Bitbank Broker Review
A Brief Overview Of Bitbank
Bitbank is a relatively new cryptocurrency exchange. It started with the aim of providing their clients with ‘ a highly accurate and reliable’ crypto markets insights. The Japanese startup exchange created in 2018. However, it doesn’t mention the broker’s current physical address.
Available Assets
The Japanese exchange is predominantly cryptocurrency based. It just offers exchange services for fiat as well as digital currencies. However, some of the crypto assets traded here include:
- Bitcoin
- Litecoin
- Ripple
- Ethereum
- Monero
- Bitcoin cash
Withdrawal and Deposit Fees
Bitbank, however, has not imposed deposit fees. Moreover, it doesn’t impose transactional fees for their market makers and takers. They, however, have a withdrawal fee amounting to 0.0001 Bitcoin for bitcoin withdrawals and 0.001 Litecoin for Litecoin withdrawals.
Customer Support
To date, the site is only open to Japanese citizens, and so is their support. Both interested traders without active accounts and active platform users can just contact the company through the email address (contact@bitcoinbank.co.jp) on the company website’s contact us page or the Facebook and Twitter handle shown on the website.
Pros
- Their crypto coins are held in cold storage
- Relatively low transactional charges
- Easy-to-use website
Cons
o Limited customer service options
o Only supports the Japanese Yen
Verdict
In conclusion, the Japanese crypto trader is relatively new and gives little attention to the nature and structure of their organization. It has also locked out the rest of the world from their website as everything therein is in Japanese, from their language to the fiat currency, of choice.
