Bitazza Review 2024
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
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 2.83 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 ranks 149 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.
- 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 |
| 💵 Replenishment / Withdrawal: | Bank account, withdrawal of cryptocurrencies to external addresses |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | N/A |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders 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.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | 2,5% | Yes |
The results of the comparative analysis are shown in the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$2.5 | |
|
$6 | |
|
$20 |
Investment Options
The exchange plans to develop investment opportunities in the DeFi segment. Investors will receive access to flash loans, deposits, farming, etc. The date of the launch of these products is unknown, but there have been mentions about them on the website, although it is not possible to use them at the moment. Investing in BTZ is currently the only available investment program of the exchange.
BTZ — benefits of investing in Bitazza native cryptocurrency
BTZ is the native coin of the exchange that was placed on the CoinMarketCap listing in April 2022. The cryptocurrency is a governance currency of the ecosystem that provides for transactions with minimum network fees.
Depending on the amount of purchased BTZ coins, an investor receives benefits according to the assigned status. There are a total of six statuses from Bronze to Diamond. The benefits include:
50-70% discounts on transactions fees;
15-40% referral reward;
Number of votes in the network;
Participation in airdrops, special offers, etc.
Under the investment program, there is also a reward for holding BTZ in your wallet balance. The amount of the reward also depends on the assigned status (the amount of purchased coins) and ranges within 0.15%-0.4% (the period is not specified on the website).
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bitazza Affiliate Program
There is no detailed description of the affiliate program on the website of the exchange, but it does exist. Its profitability can be increased through investing in BTZ. For example, an investor who bought 50,000 coins will receive 25% revenue share of the referrals. The maximum reward is 40%.
User Satisfaction