GOARBIT

Overview of GOARBIT

GOARBIT, a Malta-based virtual currency exchange founded at 2021, offers a diverse range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin. Operating without valid regulations, it provides users with 24/7 live chat support and a variety of deposit and withdrawal options, promoting flexibility.

However, with a maximum leverage of 1:50 and potential trading platform availability concerns, traders should carefully assess their risk tolerance and preferences. The platform's tiered fee structure, decreasing with higher trading volumes, and additional services like staking and lending enhance the overall trading experience, albeit with inherent risks due to the absence of regulatory oversight.

Pros and Cons

Regulation

GOARBIT currently has no valid regulations. This regulatory status can pose risks to traders. Without regulations, there is a higher chance of fraudulent activities, hacks, and market manipulation. Traders using unregulated exchanges may face challenges when it comes to dispute resolution or seeking legal recourse in case of issues.

Security

Goarbit has been flagged as an unregulated platform with no oversight by any recognized financial authority, which raises significant concerns about its safety and reliability for users . The platform's operations have been associated with scam activities, including unrealistic promises of high returns and a lack of transparency . Users are cautioned against investing with Goarbit due to these risks and are advised to seek regulated and verified partners for trading on financial markets .

Trading Market

Goarbit offers a wide variety of trading assets, including:

• Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Solana (SOL), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), Polygon (MATIC), Polkadot (DOT), Shiba Inu (SHIB), Dai (DAI), Wrapped Bitcoin (WBTC), Chainlink (LINK), and many more.
• Fiat currencies: US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Franc (CHF), and New Zealand Dollar (NZD).
• Stocks: Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Tesla (TSLA), Alphabet (GOOG), Meta Platforms (META), NVIDIA (NVDA), Berkshire Hathaway (BRK.A), and many more.
• ETFs: SPDR S&P 500 ETF Trust (SPY), Invesco QQQ (QQQ), iShares Core S&P Total US Stock Market ETF (ITOT), iShares Russell 1000 ETF (IWB), Vanguard Total Stock Market ETF (VTI), and many more.
• Commodities: Gold (XAU), Silver (XAG), Oil (WTI), Natural Gas (NG), and Copper (HG).

Goarbit also offers a variety of trading pairs, including BTC/USDT, ETH/USDT, BNB/USDT, SOL/USDT, USDC/USDT, DOGE/USDT, ADA/USDT, and many more.

Cryptocurrencies available

GOARBIT offers a diverse selection of cryptocurrencies for trading on its platform. Some of the cryptocurrencies available include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are among the most popular and widely traded digital assets in the virtual currency market.

Services

In addition to its core trading services, Goarbit offers a variety of other services to its users, including:

• Staking: Goarbit allows you to earn rewards by staking your cryptocurrencies.
• Lending: Goarbit allows you to lend your cryptocurrencies to other traders and earn interest.
• Earn: Goarbit offers a variety of ways to earn rewards, such as through its referral program and airdrops.
• Learn: Goarbit provides a variety of educational resources to help you learn about cryptocurrency trading.

These services can help you to make the most of your Goarbit experience and achieve your financial goals.

How to open an account？

The registration process of GOARBIT can be completed in six simple steps:

1. Visit the GOARBIT website and click on the “Sign Up” or “Register” button to initiate the registration process.

2. Fill out the registration form by providing your personal details, including your name, email address, and password.

3. Read and accept the terms and conditions of the platform.

4. Verify your email address by clicking on the verification link sent to the email provided during registration.

5. Provide additional information, such as your residential address and phone number, to complete the verification process.

6. Once the verification process is complete, you can log in to your GOARBIT account and start exploring the platform and its features.

How to Buy Cryptos？

Here is a step-by-step guide on how to buy cryptocurrency on Goarbit:

Create an account

• Go to the Goarbit website and click on the “Sign Up” button.
• Complete your profile by providing the necessary personal information, such as your full name, date of birth, and country of residence. Verify your identity.

Deposit funds

• Click on the “Deposit” button and select the cryptocurrency you want to deposit.
• Follow the instructions to deposit your funds.
• Once your funds have been deposited, they will be available for trading.

  Buy cryptocurrencies

• Click on the “Exchange” button and select the cryptocurrency you want to buy.
• Enter the amount you want to buy and click on the “Buy” button.
• Your order will be executed, and you will be the proud owner of your newly purchased cryptocurrency!

