Regulated
Unregulated
Overview
- Headquarters: United States
- Type of License: No license
Bitcoiva Review
Bitcoiva is a new cryptocurrency exchange in our area. Even though it’s young, many people already know about it because it offers good trading deals. Traders from different countries like it because it’s fast, the fees are fair, and there are lots of different types of cryptocurrencies you can trade. The trading website and the phone app are easy to use, which is another good thing about Bitcoiva. More and more people are using it to trade, which shows it’s growing. Now, let’s find out if Bitcoiva is trustworthy or not.| 🏢 Headquarters | Cheyenne, Wyoming, United States |
| 📅 Year founded | 2020 |
| 🗺️ Regulation | No Valid License or Financial regulator is available |
| 💻 Trading platform: | TradingView terminal |
| 💰 Account currency: | Cryptocurrencies, INR |
| 📊 Accounts: | Standard |
| 💵 Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 💵 Deposit: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | ₿0.0001 |
| ⚖️ Leverage: | 1:1 |
| ☪️ Islamic account (swap free) | No |
| 🎮 Demo Account | No |
| 💱 Spread: | 0.2 % |
| 🔧 Instruments: | Cryptocurrencies, Indian rupee |
| 📋 Orders execution: | N/A |
| ☎ Customer Support: | 24*7 |
| 📚 Education | Provided |
Pros and Cons
| Pros | Cons |
|---|---|
| You can trade all the most popular cryptocurrencies and coins on the exchange. | Only Indian rupees are represented as fiat currency. |
| There are no restrictions on trading strategies or significant limits. | No demo accounts for training. |
| No deposit fees; trading commissions are average compared to the market. | The exchange is young, so there are no detailed statistics available. |
| A profitable referral program with beneficial bonuses. | |
| High level of protection for users’ funds. | |
| Simple and convenient trading terminal interface in browser. | |
| The exchange offers mobile trading on iOS and Android. | |
| In addition to spot trading, there is instant exchange and purchase. | |
| A wide selection of deposit and withdrawal methods. |
Bitcoiva Fees
Understanding how Bitcoiva charges fees is very important for traders. Bitcoiva uses a system where you pay fees when you trade. They try to keep these fees fair. Specific numbers aren’t given here, but it’s important to know that Bitcoiva tries to be competitive while also making money. Bitcoiva’s fee system shows they understand what customers want: low costs without sacrificing quality. They design their fees to make trading easy and beneficial. While traders usually think about fees when they deposit money or trade, Bitcoiva saves them money in different ways. They don’t add unnecessary extra charges and they give discounts to some traders. This makes their fee system clear and fair. Here are the fees for Bitcoiva:- Deposit Fee (Bank Transfer): 10 INR
- Trading Fee: 0.2%–0.4%
- Withdrawal Fee (Bank Transfer): 10 INR
Investment Options
Bitcoiva doesn’t have investment options right now, but they’ve announced they’re going to offer them soon. This year, they’re adding a staking system. This means you can lend your money to other blockchain projects through the website. You’ll earn interest on the money you put in. If you want to invest, sign up for Bitcoiva’s newsletter on social media.Deposit Methods
You can deposit money on Bitcoiva in two ways: using cryptocurrency or fiat currency. Cryptocurrency can be deposited directly onto the platform. But if you want to deposit fiat currency, you can only do it through wire transfer, not with a credit or debit card. Because you can deposit regular money on Bitcoiva, it’s called an “entry-level exchange.”. This means it’s a good place for new crypto investors to begin exploring the world of cryptocurrency.Is Bitcoiva Safe or Scam?
Bitcoiva might not be safe. We couldn’t find any registration or owners of Bitcoiva. They seem to keep this information secret. Right now, it’s not a good idea for investors to use their website. Trade with this broker if: You don’t want many restrictions on how you trade or limits on how much you can trade. This exchange lets you use different trading strategies without big restrictions. So, whether you trade daily, swing trade, or use other methods, you can do it easily here. You want to deposit money without any fees. This means you can put money into your account without paying extra charges. This can help you save money on trading fees and have more money to invest. Don’t trade with this broker if: You need to trade with different types of money. Bitcoiva only lets you trade with Indian rupees. So, if you want to trade with other currencies, you won’t be able to. You need a practice account. Bitcoiva doesn’t offer demo accounts for practice. This means you can’t practice your trading skills without risking real money. Not having this option might stop people who like to practice before using real money.Conclusion
Topforex advises against using Bitcoiva. It’s better to find a more reliable broker with better terms. Many Bitcoiva clients are unhappy with its service, as per reviews. Bitcoiva doesn’t currently provide investment solutions. Withdrawals aren’t processed, and if you’re in profit, your withdrawal request might take up to a week. When asking for support, they’re not interested in helping, not even asking for your account number or when you sent the application. Bitcoiva plans to introduce a staking system this year, allowing clients to loan funds to third-party blockchain projects, but this doesn’t make it a safe option.