No Regulation

Score

0123456789.01234567890123456789
/10

fatbtc

Seychelles

|

2-5 years

Suspicious Regulatory License|

Medium potential risk|

https://www.fatbtc.com/

Website

Yesterday Vol
Rating Index
Influence

Influence

C

Influence Index NO.1

Netherlands 2.85

Better than 96.25% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
C

Licenses

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

Exchange Info

More
Company Name
fatbtc
Phone of the company
--
Facebook
--
More
Customer Service Email Address
123@fatbtc.com
market@fatbtc.com

WikiBit Risk Alerts

1
Previous Detection 2024-03-28

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

By company

$ 1.368m

$ 1.368m

50.74%

$ 878,776

$ 878,776

32.57%

$ 326,690

$ 326,690

12.11%

$ 30,038

$ 30,038

1.11%

$ 22,528

$ 22,528

0.83%

$ 14,681

$ 14,681

0.54%

$ 13,132

$ 13,132

0.48%

$ 12,940

$ 12,940

0.47%

$ 10,935

$ 10,935

0.4%

$ 8,654.58

$ 8,654.58

0.32%

$ 3,453.41

$ 3,453.41

0.12%

$ 1,873.67

$ 1,873.67

0.06%

$ 1,867.14

$ 1,867.14

0.06%

$ 1,777.36

$ 1,777.36

0.06%

$ 1,262.15

$ 1,262.15

0.04%

User Reviews

More

1 ratings

Participate in evaluation
BIT3836282613
F net was a fraud platform. It only allowed small amount of withdrawal. I was unable to withdraw the large capital.
2021-07-21 22:53
0
0
Aspect Information
Company Name Fatbtc
Registered Country/Area Seychelles
Founded year 2019
Regulatory Authority Unregulated
Numbers of Cryptocurrencies Available 100+
Fees Maker fee 0.2%, taker fee 0.2%
Payment Methods Bank transfer, credit/debit card, cryptocurrency, P2P trading
Customer Support Email, live chat, social media, ticket system

Overview of fatbtc

FatBTC is a cryptocurrency exchange established in 2019 and registered in Seychelles. The platform offers trading for 100+ cryptocurrencies, including major ones like Bitcoin, Ethereum, and Tether. With a 24-hour trading volume of $5 million, FatBTC provides a moderate trading environment. The exchange operates on a maker-taker fee structure, with makers paying a fee of 0.2% and takers paying a fee of 0.2%. However, it's important to note that FatBTC currently lacks valid regulation, which may pose potential risks due to the absence of regulatory oversight. Traders should exercise caution when considering trading on this platform.

Overview of fatbtc

Pros and cons

Pros:

Wide Range of Cryptocurrencies: FatBTC offers a diverse selection of cryptocurrencies, making it attractive for traders interested in various digital assets.

Moderate Trading Volume: With a 24-hour trading volume of $5 million, the exchange provides a decent level of liquidity for trading.

Security Measures Implemented: FatBTC claims to prioritize security through cold storage, multisig wallets, 2FA, and SSL encryption, enhancing user fund protection.

Multiple Payment Methods: Users can choose from various payment options, including bank transfers, credit/debit cards, and cryptocurrencies, offering flexibility.

Transparent Fee Structure: The exchange maintains a straightforward fee structure, charging both makers and takers a uniform rate of 0.2%.

Cons:

Lack of Regulation: FatBTC operates in an unregulated environment, potentially exposing users to higher risks and a lack of regulatory safeguards.

Delisting of Cryptocurrencies: The exchange has a history of delisting cryptocurrencies, which may affect traders holding those assets.

Relatively High Fees (0.2%): Compared to some competitors, FatBTC charges relatively high trading fees of 0.2% for both makers and takers.

Unregulated Environment: The absence of regulatory oversight may result in uncertainties regarding security, dispute resolution, and overall platform reliability.

Pros Cons
Wide Range of Cryptocurrencies Lack of Regulation
Moderate Trading Volume Delisting of Cryptocurrencies
Security Measures Implemented Relatively High Fees (0.2%)
Multiple Payment Methods Unregulated Environment
Support for P2P Trading Potential Risk and Uncertainty
Transparent Fee Structure

Regulatory Authority

FatBTC is currently not regulated by any financial authority. This means that the exchange operates without oversight or supervision from a regulatory body. As a result, users should be aware of the potential risks and uncertainties associated with trading on an unregulated platform. The absence of regulatory oversight can impact user protections, security measures, and dispute resolution mechanisms. Traders considering using FatBTC should carefully evaluate the risks and benefits of trading on an unregulated exchange before making any investment decisions.

Regulatory Authority

Security

FatBTC claims to take security seriously and has implemented a number of measures to protect its users' funds. These measures include:

Cold storage: FatBTC stores the majority of its users' funds in cold storage, which means that they are offline and not connected to the internet. This makes them less vulnerable to cyberattacks.

Multisig wallets: FatBTC uses multisig wallets, which require multiple signatures to authorize a transaction. This makes it more difficult for unauthorized users to access funds.

