FatBTC Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • TradingView

FatBTC Review 2024

Updated:
Updated: October 06, 2023

3.48

/

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:
  • $1

Trading platform:

  • TradingView
Trading features:
  • Tons of cryptocurrencies and two fiat currencies, free listing, universal investment program, profitable referral program, low fees, which can be reduced even more in several ways 

Summary of FatBTC Crypto Exchange

FatBTC is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.48 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FatBTC 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. FatBTC ranks 84 among 170 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.

FatBTC crypto exchange offers a standard trading terminal with favorable conditions for active trading. Users are attracted by low commissions, which can be further reduced by using the site's token when redeeming them. As well as large trading volumes with high stability of the exchange. The number of available assets is constantly increasing, and the user can become a partner of the site by receiving a set of tools from FatCloud to open their exchange. Acquiring VIP status with the trading volume from ₿100 allows the advantage of a 0% fee.

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:

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The FatBTC cryptocurrency exchange is a multifunctional platform for exchanges, commodities, and over-the-counter cryptocurrency trading. You can trade Bitcoin (₿), Ethereum (Ξ), USDS, DOGE, dozens of other cryptocurrencies and tokens. Only the USD and EUR are presented from among the fiat currencies. The site has its proprietary FAT coin, which can be used to reduce fees by 50%. The trading fees themselves are lower than the market average of 0.2% fixed cost for most assets. In addition to the trading terminal in the browser, there is a mobile trading app. The company offers a flexible listing via its proprietary program of open partnership called the FatCloud. The referral program is standard and only one-level. Its investment direction is represented by the Piggy Bank FatBTC program.

💰 Account currency: Cryptos, USD, and EUR
🚀 Minimum deposit: No
⚖️ Leverage: No
💱 Spread: Market
🔧 Instruments: Cryptos, currencies
💹 Margin Call / Stop Out: No

👍 Advantages of trading with FatBTC:

  • loads of cryptocurrencies and tokens; the site's FAT token, which can be used to reduce trading commissions;
  • simplistic, intuitive trading terminal, plus an app for mobile trading;
  • low fees — fixed at 0.2% for taker and maker (for some assets there are special conditions);
  • the token pool is constantly updated due to free listing (you can put your coin on the platform in a few clicks);
  • it is not compulsory to pass the KYC verification to trade (but there will be a limit on the withdrawal — up to 2 BTC per day);
  • the high-performance engine provides stability of the platform even under peak loads; trading is 24/7;
  • a profitable referral program that allows you to earn 50% of your partners' fees.

👎 Disadvantages of FatBTC:

  • No demo accounts or specialized solutions for novice traders;
  • No call center, you can get in touch with the technical support only through tickets, email, and the Telegram channel.

Evaluation of the most influential parameters of FatBTC

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.

2.15

/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.

4.10

/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.

3.88

/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.

4.04

/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.

4.40

/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.

4.62

/10

Geographic Distribution of FatBTC Traders

Popularity in

24.71%
RU
Russian Federation
10.74%
UA
Ukraine
4.12%
BE
Belgium
3.68%
KZ
Kazakhstan
3.66%
BR
Brazil
0.1%
AU
Australia
0.1%
TR
Turkey
0.1%
CA
Canada
0.93%
IT
Italy
0.47%
ES
Spain
42.39%
Others
Others

User Satisfaction i

19 comments
Total score:
6.5 /10

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ZannalSn
1 year ago

A couple of days ago, I funded my trading account with $500, for some time I increased the account to $700, but the next day there was no money in my account at all. The broker deducted all the money from the account! The support stopped getting in touch with me. Draw your own conclusions.

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PeraturPn
1 year ago

I had $700 in my account. After the weekend, I enter the trading terminal, and there are 300 bucks left on my account. I decided to check the history, it turns out that there were two unprofitable trades opened, which gobbled up most of the deposit, but I did not open these trades. FatBTC decided to help me out!

