HomeExchangeFatbtc Crypto Exchange Review: It Is Good Or Bad?

Fatbtc Crypto Exchange Review: It Is Good Or Bad?

About Fatbtc Crypto

The Fatbtc Crypto exchange is a scam, they manipulate the market, they make you buy from them expensive and then sell them cheaper, making you believe that there is a market. Even when you place an order, you see how the graph goes up and down in a manipulated way. I do not recommend it at all.

Fatbtc Crypto Exchange is one of the many Hong Kong cryptocurrecy exchanges. It has been active since 2014. The exchange offers its user interface in many languages: Chinese, Chinese (Simplified), English Español, Tiếng Việt, , Português. You can also easily switch the language from the upper right corner of the exchange’s website.

Fatbtc Exchange Basic Points

Exchange NameFatbtc
Withdraw Fee0.0007
Deposit FeesFree. Small deposit fees apply.
Easy To Use Yes
Security High
Taker Fee0.20%
Maker Fee0.20%
Customer Support Available At Ticket & Live Chat
Official SiteHomepage

How To Start ?

How To Sign Up At Fatbtc Crypto Exchange ?

bitfinex sign up button

It Is Very Easy To Sign Up At Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Fatbtc Crypto Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Fatbtc Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

FatBTC Trading fees

Fatbtc Crypto Exchange specific exchange charges its fees on a “flat” basis. This means that they do not have different fees for takers or makers. Both parties in a trade needs to pay the same fee. FatBTC’s flat fee is 0.20%. 0.20% is slightly below the global industry average.

However, compared to its Hong Kong domestic counterparts, 0.20% is actually a bit above industry average. This is because Hong Kong exchanges typically charge lower trading fees than exchanges from other countries.

FatBTC Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to pay with Bitcoin in real life. In order to do so, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.

FatBTC doesn’t do this however. They charge a withdrawal fee of 0.0007 BTC when you withdraw BTC. This is slightly below the global industry average of 0.000812 BTC. FatBTC also does not charge any deposit fees for crypto deposits.

Deposit Methods

Fatbtc Crypto Exchange offers wire transfer as a deposit method, but you can’t deposit via credit card. The fact that FatBTC offers you the opportunity to deposit fiat currency at all makes it what they call an “entry-level exchange”.

FatBTC Mobile Support

Fatbtc Crypto Exchange platform is also available to use on your smart phone or reading tablet. All you need to do is to download the application to your iOS-device or Android-device and then start trading.

Advantages of trading with FatBTC:

  • loads of cryptocurrencies and tokens; the site’s FAT token, which can be used to reduce trading commissions;
  • simplistic, intuitive trading terminal, plus an app for mobile trading;
  • low fees — fixed at 0.2% for taker and maker (for some assets there are special conditions);
  • the token pool is constantly updated due to free listing (you can put your coin on the platform in a few clicks);
  • is not compulsory to pass the KYC verification to trade (but there will be a limit on the withdrawal — up to 2 BTC per day);
  • the high-performance engine provides stability of the platform even under peak loads; trading is 24/7;
Bixer Simond
Bixer Simond
Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things