BitoPro Review 2024

3.37

TU Overall Score

Minimum
deposit:

Trading platform:

TradingView

CHOOSE THE RIGHT CRYPTO EXCHANGE

BitoPro Review 2024

Ivan Andriyenko

Contributor

Ivan Andriyenko Author at Traders Union

Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.

Reviewed by Dr. BJ Johnson

Editor

Dr. BJ Johnson Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

Fact-checked by Tobi Opeyemi Amure

Cryptocurrency and stock expert

Tobi Opeyemi Amure Cryptocurrency and stock expert

Tobi Opeyemi Amure is an editor and expert writer with over 7 years of experience. In 2023, Tobi joined the Traders Union team as an editor and fact checker, making sure to deliver trustworthy and reliable content. The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options.

Updated: October 06, 2023

Ivan Andriyenko

Contributor

Dr. BJ Johnson Reviewed by Editor

Tobi Opeyemi Amure Fact-checked by Cryptocurrency and stock expert

in rating

3.37

TU Overall Score

Minimum
deposit:

Trading platform:

TradingView

Trading features:

Variety of cryptocurrencies and coins, Taiwanese dollar, no referral program, many staking programs with a good percentage, a call center

Summary of BitoPro Crypto Exchange

BitoPro is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.37 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BitoPro 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. BitoPro ranks 95 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

The BitoPro cryptocurrency exchange is a typical platform for cryptocurrency and coin trading. It is among the leading companies in the Asian region and cooperates with traders from all over the world. It is officially registered and operates based on regional law. All major cryptocurrencies and coins are available for trading and there are many options for depositing/withdrawing funds (excluding plastic cards). Commissions are objectively low. There are several simple options to further reduce them and make trading even more profitable. The exchange is convenient both for active traders and investors.

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:

All rating brokers

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Your capital is at risk.

Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

The BitoPro exchange is designed for active cryptocurrency trading and investing in blockchain projects. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Ripple, EOS, MATIK, and many other cryptocurrencies and coins are traded on the site. Investing is represented by classic staking (the user lends to the exchange partners). There is only the Taiwan dollar (TWD) among fiats. There is no minimum deposit, commissions are below average for the segment and depend on the trading volume. The fees are 0.1%/0.2% (maker/taker) for a novice trader. Fees can be reduced not only by increasing the trading volume but also by trading the token of the BITO platform and through Traders Union’s rebate program. The exchange operates transparently and there is a multi-channel call center and technical support service.

💰 Account currency:	Cryptocurrencies, TWD
🚀 Minimum deposit:	No
⚖️ Leverage:	No
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies, fiat currencies
💹 Margin Call / Stop Out:	No

👍 Advantages of trading with BitoPro:

large trading volumes, and a significant range of cryptocurrencies and coins;
a comprehensive catalog of investment solutions with different assets;
low commission fees and several options for reducing commissions;
high stability of the TradingView terminal in the browser;
proprietary application for mobile trading;
no minimum deposit, simple account verification;
high level of platform information security;
many options to contact technical support (phone, email, tickets).

👎 Disadvantages of BitoPro:

only the Taiwan dollar is used as a fiat;
demo accounts are not available;
the site is not localized.

Evaluation of the most influential parameters of BitoPro

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.

2.04

/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.

3.58

/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.

3.36

/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.

3.52

/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.

3.88

/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.

4.10

/10

Geographic Distribution
Latest Comments
Expert Review
Latest BitoPro News
Analysis of BitoPro
Dynamics of the Popularity
Investment Programs
Trading Conditions
Commissions & Fees
User Reviews of BitoPro
FAQs
TU Recommends

Geographic Distribution of BitoPro Traders

84.3%

Taiwan, Province of China

18.8%

Thailand

2.9%

Others

User Satisfaction i

18 comments

Total score:

6.6 /10

Share your experience

Best
Last
Oldest

yasharop

1 year ago

I have a bad experience with the broker BitoPro. Here the constant is asked to replenish the trading account under any pretext. I really do not like this, given the fact that the trade is of poor quality. I replenished several times, reached 5000, but then I realized where I got to.

sehar65

2 years ago

BitoPro's trading conditions are consistent with the company's reputation, that is, they are at the top. I rarely trade. For the most part, I invest in the development of the blockchain, for which BitoPro pays good dividends. The project 2 years ago attracted my attention by the fact that it does not require large amounts to be deposited and makes it possible to invest for a short period - from one week. There were no problems with the withdrawal of funds, as well as with the support service. I asked for help several times on trifles, but the issues were always resolved promptly. I recommend BitoPro as a reliable broker.

