Bitibu is a centralized trading platform designed for both experienced and novice digital asset traders specializing in altcoins and stablecoins. Registered in Cyprus it boasts low fees, fast deposits or withdrawals, and 24/7 customer support.
The platform allows deposits through both wire transfer and via credit card. This is particularly helpful for newer crypto investors and means that Bitibu is classified as an ‘entry-level exchange’.
There are two possible ways for a token to be listed on Bitibu. The first is via its voting system and the second is by paying a listing fee.
The platform’s native currency, Bitibu Coin (BTB), is issued on the Ethereum ERC20 protocol and launched on May 13th, 2013. BTB’s total supply is 400MM and will never be increased. Every year, Bitibu promises to buy back and burn BTB, and will do so until it has burned 50% of the total supply. Bitibu Coin produces its own wallet software which is available for download on its website, allowing purchasers to store Bitibu Coin on their computer.
The vast majority of Bitibu’s assets are reportedly held in secure offline cold storage. It has an extremely good security score and received a B rating through Mozilla’s Observatory-test, compared to the average F rating of many other exchanges.
The Bitibu whitepaper states that its team has been working on advanced features such as an ICO platform, a Bitibu debit card, as well as margin trade & lending services. There is no publicly available information on the team, the founders, or the origin story of the exchange.Read More