FatBTC Broker Review
A Brief Overview Of FatBTC
FatBTC is a crypto trading platform and also a crypto wallet that is based in Hong Kong. It has been in operation since 2014 and seeks to provide a simple and secure platform for the exchange of the various crypto units.
Assets And Securities
Most of the assets that you can trade on in FatBTC’s platform are crypto units. The crypto units are paired against each other and you trade based on their performances to each other.
Here are some of the crypto units availed on the platform
- Bitcoin
- Ethereum
- litecoin
- bitcoin
- cash,
- XRP
- DOGE
Fees
Some of the applicable fees include trading fees which are set at a standard rate of 0.2% for both the maker and the taker. However, if you use FAT for transactions the fees drop to 0.05%.
There are no deposit fees at all but there are withdrawal charges that vary depending on the crypto unit used. For example, bitcoin attracts a fee of 0.0005 BTC units while litecoin has a fee of 0.001 LTC units.
Customer Support
FatBTC has a great multilingual customer support that is prompt to resolve your issues. You can contact the email support at market@FatBTC.com. Alternatively, you can submit a request by sending an online ticket to the FatBTC’s administrators directly from their website.
Pros
- Plenty of crypto assets to trade on.
- Efficient customer support.
- Multilingual support.
Cons
- It is unregulated.
Conclusion
FatBTC is a great platform that is versatile as it doubles up as a crypto wallet and also as a crypto exchange platform. It also has many digital assets that you can trade on. However, its lack of regulation is its major downside.
