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/10

Tapbit

China|1-2 years|
Suspicious Scope of Business|High potential risk|

https://www.tapbit.com/

Website

Rating Index

Contact

https://www.tapbit.com/
https://www.facebook.com/Tapbitglobal
https://twitter.com/tapbitglobal
https://www.linkedin.com/company/tapbit

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Tapbit · Company Summary

Tapbit Basic Information
Registered Country China
Regulatory Status Operates without regulatory oversight
Trading Fees 0.1% for both makers and takers; Withdrawal fee of 0.00001 BTC for Bitcoin withdrawals
KYC Requirements None
User Interface Intuitive and seamless, enabling lightning-fast trades
Cryptocurrency Selection Offers a wide range of cryptocurrencies for trading
Security Measures Employs secure multi-signature wallets among other protocols
Mobile App Available, extends trading convenience without compromising on features or security
Customer Support Email support, social media engagement (Twitter, Telegram, Facebook), online FAQs

Overview

Tapbit, based in China, stands out in the cryptocurrency exchange landscape for its user-centric design and operational approach. With trading fees set at a competitive 0.1% for both makers and takers and minimal withdrawal fees, it caters to a broad audience of crypto traders. The platform eschews KYC requirements, thereby simplifying the account setup process and ensuring user privacy. Tapbit's intuitive user interface, extensive cryptocurrency selection, and robust security measures, including secure multi-signature wallets, promise a seamless and secure trading experience. Accessibility is further enhanced through a mobile app that brings trading capabilities to users' fingertips. Despite its compelling offerings, Tapbit's lack of regulatory oversight in China could be a point of consideration for potential users. Customer support is comprehensive, with channels ranging from email to social media platforms, ensuring that users have multiple avenues for assistance.

Overview

Regulation

Tapbit operates without regulatory oversight as an exchange, potentially exposing users to higher risks due to lack of oversight. Investors should exercise caution and thoroughly research the platform's security measures and compliance standards before engaging in any transactions. In unregulated environments, users may lack recourse in case of disputes or fraudulent activities.

Regulation

Pros and Cons

Tapbit is a versatile cryptocurrency exchange that appeals to a broad audience with its user-friendly interface, wide selection of digital assets, and strong security features. Its competitive trading fees and the absence of KYC requirements for account setup enhance its accessibility and convenience for users worldwide. However, its limited customer support, higher fees in some contexts, and regulatory uncertainties, particularly for users in the United States, are aspects potential users need to consider. While Tapbit offers a promising platform for crypto trading, the balance of its advantages against its limitations will vary depending on individual trader needs and locations.

Pros Cons
  • Easy to Use Interface
  • Limited Customer Support
  • Diverse Range of Cryptocurrencies
  • Higher Fees in Some Contexts
  • Strong Security Measures
  • Uncertainty Due to Lack of Regulation
  • Competitive Trading Fees
  • Not Available to Users in the United States
  • No KYC Requirements

What is Tapbit?

Tapbit is a cutting-edge cryptocurrency platform designed to facilitate secure buying, selling, and trading of various digital assets. It features a user-friendly interface and offers real-time market data to enable informed decision-making. With a wide selection of cryptocurrencies available for trading and top-notch security measures including secure multi-signature wallets, Tapbit aims to revolutionize the cryptocurrency trading experience. Despite some limitations such as limited customer support and higher fees, it provides lightning-fast trades and ensures a seamless user experience. However, it's worth noting that Tapbit is not available to users in the United States.

Products & Features

Products & Features
  • User Interface: Tapbit stands out with its intuitive and seamless user interface, enabling traders to execute lightning-fast trades. Real-time market data is readily accessible, empowering users to make quick and informed trading decisions.

  • Cryptocurrency Selection: The platform offers a diverse range of cryptocurrencies, allowing traders to diversify their portfolios extensively. This wide selection ensures that users have access to both major and emerging digital assets.

