Bit-Z (bit-z.com) - review, trading volume and pairs
Bit-Z cryptocurrency exchange was established in 2016 as a universal trading platform focused primarily on the Asian market. To date, the company has managed to achieve serious daily turnover, measured in hundreds of millions of dollars. The number of trading pairs has already exceeded a hundred.
The main peculiarity of the exchange is the absence of fiat money. Thus, the creators of the Bit-Z exchange fenced Bitcoin from traditional finance. But it is only fair to say that the platform has a pair regarding the USDT – a cryptographic analog of the US dollar. This is done for the convenience of users who work mostly with fiat currencies.
Registration on Bit-Z and account verification
The official website of the Bit-Z exchange is available at bit-z.com. To start the registration procedure, click on the «Sing Up» button, after which the system will offer you to enter your email address, come up with a password, and enter a referral ID (if you have one). After having agreed with the terms of the offer, you will only need to click «Submit». After confirming that you are a real user by entering a captcha, you will receive a confirmation email to the specified email address. Then you can safely go to the newly created account by entering the login (your mail) and password specified during registration.
Account verification and activation of two-factor authentication is an important stage of registration, which will allow you to use all the functionality of the exchange and provide a high level of security.
To activate two-factor authentication you need to:
• Install Google Authenticator to your mobile device;
• Click on «Account» and go to the «2FA Code» subsection;
• Scan the QR code with Google Authenticator.
After that, two-factor authentication will be activated. Since that, every time you log in to your account, you will need to enter the code generated by the application. Such protection ensures that no one can log into your account without your smartphone or tablet, which means that your coins are also safe.
Now you can proceed to account verification. There is no need to download scanned copies of documents. You just need to enter your real name, date of birth, and trade password. It will be enough.
Coin deposit and withdrawal
In the «Balances» section you can see the current balances of your cryptocurrency wallets. To deposit, click «Deposit» and copy the wallet number. After that, you can transfer the cryptocurrency to the copied address with the help of your existing wallet or through the exchanger. As you can see, the procedure is quite the same here.
To participate in trading on the Bit-Z exchange, go to the «Exchange» section. All available currency pairs of the most popular cryptographic currencies such as BTC, ETH, USDT, and DKKT are present here. Below the price chart, there are windows for opening trading orders on purchasing or selling cryptocurrency. Unfortunately, there are no limit orders on Bit-Z, so the user will have to make do with market orders. To open an order, just enter the number of coins and the price and click «Sell» or «Buy», depending on what you want.
As for the security of the exchange, there was no negative feedback found on the Internet. No technical problems detected. Therefore, the platform can be considered quite secure and reliable. We believe that Bit-Z is worth noticing, but if you want an objective opinion, it would be better to register on the exchange and test it personally.