In the dynamic world of cryptocurrencies, selecting a secure, reliable, and feature-rich exchange is of paramount importance. Tapbit crypto exchange emerges as a relatively new platform in this space, striving to establish its position among global traders by offering diverse services and advanced technologies. This article provides a comprehensive review of Tapbit crypto exchange, examining its key features and security measures to its user interface and trading fees, aiming to assist readers in forming an accurate evaluation of this exchange and determining whether Tapbit crypto exchange can meet their trading needs.
| Exchange Name | TAPBit |
| Official Website | https://www.tapbit.com/ |
| Year Founded | 2021 |
| Location | Denver, Colorado, United States |
| Security | Financial reserves, Bullet-Proof Security, Regulatory Licences |
| Features | Spot Trading / Derivatives Trading / Copy Trading / Grid Trading / Flexible Savings |
| Trading fees | 0.1% – 0.02% – 0.06% Fees |
| Maximum leverage | X100 |
| Download App | APP Store – Google Play |
| Customer Support | contact@tapbit.com – Submit a request |
About TAPBIT
China-based cryptocurrency exchange Tapbit, formerly known as Billance, is a cryptocurrency exchange with the best trading liquidity in the market.
For global investors, Tapbit delivers secure and reliable trading services for leading crypto assets such as BTC, ETH, SOL, and USDC. We have been granted the MSB fiat currency business license and the NFA general financial license by the US federal government, along with a crypto and forex business license from the SVGFSA. Moreover, your peace of mind is our priority, with a $40 million insurance fund backing all assets on Tapbit.
Tapbit crypto exchange empowers users with best-in-class technology, featuring a core aggregation engine that represents the most sophisticated solution currently available. Its fault-tolerant design and exceptional processing speed ensure seamless handling of simultaneous high-volume transactions and settlements. The security of all user assets is rigorously protected through banking-grade SSL encryption, multi-signature protocols, and the separation of hot and cold wallets.
By employing cutting-edge technologies and pioneering algorithms, Tapbit offers global investors one of the most secure and dependable cryptocurrency service platforms in the market today. This allows them to engage with and profit from the crypto world with confidence, free from concerns about inherent risks.
Tapbit, formerly known as Billance, is a cryptocurrency exchange and forex broker established in 2021. It offers users a variety of services in the field of cryptocurrency and forex trading, featuring the highly regarded USDT pricing model.
Features and Services of Tapbit
High Liquidity: Tapbit claims to offer the best trading liquidity in the market, with its BTC/USDT trading pair reaching a trading volume of $324 million.
Variety of Cryptocurrencies: The exchange supports over 140 cryptocurrencies for buying, selling, and trading.
Spot Trading: Offers trading with very low fees (0.1% for both maker and taker) and access to over 100 cryptocurrencies with high market depth.
Derivatives Trading: Provides trading with leverage up to 100x with reasonable pricing and the ability to set take-profit and stop-loss orders. This section is backed by a $20 million advance compensation fund for platform-related incidents.
NFT Marketplace: Although an NFT marketplace had not been launched by Tapbit at the time of writing the original text, the platform clearly indicated plans to create one in the future.
One-Stop Trading Solution: Enables trading anytime, anywhere via mobile application and desktop version.
Robust Security (Bullet-proof Security): Employs a cold and hot wallet separation architecture, multi-signature wallets, and bank-grade SSL encryption to protect user assets. Additionally, a $40 million insurance fund is in place to cover losses resulting from platform incidents.
Excellent User Experience (The Ultimate User Experience): Offers 24/7 customer support and millisecond-level trade execution speed.
Regulatory Licenses: Tapbit has reportedly obtained an EMI license from the FCA (although searches indicate the FCA has issued warnings about entities with similar names, so caution is advised in this regard), an MSB license from the U.S. federal government, and an MTL license from 10 U.S. states.
Fiat Buy Crypto: Supports payment methods using credit cards such as Mastercard, VISA, Diners Club, and JCB.
Forex Trading: Offers CFD trading on major forex pairs, commodities, and cryptocurrencies with high liquidity and fast execution speeds.
Education at Tapbit: Provides a wide range of educational materials, tutorials, and guides for both novice and experienced traders, including market news, instructions on using tools, and trading strategies. VIP clients also receive personal support.
Customer Support: Offers fast and comprehensive support via live chat, email, ticket system, and social media.
Reasonable Fees: No deposit fees and relatively low withdrawal fees (0.0005 BTC with a minimum withdrawal of 0.001 BTC for Bitcoin). Spot trading fees are 0.1% for both maker and taker, and derivatives trading fees are 0.02% for makers and 0.06% for takers.
Easy Registration: Simple registration process via the website and mobile application using email or phone number.
Security Settings: Strongly recommends enabling security settings such as 2FA through Google Authenticator or SMS.
Overall, Tapbit is presented as a cryptocurrency exchange offering diverse services, relatively high security, reasonable fees, and forex trading support. However, users should be mindful of its newer status in the industry and some reports regarding transparency and support.
Tapbit Fees (Spot & Derivatives)
Tapbit employs a tiered fee structure for trading, differentiating between maker and taker orders. For spot trading, both maker and taker orders incur a flat fee of 0.1%. However, for derivatives trading, the fees differ significantly. Maker orders, which add liquidity to the order book by not being immediately executed, are charged a lower fee of 0.02%. Conversely, taker orders, which execute immediately by taking liquidity from the order book, are subject to a higher fee of 0.06%. This structure incentivizes users to provide liquidity to the exchange, contributing to tighter spreads and a more efficient trading environment, particularly within the derivatives market.
- Trading Fees on Spot: Maker and Taker 0.1%
- Trading Fees on Derivatives: Maker 0.02% and Taker 0.06%
Tapbit Ranking
Despite being a relatively newer entrant compared to some of the industry’s giants, the Tapbit exchange has achieved a noteworthy position in CoinMarketCap’s cryptocurrency exchange rankings. Securing the 45th rank in spot trading indicates a respectable trading volume and adequate liquidity on the platform’s spot market. Furthermore, Tapbit’s stronger performance in futures trading, achieving a rank of 29, highlights the platform’s appeal and significant user activity in derivatives trading, along with suitable market depth in this sector. This ranking demonstrates that Tapbit is rapidly establishing its presence among reputable cryptocurrency exchanges and has shown competitive performance in both primary spot and futures markets.
