the attractiveness of their cryptocurrency to investors four years after the launch, the prospects of the platform itself are questionable. Either that or they simply occupied a narrow niche of a regional exchange and are not in a hurry to move forward.
Nevertheless, the developers continue trying to popularize BTZ. The exchange has a flexible fee schedule, which depends on the number of BTZ coins an investor owns. If you have zero BTZ, the fee is 0.25% (although this could be about a 50% discount). The more BTZ, the higher the discount. The maximum discount is 70%. Also, investors are assigned new levels as the number of BTZ they own increases, which provides additional benefits, such as participation in airdrops, number of votes in the voting of the network participants (similar to validators), etc.
In addition to spot trading, the exchange offers investing in DeFi products, derivatives and a service of direct access to the global OTC market for large clients. However, it is not clear how its functionality works when you first visit the platform. Overall, the platform leaves more questions than answers, although there are no evident reasons for criticizing Bitazza; in order to assess its pros and cons, you need to register and test the platform using minimum amounts. The exchange does not offer a demo account.
Bitazza Summary
💻 Trading platform: | Proprietary platform |
---|---|
📊 Accounts: | Client account |
💰 Account currency: | Thai baht (ТНВ) and cryptocurrencies |
💵 Deposit / Withdrawal: | Bank account, withdrawal of cryptocurrencies to external addresses |
🚀 Minimum deposit: | 1$ |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | N/A |
💱 Commission: | Spot: 0,15%-0,25% |
🔧 Instruments: | 78 supported coins. |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | N/A |
⭐ Trading features: | Native token BTZ |
🎁 Contests and bonuses: | Periodically |
Bitazza offers a flexible fee schedule. The maximum transaction fee is 0.25%, but it can be reduced by investing and holding BTZ coins. The exchange charges a withdrawal fee, which is fixed regardless of the withdrawal amount, for example 1 USDT, 0,01 XRP, 20 THB, etc.
Bitazza Key Parameters Evaluation
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Regulation and safety
With a 6.75/10 score, Bitazza demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- 2FA
- Cold wallet storage
- No successful hacks history
- Government-regulated
- Not U.S regulated
- Not tier-1 regulated
- No investor protection fund
Bitazza Security Factors
We also compared Bitazza against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
Bitazza | OKX | Kraken | |
Tier-1 regulation | No | No | Yes |
Government-regulated | Yes | Yes | Yes |
Investor protection fund | No | Yes | No |
2FA | Yes | Yes | Yes |
Facial recognition | No | Yes | No |
Cold wallet storage | Yes | Yes | Yes |
Successful hacker attacks | No | No | No |
Is Bitazza a regulated crypto exchange?
Bitazza is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Bitazza is authorized or licensed in accordance with local regulations in the following regions: Thailand.
Is verification (KYC) mandatory at Bitazza?
Yes, KYC verification is mandatory at Bitazza. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Bitazza available?
Bitazza complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Iran, Islamic republic, Belgium, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Bitazza support.
Is Bitazza available in the USA?
Yes, Bitazza is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Bitazza commissions and fees
Bitazza received a 5.7/10 score for its trading fees. While Bitazza is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Bitazza trading fees?
We analyzed Bitazza’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Bitazza trading fees vs competitors
Bitazza | Nexus Trade | Paxful | Industry average | |
Spot, maker fee (%) | 0,15 | 0,22 | 0 | 0.15 |
Spot, taker fee (%) | 0,25 | 0,22 | 0 | 0.194 |
What are Bitazza deposit and withdrawal fees?
Deposit fee, % | 0 |
Withdrawal fee, % | 0,0005 BTC 0,005 ETH |
Does Bitazza offer P2P trading?
No, Bitazza does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Bitazza received a 5.5/10 rating for its deposit and withdrawal services. While Bitazza covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank transfers for deposits and withdrawals
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- No Google Pay option
- No PayPal option
- Withdrawal fee applies
Deposit and withdrawal options
Bitazza supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
Bitazza Deposit and withdrawal options vs competitors
Bitazza | OKX | Kraken | |
Bank transfers | Yes | No | Yes |
Bank card | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
PayPal | No | No | Yes |
What is Bitazza minimum deposit?
The minimum deposit at Bitazza is 10 USD/USDT or 0,001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitazza minimum deposit vs competitors
Bitazza | OKX | Kraken | |
Minimum deposit, USD or USDT | 10 | 10 | 10 |
Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does Bitazza support fiat money?
Bitazza does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Bitazza received a score of 1/10 in this category, indicating a modest offering of assets and markets. While Bitazza covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Other supported products
- Copy trading not available
- Crypto futures not available
Bitazza supported coins and markets vs competitors
We compared Bitazza with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
Bitazza | OKX | Kraken | |
Supported coins | 78 | 329 | 278 |
Futures/Perpetual contracts | No | Yes | Yes |
Options | No | Yes | No |
NFTs | No | Yes | Yes |
Bitazza passive income options vs competitors
We also compared Bitazza with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Bitazza received a score of 7/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Positive user feedback on the iOS app
- Mobile indicators allowed
- Advanced tools and automation with API
- Android app score 4,1
- No standalone desktop access
- No trading bots for traders
- No access to TradingView features
Trading apps
Bitazza provides web and mobile apps for both Android and iOS users, with an average rating of 4,6 on the App Store and 4,1 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Bitazza platform is for mobile use.
Bitazza | Bybit | |
2FA | Yes | Yes |
Face ID | No | Yes |
Mob Indicators | Yes | Yes |
Alerts | Yes | Yes |
Advanced Orders | Yes | Yes |
Trading with bots | No | Yes |
API | Yes | Yes |
Extra trading platforms | No | MT4 |
Does Bitazza offer a desktop app?
No, Bitazza does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Bitazza offer advanced charting with TradingView integration?
No, Bitazza does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
Foundation date | 2019 |
---|---|
Registration address | Tortola Pier Park, Building 1, Second Floor, Wickhams Cay I, Road Town, British Virgin Islands |
Official site | https://www.bitazza.com/ |
Contacts |
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