Bit.com cryptocurrency exchange was introduced to the market by Matrixport in the year 2020. Since then, the company has been at the forefront of driving innovation in financial products by developing the most effective crypto trading tools, user safety, and overall experience. It has different levels of KYC requirements for deposit, withdrawal, and spot trading that are necessary to be fulfilled.
Access to Bit.com and the services it provides is not accessible to persons or businesses that are located in the areas of Asia including China Mainland, Hong Kong, the Democratic People's Republic of Korea, Japan, Iran, Singapore, Syria, American Samoa, Canada, Cuba, Guam, Puerto Rico, The Northern Mariana Islands, United States of America, Crimea, and Sevastopol.
The Bit.com volume is variable and changes according to market fluctuation. Bit.com crypto exchange is available on mobile and desktop.
Markets
Bit.com has a tool called Unified Margin, which enables users to effectively trade Bit.com spot, margin, perpetual, futures, and options with the same account rather than having to move cash between several accounts. There are around 80+ Bit.com trading pairs available on the exchange.
It offers both crypto-crypto and crypto-fiat exchange options. Thus, users are able to add both cryptocurrencies and fiat money to their Bit.com Exchange account. Both can be done via bank wire transfers and transactions made with credit or debit cards.
A withdrawal fee of 0.0005 Bitcoin is charged by the Bit.com Exchange for each Bitcoin that is withdrawn. There are different Bit.com exchange fees according to the VIP levels. Overall, there are 6 levels that depend on the 30-Day trading volume (USD). Maker fees range from -0.01% to 0.02%, while taker fees range from 0.035% to 0.05%.
Bit.com provides customers with access to a spot exchange through which they may get the current price of the market. In spot trading on Bit.com, the two kinds of orders available are known as Limit orders and Market orders. In contrast, a market order will fill your order at the price that is currently being offered on the market, while a limit order will enable you to choose your market price before placing your purchase.
Moreover, users are allowed to establish long or short positions using USDT-Margined futures, and they may benefit regardless of whether the price of the underlying asset increases or decreases. This feature was formally released by Bit.com on March 15, 2022, and users of the Unified Margin Mode are the only people who may utilize it. Users who are logged in under the Classic mode do not have access to it, but they may switch to the Unified mode to make use of it.
Bit.com crypto exchange already holds a position with a USDT–margined perpetual swap that has no expiration date, and USDT-M futures are entitled to and denoted in USDT.
In terms of options trading, note that the prices of underlying assets such as equities, commodities, currency exchange, and cryptocurrencies may have an effect on the value of options. Buyers of options contracts have the right but not the obligation to buy or sell the underlying asset. Sellers of such options, on the other hand, must act in accordance with the terms of their contracts if the options expire with a positive time value. In contrast to holders of futures contracts, they are under no obligation to purchase or dispose of the underlying asset, even if they so choose.
About the Company
A subsidiary of Matrixport, Bit.com is an exchange that offers a complete range of cryptocurrency-related services. Matrixport is a cryptocurrency bank that was founded in 2019. It is among the top three most active exchanges for cryptocurrency options owing to the Bit.com trade volume.
Users don't have to go through the enormous effort of transferring money between numerous accounts or swapping crypto back and forth to trade different instruments since they may utilize Bit.com's single account instead.
Bit.com cryptocurrency exchange was developed with top-tier security and risk management features to guarantee a better trading experience by harnessing best-in-class liquidity.
Jihan founded Matrixport in 2019, after having previously co-founded the mining chip behemoth Bitmain Technologies and then quitting the company in 2021. Matrixport is Jihan's second endeavor.
Jihan was the first person to translate Satoshi Nakamoto's whitepaper for Bitcoin into Mandarin in 2011, and he is a dedicated pioneer in China's embryonic blockchain business. He founded China's first bitcoin community site, Babite, and he was the first person to do so.
In 2018, he was named one of Fortune magazine's "40 young people under 40" for his pioneering work in the field of financial technology and his impact on the world of business.
