deposit:
- ₿0.0001
Trading platform:
- TradingView
Bitcoiva Review 2024
deposit:
- ₿0.0001
Trading platform:
- TradingView
- 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:
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
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
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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.
Dynamics of Bitcoiva’s popularity among
Traders Union’s traders, according to 2023 data
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.
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
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 |
Contacts
Foundation date | 2014 |
Registration address | India |
Official site | https://www.bitcoiva.com/ |
Contacts |
Email:
support@bitcoiva.com,
|
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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.