Bitpro exchange is a registered Taiwan platform, started in 2014, it was launched in 2017, and the exchange is designed to handle active cryptocurrency trading and investing in a Blockchain project. They provide trading of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Tether, Ripple, EOS, MATIK, and other cryptocurrencies. Investing in Bitpro is like classic staking, the user instead lends to the exchange’s partners. The only fiat currency available is the Taiwan dollar (TWD), and there is no minimum deposit for users. Novice traders either makers or takers are charged 0.10%/0.20%, the fees can be reduced when the trading volume increases and also trading the BITO token of the Bitpro platform and Traders Union’s rebate program. Its technical support services are also a multi-channel call center. Bitpro also offers users crypto solutions which include digital wallets, business applications, financial auditing, and more.
Bitpro is not a typical platform for cryptocurrency and coin trading, instead, it is among the leading companies in the Asian markets and it is notable for cooperating with traders from all parts of the world, it operates under regional law and is registered under its. The exchange is very convenient for active traders and investors.
Trading fee
To trade on any platform, make sure you know the trading fee of the exchange you have an interest in. Trade occurs between two parties, the maker who exists in the order book before the trade, and the taker who places an order that matches the maker’s order. The liquidity in the market is made by makers and takers remove this liquidity by matching the orders of the makers with theirs.
For Bistro, as earlier seen, the takers’ trading fees are 0.020%, which is in line with the average industry fee. Discount is offered by the platform to takers who trade at a rate of 0.10%, the makers benefit from investors that are not interested in picking up existing orders from the order book.
Deposit methods
Bitpro accepts wire transfers but no credit card deposits are allowed, this same for most or all Taiwanese exchanges, so to deposit in Bitpro using credit cards, look for other trading platforms.
Withdrawal fees
The withdrawal fee is 0.0004 BTC for each Bitcoin withdrawal, this is below the average fee in the global industry. Most platform charges 0.0006 BTC per Bitcoin withdrawal, this makes Bitcoin withdrawal a low consumer-friendly fee, therefore Bitpro fee is roughly 33% lower than the crypto industry average.
Pros and Cons
There is always advantages and disadvantage of any exchange platform and this is also the same with Bitpro, let’s check them.
Pros
- Large trade volume and easy access to cryptocurrencies and coins
- There is a comprehensive catalog, showing solutions to investment together with different assets
- High trading volume, Traders Union’s rebate, and Bitpro trading minimize commissions
- The Trading View terminal within the browser has high stability
- There is a proprietary application for mobiles to trade on the go
- There is no minimum deposit, and the verification of the account is very simple
- The platform supports a high level of users information security
- Phone, email, and tickets can be used to reach the technical support team
Cons
- The only supported fiat currency used in the platform is the Taiwan dollar (TWD)
- There is no demo account available for beginners or novices to use before trading
- The site is not localized
