This article will be focused on the Bitcoiva cryptocurrency exchange, which is associated with refined cryptocurrency trading such as spotted, margin, and futures trading.
Its user-friendly interface supports many digital currencies and is very secure in attracting new and seasoned traders.
I will look for its features, advantages, and the reasons that allow it to be distinct from similar systems.
Introduction
It launched in June 2020. Bitcoiva is the next-generation crypto-trading platform that supports various transactions, such as fiat-to-chat trading, crypto-to-chat trading, and direct purchase options.
Instant, fast, and easy transactions are possible with Bitcoiva. Bitcoiva holds a coin token called BCA (bitcoiva), which carries a 21 million volume equal to Bitcoin’s.
According to numbers, Bitcoiva is the fastest-growing & India’s leading crypto exchange.
Bitcoiva Exchange Profile
| Company Name | Bitcoiva |
| Categories | Cryptocurrency Exchanges |
| Website | https://primexbt.com |
| Year Founded | 2020 |
| Headquarters | Cheyenne, Wyoming, United States |
| Deposit Fee | Free |
| Withdraw Fee | 0.0007 BTC |
| Mobile Support | Yes |
| Minimum Deposit | ₿0.0001 |
How to Sign Up on Bitcoiva Exchange?
To create an account on the Bitcoiva Exchange, follow the guidelines below step-wise:
Step 1: Go to the Bitcoiva Website
Open the official page of Bitcoiva by typing in the browser “bitcoiva.com.”
Step 2: Hit the “Sign Up” button
On the main page, search and hit the “Sign Up” button to register for an account.
Step 3: Give Your Personal Information
Enter your active email address and a new and secure password, agree to the T&C and hit “Register”. Accordingly, fill out the form.
Step 4: Check Your Email
In your email, look for a confirmation link from Bitcoiva and click on it to verify your registration.
Step 5: KYC Procedure
Log in to the newly created account and go to the KYC segment. Submit the documents required, such as government ID and proof of address, to complete the verification.
Step 6: Approval Process
Give them some time as they wait for the answers, and methodically review and approve the documents provided to them. This can take several hours to several days.
Step 7: Begin Trading Activities
After KYC approval, you are ready to deposit and open a position on the Bitcoiva Exchange!
Bitcoiva Exchange Fees
Bitcoiva Trading charges
Similar to capital inflations, trading fees are accrued each time any of the users executes a trade order.
Such fees are usually a percentage of the worth of the trade order. Many of the exchanges are divided into best price takers and makers.
Takers are the ones who “take” an existing order from the order book.
On the other hand, makers post orders to the order book, thus providing liquidity to the platform.
The customer bears such a flat fee irrespective of whether it is the taker or maker fee.
Therefore, the fees for spot trading for both parties are 0.25%. The spot trading taker fees in the recent indices align with what is offered within centralized phenomenons exchanges.
Industry averages have historically been more or less 0.20-0.25%, but we see new industry averages of 0.10-0.15% developing now.
Bitcoiva Withdrawal fees
Rates for withdrawal fees are typically consistent but differ for each cryptocurrency.
Depending on what currency you’re withdrawing, you will be required to pay a withdrawal amount that is a small fraction of the currency withdrawn.
The authors remember how last time they researched how much it cost to withdraw BTC from a cryptocurrency exchange;
it was discovered that BTC withdrawal charges averaged about 0.0006BTL per the BTC Want to buy, sell, or revive these currencies.
Now, Bitcoiva sets the withdrawal threshold fixed at 0.0007 BTMC per BTC-mid amount, which is more than the average BTMC in the world (0.00059, according to this report). It is slightly above the average. But that isn’t too alarmist.
Deposit Methods
Besides depositing virtual currency, the platform also allows a deposit through anthro-currency. However, only through wire transfer (neither credit or debit card).
Since there are also provisions for telegram currency deposits on the platform, this platform is correctly described as an “entry-level exchange” as it is an exchange where new crypto investors can begin their steps into the exciting world of cryptocurrency.
Bitcoiva Supported Cryptocurrencies
Bitcoiva supports trading over 161 cryptocurrencies on its platform. This exchange currently supports 23 of the top 30 market-cap cryptocurrencies.
How Many Types of Trading Options Available
Bitcoiva offers multiple types of accounts and trading options for its clients:
Spot Trading: This type enables users to buy or sell any cryptocurrency at the current price. This is the standard way of trading, where one buys and sells assets instantly.
Margin Trading: Allows users to take higher risks and profit with the possibility of magnifying their capital. Cryptocurrency trading allows one to use borrowed funds to increase the size of their positions.
Futures Trading: The user acts by entering into contracts to purchase cryptocurrencies on a date in the future. This allows traders to trade on the price of some cryptocurrencies without physically possessing them.
P2P Trading: Users can exchange cryptocurrencies among themselves instead of using an intermediary, and they can choose how to pay for the austerity or how they want to be paid for it.
Staking: Such users can generate interest by securing specific cryptocurrencies on the platform without doing anything. The crypto network’s security, operation, and development use other cryptocurrencies.