tuyul_golek_utangan

2 years ago

I don't have much experience in cryptocurrency trading yet. I am only familiar with the theory, but I decided to practice with BitoPro. There are no training materials on the company's website, but for dummies like me, I will answer that you need to learn from special courses, and not from brokerage resources. You need to trade, and for this, the company provides all the proper conditions. Even with my level of preparation, I feel comfortable here. The only drawback of BitoPro is the lack of trading leverage. At this stage, I am still afraid to invest large capital, so I would not refuse to trade on borrowed funds.

genderuwo_doyan_duit

2 years ago

I think that most BitoPro clients opened accounts here because this crypto exchange is time-tested and has one of the lowest commissions among similar sites. I was no exception and started trading precisely because of its flexible trading conditions, under which you can minimize the level of the brokerage commission and then subtract another 20% from it if you include the native token in your calculations. For the withdrawal of coins, the price is also democratic ₿0.0004, if withdrawn in Bitcoins. Remember that the average for the market is ₿0.0006. There have never been any withdrawal delays for me. Technical support works quickly and efficiently.

ajantha

2 years ago

BitoPro are just robbers. To steal ALL of your money, you only need to manipulate 100% / leverage (100% divided by leverage). With a large leverage, such manipulation is very difficult to immediately notice for an inexperienced and gullible investor. This is a sure sign of thieves, it is the impossibility to change the shoulder. You can also be convinced by very carefully comparing the values on the same interval with other traders. I have not found the same. Don't be fooled.

kampret

2 years ago

There are no exclusive offers on the BitoPro exchange, but if I take an average of all the parameters that are important to me, I don’t see any better options. All standard functions are integrated into the TradingView trading terminal, and the entire list of orders is also available. I mainly trade Bitcoin (₿). But for those who like to diversify trading, BitoPro offers a long list that starts with popular pairs and ends with exotic ones. It’s convenient for me to work on this crypto exchange, plus I have an independent income, so I’ll give BitoPro credit for its comfortable conditions and excellent service.

asjfaucuk

2 years ago

The BitoPro exchange is unreliable and even raises doubts about decency. I have seen reviews that funds transfers are blocked here. But I already had an account with BitoPro, I needed to make an exchange. I have placed a request for a withdrawal of money. But more than a month has passed, and the money has not arrived. Is the BitoPro exchange cheating?

Expert Review of BitoPro

In 2014, BitoEX launched a self-named service, which was a cryptocurrency wallet with extensive functionality for the business segment. In 2017, based on the service, the BitoPro cryptocurrency exchange was launched with its own BITO token and the support of leading regional investors. The BitoEX wallet is still functioning and accounts can be linked to it.

The cryptocurrency exchange is among the leading players in the Asian region. Its head offices are located in Hong Kong and Singapore. The company is subject to local legislation. It is licensed but there is no data on international regulators. Up to now, there have been no registered cases of fraud or default on obligations to customers.

The exchange is universal and shall be considered suitable both for novice traders and experienced traders. There are fewer cryptocurrency-to-cryptocurrency pairs than are at some of its competitors, but there are all the most popular assets in the global market. There is only one Fiat – the Taiwanese dollar. Many methods to deposit/withdraw funds are available, excluding deposits and withdrawals using bank cards, but bank accounts are available.

Investing is represented by classic staking. The exchange offers many programs that differ in asset, interest rate, and deposit period. Partners are verified, but the company doesn’t have a reserve fund and direct methods of protecting investors from possible losses. Up until now, no evidence of non-payment has been found. Therefore, the site is very popular among investors.

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of BitoPro’s popularity among
Traders Union’s traders, according to 2023 data

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

There is an investment service on the platform called BitoDebt. It operates on the principle of classic staking. The client of the exchange lends funds for the development of the blockchain’s projects. The exchange itself acts as an intermediary. Blockchain projects agree with the exchange, undergo a multilevel verification procedure, and in case of a positive result, their programs shall be included in the general list.

The programs are constantly updated since the partners of the website need loans of limited volume in most cases. As soon as the required amount is collected, the program closes. Usually, the total amount of investments required for a specific project doesn’t exceed 100-150 thousand USDT or the equivalent of another asset.

Programs differ by 3 indicators:

an asset that the client lends to the project;
minimum deposit (there is usually no maximum);
program period and interest rate.

