Txbit is a centralized cryptocurrency exchange founded in 2016 and launched in 2019. The company is located in Amsterdam, Netherlands. Txbit cryptocurrency exchange allows users to buy, sell, swap, and trade cryptocurrencies.

Txbit requires its users to verify their identity in compliance with KYC and AML regulations. It offers two levels of verification. The first level is email verification. Users are required to activate their accounts by email after registering. Withdrawal limits apply to Level 1 verified accounts. Level 2 verification is a full verification. Accounts that have completed level two verifications enjoy unlimited withdrawal limits.

Txbit does not list restricted countries. However, investors should do their assessments to ensure they comply with the regulations in their respective jurisdictions. Txbit is available on the web.

Markets

Txbit supports spot trading. Txbit spot allows users to buy and sell various cryptocurrencies listed on the platform using their account balances. Txbit trading pairs include crypto-to-crypto and crypto-to-fiat pairs. The platform supports over 50 cryptocurrencies and has more than 85 Txbit trading pairs.

Txbit has a native token, TXBIT, which fuels many activities on the platform. It is a multi-utility and governance token.

Txbit crypto exchange offers three main products: Buy Crypto, Txbit Swaps, and Trade Crypto. The Buy Crypto feature is a simple dashboard that allows users to quickly buy the supported digital currencies. Txbit Swaps is another simplified dashboard that supports the swapping of cryptocurrencies in just a few steps. Users can swap any supported cryptocurrency.

Txbit Trade Crypto feature offers a comprehensive order book that matches buyer and seller requests. The order book has advanced features that experienced users can effectively use to gain deeper market insight. The feature has base markets for popular fiats and crypto assets such as BTC, ETH, BNB, USDT, DOGE, BPL, LUNR, EUR, and USD. The order book tracks the best market prices for digital assets and allows users to buy and sell their assets at the available market prices. The interface also shows the daily Txbit volume for specific markets. Txbit crypto price is available on the live chart.

Txbit exchange fees follow a flat fee model. Makers and takers pay a flat fee that depends on the type of account they are using. Free account attracts of 0.20% trading fee. Premium account users incur a 0.1% trading fee. Ultimate account traders enjoy 0% trading fees. Premium and Ultimate account users receive a 20% discount when they order per month or order for a whole year. The platform also charges withdrawal fees, which vary with the type of crypto asset one is transacting. Txbit crypto fees for withdrawals are fixed and do not depend on the number of cryptocurrency units withdrawn.

Other Services

Txbit crypto exchange has a referral program that rewards users for referring their friends to the platform. Users receive 25% of the fees that those they refer pay when performing trade on the platform.

Txbit also provides a powerful API that gives users programmatic access to Txbit’s trading platform. It offers easy to use API authentication method. Users can have multiple API keys, each with a different level of authentication. Txbit is broken down into three groups, including public ones and private ones. One category is the Public API, which offers users public information about markets. Public APIs do not require authentication. Another group is Market APIs, which can be used for setting and canceling orders. It requires authentication. There is also Account API, which is used for account-related functions such as balances, deposits, and withdrawal addresses. It also requires authentication as it is a private API.

Txbit crypto exchange also offers asset-listing services for ICOs, STOs, and off-chain and on-chain projects. The listing packages have varying services, some of which may attract charges.

About the Company

Txbit cryptocurrency exchange was founded in 2019 by Andrej Safranovic and Kees De Wit. The exchange is headquartered in Amsterdam, Netherlands. Txbit Global Services Limited is the company behind the Txbit exchange.

The platform has received positive growth since its launch. It has been listing more coins and gaining more users over time. Txbit trade volume has been increasing with the increase in the number of traders on the platform.

The co-founder Andrej Safranovic is an experienced value and data-driven product manager. He has been in the industry for more than 7 years, handling cross-functional software teams and projects. His professional career experience spans Business Intelligence, Healthcare, HR Management Systems, and Blockchain and cryptocurrency industries. Andrej Safranovic attended Munster Technological University. Another co-founder, Kees De Wit, is the owner of CryptoSoft. He attended Bertrand Russel College.