Review on Bitbank by Fanuel PORPORTY
Bitbank - Japanese exchange
Launched in March 2017, Bitbank is a Japanese crypto-exchange that generally appears in the top 100 of listed exchanges according to their trading volume. He seems to have many strengths, the most important of which is that he is duly licensed by the Japan Financial Services Agency. Japan has become the first country to introduce national cryptocurrency and trade regulations, confirming its position as a pioneer in Bitcoin. In addition, cryptocurrencies and Bitcoin in particular are widely accepted in Japan as a valid means of payment for various goods and services.
In addition, trading at Bitbank is done on an advanced platform and seems very inexpensive, because its customers pay fees only on over-the-counter withdrawals. In addition, they are able to deposit and withdraw in trust, but the only supported currency is the Japanese yen, which makes this exchange mainly suitable for locals. In addition, unlike other Japanese stock exchanges, this one does not offer legendary trading. We would like to remind you once again that forex brokers represent another alternative for margin trading in cryptocurrencies, and many of them are also regulated.
Pros
- Regulated in Japan
- Fiat accepted, bank wire supported
- No trading fees, deposits free of charge
- Decent number of altcoins available
- Security
Cons
- Focus on Japan
- Minimum deposit and withdrawal set
- No leveraged trading
