No Regulation

Score

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/10

ViaBTC

China

|

5-10 years

Suspicious Regulatory License|

Medium potential risk

https://www.viabtc.com/?lang=en_US

Website

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Influence

Influence

A

Influence Index NO.1

Russia 7.79

Better than 98.49% exchange(s)

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

Exchange Info

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Company Name
ViaBTC
Phone of the company
--
Customer Service Email Address
--

WikiBit Risk Alerts

1
Previous Detection 2024-04-21

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

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Yesterday Vol

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User Reviews

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1 ratings

Participate in evaluation
Wisnu Anto Reksodirdjo
ViaBTC's interface is intuitively designed and user-friendly - a big plus for new traders. I'm also impressed with the deposit and withdrawal speed, it's blazing fast!
2024-04-07 19:24
7
Aspect Information
Company Name ViaBTC
Registered Country/Area China
Founded year 2016
Regulatory Authority Unregulated
Numbers of Cryptocurrencies Available 25+
Fees Trading fees: 0.5% (Maker), 0.075% (Taker), Withdrawal fees vary by cryptocurrency
Payment Methods Cryptocurrency deposits and withdrawals only
Customer Support Email, Telegram

Overview of ViaBTC

ViaBTC is a unregulated virtual currency exchange company based in China and founded in 2016. The platform offers a wide range of cryptocurrencies, with more than 25 options available for trading. When it comes to fees, ViaBTC charges trading fees: 0.5% (Maker), 0.075% (Taker), while withdrawal fees vary depending on the specific cryptocurrency. It's worth noting that ViaBTC only supports cryptocurrency deposits and withdrawals. In terms of customer support, the company offers assistance through email and Telegram.

Overview of ViaBTC

Pros and cons

ViaBTC offers a range of advantages, including a diverse selection of cryptocurrencies available for trading, allowing users to access a broad spectrum of digital assets. The platform boasts competitive trading fees for both makers and takers, enhancing cost-efficiency for traders. Additionally, ViaBTC provides support through email and Telegram, ensuring users have channels to address their concerns and queries.

However, there are certain drawbacks associated with ViaBTC. One notable concern is that it is not regulated, potentially raising questions about accountability and investor protection. Another downside is the varying withdrawal fees depending on the specific cryptocurrency, which could lead to uncertainty for users when planning transactions. Moreover, the platform's sole support for cryptocurrency deposits and withdrawals might be limiting for those seeking to use traditional fiat currencies for trading or investing.

Pros Cons
Wide range of cryptocurrencies available for trading Unregulated
Low trading fees for both makers and takers Withdrawal fees vary depending on the specific cryptocurrency
Offers email and Telegram support Only supports cryptocurrency deposits and withdrawals

Regulatory Authority

ViaBTC operates without any specific regulatory authority. This means that the exchange is not subject to any formal oversight or regulations. While this may offer certain advantages such as freedom and flexibility, there are also disadvantages to operating without regulatory supervision.

One major disadvantage of an unregulated exchange like ViaBTC is the lack of investor protection. Without proper regulations in place, there is a higher risk of fraud and scams. Traders may fall victim to dishonest practices or encounter difficulties in case of disputes or conflicts. Additionally, the absence of regulatory oversight makes it more challenging to ensure the security and integrity of the trading platform.

To address these disadvantages, traders should exercise caution when using unregulated exchanges. It is essential to conduct thorough research on the exchange and its reputation before engaging in any transactions. Traders should also consider diversifying their holdings across multiple exchanges to mitigate risks. Moreover, it is advisable to use reputable and regulated exchanges whenever possible, as this provides an additional layer of protection.

Overall, while unregulated exchanges like ViaBTC offer certain advantages, traders should be aware of the potential drawbacks and take appropriate measures to safeguard their investments.

Security

ViaBTC prioritizes the security of its platform and takes measures to protect user assets. The exchange employs industry-standard security protocols, such as two-factor authentication (2FA), to ensure that user accounts are secure. Additionally, ViaBTC utilizes cold storage and multi-signature wallets to safeguard user funds.

To provide an added layer of protection, the exchange has implemented robust encryption and data backup mechanisms. These measures help protect user data and prevent unauthorized access to sensitive information. ViaBTC also regularly conducts security audits and assessments to identify and address potential vulnerabilities.

