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
- TradingView
- Tons of cryptocurrencies and tokens, from fiat only Japanese yen, low Taker commission, "minus" Maker commissions, no investment or referral programs, handy trading terminal
Our Evaluation of Bitbank
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
Bitbank is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.16 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitbank clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Bitbank crypto exchange offers a standard TradingView terminal with authorial modifications by exchange specialists. There are 60 additional tools for technical analysis. The mobile application for iOS and Android has the same functions as the desktop version. The platform is characterized by high-speed transactions, large trading volumes, and stability of work on peak loads. No technical errors or vulnerabilities were detected. The cold storage of user funds in combination with the advanced encryption system and 2FA authentication provides heavy-duty security. It is one of the most reliable exchanges with objectively favorable trading conditions.
Brief Look at Bitbank
Bitbank is a marketplace for buying and selling cryptocurrencies. You can trade Bitcoin (₿), Ethereum (Ξ), Bitcoin Cash, MonaCoin, Stellar Lumen, OMG, and dozens of other crypto assets. The only fiat currency represented is the Japanese yen (JPY). Funds can be deposited through the most popular channels, including direct fiat transfers from a bank card. The exchange is known for one of the lowest rates of trading commissions: 0.12% for the taker, and -0.02% for the maker. There are no deposit fees, and withdrawal fees are also low. There is no minimum deposit, and registration and verification take a minimum amount of time. The exchange does not have specialized solutions for beginners, and investment and referral programs are not offered. From the position of the interface, experts estimate the platform as one of the most convenient and well-thought-out.
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- dozens of popular cryptocurrencies and tokens are traded on the exchange;
- trading fees are significantly lower than the market average;
- no minimum deposit, no deposit fees;
- all funds of exchange clients are kept cold;
- the exchange has a state-of-the-art security system for users’ data;
- there is a mobile application in addition to the terminal in the browser;
- terminal and application include tools for market analysis.
- absence of fiat currencies except for the Japanese yen;
- there is no investment or referral program.
TU Expert Advice
Financial expert and analyst at Traders Union
The crypto exchange belongs to Bitbank Group Corporation, launched in 2014. One of the oldest cryptocurrency trading platforms in the region, it is licensed by the Financial Services Agency of Japan (FSA) and is transparent. The license is valid and the site operates within the regional legislation. Traders Union’s analysis of Bitbank’s activities did not reveal any evidence of fraud or defaults to its customers.
Bitbank is one of the few exchanges in the world market offering a minus fee to the maker, which is -0.02%. To cut it to the chase, the exchange pays extra for such transactions. The commission for the taker is 0.12%, one of the lowest rates in the market segment. Withdrawal fees at the exchange are also low, with no commission for input, regardless of the asset or input channel. But it should be borne in mind that the services used by the client to deposit funds may charge their own fees.
According to the results experts at the Traders Union, the exchange is stable and convenient. In the browser, trade is carried out through the TradingView terminal, which has several advantages over the standard version. In particular, additional tools of the technical analysis are introduced, and all functionalities and modifications are included in the mobile application. All operations are executed instantly. The exchange does not limit clients on trading strategies.
Bitbank's disadvantages are the lack of investment solutions, referral programs, and the availability of only standard accounts. Also, the exchange does not offer specialized solutions for beginners, such as demo accounts. However, these points are not very significant.
Bitbank Summary
| 💻 Trading platform: | TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptos, JPY |
| 💵 Deposit / Withdrawal: | Bank cards, e-wallets, crypto wallets |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0,12%-0,15% |
| 🔧 Instruments: | 35 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Not indicated |
| ⭐ Trading features: | Tons of cryptocurrencies and tokens, from fiat only Japanese yen, low Taker commission, "minus" Maker commissions, no investment or referral programs, handy trading terminal |
| 🎁 Contests and bonuses: | Yes |
To start trading on Bitbank, it is crucial to pass the registration procedure which takes less than a minute. After that, the client receives limited access to the functionality of the site until he also passes the verification procedure. Verification can take up to 1 business day. After its completion, all restrictions are removed. There is no minimum deposit, and the client regulates his own financial policy. Although it should be noted that there is a minimum deal size for all trading pairs. Also, it is necessary to consider that at an exchange there is no leverage. Consequently, a client of the site in the process of trading can rely only on his financial resources. The exchange does not impose restrictions on trading strategies. Technical support is represented by a standard system of tickets. The table below summarizes the main trading conditions of the platform, which give a general idea of the features of cooperation with it.
Bitbank Key Parameters Evaluation
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Regulation and safety
Bitbank has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Tier-1 regulation
- Cold wallet storage
- 2FA
- Government-regulated
- No successful hacks history
- No investor protection fund
- Not U.S regulated
- No facial recognition
Bitbank Security Factors
We also compared Bitbank against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bitbank | OKX | Kraken | |
| Tier-1 regulation | Yes | 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 Bitbank a regulated crypto exchange?
Bitbank is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Bitbank is authorized or licensed in accordance with local regulations in the following regions: Japan.
Is verification (KYC) mandatory at Bitbank?
Yes, KYC verification is mandatory at Bitbank. 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 Bitbank available?
Bitbank complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, 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 Bitbank support.
Is Bitbank available in the USA?
Yes, Bitbank 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.
Bitbank commissions and fees
Bitbank received a 7/10 score for its trading fees. While Bitbank 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 Bitbank trading fees?
We analyzed Bitbank’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.
Bitbank trading fees vs competitors
| Bitbank | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,12 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,15 | 0,22 | 0 | 0.194 |
What are Bitbank deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0006 BTC 0,005 ETH |
Does Bitbank offer P2P trading?
No, Bitbank 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
Bitbank received a 4/10 rating for its deposit and withdrawal services. Bitbank offers limited funding options and may charge fees, which could be inconvenient for many users.
- Bank transfers for deposits and withdrawals
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No PayPal option
- Withdrawal fee applies
Deposit and withdrawal options
Bitbank supports the following deposit and withdrawal options: Bank transfers, Crypto.
Bitbank Deposit and withdrawal options vs competitors
| Bitbank | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Bitbank minimum deposit?
The minimum deposit at Bitbank is 1000 JPY USD/USDT or 0,0001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitbank minimum deposit vs competitors
| Bitbank | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1000 JPY | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does Bitbank support fiat money?
Bitbank does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Bitbank received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Bitbank covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Copy trading not available
- Crypto futures not available
Bitbank supported coins and markets vs competitors
We compared Bitbank 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.
| Bitbank | OKX | Kraken | |
| Supported coins | 35 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Bitbank passive income options vs competitors
We also compared Bitbank 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
Bitbank received a score of 5.8/10 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.
- App data protection with 2FA
- Advanced tools and automation with API
- Mobile indicators allowed
- No access to Copy Trading
- No standalone desktop access
Trading apps
Bitbank provides web and mobile apps for both Android and iOS users, with an average rating of 3,8 on the App Store and 3,8 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 Bitbank platform is for mobile use.
| Bitbank | |
| 2FA | Yes |
| Face ID | No |
| Mob Indicators | Yes |
| Alerts | No |
| Advanced Orders | No |
| Trading with bots | No |
| API | Yes |
| Extra trading platforms | No |
Does Bitbank offer a desktop app?
No, Bitbank 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 Bitbank offer advanced charting with TradingView integration?
No, Bitbank does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | 〒141-0031 7-20-9 Nishigotanda, Shinagawa-ku, Tokyo KDX Nishigotanda Building 7F Bitbank |
| Official site | https://bitbank.cc/ |
| Contacts |
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