  • Security: Security is a top priority at Tapbit, with the platform employing secure multi-signature wallets among other measures to safeguard user investments. These robust security protocols provide users with peace of mind regarding the safety of their funds.

  • Mobile App: Tapbits mobile application extends the convenience of trading to on-the-go users, ensuring they can buy, sell, and trade cryptocurrencies from anywhere, at any time, without compromising on features or security.

These products and features collectively make Tapbit a versatile and secure platform for cryptocurrency trading, catering to a wide audience with different trading needs and preferences.

Cryptocurrency Available

Tapbit offers a wide range of cryptocurrency trading pairs, including popular options like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), alongside other significant and emerging digital assets. This platform provides users with the opportunity to engage in trading activities across various sectors such as decentralized finance (DeFi), the metaverse, GameFi, and more. It lists trading pairs with detailed metrics such as the last price, percentage change within a specific timeframe, highest and lowest price points, and the 24-hour trading volume, which is crucial for traders to make informed decisions. Notable cryptocurrencies mentioned include USDC (a stablecoin closely pegged to the US dollar), SOL (Solana), TRX (Tron), and a variety of other assets that cater to different interests and investment strategies within the crypto ecosystem. Tapbit's comprehensive list and its focus on including a mix of well-established cryptocurrencies and newer, niche projects suggest its aim to cater to a broad spectrum of crypto traders and enthusiasts.

Cryptocurrency Available

Fees

Tapbit employs a straightforward and competitive trading fee structure based on a maker/taker fee model. Both makers (those who provide liquidity by placing limit orders) and takers (those who take liquidity by placing orders that match immediately with existing orders) are charged an even fee of 0.1%. This flat rate is relatively low compared to many other cryptocurrency exchanges, making Tapbit an attractive option for traders looking to minimize their trading costs.

In addition to trading fees, Tapbit imposes a withdrawal fee. For Bitcoin withdrawals, the fee is 0.00001 BTC, which is also quite low and aims to cover the transaction costs on the blockchain network without significantly impacting the user's withdrawn amount.

This fee structure is designed to encourage trading by keeping costs predictable and affordable, thereby enhancing the trading experience on the platform for both casual and serious traders.

Fees

How to open an account?

How to open an account?

Opening an account on Tapbit is a straightforward process designed to be quick and user-friendly, ensuring that new users can get started with trading as soon as possible. Heres a step-by-step guide on how to sign up for a Tapbit account:

  1. Visit the Official Tapbit Website: Start by navigating to Tapbit's official website. This ensures you are on the correct platform and not on a phishing site.

  2. Register: On the homepage, locate and click on the “Register” button, which is typically found at the top right corner of the page.

  3. Enter Your Details: You will be prompted to enter your registration details. This usually includes your email address and the creation of a strong password. Its important to use a password that is secure and unique to protect your account.

  4. Agree to Terms of Service: Read through the platforms terms of service. You need to agree to these terms in order to proceed with the registration process. This step is crucial as it informs you of your rights and responsibilities on the platform.

  5. Email Verification: After submitting your registration details, Tapbit will send a verification code to your provided email address. Check your inbox (and the spam folder, just in case) for an email from Tapbit, and enter the verification code on the website to confirm your email address.

  6. Complete Registration: With your email verified, you may be prompted to click on a “Register” or “Complete Registration” button to finalize the account creation process.

  7. No KYC Requirements: Notably, Tapbit does not require KYC (Know Your Customer) procedures for account setup. This means you can start using your account immediately after registration without the need to submit personal identification documents.

  8. Account Ready to Use: Congratulations! Your Tapbit account is now set up and ready to use. You can proceed to deposit funds, explore the platform, and start trading.

It's always a good idea to enhance the security of your new account by setting up two-factor authentication (2FA) if the platform offers this option. This adds an extra layer of security beyond just your password, helping to protect your account from unauthorized access.

