Ibit Exchange Review 2024: Features, Fees, and Security Overview

In this article, I explain Ibit Exchange, a cryptocurrency exchange with an easy interface and strong security that is ideal for new users.

Due to its support for spot trading and other currencies, Ibit Exchange suits beginners and advanced traders.

I’ll look at how it works, including its main features, the supported tokens, the fees, and how it stands out from other products tailored to cryptocurrency lovers.

What is Ibit?

In the great blockchain development era, IBIT, as a crypto trading platform, is following the trend and working together to shape the future crypto world of professional cryptocurrency trading platforms.

To build an all-in-one crypto trading platform, storage, management, and investment platform to provide over one million users from over 150 countries since June 2022.

How to Sign Up on IBIT Exchange?

First, go to the website: You can search for the IBIT Exchange Website in any browser.

After that, click on Sign Up: On the homepage, find the ‘Sign Up’ or ‘Register’ button and click on it.

Step 3 For Email Service: Enter your email, select or generate a new strong password and finish all additional solicitation.

Check Your Registered Email Account: You should look for a mail from the brokers’ firm in your inbox together with a link and confirm your account.

Complete KYC Verification (if needed): Identify yourself by submitting the required documents: an ID and address confirmation then wait for the approval.

Now it’s time to trade: After completing the verification procedure, go back to your IBIT Exchange account and make a deposit to start trading.

IBIT Exchange Overview

IBIT Fees

Spot Trading Fee

There is a set fee for each digital currency withdrawal to pay the block transfer charge for taking out cryptocurrencies outside of your IBIT account.

The fee for withdrawing cryptocurrency is determined by the corresponding mainnet. In case of network congestion or other situations, the mainnet may adjust the fee without prior notice.

You can check the real-time rates on the withdrawal page, and the rates shown on the withdrawal page will prevail.

Contract Trading Fee

The fees for exchanging digital currency contracts are known as the contract trading fee.

The typical method for calculating contract trading fees is to use a percentage of the contract value.

IBIT perpetual contract fee in the “Maker” and “Taker” two directions are different:

The formula for calculating contract trading fees is as follows:

(1) Maker: 0.040 % 
The user charges the fee when the contract position is transacted through a pending order.
(2) Taker: 0.060 % 
The fee is charged when the user takes the order to make a direct trade on his own initiative.

How Many Types of Trading Options Available

Whether in an exchange or a p2p platform, the offered trading options are of the following types:

Spot Trading: Buying or selling cryptocurrency assets with the intention of immediate delivery.

Futures Trading: Buying an asset that is not currently available and agreeing to a contract to sell it in the future for a certain amount.

Margin Trading: Using borrowed funds to multiply investment amounts.

Leverage Options: Allows purchasing or selling of assets or shares at a predetermined price at a given time but does impose a requirement to do so.

P2P Trading: An exchange of one asset for another directly without focusing on what purchase it was exchanged for.

Rewards and Yield Staking Trading: Profiting from staked funds.

IBIT Exchange Features

Contract Trading

Supports USDT perpetual contract trading, ensuring abundant depth and rapid matching for a smooth trading experience.

Flexible Leverage Trading

Supports leverage with 1-200x, with a maximum of 500x for contract leverage trading. Users can freely choose leverage, enabling small investments to yield big returns.

Copy Trading

Explore the trading history of top traders, replicate their strategies, and follow their portfolios.

Market News Updates

Keep up with market trends by checking the latest popular trading pairs when opening the IBIT.

IBIT Team

The professional team comprises Binance, Bybit, Bitfinex, and other companies.

Along with operations, technology, and business members from other top institutions in the industry, they have rich experience in professional cryptocurrency trading platforms.

At the same time, they are all believers in future of Bitcoin, Blockchain and Cryptocurrency.

IBIT Future

Diverse Investment Product Lines

As the best platform for trading cryptocurrency, IBIT introduced various investment products, including Fixed & Flexible financial plans, popular project financing, and dual-currency.

Derivatives Trading Center

Launch more derivatives such as Coin-margined perpetual contracts, Delivery contracts, Contracts for Difference(CFD), Options, etc.

Premium Project Aggregation Platform

Incubate or discover high-quality projects for the initial release on the IBIT platform, providing first-hand trading permissions and acting as a premium project incubator.

CryptoWorld Academy

Assist people in understanding the future of blockchain and online trading platforms for cryptocurrency, providing opportunities for more in-depth learning about blockchain.

Web3 System

Establish an all-in-one platform for wallet, trading, cross-chain, NFT, and DApp, build blockchain underlay and provide services.

Become an IBIT Affiliate

Join the IBIT Affiliate Program today if you are a creator of content, a community leader, a social network blogger, or a key opinion leader searching for your viewers.

IBIT will help you monetize your influence for free, earning up to 70% in rebates and increasing your passive income monthly! The registration channel is now available.

IBIT Exchange Mobile Application

The IBIT mobile application provides a seamless trading experience, allowing users to buy, sell, and manage cryptocurrencies on the go.

With an intuitive interface, real-time market updates, and robust security features, the app caters to both beginners and experienced traders.

It supports multiple trading options, quick deposits, and withdrawals, ensuring convenience and efficiency for users anywhere, anytime.

IBIT Restricted Countries

Since there are regulations or laws that are binding to them, some users may be unable to use the IBIT Exchange if they come from certain countries.

Usually, the barrier is set to countries where trade in cryptocurrency is banned altogether or strictly controlled, like some states under international sanctions regimes, areas where financial activities are closely monitored, or nations having some stipulated limitations on the application of cryptocurrencies.

For accurate date details; it is advisable to check on the IBIT Exchange platform or contact their customer support for information about the countries that are not allowed.

IBIT Exchange Customer Support

At IBIT Exchange, their customers are always taken care of since a customer support staff allows users to solve various problems.

There is a possibility of addressing the most often asked questions through email or even through a live chat option, or sometimes their website has a help centre or FAQ page.

In case users experience difficulties verifying their accounts, trading, making deposits and withdrawals, or experiencing technical issues, they can contact customer support services.

For faster assistance, it is recommended to Optimize Chat contact for fast response. Still, if this option is unavailable, then one can visit their support page for assistance and contact details.

IBIT Exchange Alternatives

Binance

This transaction site is amongst the largest and most famous types of cryptocurrency market. There are various trading pairs available, advanced options and high safety measures.

Coinbase

Great for beginner users, the website has a simple interface, good levels of safety, and educational aids.

Kraken

Apart from being one of the most reliable and safe exchanges with several cryptocurrencies, Kraken also has margins and futures contracts.

Bitfinex

A viable choice for advanced users who are used to making more complicated trading operations thanks to various instruments and a large volume of transactions.

Huobi

Huobi offers some crypto services and the ability for users to execute trades like spot trading and futures trading.

KuCoin

This exchange is known for offering a wider range of coins to trade and low trading fees, with basic and advanced trading features.

Conclusion

To summarize, the IBIT Exchange is ideal for all types of crypto traders, whether amateurs or veterans.

Its mobile application’s potential, with its important security measures and multi-trading options, makes it ideal for a crypto trader just beginning their journey or an advanced one.

But this does not come without drawbacks, as some limitations are relative to a specific country and its fees and exact service offered should always be checked with other exchanges to see what you desire as a trader.

IBIT otherwise offers a great option for those looking for an effective but easy to use exchange, Italy aside of course, however one must always perform extensive research in order to select the overall best suited guardian of their assets.