What is BitoPro?
Established in 2017, BitoPro is a cryptocurrency exchange registered in Taiwan. The BitoPro firm not only manages the BitoPro Exchange but also provides additional cryptocurrency solutions including digital wallets, business applications, and financial auditing,…
Advantages of BitoPro:
- Substantial trade volumes and a wide variety of coins and cryptocurrencies;
- An extensive selection of investment solutions with different assets;
- Low commission fees and a lot of options for reducing commissions;
- High stability of the TradingView terminal in the browser;
- Exclusive application for mobile trading;
- No minimum deposit required, simple account verification process;
- High level of platform information security;
- Multiple options to contact technical support (via phone, email, tickets).
Disadvantages of BitoPro:
- The fiat currency accepted is only the Taiwan dollar
- Demo accounts are not supported;
- The website is not localized.
US-traders
US investors are not prohibited from trading on this platform, but they should still thoroughly evaluate any potential problems related to their citizenship or country of residence.
Mobile Support
Typically, investors use desktop computers for trading. Nonetheless, a sizable portion of the population also prefers to utilize their mobile device when making bitcoin investments. For those of you who fall into the above group, BitoPro is now available with a mobile application. You can download it through both the AppStore and Google Play.
BitoPro Trading View
Exchanges differ in their views on trade. There is also no “it overview is the best” one. You should decide which trading approach is particularly fit for you. A price chart of the selected cryptocurrency, order history, and the order book, or at least a portion of it, frequently appears in all of the interfaces. Typically, they also feature purchase and sell boxes. Try to look at the trading view before selecting an exchange to make sure it seems good for you. The BitoPro’s trading view is displayed below:
BitoPro Fees
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BitoPro Trading fees
It is important that you are constantly aware of the fees associated with any exchange you are considering. Each transaction is made up of two parties: the maker, whose order exists on the order book before the trade, and the taker, who places the order that matches (or “takes”) the order of the maker. By matching makers’ orders with their own, takers eliminate the liquidity that makers create in a market.
BitoPro charges takers 0.20% in trading fees. This charge is consistent with the industry average. In addition, the exchange also offers a discount to makers, who trade at a fee of 0.10%. For investors who are not interested in picking up existing orders from the order book, the latter approach is quite beneficial.
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BitoPro Withdrawal fees
Withdrawal fees from BitoPro are 0.0004 BTC for each withdrawal, which is a little less than the industry average. The last time Cryptowisser conducted comprehensive empirical research on the topic, the average BTC withdrawal fee all over the world was around 0.0006 BTC per withdrawal. A reasonable and user-friendly charge of 0.0004 BTC for every BTC withdrawal is approximately 33% less than the industry average.
Deposit Methods
BitoPro does not accept credit card deposits but it accepts wire transfers. As we notice, credit card deposits are not permitted at any other Taiwanese exchange. If you need to buy your first cryptocurrency after depositing with a credit card, you can use Exchange Finder to find another trading platform.
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