The Bit-Z exchange was launched in 2016 and in five years was able to break out into the most popular platforms for trading cryptocurrencies. Bit-Z has offices not only in China but all over the world, including Singapore, Japan, and South Korea. The company is run by specialists with extensive experience in finance, trading, and even gaming.
Let’s consider the main distinguishing features of Bit-Z:
- Unparalleled bank-grade security
- High engine throughput (about 50,000 transactions per second)
- Supports two-factor authentication and multi-signature
- Support for a vast number of cryptocurrencies, ranging from bitcoin to WaykiChain
- Giant average daily trading volume ($ 2.33 billion at time of publication)
- Almost instant withdrawal of assets (delays from 1 to 5 minutes)
- OTC trading support
Verification on Bit-Z
Verification on the exchange is mandatory and all users who simply store cryptocurrencies and do not trade them undergo it.
To go through the verification procedure, go to the “Account Center” and click on “Verification”. Next, you need to fill out a short form (see photo below) and click on “Set Up”. The verification process takes approximately 24-48 hours and while it is valid, users will not be able to withdraw assets.
If you need to withdraw up to 50 BTC per day, you must go through the second verification level. If more than 50 BTC, then you already need to contact customer support.
Deposit and withdrawal of funds on Bit-Z
To make deposits, go to the “Exchange Management” tab, then the “Deposit & Withdrawal” button, and select the required cryptocurrency. The system will generate the address to which funds are sent.
In turn, for withdrawal, click on “Withdraw” and then register the address of the wallet to which you want to transfer the assets. We indicate the amount, the secret code from two-factor authentication, and the trading password, and click on “Withdraw”.
Trading on Bit-Z
Cryptocurrency trading is carried out in the “Exchange” tab, and the trading terminal is practically no different from its competitors. Everything here follows the pattern: the current price of the asset, the chart, the order book, and the form for trading.
To trade, we take four simple steps:
- Select a trading pair
- Select a limit order
- Set a price
- Click on “Buy”
The order for the purchase of cryptocurrency has been created, after which you need to wait until it is executed. The sale is the same, only it is carried out in the “Sell” block.
Outcome
The Bit-Z exchange is extremely popular due to its multi-billion dollar trading volume. If we consider the trading of the top ten cryptocurrencies in terms of capitalization, then their liquidity for them is one of the highest. Bit-Z also supports decentralized finance tokens, which have a large trading volume as well.
Bit-Z is famous not only for its high speed of work but also for its clear user interface, which even a beginner can understand. The overwhelming majority of reviews about Bit-Z are good, the technical support service works perfectly, and the trading terminal rarely lags even at peak times in the crypto market. In this regard, Bit-Z can be used for both trading and storing cryptocurrencies.
