Verified OGs
8
CryptoFam
90
Projects
19328
BTC
$87813
0.10%
ETH
$3180.15
-3.82%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap
3.84T
Fear&Greed
80
Bitbank
Year of Foundation: 2016
Jurisdiction: Japan
Founder/CEO: Noriyuki Hirosue
Listed Coins: 20
Derivatives:
Exchange Token:
Reserve Report: No Info

OG Score

Based on 0 OG evaluation

TBA

...
Bitbank 24h Volume $140.509 M
24h - -1,89 %
7d - -3.66

LINKS

OGAudit Evaluation Points

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SECURITY

SECURITY

Security is a top priority for a crypto exchance. Does this exchange have advanced security measurements in place? Has this exchange experienced any serious hacks in the past in terms of user data and crypto theft? If so, were the victims adequately compensated? Can you confidently entrust a substential amount of crypto to this exchange?
N/A
LIQUDITY

LIQUDITY

Is there sufficient liquidity in most pairs compared to the other CEX and DEX? Do you encounter unfair price slippage or scam wicks during medium sized trades, if so how often? Is the order book manipulated by bots? Do you experience a seamless trading where limit, market, and stop orders function properly on both spot and derivatives market?
N/A
CUSTOMER SUPPORT

CUSTOMER SUPPORT

Is the FAQ and help page detailed and easy to navigate? How quickly can you connect with a live support agent? Are the agents helpful, competent, and able to provide effective solutions? Are you satisfied with the overall process and outcome?
N/A
RESERVES & AUDITS

RESERVES, AUDIT REPORTS

Does the exchange publish proof of reserves regularly? Are there suspiciously frequent large movements in reserves? Are wallets and direct links provided as on-chain evidence for user discretion? Is the exchange audited by independent organizations, and are the reports published transparently?
N/A
JURISDICTION

JURISDICTION

Does the exchange obtain all necessary permissions from the authorities in its operating country, and are these approval documents shared with users? Is the company headquartered in a major country of law or overseas? Considering these factors, do you believe that the legal regulations of the country can adequately protect you as a user in the event of a serious dispute?
N/A
INSURANCE

INSURANCE

While we are aware that no online platform is 100% secure, including centralized exchanges, does the exchange have insurance funds ready to deploy in case of a crypto hack?
N/A
FEES & COMISSIONS

FEES / COMISSIONS

Are the actual fees and commissions as low as advertised? This includes spot and futures trading fees, deposit/withdrawal fees, margin borrowing commissions, and other product and service costs. Compare them with fees on other exchanges.
N/A
SCAM PROOF

SCAM PROOF

Do you believe they carefully evaluate projects before listing them? Do they provide comprehensive information, including project links and tokenomics, for users to DYOR easily? Are there clear warnings about high-risk, volatile crypto? Have there been instances of projects being rug-pulled after listing or being delisted for arbitrary reasons? The frequent occurrence of such events is one of the main reasons for the low ratings.
N/A
DEPOSIT & WITHDRAWAL

DEPOSIT & WITHDRAWAL SPEED

Are you satisfied with the deposit and withdrawal limits, as well as the speed of crediting and executing transactions? Have you experienced difficulties withdrawing your funds? Can you withdraw and deposit stablecoins using any of the popular L1/L2 networks, or are the options limited? Additionally, do they provide assistance in recovering tokens if you accidentally deposit them into the wrong contract for a reasonable fee?
N/A
EASY TO USE

EASY TO USE

Considering both mobile and browser app experiences, do you find the exchange's app user-friendly, smooth, and visually appealing? Can you easily access the features you need? Has the exchange ever disappointed you during chaotic times? Can you log in and place buy and sell orders, make withdrawals easily when the market is unusually busy?
N/A
N/A
SECURITY

Security

Security is a top priority for a crypto exchance. Does this exchange have advanced security measurements in place? Has this exchange experienced any serious hacks in the past in terms of user data and crypto theft? If so, were the victims adequately compensated? Can you confidently entrust a substential amount of crypto to this exchange?
N/A
LIQUDITY

LIQUDITY

Is there sufficient liquidity in most pairs compared to the other CEX and DEX? Do you encounter unfair price slippage or scam wicks during medium sized trades, if so how often? Is the order book manipulated by bots? Do you experience a seamless trading where limit, market, and stop orders function properly on both spot and derivatives market?
N/A
CUSTOMER SUPPORT

CUSTOMER SUPPORT

Is the FAQ and help page detailed and easy to navigate? How quickly can you connect with a live support agent? Are the agents helpful, competent, and able to provide effective solutions? Are you satisfied with the overall process and outcome?
N/A
RESERVES, AUDITS

