Review on Bitcoiva by Aman Arora

Name: Bitcoiva
Item: Bitcoiva
Rating: 4

February 01, 2021

Bitcoiva is a good option for Bitcoin Traders and Indian Fiat traders

Bitcoiva is a leading crypto trading platform built for spot trading, p2p, swapping and future trading. Although Future trading is still in development mode but other features working perfectly and available immediately after registration except Fiat deposits and withdrawls which require complete KYC.  
﻿
Bitcoiva Exchange primarily offers spot trading future trading Exchange facility  on more than 20 pairs but Exchange is working on margin trading and once it is completely launched to public it will be interesting to see how it have impact on Exchange's volume. Bitcoiva  has worked hard to get regulated but still has not managed to get regulated as  crypto exchange. Variables available to trade against  BTC INR and USDT.  P2p facility can give you edge if you want to buy and sell cryptos directly with third parties. Swap facility for instant Exchange for large orders with low minimum is another plus point for using Bitcoiva.
﻿
Bitcoiva has a native token called BCA which is available for trading on Bitcoiva. BCA/USDT BCA/INR recording highest volume on Exchange consistently and BCA token is also a reason for Exchange performance. BCA token has performed well from investment perspective but  lack of other features for encouraging investment in BCA and ecosystem built around token is discouraging. BCA success also depends on its availability to trade on different Exchanges. BCA is only available as trading on Vindax outside Bitcovia. Fees structures is in norms with industry average which isn0.15% for makers and 0.25% for takers and is one of the Exchanges which has low Bitcoin Withdrawl fees and that is one encouraging factor for using Bitcoiva.
﻿

Pros

Multiple trading options with instant swapping spot and p2p
lending facility for passive income with fixed APY on crypto and Fiat users on platform
Kyc as per norms to fight anti money laundering for fiat deposit and withdrawls
Decent liquidation and low minimum order value

Cons