BITXMI Exchange: The Lowest Trading Fees Exchange in the World

A few years ago, when not many people knew how crypto trading works, the practice was left for whales and other large entities who could trade the digital coins successfully. 

However, a decade after introducing digital currencies, many exchanges have emerged that make crypto trading an easier task. Therefore, it is not only restricted to whales and other enthusiasts who hold large amounts of digital coins. 

Exchanges make it easier for people to trade their cryptos in a secure and transparent platform. All traders must do some proper research on the exchange they plan to use to avoid incurring losses brought about by the collapse of the exchange. 

BITXMI is the newest kid on the block. The exchange claims to be the lowest trading fees exchange globally, but how valid are these claims? In this article, we will take an in-depth look at the platform and how it works to help you decide whether it is the right choice

What is BITXMI Exchange?

bitxami trading view exchange

BITXMI is a fast and secure cryptocurrency trading platform that has its headquarters in Singapore. However, the platform operates on a global scale. The exchange is relatively new, having been founded in 2018 by ChainUp company.

Rather than just designing it as an exchange, Bitxmi developers have ensured that the platform provides an all-around ecosystem for its users. Bitxmi aims to offer an educational experience in trading and to invest in digital currencies. Users can quickly and efficiently buy digital currencies using fiat money. The exchange also allows users to pay for their cryptocurrencies using credit and debit cards. 

Currently, the exchange hosts over 100 digital coins and 144 trading pairs. Bitxmi was created for OTC markets and organized spot markets for tokens. 

Key Features of the Exchange

BITXMI comes with a variety of unique features that make it an excellent choice for crypto traders. For starters, whales and high volume traders get a fee rebate on their trades. All token holders also get a discount on the withdrawal fees. However, this discount depends on the number of tokens and the period that the user held the tokens.

To store your funds in the exchange, the platform offers its users cold storage wallets. The funds on the platform are also insured as a safety net. 

BITXMI aims for smooth and fast trading. As such, the exchange comes with fast API protocols. Besides, the quick and efficient order matching system combines both buys and sells for better efficiency. The crypto exchange trades on a global scale and, therefore, offers multi-language support. Some of the languages supported include English, Chinese, French, Hindi, Japanese, Russian, Korean, and Arabic. 

Is BITXMI Secure?

Before settling for an exchange, you need to be sure of the security measures in place to ensure that your digital assets are always safe.

ChainUp is the platform’s partner and is in charge of cybersecurity and data security through modern software. ChainUp’s reliability is trusted by over 200 crypto exchanges, making it ideal for the platform.

Some of the security measures that ChainUp has put in place include:

  • KYC checks
  • AML
  • Sanctions check
  • Chargebacks tracking
  • Risk management
  • Keeping regular records 

Besides the actions taken by ChainUp, Bitxmi also complies with the International Sanctions Policy (ISP). Therefore, the exchange does not allow countries, companies, and individuals on the sanctions list to conduct any transactions.

The exchange is also looking for a full license as per the 2019 Monetary Authority of Singapore (MAS) Act.

Joining and Trading on BITXMI

If you have already decided to use Bitxmi as your exchange, you will have to sign up as a member first. Signing up is absolutely free, and as a bonus, new members receive 100 BXMI, the exchange’s native token, once verification is complete.

You will need to sign up on the exchange’s official website https://www.bitxmi.com/en_US/. You get the option to choose the most convenient method to sign up, which could be either by phone, email, or an invitation code. 

Once verification is complete, you will receive your free tokens, and you can begin trading immediately.

The exchange does not support margin trading and has no deposit fees. However, trading fees are set at 0.1% and withdrawal fees at 0.25%. The daily withdrawal limit is 3BTC for users without KYC and 99 BTC for those with KYC or eluent coins. 

Depositing and withdrawing from the exchange is also quick and straightforward. The user’s dashboard on the exchange’s website is quite easy to use. The options to either deposit or withdraw from the exchange are clearly indicated on the panel. You can also use the QR code to scan and complete your deposit transactions. 

By signing up as a member, users also get a hosted wallet that lets them store, track, and manage their digital coins. The exchange also comes with a mobile app that is available for Android and iOs users, making it easier for users to trade from anywhere. 

Final Word

Taking up crypto trading is never an easy task, especially if you have no prior experience. Besides learning the ins and outs of the crypto world, you also need to choose your exchange carefully.

Bitxmi ensures that your trading experience is as smooth as it can be. Although the platform is relatively new compared to other old dogs in the game, it offers an excellent starting point for new traders. 