RESERVES, AUDIT REPORTS

Does the exchange publish proof of reserves regularly? Are there suspiciously frequent large movements in reserves? Are wallets and direct links provided as on-chain evidence for user discretion? Is the exchange audited by independent organizations, and are the reports published transparently?
N/A
JURISDICTION

JURISDICTION

Does the exchange obtain all necessary permissions from the authorities in its operating country, and are these approval documents shared with users? Is the company headquartered in a major country of law or overseas? Considering these factors, do you believe that the legal regulations of the country can adequately protect you as a user in the event of a serious dispute?
N/A
INSURANCE

INSURANCE

While we are aware that no online platform is 100% secure, including centralized exchanges, does the exchange have insurance funds ready to deploy in case of a crypto hack?
N/A
FEES & COMISSIONS

FEES & COMISSIONS

Are the actual fees and commissions as low as advertised? This includes spot and futures trading fees, deposit/withdrawal fees, margin borrowing commissions, and other product and service costs. Compare them with fees on other exchanges.
N/A
SCAM PROOF

SCAM PROOF

Do you believe they carefully evaluate projects before listing them? Do they provide comprehensive information, including project links and tokenomics, for users to DYOR easily? Are there clear warnings about high-risk, volatile crypto? Have there been instances of projects being rug-pulled after listing or being delisted for arbitrary reasons? The frequent occurrence of such events is one of the main reasons for the low ratings.
N/A
DEPOSIT & WITHDRAWAL

DEPOSIT & WITHDRAWAL SPEED

Are you satisfied with the deposit and withdrawal limits, as well as the speed of crediting and executing transactions? Have you experienced difficulties withdrawing your funds? Can you withdraw and deposit stablecoins using any of the popular L1/L2 networks, or are the options limited? Additionally, do they provide assistance in recovering tokens if you accidentally deposit them into the wrong contract for a reasonable fee?
N/A
EASY TO USE

EASY TO USE

Considering both mobile and browser app experiences, do you find the exchange's app user-friendly, smooth, and visually appealing? Can you easily access the features you need? Has the exchange ever disappointed you during chaotic times? Can you log in and place buy and sell orders, make withdrawals easily when the market is unusually busy?

OG REVIEWS

Latest OG Reviews
NOT YET EVALUATED

Markets

Coin Pair

About Bitbank

What is Bitbank?

Bitbank is a cryptocurrency exchange based in Japan that commenced operations in 2016. Specializing in trading Bitcoin and various cryptocurrencies against the Japanese Yen (JPY), the platform also facilitates coin-to-coin trading.

 

User-Friendly Design and Mobile Support

 

Bitbank stands out with its aesthetically pleasing and user-friendly website design, emphasizing a superior user experience. Additionally, for users preferring mobile trading, Bitbank provides a dedicated mobile application compatible with both iPhones and Android phones.

 

Inclusion of US-Investors

 

Bitbank does not explicitly prohibit US investors from participating in trading activities on its platform. However, it is advisable for US investors to conduct their own analysis to ensure compliance with any legal restrictions imposed by their home state.

 

Exploring the Trading View

 

Different exchanges offer varied trading views, and users must choose the one that suits them best. Bitbank's trading view typically includes the order book, price chart, and order history, along with buy and sell boxes. Prospective users are encouraged to assess the trading view to ensure it aligns with their preferences.

 

Competitive Trading Fees

 

Bitbank employs a fee structure that distinguishes between takers and makers. Takers, executing existing orders, are charged a 0.12% fee, while makers, creating new orders, enjoy a -0.02% fee, signifying a reward for contributing liquidity. Compared to industry averages, Bitbank's fees are notably competitive.

 

Evaluating Withdrawal Fees

 

When withdrawing Bitcoin (BTC), Bitbank imposes a fee of 0.0006 BTC. While slightly above the global industry average of 0.00053 BTC per BTC withdrawal, users should consider this factor when assessing overall cost implications.

 

Deposit Methods

 

Bitbank supports wire transfers as a deposit method, providing a fiat on-ramp for users. Notably, credit cards are not accepted for deposits, differentiating Bitbank from exchanges that exclusively allow cryptocurrency deposits.

 

In summary, Bitbank is a Japanese exchange with a strong focus on design and user experience, offering competitive trading fees and a mobile application for on-the-go trading. Prospective users should consider their specific needs and preferences when evaluating this platform.

 

When was Bitbank established?

EXCHANGE was founded in .

Where is Bitbank located?

Bitbank is based in Japan.

What is the volume of Bitbank?

EXCHANGE has a trading volume of $  in the last 24 hours and $  in the last 7 days.

Is Bitbank safe?

While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.

Which coins can I buy through Bitbank?

You can buy the following tokens/coins on Bitbank: 

What are the listed pairs on Bitbank?

You can trade the following tokens/coins on Bitbank: 

Does have customer support?

Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.

Updates

FAQ

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