Review on BitZ by Saparov Meylis

Bit-Z cannot be called an absolute newcomer to the crypto market, but the site is far from the old-timers. The exchange was founded in 2016 and is based in Hong Kong. Since its inception, it has managed to break into the TOP20 of the overall rating and, with a turnover of more than $ 100 million per day, is in 20th place in the coinmarketcap.com rating.



The site has been translated into 2 Asian languages ​​and English, no Russian localization is planned. The site is designed with no frills, so even with the knowledge of English at the school level, there will be no problems. Conveniently, up-to-date information on ICO, AirDrops is displayed right on the main page.



Of the features of the trading platform, we note the support for over-the-counter trading (OTC - over the counter). There are dozens of coins available, including rare coins, some of them are not traded anywhere other than on Bit-Z.



Opportunities of the crypto exchange.



Bit-Z has several features that set it apart from other trading platforms:



* many coins are supported, including very rare ones.

Some crypts on other sites practically do not

presented;

* no support for fiat currency;

* despite the fact that there are a lot of coins, there are no crosses. That is, pairs

can be found here with Tether, DKKT, Ethereum, Bitcoin;

high limit on crypto withdrawal without verification

user;

* trading commission 0.1% for all types of trading operations;

* there is over-the-counter trade, we will talk about this below;

* there is no margin trading (with leverage);

* developers can fill out the developer contact form

and try to add your coin to the exchange. Decision on

adding a crypt takes the community itself by

voting;

* has its own cryptocurrency.



Own token BZ



The authors of the exchange are building their own ecosystem using the internal BZ token. It was released without attracting funds from third-party investors, the total number of coins is 1.2 billion. It is traded in tandem with Ethereum and Tether only on the Bit-Z exchange.



This is an ERC20 token, that is, it is built on the Ethereum blockchain, but in the future it is planned to switch to its own blockchain. So far, it is more profitable to store BZ than to fold when it grows, the exchange has potential and the coin can grow in price.



Right now, the main incentive for storing BZ tokens is in the rebate. Everyone who owns more than 5,000 tokens is compensated for the daily commission fee. In the future, they plan to launch a permanent discount for large BZ holders.



Trading on Bit-Z



Trading is carried out in 2 modes - directly through the exchange, here traders work with the chart and outside the exchange (OTC). In OTC trading, you select a seller from the list and conclude a deal with him, like a simple online auction like eBay.

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