Bitcoiva Review 2024
Minimum
deposit:
  • ₿0.0001

Trading platform:

  • TradingView

Bitcoiva Review 2024

Updated:
Updated: March 12, 2024

3.39

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • ₿0.0001

Trading platform:

  • TradingView
Trading features:
  • A lot of cryptocurrencies and coins, only INR from fiat, non-standard referral program, staking is planned, the exchange is easy to learn, average commissions

Summary of Bitcoiva Crypto Exchange

Bitcoiva is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.39 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitcoiva 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. Bitcoiva ranks 93 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

Bitcoiva is among the youngest cryptocurrency exchange in the region in the segment Nevertheless, it has already gained considerable fame due to favorable trading terms. Traders, including those from other countries, are attracted by the high speed of the trading terminal, adequate commission fees, and a large range of cryptocurrency-to-cryptocurrency pairs. The simplicity and functionality of both the trading terminal in the browser and the mobile application shall be considered as another advantage. The platform is progressing and is constantly increasing trading volumes. At the moment, a profitable one-level referral program has been launched; and investment programs based on staking are planned to be launched this year.

NOTE!

If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.

Traders Union experts recommend considering Top 3 companies from our rating:

Start Trading with RoboForex
Your capital is at risk.
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

The Bitcoiva exchange is a platform for spot trading with cryptocurrency-to-cryptocurrency and cryptocurrency-to-fiat pairs. There is also an integrated direct purchase service of cryptocurrency for fiats as well as a quick assets exchange service on the platform. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Bitcoin Cash, and other popular cryptocurrencies and coins are traded on the exchange. Only Indian rupees (INR) are represented in the range of fiats. The exchange has a single-tier referral program with bonus payments to the client and the invitee. There is no investment program yet, but Bitcoiva plans to launch a staking program soon. Trade commissions are fixed and don’t depend on the trade volumes but are distinguished by assets. Commissions are 0.25% on average for maker and taker.

💰 Account currency: Cryptocurrencies, INR
🚀 Minimum deposit: ₿0.0001 
⚖️ Leverage: 1:1
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, Indian rupee 
💹 Margin Call / Stop Out: No

👍 Advantages of trading with Bitcoiva:

  • you can trade all the most popular cryptocurrencies and coins on the exchange;
  • there are no restrictions on trading strategies or significant limits;
  • no deposit fees; trading commissions are on market average;
  • a profitable referral program with beneficial bonuses;
  • high level of protection for users’ funds;
  • simple and convenient trading terminal interface in browser;
  • the exchange offers mobile trading on iOS and Android;
  • in addition to spot trading, there is instant exchange and purchase;
  • a wide selection of deposit and withdrawal methods;

👎 Disadvantages of Bitcoiva:

  • only Indian rupees are represented as fiat.
  • no demo accounts for training;
  • the exchange is young, there are no detailed statistics.

Evaluation of the most influential parameters of Bitcoiva

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

2.06

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

3.60

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

3.38

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

3.54

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.90

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

4.12

/10

Trade with this broker, if:

  • You prefer less restrictions on trading strategies or significant limits. This exchange allows users the freedom to execute various trading strategies without encountering significant restrictions or limitations. Whether you're a day trader, swing trader, or employ other trading methods, you can operate freely on this platform.
  • You prefer no deposit fees, as users of this exchange can deposit funds into their accounts free of cost, which can help minimize trading costs and maximize the amount available for investment.

Do not trade with this broker, if:

  • You require access to a broader range of fiat currencies for trading. The limitation to only Indian rupees may restrict your trading options and hinder your ability to diversify your portfolio.
  • You require demo accounts, as with this broker, demo accounts are not available for training. The absence of demo accounts means that users are unable to practice trading strategies or familiarize themselves with the platform's features without risking real funds. This lack of training resources may prevent users who prefer to test their strategies in a risk-free environment before committing real capital.

Geographic Distribution of Bitcoiva Traders

Popularity in

98.5%
IN
India
0.5%
Others
Others

User Satisfaction i

19 comments
Total score:
6.3 /10

Share your experience

  • Best
  • Last
  • Oldest
Avatar
Avatar
deeze3
1 year ago

I worked with Bitcoiva for several years, at first there were no problems or disputes, I just traded and withdrew profits. But one day I couldn't get into my account. And he couldn't prove anything. Here is my story...

Avatar
Avatar
jordanqm60
1 year ago

Terrible company. Do not try to work with Bitcoiva. Funds are not withdrawn. If you are in profit, then the withdrawal request may hang for a week. In support, you ask about the application, but they don’t even want to figure it out, they are not interested in either the account number or the date the application was sent. They say wait...

Avatar
Avatar
Richardsils
2 years ago

Recently, I have been paying more attention to companies from the Asian region, as the cryptocurrency market is developing more actively there, and profitable offers appear more often. I have been working on the Bitcoiva exchange for the third month. This is an Indian company that has recently entered the digital market but is already competing with top crypto exchanges. I especially like the wide range of tokens because you can trade contracts paired with cryptocurrencies and fiat currencies. It's bad that fiat pairs are only based on the Indian rupee. I withdraw money to a crypto wallet. There are no problems with payments, which is very important.

