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Kwara, Ilorin
4 Level
410 Review
3227.25 Karma

Review on Bitcoiva by Killer Bean

Revainrating 3 out of 5

All the way from India.....

Bitcoiva is another one of India's cryptocurrency exchange. On this exchange fiat-to-crypto and crypto-crypto trading is possible. I got to know about this exchange from a fellow expert author so I proceeded to try out this exchange myself.
Registration was initially hard because the webpage usually had loading problems so I had to refresh the page severally before it loaded. After changing several browsers I was finally able to open the login page then I proceeded to sign up. I was inquired of my mobile number, email address, password and preferred username. After verifying my account from the mail sent I was able to complete my registration and finally log in. This exchange is run on a peer to peer network to facilitate trading. Before I started trading I went on to compete my profile because without this I couldn't do anything on the platform. After doing this I proceeded to depositing in to my account but I discovered that INR was the only fiat traded here alongside with stablecoin, USDT. I opted for deposits by fiat because it seemed to be the most convenient but I was surprised that it was only INR that was the only means of fiat deposit. To deposit into my exchange, I did it like I would for normal wallet to wallet transfer, I just copied my address from the exchange and sent some tokens there hough it took a while before it reflected. Not only exchanges can be made on Bitcoiva, swapping, lending, peer to peer trading are all possible but I want to take my time to properly look into these aspects before I update my review finally. The referral affiliate program is another way to earn from this exchange, when users refer new traders they get some commission bonuses(25%). This exchange review cant be complete without talking about the exchange's trading fee, trading fees on this exchange are actually very cheap going as low as 0.25% for makers and takers. I haven't received any response from the WhatsApp group in this exchange as that happens to be the only form of support.

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Pros
  • Low trading fees
  • Lending and swapping of coins are possible
  • The user interface is very interactive and easy to navigate
  • Referral program is another way to earn
  • Deposits by cryptocurrencies is very easy
Cons
  • I just started using this exchange but the only problem I encountered was the support offered by this exchange

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