Bit-Z is a cryptocurrency exchange platform that was founded in Hong Kong in 2016. It is designed for crypto-to-crypto operations and offers several dozens of cryptocurrencies for trading.
Bit-Z registration procedure is subdivided into two stages – creation of an account and verification. After the account is created, the user’s Email address is verified via an SMS code. The next stage is required to withdraw crypto assets from Bit-Z. In order to do that, traders have to verify their accounts by sending copies of personal documents.
Bit-Z offers Over the Counter (OTC) trades, which mean that users can trade cryptocurrencies directly on the platform without using their e-wallets. The exchange does not take deposit fees. The transaction fee is 0.1%, and the average withdrawal fee (depends on the coin) is 0.5%.
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