Bitcoin live price
price change

If you are new to crypto and plan to start trading, Bitxmi is the right spot to start. Still, as it should be the norm with all other exchanges, be sure to always do your background checks before trading with other users on the platform to ensure your assets always remain safe

Stay up to date with our latest articles

More posts

BitYard Review: The One-stop Trading Platform with Perpetual Futures

The crypto exchange market has recently seen the birth of new companies to study before entering the sector. With an ever more comprehensive market offer, it is up to the individual investor to understand the industry’s best operator. Keeping in mind that different traders are better suited to different types of investors, today we will impartially talk about BitYard, a Singapore-born trader. BitYard launched in 2019 as a cryptocurrency exchange that offers a range of services to its customers. One…

PrimeXBT – The Next Generation Platform for Leverage Trading

PrimeXBT is a trading platform and cryptocurrency exchange supporting major stock indices, commodities, and foreign currencies. Many of today's crypto traders have entered the industry from traditional trading markets. For example, they come from stock trading, currency exchanges, and commodities trading. However, to maintain their former portfolios and dip their feet into cryptocurrency, they have to register on different platforms. Unfortunately, this practice may come at high costs. PrimeXBT aims to combine trading across different markets on a single platform.…

AOFEX – An Advanced Exchange Ecosystem with Top DeFi Features

AOFEX is a blockchain-based exchange and ecosystem. The network provides crypto traders with the ability to effortlessly trade, stake, mine, and more. AOFEX entered the market intending to provide a more transparent and regulated option. As such, the platform received its MSB license for digital currency trading from US regulators. Today, it seeks to become a vital bridge for institutional investors seeking to gain exposure to the digital economy.   AOFEX operates as a centralized exchange that offers low fees and…

Beginner’s Guide To Bitrue – Get More Features from Your Exchange

Bitrue is a digital asset management platform that combines the benefits of a decentralized ecosystem with the convenience of a centralized exchange. The protocol enables users to buy, sell, trade, lend, and stake an array of digital assets with ease. As such, the network continues to expand its market position. Notably, Bitrue currently has over 4 million users.   What Problems Does Bitrue Solve? The developers behind the Bitrue concept sought to reduce or eliminate a variety of issues faced by…

Introducing Vdollar: A Platform Turning Transaction Fees into Assets

Vdollar is a crypto contract exchange platform introduced to provide crypto enthusiasts with the best income opportunities and make contract trading easy. This Colorado registered network has several services like digital currency exchange, a wallet, and trading mining.  The Vdollar network possesses some excellent features, including a mine trading mechanism. In addition, Vdollar has one of the best mining features for its native token, Vdollar. So, how does the Vdollar token operate? This guide will look keenly into the Vdollar…

A Closer Look at an Emerging Crypto Exchange, MEXC

According to the Coinmarketcap platform, more than 366 registered crypto exchanges offer services in different jurisdictions. Every other month, more exchanges join the crypto world with the promise of making things easy for crypto traders and investors. Most of these exchanges prove to be unique by providing top services at affordable rates and fast speeds.  This guide will be reviewing one such exchange, MEXC, a one-stop shop for all crypto exchanging services. Keep reading to know what products and features…

1inch Exchange Review – A Fierce Rival to Uniswap’s Hegemony

Soon, it will be a year since decentralized finance rose to widespread popularity in the crypto industry and beyond. Many of the protocols emerging in 2020 are still on the rise, and the 1inch Exchange leads the pack. More so, it is challenging the superior positions of better established DeFi platforms. 1inch Exchange is an aggregator for decentralized exchanges. It launched in the summer of 2020 and has developed rapidly into one of the most promising DeFi protocols. Furthermore, it…

Binance.US: The American-based Exchange From Binance

The Binance Coin has seen an explosive price action this month, leading it past the $300 mark. Currently trading at slightly over $200, the coin can account for its boom due to its parent company's continued advances. Looking behind its success story is the crypto exchange Binance, founded in 2017 by Changpeng Zhao. The exchange ecosystem operates as a centralized exchange to solve low market liquidity, platform insecurity, and many more. The exchange managed to make massive strides ever since…

Coincheck Review: Asia’s Biggest Cryptocurrency Exchange

Coincheck is a Japanese-based cryptocurrency exchange that provides bitcoin storage services and several crypto exchange operations as of 2014. The multilingual exchange is headquartered in Tokyo, Japan, and offers several trading instruments, including both popular and liquid tokens and a few altcoins. The platform also offers margin trading with a maximum leverage of 1:5, Bitcoin spot trading, crypto lending, and a crypto payment system that automatically converts cryptos to Japanese Yen. Coincheck has the highest Bitcoin trading volume in Japan,…

Luno Full Review – Upgrading the World to a Better Financial System

The crypto is definitely upon us. To say the least, Bitcoin has more than 100 million owners, 400 000 daily users, 200 million Bitcoin wallets, and over 53 million traders. Cryptocurrencies have also emerged to have the highest trading volume compared to fiat currencies.  However, despite the widespread usability of cryptos, mainstream adoption is still a challenge, especially in developing countries in Africa and South Asia due to a lack of supporting infrastructure. Most crypto exchanges and other products are…