In terms of transaction security, ViaBTC employs strict verification processes to prevent fraudulent activities. This includes anti-money laundering (AML) and know-your-customer (KYC) procedures, which help verify user identities and ensure compliance with regulatory requirements.

However, it is important to note that no system is entirely foolproof, and there is always a residual risk of security breaches or attacks. Users should remain vigilant and follow recommended security practices, such as using strong passwords, enabling 2FA, and regularly monitoring account activities.

By implementing these security measures, ViaBTC aims to provide a secure and reliable platform for users to engage in virtual currency exchange.

Security

Cryptocurrencies Available

ViaBTC offers a wide range of cryptocurrencies for trading. Currently, the platform supports over 25 cryptocurrencies, providing users with various options to choose from. Some of the popular cryptocurrencies available on ViaBTC include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

In addition to cryptocurrency trading, ViaBTC also offers mining services. Users can participate in the mining pool provided by ViaBTC to mine cryptocurrencies such as Bitcoin, Bitcoin Cash, and Ethereum. This allows individuals to contribute to the generation of new coins and potentially earn rewards for their mining efforts.

Furthermore, ViaBTC offers a cloud mining service called “CLOUD HASH”. This service allows users to purchase mining contracts and mine cryptocurrencies without the need to set up and maintain their own mining hardware. Cloud mining provides a convenient and accessible way for individuals to engage in cryptocurrency mining without significant technical expertise.

Overall, ViaBTC provides both cryptocurrency trading and mining services, catering to individuals looking to trade or mine various cryptocurrencies.

Cryptocurrencies Available

How to open an account?

The registration process for ViaBTC is straightforward and can be completed in the following steps:

1. Visit the ViaBTC website and click on the “Sign Up” button.

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

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

4. Provide additional personal information, including your name, country of residence, and phone number.

5. Agree to the terms and conditions of ViaBTC and submit your registration.

6. Once your registration is successful, you can log in to your ViaBTC account and start trading or mining cryptocurrencies.

Fee

The maker fee and taker fee on ViaBTC are as follows:

  • Maker fee: 0.1%

  • Taker fee: 0.075%

The maker fee is charged to users who place limit orders, which are orders that are placed at a specific price and will only be executed if the market price reaches that price. The taker fee is charged to users who place market orders, which are orders that are executed immediately at the current market price.

ViaBTC also offers a tiered maker fee structure, which means that the maker fee decreases as the trading volume increases. The following table shows the maker fee tiers:

Trading volume (BTC) Maker fee
Up to 100 BTC 0.1%
100 BTC to 1000 BTC 0.08%
1000 BTC to 10000 BTC 0.06%
Above 10000 BTC 0.04%

Payment Methods

ViaBTC only supports cryptocurrency deposits and withdrawals. This means that users can deposit cryptocurrencies into their ViaBTC account and use them for trading or mining purposes. Similarly, users can withdraw their cryptocurrencies from ViaBTC and transfer them to their personal wallets or other exchanges.

The processing time for deposits and withdrawals on ViaBTC can vary depending on network congestion and other factors. Generally, cryptocurrency deposits are usually credited to the user's account within a few minutes to a few hours. Withdrawals, on the other hand, may take longer to process, especially for larger amounts or during periods of high demand. It is advisable to check the ViaBTC website or contact customer support for the most up-to-date information on processing times.

Educational Resources

ViaBTC provides educational resources and tools to help users enhance their understanding of cryptocurrency and trading. The platform offers a variety of educational materials, including articles, tutorials, and guides, which cover topics such as blockchain technology, cryptocurrency basics, trading strategies, and market analysis.

In addition to educational resources, ViaBTC also offers trading tools to assist users in their trading activities. These tools may include real-time market data, price charts, order books, and trading indicators. These tools can be valuable for users to make informed trading decisions and analyze market trends.

It is worth noting that while ViaBTC provides educational resources and tools, users should conduct thorough research and exercise caution when making investment decisions. Cryptocurrency trading involves risks, and users should seek professional advice if needed.

Educational Resources

Is ViaBTC a Good Exchange for You?

To analyze the trading groups suitable for ViaBTC, we can consider factors such as the platform's features, fees, and selection of cryptocurrencies. Based on these factors, here are some target groups that may find ViaBTC suitable for their trading needs:

1. Experienced Traders: ViaBTC offers a wide range of cryptocurrencies for trading, making it an attractive platform for experienced traders who are interested in diversifying their portfolios. The platform's low trading fees for both makers and takers can also be appealing to this group.

