Bitbank is a Japanese exchange that focuses on trading Bitcoin and other cryptocurrencies against the local currency, JPY. Coin-to coin trading is also enabled.
What makes Bitbank stand out anong its competitors is that it currently does not charge any trading and deposit fees. In fact, clients if Bitbank pay only for withdrawals out of the exchange.
Bitbank uses both hot & cold wallets, but online wallets are provided in partnership with BitGo, a specialized crypto security company.
Launched in March 2017, Bitbank is a Japanese crypto-exchange that is typically in the top 40 of exchanges rated by their trading volume. It appears to have many strong sides the most important of which is the fact that it is duly licensed by the Japan’s Financial Services Agency.
Japan became the first country to introduce regulation of cryptocurrencies and exchanges on a national level, thus confirming its position as a Bitcoin pioneer.Furthermore, the cryptocurrencies and Bitcoin in particular, are widely accepted in Japan as a valid payment method for various goods and services.
In addition, trading at Bitbank is done an advanced platform and appears very low-cost, as its clients pay fees only on withdrawals out of the exchange. Besides, they are able to deposit and withdraw in fiat, however the only currency supported is the Japanese yen, which makes this exchange suitable mostly for locals. Besides, unlike other Japanese exchanges, this one does not offer legeraged trading. We’d like to remind you once again that forex brokers represent yet another alternative for margin trading in cryptoicurrencies, and many of them are also regulated.
|Rank||Site||Margin trading||Fiat||Safety||API||Referral||Location||Languages||Buy with||User Vote||Score|
|1||A||San Francisco, USA||EN||bank transfer, card|
|3||A||No||Hong Kong||EN||EUR, USD|
|4||No||A||Europe||EN, CZ, SK||USD, EUR|
|5||A||No||San Francisco, California, United States||EN||USD, EUR, JPY, CAD|