What is BitHash?
BitHash is a cryptocurrency exchange registered in the Seychelles, launched in 2016. Operated by Phoenix Trading Solutions Ltd, the platform is accessible in Chinese, Russian, and English.
User Base
With a substantial user base exceeding 250,000, BitHash stands out as a notable player in the cryptocurrency exchange space.
Accessibility for US-Investors
While it seems that US-investors are allowed on the platform, potential users from the United States should conduct their own assessments due to potential legal obstacles.
Referral Program
BitHash features a unique referral program with five tiers. Users earn varying percentages of trading fees from direct and indirect invitees, ranging from 20% for level 1 to 1% for level 5. This multi-tiered approach sets it apart from conventional referral programs.
Trading Fees
BitHash employs a flat fee model, charging a competitive 0.10% trading fee. This contrasts with the industry average of around 0.25%, making BitHash an attractive option for cost-conscious traders.
Withdrawal Fees
The withdrawal fees at BitHash are notably lower than the industry average. For Bitcoin (BTC) withdrawals, the platform charges 0.0005 BTC, approximately 40% below the industry average.
Deposit Methods
BitHash supports deposits through wire transfer and credit cards, providing a convenient on-ramp for new crypto investors. The inclusion of fiat currency deposits positions BitHash as an entry-level exchange for individuals taking their initial steps into the cryptocurrency market.
What are the trading fees on BitHash?
BitHash employs a flat fee model, charging a competitive 0.10% trading fee. This contrasts with the industry average of around 0.25%, making BitHash an attractive option for cost-conscious traders.
Does BitHash offer leverage trading?
BitHash does not currently offer margin trading or leverage options.