In most cases, the term of the deposit is 7, 13, or 55 days. The program can be closed before the expiration of the deposit period. In this case, the deposit shall be returned before the expiration date, and the investor will get fewer payments. The interest rate varies, it can be 6.5%, 7%, 8%, and more. Rates over 10% are rare. Usually, they are applied to blockchain projects that need urgent loans.

The cryptocurrency exchange charges 20% of the amount paid to the investor as a commission. It is impossible to withdraw the deposit before the expiration of the period specified in the terms. The deposit is returned after the expiration date along with interest. Extra steps are not required to participate in the program. Just follow the BitoDebt section and select a program. It is only necessary that the account has a sufficient amount of the asset that will be loaned.

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.

BitoPro’s affiliate programs:

The cryptocurrency exchange doesn’t offer referral programs, which is not typical for modern platforms focused on attracting traders by all means. Clients of the exchange can invite other users to the site, but they will not get any bonuses or benefits from this. Some experts regard the absence of an affiliate program as an indicator of the company's confidence in its abilities and a stable progressive development confirmation.

Trading Conditions for BitoPro Users

The BitoPro cryptocurrency exchange has simplified the registration process as much as possible. There is no complex multi-level verification required, no need to make a certain minimum deposit. After registration, you fully control your financial goals and policy by determining the amount and how funds are deposited. No leverage is provided and you can trade only with your funds. The company has a multi-channel call center operating on weekdays. Technical support is also provided through emails and tickets on the site. Managers don’t respond by email on weekends and holidays.

Minimum
deposit

1:1

Leverage

24/7

Support

💻 Trading platform:	TradingView in browser
📊 Accounts:	Standard
💰 Account currency:	Cryptocurrencies, TWD
💵 Replenishment / Withdrawal:	Bank accounts, electronic and cryptocurrency wallets
🚀 Minimum deposit:	No
⚖️ Leverage:	No
💼 PAMM-accounts:	No
📈️ Min Order:	From 0
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies, fiat currencies
💹 Margin Call / Stop Out:	No
🏛 Liquidity provider:	No
📱 Mobile trading:	Yes
➕ Affiliate program:	No
📋 Orders execution:	n/a
⭐ Trading features:	Variety of cryptocurrencies and coins, Taiwanese dollar, no referral program, many staking programs with a good percentage, a call center
🎁 Contests and bonuses:	Bug Bounty, Traders Union rebates program

Broker comparison table of trading instruments

	BitoPro	Bybit	OKX	XT.com	BitGet	WhiteBIT
Forex	No	No	No	No	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

BitoPro Commissions & Fees

Information

Exchange commissions don’t depend on the assets traded by the client. The main determining factor is your activity and the volume of your monthly trades, which assumes seven trading levels, including zero. The highest commissions at zero level are 0.1%/0.2% for the maker/taker. This level corresponds to a trading volume of less than TWD 3,000,000.
At the highest (sixth) level, the fees are 0.03%/0.11% for the maker/taker. Having set a goal to get to this level, you need to trade a volume of over TWD 1,300,000,000 within 30 days.
An alternative indicator is BITO trading. For example, the second level can be obtained not by trading TWD 3,000,000, but by making deals for 7,500 BITO. Please note that transactions with BITO are taken into account only for the past day.

Account type	Spread (minimum value)	Withdrawal commission
Standard	up to 0.2% per application	Yes

Website fees can be reduced in two more ways, in addition to increasing the trading volume. The first option is rebates from the Traders Union. And the second way is to trade BITO. You get a 20% discount on the commission for all operations where this currency is involved.
There are no commissions for depositing funds, but there are commissions for withdrawals (as well as restrictions on the volume of each withdrawal). Details can be found in the "Limitations and Commissions" section. For example, a client cannot withdraw less than ₿0.0005, and the withdrawal commission for this asset is ₿0.0004 BTC. Each asset has its own terms and conditions.

Broker	Average commission	Level
BitoPro	$0.2	Medium
Bybit	$20	High
Bitfinex	$0.1	Low

$0.2

$20

$0.1

Contacts

Foundation date	2018
Registration address	Taipei, T'ai-pei, Taiwan
Official site	https://www.bitopro.com/
Contacts	Email: support@bitopro.com, Phone: +886-2-86668968

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FAQs

Do reviews by traders influence the BitoPro rating?

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

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

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

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

Anyone can leave feedback about BitoPro 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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BitoPro Review 2024