Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- 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.
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.
TU Expert Verdict
BITEXLIVE carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
Top-5 Crypto Exchanges Traders Prefer
BITEXLIVE User Reviews
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BITEXLIVE Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.5.2 /10BITEXLIVE 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 CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.3 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.3 0.22 0.2 0.194 What are BITEXLIVE deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
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Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology5.3 /10With a 5.3/10 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.
- No successful hacks history
- 2FA
- Cold wallet storage
- No investor protection fund
- No facial recognition
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 Security Factors BITEXLIVE OKX Coinbase Tier-1 regulation NoNoYesGovernment-regulated NoYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesYes2FA YesYesYesFacial recognition NoYesNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoNoYesIs BITEXLIVE a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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.
Is BITEXLIVE available in the USA?
BITEXLIVE is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: OKX, Coinbase, Crypto.com .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.2.5 /10BITEXLIVE 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.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- No Google Pay option
- Bank transfers not available
Deposit and withdrawal options
BITEXLIVE supports the following deposit and withdrawal options: Crypto.
BITEXLIVE Deposit and withdrawal options vs competitors
BITEXLIVE OKX Coinbase Bank transfers NoNoYesBank card NoYesYesCrypto YesYesYesPayPal NoNoYesWhat is BITEXLIVE minimum deposit?
The minimum deposit at BITEXLIVE is 1 USD/USDT or 1 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 Coinbase Minimum deposit, USD or USDT 1 10 10 Minimum deposit, BTC 1 5 1 Minimum trade amount, USD/USDT 1 1 2 Does BITEXLIVE support fiat money?
BITEXLIVE does not support fiat currencies; only cryptocurrencies are accepted.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.0.5 /10BITEXLIVE 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
- Crypto options not available
- Fiat currencies not supported
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 Coinbase Supported coins 25 600+ 400+ Futures/Perpetual contracts NoYesYesOptions NoYesNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoNoPre-IPO 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.
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Customer Support
Score:We evaluated Customer Support at BITEXLIVE based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria6.2 /10BITEXLIVE offers a moderate level of customer support, covering basic communication channels and assistance options.
In TU testing, the exchange showed mixed results in support accessibility and responsiveness. Certain limitations in contact options, availability, or support resources may make it less convenient for users requiring immediate assistance.
- 24/7 customer support available
- Customer support available through standard contact channels
- Phone support unavailable
- Limited language support
BITEXLIVE Support Channels vs Competitors
BITEXLIVE OKX Coinbase Live Chat NoNoYesEmail Support NoNoNoPhone Support NoNoNoTicket System NoYesYes24/7 Support YesYesYesHelp Center / FAQ NoYesYesMultilingual Support NoNoYesContacts Official site https://bitexlive.com/
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