No Regulation

Score

0123456789.01234567890123456789
/10

BitoPro

China Taiwan

|

5-10 years

Suspicious Regulatory License|

High potential risk

https://www.bitopro.com/ns/home

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

B

Influence Index NO.1

China Taiwan 7.78

Better than 98.65% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
B

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

More
Company Name
BitoPro
Phone of the company
+886-2-89119333
Customer Service Email Address
support@bitopro.com

WikiBit Risk Alerts

2
Previous Detection 2024-06-21

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

$ 8.988m

$ 8.988m

73.84%

$ 1.075m

$ 1.075m

8.83%

$ 1.058m

$ 1.058m

8.69%

$ 656,501

$ 656,501

5.39%

$ 211,589

$ 211,589

1.73%

$ 46,768

$ 46,768

0.38%

$ 40,214

$ 40,214

0.33%

$ 26,674

$ 26,674

0.21%

$ 14,168

$ 14,168

0.11%

$ 12,073

$ 12,073

0.09%

$ 10,411

$ 10,411

0.08%

$ 8,231.73

$ 8,231.73

0.06%

$ 6,465.97

$ 6,465.97

0.05%

$ 5,697.03

$ 5,697.03

0.04%

$ 3,071.55

$ 3,071.55

0.02%

User Reviews

More

2 ratings

Participate in evaluation
FX1480891305
BitoPro's transaction fees are colossal, seriously cutting my profits! And don't even get me started on their subpar customer support... rubbish!
2023-10-25 17:28
7
FX1131743787
The operation interface of BitoPro is very intuitive and easy to use, with fast deposit and withdrawal speeds, making the trading experience seamless. Moreover, its customer service personnel are very enthusiastic and always willing to help solve problems.
2024-01-24 00:38
4
⭐Features Details
⭐Exchange Name BitoPro
⭐Founded in 2017
⭐Registered in Taiwan
⭐Cryoptocurrencies 27
⭐Trading Fees 0.20% for takers, 0.10% for makers
⭐24-hour trading volume $15M
⭐Customer Support FAQs, Live Chat, Social Media

What is BitoPro?

BitoPro, established in 2017 in Taiwan, is a crypto exchange. With 27 cryptocurrencies listed and $15M daily trading, it charges 0.20% for takers and 0.10% for makers. Beyond the exchange, BitoPro offers additional crypto services like digital wallets, business tools, and financial audits.

basic-info

Pros and cons

BitoPro excels in these areas:

  • Offering the convenience of choosing from various wallet options.

  • Allowing access trading through both web and mobile platforms.

BitoPro lacks these areas:

  • A smaller exchange compared to others, offering a more intimate trading experience.

  • Operating without regulatory oversight, BitoPro poses potential risks to traders due to its unregulated status.

  • Providing a selection of 27 cryptocurrencies, which is relatively limited compared to larger platforms.

  • Beginners might find BitoPro's fee structure intricate, leading to potential confusion during initial trades.

  • BitoPro solely supports Taiwan Yuan for fiat currency, limiting currency options for users from other regions.

Pros Cons
Multiple wallet options A small exchange
Both web and mobile trading available Unregulated exchange
Limited coin offered, only 27
Fee strrcuture may complex for beginners
Only Taiwan Yuan applied for fiat currency

Regulation

BitoPro operates without oversight from any regulatory authority, and the absence of regulatory oversight can potentially expose traders to vulnerabilities such as fraud, market manipulation, and inadequate customer protections. Hence, people interested in using BitoPro should carefully consider the risk of trading on an unregulated platform.

regulation

Security

  • Cold storage: The majority of BitoPro's cryptocurrency holdings are stored in cold storage, which means they are offline and not connected to the internet. This makes them much less vulnerable to hacking attacks.

  • Multi-factor authentication (MFA): All users are required to enable MFA, which requires them to enter a code from their phone in addition to their password when logging in. This adds an extra layer of security to prevent unauthorized access to accounts.

Cryptocurrencies Available

As of August 25, 2023, BitoPro features 27 cryptocurrencies. It consistently adds 1-2 new coins per quarter.

Here are the top 10 cryptocurrencies listed on the BitoPro exchange:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Tether (USDT)

  • Binance Coin (BNB)

  • Dogecoin (DOGE)

  • XRP (XRP)

  • Cardano (ADA)

  • Solana (SOL)

  • Terra (LUNA)

  • Avalanche (AVAX)

How to open an account?

To register on BitoPro, follow these steps:

1. Visit the BitoPro website and click on the “Register” button.

open-account

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

open-account

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

4. Complete the KYC (Know Your Customer) verification process by providing the required personal information and supporting documents.

5. Set up two-factor authentication (2FA) for added security to your account. This may involve linking your account to a mobile authenticator app, such as Google Authenticator.

6. Once your account is fully verified and secured, you can start using BitoPro to trade and manage your cryptocurrencies.

Trading Fees

Your VIP fee level at BitoPro is determined by either your trading volume in the last 30 days or your BITO holdings from the previous day. To calculate this, the system assesses the trading volume of the past 30 days at 00:00 (UTC+8) daily. This trading volume is then converted into New Taiwan Dollar (TWD) for accurate assessment. This approach ensures that your VIP fee level reflects your recent trading activity and engagement with the exchange.