Avatar
Avatar
brettlira6192373396
2 years ago

I never stay long on one crypto exchange. The conditions are similar almost everywhere, so I prefer to choose from those that provide safe trading. I benefit from changing companies because from time to time tempting offers frequently appear elsewhere. At Bitcoiva, for me, it was its exchange token, which was advertised in such a way that trading volumes for it began to grow right before my eyes. I think that Bitcoiva is of particular interest for long-term investments since now it can be bought at a price slightly above 30 USD.

Avatar
Avatar
meaganqo1
2 years ago

Bitcoiva has everything you need to profitably trade cryptocurrencies. I am satisfied with its low brokerage commissions, the size of which is the same for everyone. Many consider it unfair when there are no discounts on maker fees, but I, on the contrary, like it. Where there is separation, the taker commission is usually high, and I am more likely to act as a buyer, therefore, this will be a minus for me. I think that one more drawback is that unregistered users cannot communicate with the support service. There were questions about trading conditions, and to get answers, I had to create an account. It’s good that everything suited me, and I didn’t waste my time in vain.

Avatar
Avatar
TheGuruTrader
2 years ago

Bitcoiva is a company that can be fraudulent. I have not found anything that indicates registration or owners of Bitcoiva. Some kind of secrecy. I wrote to those support, asked where they are. But nobody answered me. Can't recommend this Bitcoiva company for working with cryptocurrency.

Avatar
Avatar
reedparrott881872043
2 years ago

I tried all the trading options that are offered on the Bitcoiva exchange, from spot trading to trading in cryptocurrency contracts. Market orders are executed quickly, and it is also possible to set limits and stop orders. The withdrawal fee is a little high, for example, ₿0.0007 on Bitcoins, while the average for its competitors is ₿0.0005, but this is not critical. I liked working on BCA, which is an Ethereum-based exchange token. I haven’t noticed any serious cons, so I recommend the Bitcoiva exchange to everyone.

Expert Review of Bitcoiva

Bitcoiva is a young cryptocurrency exchange founded in 2021. It belongs to the so-called new generation exchanges, as it is based on the proprietary blockchain platform. It works stably, there has been a progressive increase in the number of users. However, there is no data on a valid license and financial regulators.

During testing, Traders Union experts didn’t identify any technical vulnerabilities in the website's security system. Users also note the high stability of work, regardless of the time and market activity. Technical support works promptly, despite the absence of a call center.

There are a lot of cryptocurrencies and coins on the exchange, and the pool of coins is expanding through a free listing. Trading volumes are significant and continue to grow. The increase in customers is facilitated by a profitable referral program, which provides significant bonuses to both parties. Also, one of the lowest minimum deposits in the segment and the intuitiveness of the trading terminal interface are among the advantages for novice traders.

Experienced traders get all the main assets for trading, a built-in exchanger with a favorable rate, and functionality for directly buying cryptocurrency for fiat. Almost all the most popular options for depositing and withdrawing funds are available: The introduction of new fiat and staking-based investment programs is expected soon. At the moment, the website is not suitable for investors.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Bitcoiva’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Crypto Exchange

Bitcoiva doesn’t offer investment solutions at the moment, but it has already been announced. This year, the website is going to introduce a staking system so that exchange clients can loan their funds to third-party blockchain projects, with interest accrued on the amount deposited. If you are interested in investing, subscribe to the exchange's newsletter on social networks.

Important!

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.

Bitcoiva’s affiliate programs:

The cryptocurrency exchange offers a non-standard referral program. It is one-level. That is, you can get bonuses only for users whom you invited to the site. You don’t have access to payments for users invited to the website by your referrals. The referral status is unlimited and it constantly brings bonuses to the invitee while trading on the site.

To participate in the program, open your personal account, find a referral link in the corresponding section. Copy it and share by any means, for example, in personal correspondence, through social networks, and forums. Each user who registers on the exchange by clicking on this link automatically becomes your referral. All information on referrals and payments for them shall be displayed in the personal account.

The amount of payments depends on the VIP referral status. There are 4 levels of status, and they differ by the following indicators:

  • VIP1 – payments 50%, the requirement is to trade volume from ₿100 in 30 days.

  • VIP2 – payments 60%, the requirement is to trade volume from ₿300 in 30 days.

  • VIP3 – payments 70%, the requirement is to trade volume from ₿500 in 30 days.

  • VIP4 – payments 100%, the requirement is to trade volume from ₿1000 in 30 days.

Please note that this is not a percentage of commission fees (as on other exchanges). And this is the percentage of the referral's total income. It is like the final bonus and calculated according to a special formula. Find more in the "Referral Program" section on the official website of the exchange.