2. Crypto Enthusiasts: ViaBTC supports popular cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple, making it a suitable choice for crypto enthusiasts who want to trade these established coins. Moreover, the platform's mining services may also appeal to individuals interested in mining cryptocurrencies.

3. International Traders: ViaBTC operates globally and does not require users to be located in a particular country or region. This makes it a suitable platform for international traders who want to engage in virtual currency exchange without being restricted by geographical limitations.

4. Privacy-Oriented Traders: ViaBTC only supports cryptocurrency deposits and withdrawals, providing a level of privacy and anonymity for traders who wish to keep their transactions separate from traditional banking systems.

5. Traders Seeking Support: ViaBTC offers customer support through email and Telegram, providing assistance to traders who require guidance or have inquiries about the platform. This can be useful for traders who prefer direct communication with the exchange.

It is important to remember that trading cryptocurrencies involves risks, and individuals should conduct their own research and analysis before making any trading decisions. While ViaBTC may be suitable for these target groups, it is advisable for users to consider their own risk tolerance and investment strategies.

Conclusion

In conclusion, ViaBTC is a virtual currency exchange that offers a wide range of cryptocurrencies for trading, with low trading fees and email and Telegram support. However, it operates without any specific regulatory authority, which can pose risks such as the lack of investor protection and potential difficulties in case of disputes. Additionally, ViaBTC only supports cryptocurrency deposits and withdrawals, which may limit its appeal to those who prefer traditional banking systems. While ViaBTC has implemented security measures to protect user assets, it is essential for users to remain vigilant and follow recommended security practices. Overall, ViaBTC provides an opportunity for traders and crypto enthusiasts to engage in virtual currency exchange but requires caution and thorough research due to the potential disadvantages associated with operating without regulatory oversight.

FAQs

Q: What cryptocurrencies are available for trading on ViaBTC?

A: ViaBTC supports over 25 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).

Q: Can I mine cryptocurrencies on ViaBTC?

A: Yes, ViaBTC offers mining services and operates a mining pool for Bitcoin, Bitcoin Cash, and Ethereum. Users can also participate in cloud mining through ViaBTC's “CLOUD HASH” service.

Q: What is the registration process for ViaBTC?

A: To register on ViaBTC, visit the website and click on the “Sign Up” button. Enter your email address, set a secure password, complete the email verification, provide personal information, agree to the terms and conditions, and submit your registration.

Q: What payment methods does ViaBTC accept?

A: ViaBTC only supports cryptocurrency deposits and withdrawals. Users can deposit cryptocurrencies into their ViaBTC account and use them for trading or mining purposes. Similarly, users can withdraw their cryptocurrencies from ViaBTC.

Q: What educational resources and tools are available on ViaBTC?

A: ViaBTC provides educational materials such as articles, tutorials, and guides covering various cryptocurrency and trading topics. The platform also offers trading tools like real-time market data, price charts, and trading indicators.

Q: Which trading groups are suitable for ViaBTC?

A: ViaBTC may be suitable for experienced traders looking to diversify their portfolios, crypto enthusiasts interested in trading established coins, international traders seeking a global platform, privacy-oriented traders who prefer cryptocurrency transactions, and traders who require support and assistance.

User Review

User 1: I've been using ViaBTC for a while now and I must say, their security measures are impressive. I feel safe knowing that they prioritize the protection of user assets. The interface is also user-friendly and easy to navigate, making it convenient for beginners like me. However, I did encounter some issues with liquidity, especially when trading smaller cryptocurrencies. It would be great if they could improve the liquidity for a wider range of coins. Customer support has been helpful and responsive whenever I had inquiries or encountered any problems. Overall, I think ViaBTC is a reliable exchange with reasonable trading fees.

User 2: My experience with ViaBTC has been mixed. On one hand, I appreciate the wide selection of cryptocurrencies available for trading. It's great to have options and be able to diversify my portfolio. However, I was disappointed with the lack of regulation on the platform. It made me a bit apprehensive about the security of my funds. The customer support was average, as they took some time to respond to my queries. The trading fees were reasonable, but I wish they had more order types available for advanced traders. The deposit and withdrawal speeds were generally swift, which was a positive aspect. I would suggest ViaBTC to improve their privacy and data protection measures to ensure a higher level of trust among users.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.