Bitexbook Review 2024
Minimum
deposit:
  • $0.1

Trading platform:

  • Proprietary platform

Bitexbook Review 2024

Updated:
Updated: October 06, 2023

4.12

/

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:
  • $0.1

Trading platform:

  • Proprietary platform
Trading features:
  • Cryptocurrency pairs and crypto/fiat currency pairs are available

Summary of Bitexbook Crypto Exchange

Bitexbook is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4.12 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 ranks 50 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

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.

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.
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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.

💰 Account currency: USD, RUB, UAH, BTC, cryptocurrencies, and BPCoin
🚀 Minimum deposit: $0.1
⚖️ Leverage: Up to 1:50
💱 Spread: 0-0.25%
🔧 Instruments: Cryptocurrencies, fiat currencies (USD, RUB, BTC, and UAH), and BPCoin
💹 Margin Call / Stop Out: 10%

👍 Advantages of trading with Bitexbook:

  • 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.

👎 Disadvantages of Bitexbook:

  • Fees for takers with small trading volumes up to 0.25%;
  • Lack of investment programs;
  • Restrictions for basic and anonymous account verification status.

Evaluation of the most influential parameters of Bitexbook

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.

2.99

/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.

6.30

/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.

6.08

/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.

6.24

/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.

6.60

/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.

6.82

/10

Geographic Distribution of Bitexbook Traders

Popularity in

76.7%
RU
Russian Federation
19%
UA
Ukraine
0.5%
US
United States
0.8%
Others
Others

User Satisfaction i

3 comments
Total score:
3.3 /10

Share your experience

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yapasmile
16 weeks ago

Bitexbook's customer support was woefully inadequate. Response times were slow, and when assistance was finally provided, it often lacked effectiveness in resolving my inquiries or issues promptly.

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lakeshakindler55
2 years ago

BITEXBOOK is more aimed at CIS traders, and in terms of security, there are twofold feelings: there is a two-factor system, which is already good, but offshore registration does not inspire confidence. A two-tier affiliate program? Sounds good, but I'm not sure yet that I would offer BITEXBOOK to my friends. Because in two weeks of trading here, my terminal hung up twice and profitable deals failed. So far I am referring to the work of the stock exchange on New Year's holidays, but if this continues, it is unlikely that I will stay here for a long time. I tested the withdrawal, small amounts are withdrawn calmly. I am not ready to deposit large sums into BITEXBOOK. The fees are low, but I'd rather pay more to get my money's worth.

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trade16
2 years ago

I've been trading on Bitexbook for about a year. there were no problems. But recently, they have begun. Problems with deposits and withdrawals. The money seems to be there, but it is not clear how to take it or use it. In short, I'm looking for another broker.

Expert Review of Bitexbook

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.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Bitexbook’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

Currently, the company does not offer any investment programs. However, the exchange has its native BPCoin, the use of which provides for the accrual of 15% per annum on the account balance.

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.

Partnership program from Bitexbook

  • White Label. This is a ready-made solution for creating a cryptocurrency exchange in just 60 days. The company provides its infrastructure and technical support for starting a business, allows connecting to a liquidity aggregator, and guarantees the safety of client funds;

  • Two-level referral program. The company pays a percentage of its own fee for trading volumes of attracted clients and second-level referrals (clients who were attracted by referees). Partnership rewards for referrals of the first level depend on the trading volume and range from 50% (when trading up to 5 BTC) to 60% (when trading from 100 BTC). For referrals of the second level, the rewards are from 10% (when trading up to 15 BTC) to 20% (when trading from 500 BTC). Fees are calculated daily and are available for withdrawal.

For partners, there is a unique offer that provides for receiving a double partner reward on an ongoing basis. To do this, attract 10 referees, who fund their accounts with 0.01 BTC. As soon as their trading volume reaches more than 2 BTC, and partners enter the first 1,000 of those who have fulfilled these conditions, they will receive a double partner reward.

Trading Conditions for Bitexbook Users

Bitexbook offers 80 trading pairs, spot trading (between market participants), P2P (peer-to-peer) exchange, and intra-exchange transfer using Bitex codes.

$0.1

Minimum
deposit

1:50

Leverage

24/7

Support

💻 Trading platform: Proprietary mobile and web platform
📊 Accounts: Standard
💰 Account currency: USD, RUB, UAH, BTC, cryptocurrencies, and BPCoin
💵 Replenishment / 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
💱 Spread: 0-0.25%
🔧 Instruments: Cryptocurrencies, fiat currencies (USD, RUB, BTC, and UAH), and BPCoin
💹 Margin Call / Stop Out: 10%
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Limit and market execution
⭐ Trading features: Cryptocurrency pairs and crypto/fiat currency pairs are available
🎁 Contests and bonuses: Yes
Your capital is at risk. 

Broker comparison table of trading instruments

Bitexbook Bybit MEXC Binance Coinbase Poloniex
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

Bitexbook Commissions & Fees

Information
TU’s specialists conducted a comparative analysis of Bitexbook’s fees. The company does not have a trading fee for makers who create limit orders; but for takers who create market orders, the fee depends on trading volumes. Detailed information on size and rules for calculating fees is available on the “Commissions” page. On Bitexbook, deposit and withdrawal fees, as well as minimum limits, depend on the type of asset and payment service.
Account type Spread (minimum value) Withdrawal commission
Standard 0.125% Yes

Also, TU’s analysts compared Bitexbook’s fees with two other cryptocurrency exchanges and compiled a comparative table with the following results.

Broker Average commission Level
Bitexbook $0.125 Low
Binance $6 Medium
Bybit $20 High
Logo Bitexbook
$0.125
$6
$20

Contacts

Foundation date 2018
Registration address CEDAR HILL CREST, VILLA, KINGSTOWN,ST.VINCENT AND GRENADINES P.O.BOX 1825
Official site
Contacts
Your capital is at risk. 
Disclaimer:

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.

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.
Bitexbook Review Bitexbook Review

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FAQs

Do reviews by traders influence the Bitexbook rating?

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

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

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

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

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

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