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Lome, Maritime, Togo
5 Level
442 Review
122 Karma

Review on BitZ by Fanuel PORPORTY

Revainrating 3 out of 5

Bit-Z is definitely a cryptocurrency exchange to watch out for as it offers a wide variety of digital assets and markets, an excellent trading platform and competitive fees.

Like most cryptocurrency exchanges, Bit-Z offers a single trading account. To buy or sell bitcoin, you must register to verify your account, which is done via a mobile phone verification code. In addition, Bit-Z may at any time require the submission of additional identification documents such as the ID as additional levels of verification. Bit-Z provides an online platform that allows users to trade between a number of different virtual currencies. You need to deposit Bitcoins from your wallet or other platform and use it to exchange other cryptocurrencies on Bit-Z.
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Bit-Z offers an over-the-counter service, called "OTC Trade". Here you can buy BTC, LTC or ETH with USD dollars or Chinese yuan via a wide range of payment methods: cash deposit, bank transfer, AlyOPay. WeChat, Moneygram, PayPal, Neteller and Western Union. Of course, via Bit-Z's OTC Trade service, you can also sell the digital coins listed above.

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Pros
  • Several cryptocurrencies available
  • Competitive fees
  • OTC trades offered
  • Extremely easy to use and navigate
Cons
  • No leveraged trading
  • Not regulated
  • Slow customer service and limited options
  • The verification process is tedious