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
- 0.01 USDT
- Mobile application
- Ourbit web platform
- No commission for spot trading
Our Evaluation of Ourbit
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
Ourbit is a high-risk cryptocurrency exchange with the TU Overall Score of 2.13 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Ourbit 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.
Whether you're a beginner or an experienced trader, Ourbit offers a simple and reliable way to start your cryptocurrency journey. The platform provides a range of features, from basic trading tools to advanced strategies like copy trading and staking.
Brief Look at Ourbit
Ourbit is a centralized cryptocurrency exchange launched in 2020 and registered in the British Virgin Islands. The platform offers a comprehensive suite of trading and investment tools, catering to both beginners and experienced participants in the digital asset market. Ourbit provides spot trading, futures trading, staking, and copy trading. With an intuitive interface and 24/7 support, the platform ensures a seamless experience for traders of all skill levels. Additionally, Ourbit actively promotes its partnership program, offering bonuses for bringing in new clients.
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- A minimum deposit of just $0.01 and zero fees for spot trading.
- User-friendly trading platform interfaces for beginners and professionals.
- Various trading and investment tools.
- Generous rewards through the partnership program.
- Potential access restrictions in some regions.
- No support for fiat deposits or withdrawals.
TU Expert Advice
Financial expert and analyst at Traders Union
Ourbit is a cryptocurrency platform designed to cater to a broad audience, from beginners to experienced traders. It offers a range of trading tools, from basic to advanced, as well as additional passive income opportunities, making it appealing to both new and seasoned crypto enthusiasts. The platform's generous partnership program provides traders with additional earning potential.
Security is a priority for Ourbit, which is crucial for trading platforms. It employs measures such as two-factor authentication, cold storage for funds, and other protocols to protect clients' assets. This focus on security is especially reassuring for newcomers exploring the cryptocurrency industry.
With its user-friendly interface, comprehensive trading tools, 24/7 support, and passive income opportunities, Ourbit provides a convenient solution for individuals looking to venture into cryptocurrency investments. Additionally, the platform's educational resources and active community foster a supportive learning environment for users of all levels.
Ourbit 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: | Ourbit web platform, mobile applications |
|---|---|
| 📊 Accounts: | Spot Account, Futures Account |
| 💰 Account currency: | USDT, USDC, BTC and other cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrency transfer |
| 🚀 Minimum deposit: | 0.01 USDT |
| ⚖️ Leverage: | Up to 1:200 (futures) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: |
Spot: 0.01 Futures: minimum contract size |
| 💱 Commission: |
Spot: 0%-0% Futures: 0,02%-0,04% |
| 🔧 Instruments: | 656 supported coins, Futures, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: |
Spot: Market, Limit, Stop Limit Futures: Market, Limit, Trigger, Trailing Stop, Post Only |
| ⭐ Trading features: | No commission for spot trading |
| 🎁 Contests and bonuses: | Yes |
Ourbit supports both spot and perpetual futures trading with leverage. A demo account is available for futures trading. The web platform uses TradingView charts, and mobile apps for Android and iOS enable trading on the go.
Ourbit Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, Ourbit 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 U.S regulated
- Not tier-1 regulated
- Not government-regulated
- No investor protection fund
Ourbit Security Factors
We also compared Ourbit against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Ourbit | 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 Ourbit a regulated crypto exchange?
Ourbit is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Ourbit 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 Ourbit?
Yes, KYC verification is mandatory at Ourbit. 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 Ourbit available?
Ourbit complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, 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 Ourbit support.
Is Ourbit available in the USA?
Yes, Ourbit 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.
Ourbit commissions and fees
Ourbit has earned a rating of 8.75/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Ourbit is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Ourbit trading fees?
We analyzed Ourbit’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.
Ourbit trading fees vs competitors
| Ourbit | Huobi Global | WhiteBIT | Industry average | |
| Spot, maker fee (%) | 0 | 0,2 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0 | 0,2 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,02 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,04 | 0,05 | 0,05 | 0.053 |
What are Ourbit deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,000029 ВТС 0,0011 ЕТН |
Does Ourbit offer P2P trading?
No, Ourbit 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
Ourbit received a 2.5/10 rating for its deposit and withdrawal services. Ourbit offers limited funding options and may charge fees, which could be inconvenient for many users.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No support for bank card payments
- No Google Pay option
- No PayPal option
Deposit and withdrawal options
Ourbit supports the following deposit and withdrawal options: Crypto.
Ourbit Deposit and withdrawal options vs competitors
What is Ourbit minimum deposit?
The minimum deposit at Ourbit is 0, 01 USD/USDT or 0,001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Ourbit minimum deposit vs competitors
| Ourbit | OKX | Kraken | |
| Minimum deposit, USD or USDT | 0, 01 | 10 | 10 |
| Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Ourbit support fiat money?
Ourbit does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
Ourbit received a score of 7.5/10 in this category, reflecting a solid selection of tradable assets and markets. Ourbit supports 656 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Crypto copy trading available
- Staking available
- NFTs available
- Yield farming not available
- Crypto options not available
Ourbit supported coins and markets vs competitors
We compared Ourbit 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.
| Ourbit | OKX | Kraken | |
| Supported coins | 656 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | Yes | Yes | Yes |
Ourbit passive income options vs competitors
We also compared Ourbit 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.
Trading apps & tools
Ourbit received a score of 7/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Advanced tools and automation with API
- App data protection with 2FA
- Automated trading with bots
- Positive user feedback on the iOS app
- Advanced orders not available
- No access to TradingView features
- No Face ID
Trading apps
Ourbit provides web and mobile apps for both Android and iOS users, with an average rating of 4,5 on the App Store and 3 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Ourbit platform is for mobile use.
| Ourbit | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | Yes | Yes |
| Trading with bots | Yes | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Ourbit offer a desktop app?
No, Ourbit does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Ourbit offer advanced charting with TradingView integration?
No, Ourbit does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Official site | https://www.ourbit.com/ |
|---|
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