2FA: FatBTC offers two-factor authentication (2FA), which adds an extra layer of security to user accounts. 2FA requires users to enter a code from their smartphone in addition to their password when logging in.

SSL encryption: FatBTC's website uses SSL encryption, which protects user data from being intercepted by third parties.

Cryptocurrencies Available

FatBTC currently lists over 100+ cryptocurrencies, including Bitcoin, Ethereum, and Tether. However, it is important to note that the number of cryptocurrencies listed on fatbtc is constantly changing. The exchange has a reputation for being quick to list new cryptocurrencies, but it also has a history of delisting cryptocurrencies that are no longer popular or that have been involved in scams.

Cryptocurrencies Available

How to open an account?

The registration process of Fatbtc is as follows:

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

open account

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

3. Agree to the terms and conditions of Fatbtc and click on the “Register” button.

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

5. Complete the KYC (Know Your Customer) verification process by submitting the required identification documents, such as a government-issued ID or passport.

6. Once your account has been successfully verified, you can start using Fatbtc to trade cryptocurrencies and access the platform's features and services.

Fees

The fees on FatBTC for cryptocurrency trading follow a simple and uniform structure, with both makers and takers incurring the same fee rate of 0.2%.

Type Fee
Maker 0.2%
Taker 0.2%

Payment Methods

FatBTC currently supports the following payment methods for deposits and withdrawals:

Bank Transfer: FatBTC supports bank transfers in a variety of currencies, including USD, EUR, and GBP.

Credit/Debit Card: FatBTC supports credit and debit cards issued by a variety of major banks.

Cryptocurrency: FatBTC supports deposits and withdrawals of a variety of cryptocurrencies, including Bitcoin, Ethereum, and Tether.

P2P Trading: FatBTC also supports P2P trading, which allows users to trade cryptocurrencies directly with each other.

Payment Methods

Is fatbtc a Good Exchange for You?

FatBTC offers a diverse range of over 100 cryptocurrencies, including major ones like Bitcoin, Ethereum, and Tether, making it suitable for traders interested in a wide variety of digital assets. With a 24-hour trading volume of $5 million, the exchange provides a decent level of liquidity for trading. Security measures such as cold storage, multisig wallets, 2FA, and SSL encryption contribute to user fund protection. Multiple payment methods, including bank transfers, credit/debit cards, and cryptocurrencies, offer flexibility for users. The exchange maintains a transparent fee structure with a uniform rate of 0.2% for both makers and takers. However, FatBTC operates in an unregulated environment, potentially exposing users to higher risks and uncertainties. The history of delisting cryptocurrencies and relatively high trading fees should also be considered. Traders who value the variety of listed cryptocurrencies and can navigate potential risks might find FatBTC suitable for their needs.

Conclusion

In conclusion, FatBTC presents a diverse array of 100+ cryptocurrencies, accompanied by moderate liquidity with a 24-hour trading volume of $5 million. Its security measures, including cold storage, multisig wallets, and 2FA, enhance user protection, and a straightforward fee structure simplifies trading costs. However, the exchange's lack of regulatory oversight raises concerns about user safeguards, while its history of delisting cryptocurrencies and relatively high fees of 0.2% for both makers and takers could deter some traders. As a result, traders seeking variety and moderate liquidity might consider FatBTC, but they should remain cautious of the potential risks associated with an unregulated environment.

FAQs

Q: Is FatBTC a regulated exchange?

A: No, FatBTC is currently unregulated and operates without oversight from any regulatory authority. Traders should be aware of the potential risks of trading on an unregulated platform.

Q: What is the trading fee structure on FatBTC?

A: FatBTC uses a maker-taker fee model, with both makers and takers incurring a fee rate of 0.2% for cryptocurrency trading.

Q: What security measures does FatBTC employ?

A: FatBTC claims to prioritize security through various measures, including cold storage for user funds, multisig wallets for transaction authorization, two-factor authentication (2FA) for account protection, and SSL encryption for data security.

Q: How many cryptocurrencies does FatBTC list?

A: FatBTC offers trading for over 100+ cryptocurrencies, providing traders with a diverse range of digital assets to choose from.

Q: Are there any alternative payment methods available on FatBTC?

A: Yes, FatBTC supports a variety of payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and cryptocurrencies. The exchange also supports peer-to-peer (P2P) trading for direct cryptocurrency exchanges between users.

User Review

User 1: I've been trading on Fatbtc for a while now, and I must say that I'm quite satisfied with their security measures. They have two-factor authentication and encryption in place, which gives me peace of mind. The only downside is that they don't disclose their regulatory authority, which makes me a bit skeptical about their compliance with industry regulations. However, overall, I feel that my funds and personal information are relatively secure.

User 2: Fatbtc has a wide range of cryptocurrencies available for trading, which is fantastic. I love the fact that I can explore different investment opportunities and diversify my portfolio. However, their customer support can be a bit slow in responding to queries. It would be great if they could improve their response time and provide more timely assistance. Also, I find their trading fees to be on the higher side compared to other exchanges I've used. It would be nice if they could lower their fees to make it more competitive in the market.

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.