Bitcoin.com Exchange is a cryptoasset exchange located in Bahamas. Their volume over the last 24 hours is $480.49M. The exchange is rated “D” which means “Poor.” They allow trading with the following fiat currencies: USD.
Bitcoin.com is a relatively new cryptocurrency trading platform that was launched in September 2019. The company standing behind the project hosts a Bitcoin-related web portal that offers a range of BTC and BCH-oriented services. It also develops a mobile wallet for both of these cryptocurrencies. Additionally, it delivers cryptocurrency news and offers diverse widgets, tools, and charts for analytics.
The parent organization behind the project is Saint Bitts LLC that is located in Tokyo, Japan. The CEO of the company is Stefan Rust, General Counsel is Daniel Kelman who is also advising VeChain, an Internet of Things blockchain that is focused on enterprise supply chain solutions. As for Bitcoin.com, the company was registered in Saint Kitts and Nevis in 2018 and is headquartered in Saint Kitts at the time of writing.
The Chief Executive of Bitcoin.com is Roger Ver, the founder of Bitcoin Cash that emerged as a result of Bitcoin’s blockchain controversial split. Being a proponent of this cryptocurrency, he specified the goal of the exchange to make Bitcoin Cash and other digital assets more available for users. The platform promotes the adoption of Bitcoin Cash and supports SLP-based tokens (based on simple ledger protocol). In the opinion of Roger Ver, SLP tokens have a huge potential as they help to tokenize anything.
The history of Bitcoin.com
It’s worth mentioning that the platform was initially an education resource that also provided news about the cryptocurrency industry. The resource provided the wallet for BTC first. With time the site has developed into a multifunctional service providing a cryptocurrency exchange.
Roger Ver received control over the domain name Bitcoin.com in 2014. He leased the domain name to Blockchain.info first and a year later to OKCoin. However, the collaboration was stopped due to a dispute of OKCoin with Roger Ver. Afterward, Roger Ver decided to use the platform to contribute to the growth of the Bitcoin network.
Though the exchange is relatively new, the resource has already established the brand that can be trusted. It happened partly thanks to the reliable products built by the company such as the wallet and the merchant app. Many famous crypto-related businesses implement exchange operations into their websites to expand their offerings so Bitcoin.com is not an exclusion.
The wallet service was launched on Bitcoin.com in August 2017. Three months later it added support of Bitcoin Cash, right after the Bitcoin Cash hard fork occurred. Both wallets are automatically created when a user downloads the application. The Bitcoin Cash wallet was integrated as a default option.
Integration with Shapeshift in 2018 via API enabled multi-currency conversions within the wallet and increased the popularity of the product pushing the number of wallet users up to 2 million. As the development of the product went on, the company introduced a new lightning-fast Bitcoin wallet app on February 4th, 2020. The previous wallet app was rebuilt from the ground. It acquired a fast and easy to use interface with a lot of exciting features such as InstantPay.
InstantPay is faster than other traditional payment methods (VISA, Mastercard) and payments to any other crypto wallet app. One can get the wallet app in Google Play or AppStore. Also, Bitcoin.com has its own mining system that was developed by Emil Oldenburg and Shaun Chong.
The trading fees on Bitcoin.com equal to 0.1% for makers and 0.09% for takers. The amount of withdrawal is limited to 1 BTC per day. At this, it is not allowed to withdraw more than 5 BTC per month. The holders of individual Pro accounts can withdraw up to 100 BTC per day and there is no monthly limit for such users. The platform doesn’t charge any fees for depositing funds and doesn’t have deposit limits as well.
Even if you are a novice in trading, it is easy to get started with Bitcoin.com. There are simple guides and detailed FAQ sections. The platform is appreciated for low trading fees but it doesn’t have fiat options. It means that there is no possibility to deposit, withdraw and trade fiat currencies on the exchange.
Some users don’t like that the platform doesn’t have high liquidity for less popular altcoin markets. Consumers from the US face restrictions as well as users from 20+ countries who are not allowed at the exchange. But the biggest drawback in the opinion of some users is that the listing ethics of the platform is doubtful as some coins with a bad reputation can be found there. Being a new platform, it is available for new signups and tries actively to expand the list of available assets, sometimes at the expense of its reputation.
Bitcoin.com doesn’t offer margin trading. The platform can be inconvenient for traders with a versatile trading portfolio as the number of assets is limited on the exchange. As for mobile-friendliness, the platform offers a mobile wallet compatible with popular OS, but the exchange doesn’t have a mobile application. It’s possible to open the site in the mobile browser only. Supposedly, the platform needs time to come up with a mobile version because the navigation links currently bring users to the mobile version of the site.
Products and pairs
From the moment of launch, Bitcoin.com has provided trading options with popular base cryptocurrencies such as BTC, ETH, USDT, and BCH. Now it offers dozens of cryptocurrency assets. Over 70 trading pairs are available on the platform at the time of writing.
The company’s Linkedin profile states that Bitcoin.com is headquartered in St.Kitts in Tokyo, Japan. Its team includes over 100 employees. Roger Ver, CEO, is a leading professional in a blockchain industry who contributes much to the Bitcoin ecosystem. He is involved in different startups investing in such companies as Blockchain, Kraken, BitPay, Z.Cash, Ripple, and Purse.io. The amount of invested funds exceeded a million USD over the past 6 years.Read More