VIP Level Trading Volume in First 30 Days Open Interest in Previous Day Maker Fee Taker Fee Maker Fee (BITO Discount 20%) Taker Fee (BITO Discount 20%) Grid Maker Fee Grid Taker Fee
0 < 3,000,000 TWD or < 3,000 BITO < 100,000 0.10% 0.20% 0.08% 0.16% 0.05% 0.05%
1 ≥ 3,000,000 TWD or ≥ 3,000 BITO ≥ 100,000 0.09% 0.18% 0.07% 0.14% 0.05% 0.05%
2 ≥ 10,000,000 TWD or ≥ 10,000 BITO ≥ 300,000 0.07% 0.14% 0.06% 0.11% 0.05% 0.05%
3 ≥ 30,000,000 TWD or ≥ 20,000 BITO ≥ 500,000 0.06% 0.12% 0.05% 0.10% 0.05% 0.05%
4 ≥ 150,000,000 TWD and ≥ 20,000 BITO ≥ 1,000,000 0.01% 0.10% 0.01% 0.08% 0.05% 0.05%
5 ≥ 300,000,000 TWD and ≥ 20,000 BITO ≥ 3,000,000 0.01% 0.09% 0.01% 0.07% 0.05% 0.05%
6 ≥ 600,000,000 TWD and ≥ 30,000 BITO ≥ 5,000,000 0.01% 0.05% 0.01% 0.04% 0.05% 0.05%

When using BITO Coin, you can enjoy potential transaction fee discounts of up to 50%, outlined as follows:

  • In the initial year, a 50% discount

  • In the second year, a 30% discount

  • In the third year, a 20% discount

  • In the fourth year, a 10% discount

  • In the fifth year, no discount applies

These discounts progressively reward ongoing BITO Coin usage over the years.

Deposit and Withdrawal

BitoPro offers the following supported deposit methods for users to choose from:

  • Bank Wire Transfer (BitoPro accepts wire transfer deposits and no credit card deposits)

  • Prepaid Card

  • Cryptocurrency Wallets

Depositing funds on BitoPro is fee-free. However, for each withdrawal, a deduction of 0.0004 BTC is applied. This withdrawal fee is notably lower than the industry average, emphasizing BitoPro's dedication to user-friendly services. Other exchanges often charge around 0.0006 BTC for withdrawals, making BitoPro's fee more favorable.

Customer Support

For those who are new to the platform, navigating it for the first time is hassle-free. You'll find a FAQ section that specifically addresses the questions of newcomers. Moreover, a support center is available to assist both users and clients. This includes options like Telegram chat, live chat, and even social media giveaways as part of the support.

customer-support

Is BitoPro a Good Exchange for You?

BitoPro may be a good exchange for traders in the following types:

  • Traders who are reside in Taiwan.

  • Traders who love to trade cryptos through mobile apps.

  • Traders who prefer multiple wallet options

Compare with other exchanegs

Features
brand
brand
brand
brand
Trading Fees 0.20% for takers, 0.10% for makers 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 27 500+ 11 200+
Regulation Not regulated Regulated by NMLS, MAS/FinCEN (Exceeded) Regulated by FSA ( Japan), NMLS, CSSF, DFI, NYSDFS Regulated by NMLS , FCA, NYSDFS, SEC (Exceeded), FINTRAC (Exceeded)

Conclusion

BitoPro offers various wallet choices and accessible web and mobile trading. However, being an unregulated exchange with limited coins and potentially intricate fee structures, users should exercise caution. Furthermore, exclusive support for Taiwan Yuan as fiat currency might restrict international traders. It's crucial to carefully weigh these factors before considering BitoPro for trading.

FAQs

Q: What is the purchase limit?

A: There is no limit on total purchase orders, the minimum purchase is 0.1ETH.

Q: How to purchase?

A: To prevent fraud, tokens can only be purchased through the BitoPro Exchange.

Q: How much is the deposit fee?

A: There is no fee for depositing. If you add a very small number of currencies, there will be a fee (currently not charged).

Q:What's the discount rate by using BITO to pay for trading fees?

A: Using BITO Coin may result in discounts to transaction fees of up to 50%, as detailed

below:

● The first year, 50%

● The second year, 30%

● The third year, 20%

● The fourth year, 10%

● The fifth year, none

Q: Is KYC required ?

A: Users who would like to purchase need to register BitoPro and complete Level 1 verification.

User Review

User 1:

I've been using BitoPro for a while now and I must say, their security measures are top-notch. I feel confident knowing that my personal information and funds are well-protected. The interface is also user-friendly, making it easy for me to navigate and execute trades. The range of cryptocurrencies available for trading is impressive, allowing me to diversify my portfolio. The customer support team has been helpful in addressing my inquiries promptly. However, I do wish the trading fees were a bit lower, as they can add up over time.

User 2:

I have been impressed with BitoPro's regulatory compliance and commitment to investor protection. Knowing that the exchange is regulated adds an extra layer of transparency and accountability. The interface is sleek and intuitive, making trading a breeze. I appreciate the liquidity on the platform, as it ensures smooth order execution. The wide range of cryptocurrencies available for trading caters to my diverse investment interests. The customer support team has been responsive and helpful in resolving any issues I've encountered. However, I would appreciate faster deposit and withdrawal speeds, as sometimes it takes longer than expected. Overall, BitoPro is a reliable exchange that offers a secure and user-friendly trading experience.

Risk Warning

Cryptocurrency 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.