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cod6mw2
2 years ago

I have been working with FatBTC for 4 months and everything suits me. The exchange is decentralized, so the funds are stored in a cold wallet and I am calm about their safety. My personal data is protected by 2FA authentication, and the exchange itself has a good reputation for safety. There is no leverage here, so volumes cannot yet be raised beyond a 1:1 level, but you can reduce the trading commission by using the exchange token. The terminal works stably, and I have no further comments about FatBTC’s working conditions. One drawback of this crypto exchange is that it is expensive to exchange tokens here, so I use other resources for that purpose.

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DevelopmentAtlantic
2 years ago

This is not a crypto exchange, but a real scam. Not only does FatBTC have a weird rate for most cryptocurrencies, it also charges a huge commission. I bought bitcoin and withdrew coins to my wallet. When I counted how much I had lost, I was horrified. Only on commission for withdrawal, I lost 15%. The FatBTC exchange is scammers!!

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mamadgr8
2 years ago

FatBTC is a reliable crypto exchange with a long experience in the digital market and an impressive trading volume. It is suitable for me as a small but stable additional income. I do not plan to trade on a large scale yet, since for this I will have to entrust my personal data to FatBTC, but to get a daily income of 30-40 bucks, it is quite okay for me. Plus, I enjoy the small commissions and the large selection of instruments. FatBTC also offers trading through its browser-based TradingView, which is as convenient and functional as possible.

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VanJoel
2 years ago

I haven’t come across Chinese brokers before, so for a long time, I couldn’t figure out where to find the necessary information on the site. Now that problem has been corrected, so it can not now be considered a disadvantage. But the conditions that FatBTC offers are rarely found in other competitors, such as the broker allows the client to decide what fees he will pay for trading, and the higher the activity and volume of transactions, the lower the commissions will be. And if you use the broker's token in the calculations, the commission will drop to 0.1%. Already I’m paying almost nothing for trading, and soon I hope to bring my fees to zero.

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kishore107
2 years ago

Very poor performance of the FatBTC platform. I registered quickly, but I still can't go through verification. The support service doesn't work at all. I have sent all the required documents. But he didn't even write to me what was wrong. It just didn't pass the verification and that's it. FatBTC has a terrible service.

Expert Review of FatBTC

The FatBTC cryptocurrency exchange was founded back in 2013, and is headquartered in Seychelles. The company operates under a license from an international regulator. The license number is valid, the activity of the crypto exchange is transparent, and there are no unresolved conflicts with users or evidence of defaults.

The platform offers trading through TradingView, a standard browser terminal without modifications and the possibility of synchronization with desktop terminals. There is also a mobile app for iOS and Android. Both are rated as comfortable and stable. There are all the necessary features, including charts with dozens of indicators and an order book.

The fees are below the average for the segment, for most assets they are 0.2%. Commissions are fixed, and there are no trading levels. The site does not charge a commission for depositing funds, withdrawal fees depend on the asset. The FAT token allows you to reduce trading fees by 50%, additional savings on fees are possible due to the rebates from Traders Union.

FatBTC has implemented a generic referral program, it's only one level, open-ended, and with 50% of partner's trading fees paid. The Piggy Bank FatBTC program allows you to earn unused tokens by investing in the projects of the site. The exchange's relative disadvantages are no call center and no other fiat currencies except for the USD and EUR.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of FatBTC’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

The FatBTC crypto exchange offers only one investment solution, the Piggy Bank FatBTC program. Any registered user can participate in this program (KYC verification is not required).

Under the program, a cryptocurrency exchange client must present their cryptocurrency assets. The exchange uses the borrowed funds at its discretion (for example, to finance third-party blockchain projects or for mining). A customer just needs to choose an asset and make a deposit using the Piggy Bank service. The term of participation in the program can be from 1 to 365 days. The deposit is blocked during the time of participation, so it is temporarily impossible to use it for exchange and trading. Withdrawals are also not available during this period. 

