bitazza

What is bitazza？

Bitazza, a centralized cryptocurrency exchange established in 2016 and based in Thailand, supports over 80 different cryptocurrencies. Every day, people trade about $7.7 million worth of cryptocurrencies on this platform. If you're the one making the trade happen, Bitazza charges you 0.15%. But if you're taking someone else's offer, the fee is 0.25%.

Pros and cons

bitazza excels in these areas:

• Supporting over 80 cryptocurrencies, wider than most exchanges.

• Regulated in Thailand, ensuring compliant and transparent operations.

• Bitazza is easy to use, even for beginners. The website and app are well-designed and easy to navigate.

• Crypto futures can be leveraged up to 20X for maximum potential gains.

• Offering the option for reward staking

• Offering both Spot trading and Futures trading

bitazza lacks these areas:

• Limited liquidity for some of the smaller cryptocurrencies it supports.

• Higher taker fees sit at 0.25%, a little bit higher than industry average.

• A bit of a scarcity in terms of liquidity

• Might not be accessible in every country due to varying regulations and regional restrictions

Regulation

bitazza is regulated by the Securities and Exchange Commission (SEC) and holds a Digital Currency License. The Securities and Exchange Commission (SEC) of Thailand is an independent state agency established by the Securities and Exchange Act B.E. 2535 (1992). The SEC is responsible for regulating the securities and derivatives markets in Thailand. The SEC is also a member of the International Organization of Securities Commissions (IOSCO) and the Association of Southeast Asian Nations (ASEAN) Capital Markets Forum (ACMF), cooperates with these organizations to promote investor protection and market development in the Asia-Pacific region.

Security

Bitazza boasts that it prioritises security and uses multiple methods to keep user funds safe.

• Two-factor authentication (2FA): Bitazza requires users to enable 2FA for their accounts. This adds an extra layer of security by requiring users to enter a code from their phone in addition to their password when logging in.

• Cold storage: Bitazza stores the majority of user funds in cold storage, which means that they are offline and not connected to the internet. This makes them much less vulnerable to attack.

• Regular audits: Bitazza undergoes regular audits by independent security firms to ensure that its security measures are effective.

Trading Markets

Bitazza provides a range of trading markets, primarily focusing on cryptocurrencies. Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology. Users on the Bitazza platform can trade a variety of cryptocurrencies, including well-known ones like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many others.

Cryptocurrencies available

Currently, Bitazza supports over 80 cryptocurrencies. Here is a list of the top 5 cryptocurrencies by market capitalization that are available on Bitazza:

You can find the full list of cryptocurrency available on the bitazza exchange here: https://trade.bitazza.com/gl/exchange.

Bitazza has a fairly quick coin listing speed. They typically list new cryptocurrencies within a few weeks of receiving a request from the project team. However, the exact listing time may vary depending on the cryptocurrency and the project team's compliance with Bitazza's listing requirements.

Other Services

Bitazza offers a diverse range of products and services beyond cryptocurrency trading on its platform:

1. Bitazza App:

• User-friendly platform for easy cryptocurrency trading.

• Real-team

2. Freedom Card:

• VISA card enabling users to top up and spend cryptocurrencies worldwide.

• Integrates traditional payment networks for everyday transactions.

3. Bitazza OTC:

• Target

• Compliance-focused solution for institutional or large-scale traders.

4. Freedom NFT:

• Web3-po

• Goes beyond digital collectibles, offering practical use within applications.



How to open an account？

The registration process for Bitazza can be completed in six simple steps.

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



2. Provide your email address and choose a secure password for your account.



3. Verify your email by clicking on the confirmation link sent to your registered email address.

4. Complete the Know Your Customer (KYC) process by submitting the required identification documents, such as a passport or ID card, as well as proof of address.

5. Wait for your KYC documents to be reviewed and approved by the Bitazza team.

6. Once your account is approved, you can log in and start trading on the Bitazza platform.

How to Buy Cryptos？

Spot Trading:

1. Create an Account: Sign up on Bitazza by providing necessary details and verifying your identity.

2. Deposit Funds: Put money into your Bitazza account using methods like bank transfers or cryptocurrencies.

3. Go to Spot Trading: Navigate to the spot trading section on Bitazza's platform.

4. Buy Order: Choose the cryptocurrency you want, specify the amount, and set the price. You can also make a quick market order.

5. Stay Secure: Enable security features like two-factor authentication for account safety.

Futures Trading:

1. Bitazza Global Account: Open a Bitazza Global account specifically for futures trading.

2. Deposit USDT: Add USDT (Tether) to your Spot account. This is often used for trading futures.

3. Transfer to Futures Account: Move USDT from your Spot account to your Futures account on Bitazza Global.

4. Place Trades: Use Bitazza Global's trading platform to trade cryptocurrency futures contracts. Set your trade details.

5. Research and Security: Research before trading, and choose a reliable exchange like Bitazza. Ensure your account is secure.

Fees

Bitazza charges a standard trading fee of 0.25%. When you use BTZ tokens, you can enjoy trading fee discounts of up to 70%. BTZ is Bitazza's main digital token, designed for exchanging it for products and services on their platform. With BTZ, you can pay fees at a reduced rate on Bitazza and also get rewards within the app or even in real life.

Using a Web Browser: Go to your User Settings, then choose Bitazza Levels. Click on the option that lets you use BTZ to pay for fees.

