Bit-Z review

Bit-Z reviewBit-Z is a crypto exchange, which began operations in 2016. Bit-Z reviews only digital coins, there is no way to work with the fiat currency. However, there are almost 100 cryptocurrency pairs. Where is Bit-Z located? The headquarters of the company is located in Hong Kong. The official site is bit-z.com.

Is Bit-Z legit? The exchange warns users that its services may not be legal in certain countries, so customers from the Republic of Germany and the State of New York can’t use the services of the exchange. To date, there have been no cases of Bit-Z down.

Bit-Z fees

It is worth noting that Bit-Z fees are very competitive. There is no commission for the deposit. There are no Bit-Z limits for deposit.

Fees for the withdrawal of Bitcoins and most other Bit-Z alternative coins are 0.5%.

Bit-Z fees

The payment for trading is the same for both the seller and the buyer – 0.1%.

Bit-Z limits

Is Bit-Z safe?

We continue our Bit-Z review and turn to such important issues as “Is Bit-Z safe?”, and “What is the probability of Bit-Z fraud?”. To improve the security of the account, the team recommends using 2FA. To do this, you need to download the Google Authenticator app on your mobile device. Before downloading, make sure it’s authentic. Then, go to the “Security Center” and scan the QR code.

Also, to protect transactions, the site uses SSL. Some people suspect Bit-Z scam because of the slow speed of withdrawals. However, this is justified by the fact that for the withdrawal of funds you need to provide an identity card; withdrawal requests are processed manually, to ensure the safety of customers.

Is Bit-Z safe

Bit-Z wallet

Unlike other crypto exchanges, Bit-Z wallet is not provided. Other wallets or platforms are used to store cryptocurrencies.

How to use Bit-Z? In order to get the Bit-Z login, you need to register. To do this, click on the “Sign Up” button and enter the required data

How to use Bit-Z

Also, you will have to go through an additional identification, which will show that the client isn’t from the countries in which the exchange is banned. After these manipulations, you can start working.

How to buy on Bit-Z? To perform transactions, click on the “Exchange” panel. On the left side, available cryptocurrency pairs.

Bit-Z exchange

Then select the necessary cryptocurrency and place an order to buy or sell the desired amount.

Of course, if you have any questions, you can contact Bit-Z support. Bit-Z phone number is absent, so you can contact this address:

Bit-Z phone number

And now let’s sum up Bit-Z review 2018 and analyze the positive sides of the exchange and its shortcomings.

1 Total Score
Bit-Z review

PROS
  • A large number of crypto-currency pairs;
  • Low commission;
  • OTC transactions are possible.
CONS
  • Lack of fiat currencies;
  • Low speed of withdrawal;
  • Not regulated.
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