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
- No
- Bitcointry's browser-based platform
- Web3 support, and a high level of security
Our Evaluation of BitcoinTry
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
BitcoinTry is a high-risk cryptocurrency exchange with the TU Overall Score of 1.92 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BitcoinTry 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.
Brief Look at BitcoinTry
Bitcointry is a hybrid cryptocurrency exchange supporting Web3 technologies. The platform offers trading for Bitcoin, Ethereum, and other cryptocurrencies, alongside decentralized finance (DeFi) and NFT capabilities. Bitcointry aims to provide a secure and intuitive trading environment with various asset analysis and management tools. While the platform claims to adhere to international regulatory standards, specific information regarding licenses or regulatory authorities is absent. Clients are advised to thoroughly verify regulatory details before using the platform.
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- Support for Web3 technologies, including DeFi and NFTs.
- High-security standards and protection of user funds.
- User-friendly interface and a variety of market analysis tools.
- 24/7 client support.
- The platform may be complex for beginners due to its wide range of features.
- Limited number of supported cryptocurrencies.
TU Expert Advice
Author, Financial Expert at Traders Union
BitcoinTry is a cryptocurrency exchange featuring Web3 technologies, enabling trading Bitcoin, Ethereum, and other cryptocurrencies. The company caters to diverse trading needs through its user-friendly interface, robust security, and advanced market analysis tools. It offers opportunities to explore DeFi and NFTs, further enriching the user experience. Additionally, it provides 24/7 client support, ensuring continuous client assistance.
Despite these advantages, BitcoinTry faces notable drawbacks, including reportedly high spot fees and a limited selection of cryptocurrencies compared to some larger exchanges. The platform may be overwhelming for beginners due to its complexity. The absence of direct fiat support and potentially costly withdrawal processes may not align with typical trader preferences. Overall, BitcoinTry may suit experienced users focusing on cryptocurrency assets, but not those seeking comprehensive, low-cost trading environments.
BitcoinTry Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Bitcointry's browser-based platform |
|---|---|
| 📊 Accounts: | Cryptocurrency accounts |
| 💰 Account currency: | BTC, ETH, USDT, and others |
| 💵 Deposit / Withdrawal: | Bank accounts and cards, crypto wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Spot: 0,06-0,8%-0,06-0,8% |
| 🔧 Instruments: | 59 supported coins. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | The app is available for iOS and Android |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit order, Market order, and Stop limit order |
| ⭐ Trading features: | Web3 support, and a high level of security |
| 🎁 Contests and bonuses: | No |
Bitcointry offers trading conditions suitable for traders of all experience levels. As a hybrid cryptocurrency exchange with Web3 support, the platform allows clients to trade cryptocurrencies and access DeFi and NFT features.
BitcoinTry Key Parameters Evaluation
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Regulation and safety
BitcoinTry received a score of 0.75/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- No successful hacks history
- Not U.S regulated
BitcoinTry Security Factors
We also compared BitcoinTry against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BitcoinTry | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | No | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | No | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is BitcoinTry a regulated crypto exchange?
BitcoinTry is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean BitcoinTry is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at BitcoinTry?
KYC verification is not mandatory for opening an account and trading at BitcoinTry. However, unverified accounts have certain limitations, such as lower withdrawal limits and restricted access to certain features.
In which countries is BitcoinTry available?
BitcoinTry complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Iraq, Syrian Arab Republic. For the most up-to-date information on regional availability, please contact BitcoinTry support.
Is BitcoinTry available in the USA?
BitcoinTry is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Kraken, Crypto.com .
BitcoinTry commissions and fees
BitcoinTry received a 7.75/10 score for its trading fees. While BitcoinTry 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 BitcoinTry trading fees?
We analyzed BitcoinTry’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.
BitcoinTry trading fees vs competitors
| Bitcointry | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,06-0,8 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,06-0,8 | 0,22 | 0 | 0.194 |
What are BitcoinTry deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | Network fees apply |
Does BitcoinTry offer P2P trading?
No, BitcoinTry 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
BitcoinTry received a 4/10 rating for its deposit and withdrawal services. BitcoinTry offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No P2P transfer option
- No support for bank card payments
Deposit and withdrawal options
BitcoinTry supports the following deposit and withdrawal options: Bank transfers, Crypto.
BitcoinTry Deposit and withdrawal options vs competitors
| BitcoinTry | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is BitcoinTry minimum deposit?
The minimum deposit at BitcoinTry is 0 USD/USDT or 0 BTC. The minimum trade size is 0 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BitcoinTry minimum deposit vs competitors
| BitcoinTry | OKX | Kraken | |
| Minimum deposit, USD or USDT | 0 | 10 | 10 |
| Minimum deposit, BTC | 0 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 0 | 0,00001 | 1 |
Does BitcoinTry support fiat money?
BitcoinTry does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
BitcoinTry received a score of 2/10 in this category, indicating a modest offering of assets and markets. While BitcoinTry covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Staking available
- Other supported products
- Crypto futures not available
- Only 59 supported coins
BitcoinTry supported coins and markets vs competitors
We compared BitcoinTry 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.
| Bitcointry | OKX | Kraken | |
| Supported coins | 59 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
BitcoinTry passive income options vs competitors
We also compared BitcoinTry 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.
| Bitcointry | OKX | Kraken | |
| Staking | Yes | Yes | Yes |
| Yield farming | No | Yes | Yes |
| Copy trading | No | Yes | Yes |
Contacts
| Official site | https://bitcointry.com/en |
|---|
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