Program yield ranges from 1 to 25%. The interest rate depends on the asset, deposit period, and market conditions. The interest rates are constantly changing but are fixed for the client as soon as he joins the program by making a deposit (the limits within which the rate may vary are stipulated in the terms of the program).

There are no restrictions on participation in Piggy Bank FatBTC, but it is necessary to read the terms of the program in the section of the site with the same name beforehand.

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.

FatBTC’s affiliate programs:

The referral program of FatBTC crypto exchange is standard and differs from similar programs of its competitors only by higher earnings. To participate in it, you need to go to the "Partner Exchange" section of the site. This section will contain a personal referral link of a partner. This link should be used to attract new clients to the crypto exchange by place it on any platform and in any applications, including social networks and messengers. Each user who follows this link and registers on the exchange site will become an attractive referral.

For each active referral, the crypto-exchange will pay the partner a reward equal to 50% of trading commissions. Payments are made in the transaction currency. The program has no expiration date, i.e. a partner receives income from his referral for as long as the referral trades on this platform. The program has only one level, which means that a partner will not receive income from commissions of users who were invited to the site by his first-level referrals. The number of referrals (attracted clients) is unlimited, and a partner can invite any number of users to the site.

Trading Conditions for FatBTC Users

One of the advantages of the FatBTC crypto exchange is that there is no minimum deposit. Considering that KYC verification is also optional, you just need to register on the site to start trading on favorable terms. From here on, the client determines his/her own economic policy without any restrictions on deposit and trading volumes. Please note that the site does not provide any leverage, so trading at FatBTC is only available on your own funds. The company has round-the-clock technical and customer support, which can be contacted if you have any questions. For this purpose, a special service has been implemented on the website of the crypto exchange. Also, the support service is available via email, social networks, and messengers. More information about the options for contacting the support team can be found in the "Contact Us" section.

$1

Minimum
deposit

1:1

Leverage

24/7

Support

💻 Trading platform: In the web browser — TradingView
📊 Accounts: Standard
💰 Account currency: Cryptos, USD, and EUR
💵 Replenishment / Withdrawal: Bank cards and accounts, electronic and cryptocurrency wallets 
🚀 Minimum deposit: No
⚖️ Leverage: No
💼 PAMM-accounts: No
📈️ Min Order: From 0
💱 Spread: Market
🔧 Instruments: Cryptos, currencies
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: No data
⭐ Trading features: Tons of cryptocurrencies and two fiat currencies, free listing, universal investment program, profitable referral program, low fees, which can be reduced even more in several ways 
🎁 Contests and bonuses: No data, except for TU’s rebates

Broker comparison table of trading instruments

FatBTC Bybit OKX XT.com Poloniex LATOKEN
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

FatBTC Commissions & Fees

Information
The FatBTC cryptocurrency exchange offers a democratic system of commissions. There are no trading levels on the platform, which means that there is no need to trade a certain amount to get an advantageous commission. From the moment of registration at the site, the transaction fee for most assets is 0.2%. It does not differ for a taker or a maker.
Fees can be reduced by 50% by using a FAT token. To do so, you need to have enough pad tokens in your account to pay the fee. After activating the appropriate option, FAT will be prioritized for trading fees and their amount will be halved to 0.1%.
Account type Spread (minimum value) Withdrawal commission
Standard Up to 0.2% per order Yes

The platform does not charge for depositing funds, but there is a withdrawal fee. It depends on the specific asset and does not depend on the withdrawal channel or the volume of funds to be withdrawn. For example, for Bitcoin, the fee is ₿0.0007, for Ethereum it is Ξ0.01, and for Litecoin it is Ł0.001. The current conditions of fees can always be found in the "Fees" section.

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

Contacts

Foundation date 2014
Registration address Hong Kong
Official site
Contacts
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.
FatBTC Review FatBTC Review

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FAQs

Do reviews by traders influence the FatBTC rating?

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

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

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

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

Anyone can leave feedback about FatBTC 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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