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
- $1
- TradingView
- There is no mandatory (KYC) verification, and no limit orders can be placed.
Our Evaluation of BITEXLIVE
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
BITEXLIVE is a high-risk cryptocurrency exchange with the TU Overall Score of 2.42 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BITEXLIVE 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.
BITEXLIVE suits both experienced and beginner traders, as it offers simple trading conditions and high security. It is a good choice for those who want to start trading cryptocurrencies quickly with any amount and without identity verification.
Brief Look at BITEXLIVE
BITEXLIVE is a centralized cryptocurrency exchange launched in June 2017. Based in Kazakhstan but registered in Germany, BITEXLIVE offers trading of popular digital assets like Bitcoin, Ethereum, and other cryptocurrencies. The exchange stands out for its simplified user onboarding process, as it does not require mandatory Know Your Customer (KYC) verification. While the platform provides trading tools for cryptocurrency pairs, it does not offer investment options such as staking or passive income.
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- Low trading fees start from 0.2% per trade.
- There is no mandatory verification.
- Support is available for popular cryptocurrencies.
- 99% of funds are securely stored in cold wallets
- There is no support for fiat currencies.
- Exchange lacks options for passive investors.
TU Expert Advice
Financial expert and analyst at Traders Union
BITEXLIVE has established itself as a convenient platform for cryptocurrency trading that does not require mandatory verification. This attracts many clients, especially beginners looking to start trading quickly without complex procedures. A major advantage of the exchange is its high level of security, with 99% of client funds stored in cold wallets and two-factor authentication used to protect accounts.
However, BITEXLIVE has some drawbacks. One of them is the lack of a mobile app, which limits convenience for traders who prefer managing their assets from their phones. This could be a barrier for those who favor mobile trading. Additionally, the platform does not support fiat currencies, making deposits and withdrawals less flexible for those who work with traditional currencies. The exchange also does not offer additional tools for earning passive income, such as staking or investment programs.
Nonetheless, BITEXLIVE may appeal to those looking for a simple and secure platform to trade popular cryptocurrencies with low fees. It is well-suited for traders who value simplicity and quick access to core cryptocurrency tools but do not require advanced investment features.
BITEXLIVE 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: | TradingView based web trading platform |
|---|---|
| 📊 Accounts: | Wallet BITEXLIVE |
| 💰 Account currency: | Cryptocurrencies (BTC, ETH, USDT, etc.) |
| 💵 Deposit / Withdrawal: | Deposit and withdrawal via cryptocurrencies |
| 🚀 Minimum deposit: | USDT 1 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Commission: | Spot: 0,3%-0,3% |
| 🔧 Instruments: | 25 supported coins. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Via browser |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market |
| ⭐ Trading features: | There is no mandatory (KYC) verification, and no limit orders can be placed. |
| 🎁 Contests and bonuses: | No |
BITEXLIVE is a platform for spot trading of 17 cryptocurrencies. The main trading pairs are BTC/USDT, ETH/USDT, and XRP/USDT. Leveraged trading is unavailable, and cryptocurrency derivatives trading (futures, options) is not supported.
BITEXLIVE Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, BITEXLIVE 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.
- 2FA
- Cold wallet storage
- No successful hacks history
- Not government-regulated
- No investor protection fund
BITEXLIVE Security Factors
We also compared BITEXLIVE against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BITEXLIVE | 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 BITEXLIVE a regulated crypto exchange?
BITEXLIVE is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean BITEXLIVE 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 BITEXLIVE?
Yes, KYC verification is mandatory at BITEXLIVE. 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 BITEXLIVE available?
BITEXLIVE complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Canada, 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 BITEXLIVE support.
Is BITEXLIVE available in the USA?
Yes, BITEXLIVE 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.
BITEXLIVE commissions and fees
BITEXLIVE received a 5.2/10 score for its trading fees. While BITEXLIVE is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
What are BITEXLIVE trading fees?
We analyzed BITEXLIVE’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.
BITEXLIVE trading fees vs competitors
| BITEXLIVE | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,3 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,3 | 0,22 | 0 | 0.194 |
What are BITEXLIVE deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,001 BTC 0,015 ETH |
Does BITEXLIVE offer P2P trading?
No, BITEXLIVE 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
BITEXLIVE received a 2.5/10 rating for its deposit and withdrawal services. BITEXLIVE offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Withdrawal fee applies
- No P2P transfer option
Deposit and withdrawal options
BITEXLIVE supports the following deposit and withdrawal options: Crypto.
BITEXLIVE Deposit and withdrawal options vs competitors
| BITEXLIVE | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is BITEXLIVE minimum deposit?
The minimum deposit at BITEXLIVE is 1 USD/USDT or 0,00001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BITEXLIVE minimum deposit vs competitors
| BITEXLIVE | OKX | Kraken | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 0,00001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does BITEXLIVE support fiat money?
BITEXLIVE does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
BITEXLIVE received a score of 0.5/10 in this category, indicating a modest offering of assets and markets. While BITEXLIVE covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Other supported products
- Fiat currencies not supported
- Crypto futures not available
BITEXLIVE supported coins and markets vs competitors
We compared BITEXLIVE 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.
| BITEXLIVE | OKX | Kraken | |
| Supported coins | 25 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
BITEXLIVE passive income options vs competitors
We also compared BITEXLIVE 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
| Official site | https://bitexlive.com/ |
|---|
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