  Fees

  GOARBIT charges trading fees based on a tiered structure, where fees decrease as trading volumes increase. The specific fee structure can be found on the GOARBIT website or platform.

Services	Fees
Deposit	No deposit fees
Withdrawal	Varies by cryptocurrency
Trading	Maker fee: 0.1%; Taker fee: 0.2%
Margin trading	Interest rate: 0.02% per day
Other fees	Vary

• Deposit fees: There are no deposit fees for depositing cryptocurrencies into your GOARBIT account. However, there may be fees charged by your cryptocurrency exchange or payment processor.
• Withdrawal fees: Withdrawal fees vary depending on the cryptocurrency you are withdrawing. For example, the withdrawal fee for Bitcoin is 0.0005 BTC, while the withdrawal fee for Ethereum is 0.004 ETH.
• Trading fees: GOARBIT charges a maker-taker fee model for trading. The maker fee is 0.1%, while the taker fee is 0.2%. This means that if you place a limit order that is filled, you will pay a 0.1% fee. If you place a market order that is filled immediately, you will pay a 0.2% fee.
• Margin trading fees: GOARBIT charges an interest rate of 0.02% per day for margin trading. This means that if you borrow 1 BTC to trade, you will pay 0.02 BTC per day in interest.
• Other fees: GOARBIT may also charge fees for other services, such as account funding, account verification, and customer support.

Deposit & Withdrawal

GOARBIT offers a variety of deposit and withdrawal methods to cater to different user preferences. Some of the deposit methods available include bank transfers, credit/debit cards, and e-wallets like PayPal, Skrill, and Neteller. The platform aims to provide flexibility and convenience for users when it comes to funding their accounts.

In terms of withdrawal methods, users can typically choose from options such as bank transfers, e-wallets, and credit/debit cards. This allows users to easily withdraw their funds using their preferred payment method.

The processing time for deposits and withdrawals on GOARBIT vary depending on the chosen method. Bank transfers and e-wallet withdrawals take a few business days to process, while credit/debit card deposits and withdrawals are often processed more quickly.



Customer Support

Users can typically reach out to the customer support team through various contact channels, such as email (support@goarbit.com), and live chat. These channels provide users with options to communicate their concerns or seek assistance.

In terms of supported languages, GOARBIT aims to provide support in multiple languages to cater to a diverse user base. The specific languages supported by the customer support team can be verified on the GOARBIT website or platform.

Is GOARBIT a Good Exchange for You？

Goarbit is a great exchange for traders who want to earn rewards through staking and lending. The exchange offers a variety of staking and lending options, as well as a referral program that allows users to earn rewards by inviting their friends to join Goarbit.Goarbit is the best exchange for traders who want to earn rewards through staking and lending.

GOARBIT caters to a diverse range of users, making it suitable for both beginners and experienced traders. Its user-friendly interface and 24/7 live chat support enhance accessibility, appealing to novices entering the cryptocurrency market.

Additionally, the variety of deposit and withdrawal options, including bank transfers and e-wallets, provides flexibility for users with different preferences. The platform's extensive selection of over 240 cryptocurrencies offers seasoned traders opportunities for diversification and exploration. However, individuals seeking higher leverage may find the platform less suitable due to its maximum leverage of 1:50. Overall, GOARBIT accommodates a broad spectrum of cryptocurrency enthusiasts.

FAQs

Q: How can I deposit funds on GOARBIT？

A: You can deposit funds on GOARBIT using various methods, including bank transfers, credit/debit cards, and e-wallets like PayPal, Skrill, and Neteller.

Q: What cryptocurrencies are available for trading on GOARBIT？

A: GOARBIT offers a diverse selection of cryptocurrencies, including popular options like Bitcoin (BTC), Ethereum (ETH), Ripple, Litecoin, and many more, totaling over 240 supported digital assets.

Q: What are the trading fees on GOARBIT？

A: GOARBIT employs a tiered fee structure where trading fees decrease as trading volumes increase. The maker fee ranges from 0% to 0.49%, and the taker fee varies from 0.04% to 0.49%.

Q: Is GOARBIT regulated？

A: Currently, GOARBIT operates without valid regulations, meaning it lacks official oversight from regulatory authorities.

Q: What additional services does GOARBIT offer？

A: GOARBIT offers services such as staking, lending, and various ways to earn rewards, including a referral program and airdrops.