What is Tapbit?

Tapbit has carved out a niche for itself by offering a robust platform with a diverse array of features tailored for traders of all experience levels.With a commitment to continuous improvement and user-centric services, Tapbit presents a compelling choice for both novice and seasoned investors.

Here’s an in-depth look at what makes Tapbit a noteworthy player in the crypto exchange landscape.

Extensive Asset Selection

One of Tapbit’s standout features is its impressive asset library, boasting over 800 cryptocurrencies. This extensive selection includes a mix of popular tokens like Bitcoin (BTC) and Ethereum (ETH), as well as a plethora of altcoins that allow traders to diversify their portfolios effectively. Additionally, Tapbit supports trading pairs across 45 fiat currencies, making it easier for users to enter the crypto market using their local currencies.

User-Friendly Interface

Tapbit’s trading platform is designed with user experience in mind. Available on both desktop browsers and mobile devices (iOS and Android), the interface is intuitive and accessible. New users can quickly navigate through the various features, and the streamlined registration process (which does not require extensive KYC verification) allows users to start trading almost immediately.

This efficiency is particularly appealing to traders looking to capitalize on market opportunities without delay.

How to Trade on Tapbit

First, sign up and verify your email. 

Enjoy the deposit bonus. Simply deposit a minimum of $100 to get $50 bonus. 

You have to transfer your deposit into the ‘perpetual wallet’.

Once you have funds in your perpetual wallet, you can start working towards volume target to get up to $5050 in bonuses as a new user. 

Trading bonuses will be distributed once a week.

Trading bonus rules

• The trading bonus can be used for trading, losses and copy trading, but cannot be used for trading or funding fees.
• Must be used before the expiration date, otherwise, it will become invalid.
• It can be directly used as the opening margin of USDT contracts, and the bonus will be used first.
• Any profits made from the trades can be withdrawn, but Trading Bonus cannot be withdrawn.
• Any transfer out of the derivatives account will cause the unused Trading Bonus to be invalid.

Choose the margin mode of your choice. You can use Isolated or Cross. Choose the amount of leverage and size of position and whether you want a Limit or Market order.

Open a long or short position. 

Competitive Trading Fees

When it comes to trading costs, Tapbit is highly competitive. Spot trading fees are set at a low 0.1% for both makers and takers, while futures trading fees are even more attractive, with makers paying just 0.02% and takers 0.06%. The absence of deposit and withdrawal fees further enhances its appeal, although users should be aware of the blockchain fees that may apply when moving cryptocurrencies.

Leverage and Trading Options

Tapbit offers leverage of up to 1:150 for futures trading, which provides significant opportunities for margin trading strategies. This high leverage, coupled with low spreads starting from 0.02%, makes Tapbit an attractive option for traders looking to maximize their gains, albeit with the understanding that higher leverage also increases risk.

Passive Income Opportunities

In addition to active trading, Tapbit offers options for generating passive income through its Earn and Copy Trading services. The Earn service allows users to lock their assets and earn interest, with rates reaching up to 30% per annum for select assets. The Copy Trading feature connects users with experienced traders, enabling them to replicate successful strategies. This combination of services enhances Tapbit’s versatility, catering to users seeking both active trading and investment income.

Security and Compliance

Security is paramount in the crypto space, and Tapbit takes this responsibility seriously. The platform employs advanced encryption techniques, multi-signature authentication, and a $40 million insurance fund to protect user assets. Additionally, Tapbit holds licenses from reputable regulatory bodies, including the National Futures Association (NFA) and the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA). These measures instill confidence in users regarding the safety of their investments.

Conclusion

Tapbit stands out as a promising cryptocurrency exchange that combines a vast array of trading options, competitive fees, and robust security measures. Its commitment to user experience and continuous improvement makes it a solid choice for those looking to trade cryptocurrencies. With its comprehensive offerings, including both active trading opportunities and passive income options, Tapbit caters to a wide audience in the crypto space.

In summary, whether you are a seasoned trader or a newcomer to cryptocurrency, Tapbit presents a platform worth exploring. As the market continues to grow and evolve, Tapbit’s focus on innovation and user satisfaction positions it as a viable contender in the competitive landscape of cryptocurrency exchanges.