Customer Support

Tapbit offers a multifaceted approach to customer support, ensuring that users can access help and assistance through various channels according to their preferences. The platform prioritizes customer service, providing several ways for users to get in touch with their support team:

  1. Email Support

  • For Customer Service Inquiries: Users can reach out directly to Tapbit's customer service team by emailing support@tapbit.com. This channel is typically used for support-related questions, technical issues, account assistance, and any other service-related queries.

  • General Contact: For non-support related inquiries, such as partnerships, media contacts, or general information, Tapbit provides an alternative email address: contact@tapbit.com. This allows for a streamlined process, ensuring inquiries are directed to the appropriate department.

  1. Social Media and Messaging Platforms

  • Twitter: Tapbit maintains an active presence on Twitter, offering a platform for users to follow for updates, announcements, and direct engagement with the Tapbit team.

  • Telegram: For real-time communication and community engagement, Tapbit has a Telegram group. This is often a place for immediate assistance, discussion, and community support.

  • Facebook: Tapbits Facebook page is another source for information, updates, and direct messaging support.

  1. Online Support and FAQs

Tapbit has an online help center or a section for frequently asked questions (FAQs) on their website. This resource enables users to quickly find answers to common questions and solutions to standard issues without needing to wait for a response from customer support.

Customer Support

Conclusion

Tapbit emerges as a compelling cryptocurrency exchange platform, catering to a wide range of traders with its intuitive interface, extensive selection of digital assets, and robust security measures. Despite its unregulated status, which may pose certain risks, Tapbit's competitive fees, ease of account setup, and diverse customer support options present a strong case for its use. Users looking for a platform that combines efficiency with a user-friendly experience may find Tapbit to be a suitable choice, though it is essential for potential users to conduct thorough research and consider the platform's regulatory position before engaging in trading activities.

FAQs

Q1: Can I trade on Tapbit if I am based in the United States?

A1: No, Tapbit is not available to users in the United States due to regulatory restrictions. It is recommended that US-based traders look for alternative platforms that comply with US regulations.

Q2: What are the trading fees on Tapbit?

A2: Tapbit employs a competitive maker/taker fee model, charging a flat rate of 0.1% for both makers and takers. Additionally, there is a low withdrawal fee of 0.00001 BTC for Bitcoin withdrawals.

Q3: Does Tapbit require KYC procedures for account setup?

A3: No, Tapbit does not require Know Your Customer (KYC) procedures for setting up an account, allowing users to start trading immediately after registration.

Q4: How can I contact Tapbit customer support?

A4: Tapbit offers multiple customer support channels, including direct email support at support@tapbit.com for service inquiries and contact@tapbit.com for general questions. They are also active on social media platforms like Twitter, Telegram, and Facebook for updates and direct engagement.

Q5: What security measures does Tapbit employ to protect user assets?

A5: Tapbit prioritizes security with several measures, including the use of secure multi-signature wallets. These protocols are designed to ensure the safety of users' funds and provide peace of mind when trading on the platform.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

Broker Information

Company Name

Billance investment limited

Company Abbreviation

Tapbit

Regulatory Status

No Regulation

Platform registered country and region

China

Company website
Customer Service Email Address

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Company Summary

User Reviews

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奈何轮回
more than one year
I've been using Tapbit for quite a while now and I really can't think of trading anywhere else. The platform is intuitive and user-friendly, not to mention how smooth the experience is compared to other exchanges I've used in the past. They’ve really streamlined the registration and KYC process. What sets Tapbit apart for me is their service team. They respond promptly whenever I need help, and they’ve always been able to solve problems that have come up. It’s clear that the team knows what they're doing. Five stars!!!!
2024-02-23 15:18
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Chanterige
more than one year
They seemed promising at first, but as soon as the trade started to turn in my favor, they demanded additional margin, which left me feeling quite frustrated. It's disheartening to encounter a platform that appears to be focused on fair trading, only to discover their willingness to change the rules when it suits them.
2024-01-04 14:16
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