On the Mobile Application: Open the BTZ tab, and at the bottom of the screen, you'll see a toggle. Just switch it on to use BTZ for paying fees.

Deposit & Withdrawal

At Bitazza, you can only use cryptocurrencies for both depositing and withdrawing funds. To put cryptocurrency into your Bitazza account, you need to generate a specific address for the cryptocurrency type you wish to deposit. This address is available on the Bitazza website or app. Once you have it, you can send cryptocurrency from your external wallet to this address.

When you want to take cryptocurrency out of your Bitazza account, you must create an address for the cryptocurrency you plan to withdraw. You can locate this address on the Bitazza website or app. Once you've got the address, you can begin the process of withdrawing cryptocurrency from your Bitazza account.



Educational Resources

Bitazza offers a learning area called the content hub for traders who want to learn. This hub has three sections:

Beginner: This part has articles and videos made for people who are new to cryptocurrency trading.

Intermediate: Here, you'll find articles and videos meant for traders with some experience in cryptocurrency trading.

Advanced: This section is for skilled traders who want to enhance their trading abilities, with specialized articles and videos.

The content hub also has a blog that covers different cryptocurrency topics, including market analysis, trading tactics, and news updates.



Customer Support

You can get in touch with Bitazza's customer support using different methods like online chat, email, and a few social media platforms.



Is bitazza a Good Exchange for You？

Bitazza appears to be a favorable choice for specific trader profiles. Those interested in experimenting with leveraged trading for cryptocurrency futures may find the platform accommodating. Additionally, for individuals who prioritize a regulated trading environment, Bitazza's compliance measures may align with their preferences. The exchange's features cater to these distinct groups, offering a diverse set of tools and services to meet their trading preferences.bitazza maybe a good exchange for traders in the following types:

1. Traders who want to try leveraged trading for cryptocurrency futures

2. Traders who pursue a regulated trading environment

3. Traders who want to earn reward by staking

Has bitazza experienced any Controversy？

Yes, Bitazza has experienced some controversy in the past.

In 2020, the exchange was fined by the Securities and Exchange Commission of Thailand (SEC) for operating without a license. The SEC also ordered Bitazza to suspend its operations for 15 days.

In 2021, Bitazza was again fined by the SEC for failing to comply with the Anti-Money Laundering Act. The SEC also ordered Bitazza to improve its customer due diligence procedures.

Compare bitazza with other exchanges

Features
Trading Fees	0.25% ( Taker) 0.15% ( Maker)	Maker: 0.04%, Taker: 0.075%	Maker: 0.05% - 0.1%, Taker: 0.1% - 0.5%	Up to 0.40% maker fee and up to 0.60% for taker fee
Cryptocurrencies	100+	500+	11	200+
Regulation	Regulated by SEC in Thailand	Regulated by NMLS, MAS/FinCEN (Exceeded)	Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS	Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

User Reviews

Liam Johnson

22 April 2023

“I've been using Bitazza for a while now, and I must say, their security measures really give me peace of mind. The two-factor authentication and cold storage for funds make me feel like my investments are in safe hands. Plus, they offer a wide range of cryptocurrencies to trade, and the interface is so user-friendly. Customer support is quick and helpful, always addressing my queries. Trading fees are reasonable, and I appreciate how fast deposits and withdrawals happen. It's my go-to exchange!”

25 May 2023

“I had some mixed experiences with Bitazza. While their interface looks sleek, it can get a bit confusing for beginners. And let's talk about trading fees – they're not the cheapest around. Also, I've had issues with their customer support; sometimes it takes ages to get a response. On top of that, their withdrawal speed isn't the fastest. What really concerns me is the lack of clear information about regulations and privacy practices. It's hard to trust an exchange that isn't transparent about these things. I've had better experiences on other exchanges with more stability and better order options.”

Conclusion

Wrapping things up – Bitazza is all legit under the watchful eye of Thailand's SEC. They've got this cool lineup of 80+ cryptocurrencies for easy trading, including both Spot and Futures options. However, Bitazza might not be up for grabs in all spots, plus they could run a bit low on the liquidity side. Keep an eye out for those higher taker fees and think about jumping on the reward staking train. Anyway, before investing, clients are advised to thoroughly review Bitazza's offerings and consider their own risk tolerance.

FAQs

Q: What cryptocurrencies can I trade on Bitazza？

A: Bitazza offers over 100 cryptocurrencies for trading, including Bitcoin, Ethereum, Ripple, and Litecoin.

Q: How do I register on Bitazza？

A: To register on Bitazza, visit their website, click on the “Sign Up” button, provide your email address and choose a secure password, verify your email, complete the KYC process, and wait for your account to be approved.

Q: What are the deposit and withdrawal methods on Bitazza？

A: Bitazza only supports crypto transfers for deposits and withdrawals.

Q: Are there educational resources available on Bitazza？

A: Bitazza offers a learning area called the content hub for traders who want to learn.

Q: How can I contact Bitazza's customer support team？

A: Bitazza can be reached through online chat, email as well as some social media platforms.

Q: Is it safe to trade with Bitazza？

A: Bitazza is a relatively new exchange, so it is important to do your own research before deciding whether or not to use it. It is important to note that no exchange is completely safe, and Bitazza is no exception. There is always the risk that hackers could breach Bitazza's security and steal user funds.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.