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
- $0.1
- Proprietary platform
- Cryptocurrency pairs and crypto/fiat currency pairs are available
Our Evaluation of Bitexbook
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
Bitexbook is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitexbook 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.
Bitexbook is a cryptocurrency exchange with three types of asset transactions, such as trading, exchanges, and Bitex codes. For trading, the company offers a trading web platform and a mobile application.
Brief Look at Bitexbook
Bitexbook has been operating in the financial services market for more than 5 years. The company is registered in Saint Vincent and the Grenadines, is part of StreamCapital Partners holding company, and is a member of the High Tech Park, which is a special tax and legal regime of the Republic of Belarus. The exchange offers trading such popular cryptocurrencies as Bitcoin, Tether, Ethereum, and others, as well as cryptocurrency/fiat asset pairs.
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- Availability of 80 trading pairs;
- Support for fiat currencies;
- Partnership program with rewards of up to 80% of the exchange’s fee;
- High-security level due to two-factor authentication (2FA);
- Free transfer of funds between user accounts using Bitex codes;
- 24/7 technical support.
- Fees for takers with small trading volumes up to 0.25%;
- Lack of investment programs;
- Restrictions for basic and anonymous account verification status.
TU Expert Advice
Financial expert and analyst at Traders Union
Bitexbook is a client-oriented cryptocurrency exchange, therefore, it provides favorable trading conditions, fast order processing, and prompt technical support. Throughout the entire period of the exchange’s activity, there were no serious complaints about the quality of its services.
The company provides 80 trading pairs (crypto/fiat and crypto/crypto) and flexible conditions, depending on volume. For makers, there are no fees; for takers, fees are 0%-0.25%. When trading the the nativeBPCoin, you can purchase a subscription and reduce the fee to 0%-0.1%. Also, when buying Silver and Gold packages, clients receive a rebate of 0.22%-0.25% for maker orders.
Bitexbook provides an opportunity not only to trade assets but also to use the cryptocurrency exchange service. Deposits and withdrawals can be made to bank cards, crypto wallets, and through various payment services. Bitexbook also has a two-level partnership program, and its White Label program provides the opportunity to create your own business with technical support and liquidity.
Bitexbook Summary
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: | Proprietary mobile and web platform |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | USD, RUB, UAH, BTC, cryptocurrencies, and BPCoin |
| 💵 Deposit / Withdrawal: | Crypto wallets, Visa, Mastercard, WebMoney, GEO Pay, Advcash, and Bitex codes |
| 🚀 Minimum deposit: | $0.1 |
| ⚖️ Leverage: | Up to 1:50 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Spot: 0,15%-0,2% |
| 🔧 Instruments: | 7 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | 10% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Limit and market execution |
| ⭐ Trading features: | Cryptocurrency pairs and crypto/fiat currency pairs are available |
| 🎁 Contests and bonuses: | Yes |
Bitexbook offers 80 trading pairs, spot trading (between market participants), P2P (peer-to-peer) exchange, and intra-exchange transfer using Bitex codes.
Bitexbook Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, Bitexbook demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- No successful hacks history
- 2FA
- Cold wallet storage
- Not U.S regulated
- No investor protection fund
Bitexbook Security Factors
We also compared Bitexbook against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bitexbook | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | 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 Bitexbook a regulated crypto exchange?
Bitexbook is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Bitexbook 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 Bitexbook?
Yes, KYC verification is mandatory at Bitexbook. 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 Bitexbook available?
Bitexbook complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Canada, Iran, Islamic republic, 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 Bitexbook support.
Is Bitexbook available in the USA?
Yes, Bitexbook 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.
Bitexbook commissions and fees
Bitexbook received a 6.25/10 score for its trading fees. While Bitexbook 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 Bitexbook trading fees?
We analyzed Bitexbook’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.
Bitexbook trading fees vs competitors
| Bitexbook | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,15 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,22 | 0 | 0.194 |
What are Bitexbook deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC |
Does Bitexbook offer P2P trading?
No, Bitexbook 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
Bitexbook received a 5.5/10 rating for its deposit and withdrawal services. While Bitexbook covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Bank cards accepted for instant deposits
- Withdrawal fee applies
- No P2P transfer option
- No Google Pay option
Deposit and withdrawal options
Bitexbook supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
Bitexbook Deposit and withdrawal options vs competitors
| Bitexbook | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Bitexbook minimum deposit?
The minimum deposit at Bitexbook is 1 USD/USDT or 0,0001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitexbook minimum deposit vs competitors
| Bitexbook | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Bitexbook support fiat money?
Bitexbook supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bitexbook received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Bitexbook 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
- Yield farming not available
- Only 7 supported coins
Bitexbook supported coins and markets vs competitors
We compared Bitexbook 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.
| Bitexbook | OKX | Kraken | |
| Supported coins | 7 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Bitexbook passive income options vs competitors
We also compared Bitexbook 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.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | CEDAR HILL CREST, VILLA, KINGSTOWN,ST.VINCENT AND GRENADINES P.O.BOX 1825 |
| Official site | https://bitexbook.com/ |
| Contacts |
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