Trading Conditions for Bitcoiva Users

Go through standard registration and verification to trade on the Bitcoiva exchange. Then deposit not less than ₿0.0001 or equivalent in any other asset, including INR. The platform does not provide leverage. This means that you can only rely on your funds when trading. According to the reviews, the technical support of the exchange responds thoroughly and promptly. You can contact it by email or by sending a request on the website through the ticket system. Please study the trading terms in the table below.

₿0.0001

Minimum
deposit

1:1

Leverage

24/7

Support

💻 Trading platform: TradingView terminal
📊 Accounts: Standard
💰 Account currency: Cryptocurrencies, INR
💵 Replenishment / Withdrawal: Bank cards and accounts, electronic and cryptocurrency wallets
🚀 Minimum deposit: ₿0.0001 
⚖️ Leverage: 1:1
💼 PAMM-accounts: No
📈️ Min Order: From 0
💱 Spread: Market
🔧 Instruments: Cryptocurrencies, Indian rupee 
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: n/a
⭐ Trading features: A lot of cryptocurrencies and coins, only INR from fiat, non-standard referral program, staking is planned, the exchange is easy to learn, average commissions
🎁 Contests and bonuses: n/a

Broker comparison table of trading instruments

Bitcoiva Bybit MEXC Binance StormGain CoinEx
Forex No No No Yes No No
Metalls No No No No No No
Crypto Yes Yes Yes Yes Yes Yes
CFD No No No No No No
Indexes No No No No No No
Stock No No No No No No
ETF No No No No No No
Options No No No No No No

Bitcoiva Commissions & Fees

Information
Fixed commissions for trade transactions are one of the features of the exchange. They do not depend on the trading volume. A novice trader and a trader who has been actively trading on the site since its foundation has equal terms for fees. Also, the fee doesn’t differ for the taker and the maker, which is atypical for cryptocurrency exchanges. The only factor that affects the commission is the basic asset in the pair. For example, the commission is 0.25% for BTC/USDT and BTC/INR.
The commissions in the exchange service are different from the exchange commissions. For most pairs, they are 1%. For some pairs, commissions are increased up to 3%: for example, for BDX/USDT, BDX/BTC, BDX/INR. The fees are the same for pairs with fiat. Peer-to-peer trading has its own commission terms. Find more in the "Fees" section on the exchange website.
Account type Spread (minimum value) Withdrawal commission
Standard Up to 0.25% per application Yes

The cryptocurrency exchange doesn’t charge commissions for depositing funds, regardless of the channel used. Although there are withdrawal fees. Withdrawal fees and limits differ for different assets. For example, you cannot withdraw less than ₿0.001 or more than ₿2 per day. And the Bitcoin withdrawal fee is ₿0.0007. For the rest of the assets provided on the site, the commissions differ, they are not equivalent to the commission for Bitcoin but depend on the state of the market.

Broker Average commission Level
Bitcoiva $0.25 Medium
Bybit $20 High
Bitfinex $0.1 Low
Logo Bitcoiva
$0.25
$20
$0.1

Contacts

Foundation date 2014
Registration address India
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Bitcoiva Review Bitcoiva Review

Articles that may help you

Best Crypto Scalping Strategies and Tools for Beginners
For Beginners
Best Crypto Scalping Strategies and Tools for Beginners
Ivan Andriyenko - April 2024
Best AI Crypto Trading Bots Reviewed
For Beginners
Best AI Crypto Trading Bots Reviewed
Alamin Morshed - April 2024
What is Binance Coin (BNB)? Is it a Good Investment in 2024?
For Beginners
What is Binance Coin (BNB)? Is it a Good Investment in 2024?
Chinmay Soni - April 2024
Is Crypto.com Safe? Is it Legit or Scam?
For Beginners
Is Crypto.com Safe? Is it Legit or Scam?
Ivan Andriyenko - April 2024
Honest Review of the 6 Best Crypto Arbitrage Scanners
For Beginners
Honest Review of the 6 Best Crypto Arbitrage Scanners
Vuk Martin - April 2024
TOP 10 Best Penny Cryptocurrency to Invest in 2024
For Beginners
TOP 10 Best Penny Cryptocurrency to Invest in 2024
Chinmay Soni - April 2024
Complete Guide to Bitcoin for Dummies
For Beginners
Complete Guide to Bitcoin for Dummies
Chinmay Soni - April 2024
Crypto Wallet Definition and Security Rules
For Beginners
Crypto Wallet Definition and Security Rules
Chinmay Soni - April 2024
Learn This Fact Before Downloading Exodus Wallet
For Beginners
Learn This Fact Before Downloading Exodus Wallet
Alamin Morshed - April 2024

FAQs

Do reviews by traders influence the Bitcoiva rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Bitcoiva you need to go to the broker's profile.

How to leave a review about Bitcoiva on the Traders Union website?

To leave a review about Bitcoiva, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Bitcoiva on a non-Traders Union client?

Anyone can leave feedback about Bitcoiva on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Traders Union Recommends: Choose the Best!

Logo Bybit
Open an account
Your capital is at risk.
Logo OKX
Open an account
Your capital is at risk.
Logo Binance
Open an account
Your capital is at risk.