Is Bitcoiva Safe?
The Bitcoiva exchange employs two-factor authentication, encryption, and cold storage of funds, making it less risky for users.
Due to its adherence to the KYC process, the platform can enhance security by knowing and verifying its users.
Nonetheless, as in every other exchange, users must also be careful, create strong passwords, utilize all security measures, and keep as much personal data as possible.
Security breaches have not been a normal development of the platform’s usage. However, people should always do their utmost to protect their information from the potential dangers of trading digital assets.
Bitcoiva Exchange Features
Payment Option
Users can instantly deposit or withdraw the INR; it just takes a few seconds. Bitcoiva offers the best payment options to traders by accepting payments through IMPS, NEFT, RTGS, UPI, etc.
It lets you automate your orders with advanced tools and features. Using Bitcoiva’s patented technology, they bridge the gap between day-to-day payments and crypto assets.
Instant Swap
Users can instantly swap their currencies without difficulty. Through this instant swap option, choose one crypto, fiat, or asset and enter the quantity of asset you want to swap after deciding the desired cryptos you want back.
People love easy-to-use user interfaces, and the customer support we provide is excellent.
Endless Variety of Cryptocurrencies
Bitcoiva has a potential market for more than 161 cryptocurrencies, including 23 of the best 30 by market cap, enabling investors to invest in diversified assets.
Various Trading Options
The site incorporates multiple alternatives for transactions, including but not limited to spot trading, margin trading, futures trading, and P2P (Peer to Peer) trading.
Staking and Earning Passive Income
Some cryptocurrencies on the site can also be staked so that users can earn passive income directly from the site for network support.
Well Designed Layout
The interface of Bitcoiva is also mild because people with different experiences are likely to be involved in trading and include tools and charts for their decisions.
Bitcoiva Exchange Android & IOS Mobile App
The Bitcoiva Exchange also has a mobile application for Android and iPhone that facilitates currency exchange with users.
The application is convenient and provides many functions, such as support for trading with current market prices, trading safely, and now selling in a spot, margin, range, and future.
Charts, price alerts, and many other features are integrated into the app so that traders are always up to speed.
Without compromising security, the Bitcoiva app allows you to place trades, keep track of the portfolio, and control the account whenever needed.
Bitcoiva Restricted Countries
Due to regulatory and compliance issues, Bitcoiva Exchange has restrictions in certain countries.
These countries include the USA, Canada, Japan, North Korea, Iran, Syria, Sudan, and Cuba. Moreover, other regions with tight regulations against cryptocurrencies or sanctions might also get restrictions for using the platform.
Individuals from these countries are advised to adhere to the local laws and look for legal exchanges in their countries.
The lack of Geographical segmentation on the part of Bitcoiva is to ensure compliance and safety of the users when trading.
Is Bitcoiva Regulated?
Like many crypto exchanges, Bitcoiva is not under any strict regulatory oversight by major financial institutions.
What the company does, however, is that it abides by basic business standards, in addition to creating an essential security and investigation policy, such as KYC and AML.
However, it does not possess the necessary credentials from well-known regulatory authorities like the Securities and Exchange Commission in the U.S. and the Financial Conduct Authority in the UK.
It is an exchange, so trading can lead to benefits. Still, just as with all other exchanges of this nature, there is a significant risk there, and users have to be oblivious of such risks and do their due diligence before engaging in trading.
Bitcoiva Customer Support
Bitcoiva considers customer care as a core carry, therefore it provides various contact methods available for its users and different types of support.
Customer satisfaction is one of the basic approaches throughout the entire concept of this exchange.
It is also about short response time and many requests fulfilled.
Bitcoiva recognizes such social needs, and support channels are provided to suit the available range of users.
Social networks, direct communication, and referral links are all about assisting the member Exchange whenever assistance is required.
Their commitment can easily be observed in such facts as prompt replies to requests or the number and level of service, which make every contact during trading as pleasant as possible.
Bitcoiva Support Channels
Bitcoiva Alternative Exchanges
Binance
As one of the biggest exchanges in the world, $BNB offers many cryptos and ways to trade them. It has low costs and is a well-protected, professional platform with trading features.
Coinbase
Relatively simple in use and perfect for newcomers, the platform allows users to buy, sell, and store quite a variety of cryptocurrencies without any hassle. It is also a licensed trading platform in some countries, making it safer than most.
Kraken
Its state payment is also regarded as one of the safest features of this Cryptocurrency exchange company and one of its most diverse sectors. There is spot trading, futures trading, margin trading, and staking.
KuCoin
Online crypto exchanges have many good functionalities and ways to handle passive income, such as ASGg or lending.
Conclusion
To sum up, Bitcoiva Exchange will be popular because of the many possible cryptocurrencies and trading options, making it optimal for trading.
Its straightforward interface and proper safety measures form a reasonable basis for easy and reliable trade.
Although attracting new users is probably the biggest challenge for the various exchanges and regulators having jurisdiction over them, enforcement traditions such as KYC and AML also exist in Bitcoiva.
These people who want to use the exchange where there are many functions and good security can freely go to Bitcoiva.
