⭐ Quick Verdict
Rating: 6.5 / 10 

Tapbit offers an accessible gateway into crypto trading with low fees, a friendly interface, optional KYC, copy trading, and a wide range of altcoins. However, due to thin liquidity, limited transparency, low reserve depth, and non-institutional security standards, Tapbit is not recommended for large positions, high leverage, or long-term storage.

Best For:
✔ Beginners
✔ Small spot traders
✔ Copy-trading experimentation
✔ Low-capital entrants

Not Ideal For:
✘ High-volume traders
✘ Leverage-heavy traders
✘ Users needing deep liquidity
✘ Anyone requiring strong transparency

What Is Tapbit?

Tapbit is a global cryptocurrency exchange offering:

• Spot trading
• Perpetual futures
• Copy trading
• Earn/yield products
• P2P & fiat on-ramps
• Web and mobile app trading

Originally branded as “Billance,” Tapbit restructured and relaunched to serve a broader global audience.
Its appeal lies in its quick onboarding, no-KYC entry, low fees, and straightforward product suite.

---

Supported Regions & Regulatory Overview

Tapbit claims global availability with various registrations across different regions.
However, these registrations are not equivalent to Tier-1 regulatory licensing.

Key Notes:

• Accessible across Africa, LATAM, Asia, and parts of Europe
• Restricted in very tightly regulated jurisdictions
• Compliance claims exist, but not at the level of exchanges like OKX, Binance, Coinbase, or Bitstamp
• No Tier-1 banking or custodial licenses

For traders who prioritize regulatory strength, Tapbit may not meet the threshold.

---

KYC Requirements

Tapbit allows users to trade with minimal KYC, especially for:

• Spot trading
• Small deposits
• Small withdrawals

Higher trading tiers, larger withdrawals, and futures access may require full identity verification.

Pros: Easy onboarding
Cons: Lower regulatory assurance

---

Tapbit Trading Features

Spot Trading

Tapbit lists hundreds of coins and supports a broad selection of altcoins and majors including BTC, ETH, and stablecoins.

However:

• Liquidity is thin on most pairs
• Spreads can widen quickly
• Large positions can cause major slippage

Tapbit is suitable for small retail spot trades, not institutional or high-volume flows.

---

Futures / Perpetual Contracts

Tapbit advertises leverage up to 100×–150× depending on asset and user tier.

Futures traders should be aware:

• Order-book depth is shallow
• Open interest (OI) metrics are not transparently displayed
• Market impact is high even with moderate position size
• Slippage risk is significant

This makes Tapbit high-risk for professional or large-lot futures trading.

---

Extra Features

Copy Trading

Tapbit offers a straightforward copy-trading feature with leaderboards, PnL %, and strategy visibility.
Best used with caution due to liquidity constraints.

Trading Bots

Basic grid and automated strategies are available for spot and futures, suitable mostly for low-volume markets.

Earn Products

Users can stake or lock assets for yield, though this introduces counterparty risk typical of CeFi interest accounts.

Fiat On-Ramps

Credit/debit card purchases supported through third-party payment processors.
Fiat reliability varies significantly by region.

---

Tapbit Fees 

Spot Trading Fees

• Maker: ~0.10%
• Taker: ~0.10%

Futures Trading Fees

• Maker: ~0.02%
• Taker: ~0.06%

Fees are good — but execution risks due to low liquidity can significantly outweigh any fee savings.

---

Security & Trust Analysis

Tapbit claims strong internal security architecture including:

• Hot/cold wallet separation
• Multi-signature management
• Insurance/security fund

However:

• No publicly verifiable Proof-of-Reserves (PoR)
• No institutional-grade audits
• No SOC2/ISO certifications
• No transparent liquidation or risk-engine reports
• Low reserve depth visible on aggregator platforms

Security posture makes Tapbit suitable for small balances only.

---

User Experience & Platform Quality

Web Platform

• Clean design
• Decent chart integration
• Easy navigation
• Suitable for beginners

Mobile App

• Smooth UI
• Good for basic spot/futures trading
• Copy trading works well
• Occasional lag reported by users

Customer Support

• Basic chat support
• Mixed community feedback
• Slow verification or withdrawal responses occasionally reported

Tapbit’s UX is friendly, but its reliability is inconsistent.

---

Tapbit Pros & Cons

Pros

✔ No mandatory KYC for basic trading
✔ Low trading fees
✔ Simple UI for beginners
✔ Spot + futures + copy trading in one app
✔ Good for low-capital experimentation

Cons

✘ Thin liquidity → high slippage
✘ Poor transparency (no PoR, no risk metrics)
✘ Futures OI/order-book depth not visible
✘ Not suitable for large trades
✘ Withdrawal trust mixed
✘ Weak security/compliance vs major exchanges

---

Tapbit vs Competitors

Tapbit is generally outclassed by high-liquidity platforms.

---

⭐ Final Rating: 6.5 / 10

Use Tapbit If You Are:

✔ A beginner trying crypto with low capital
✔ A trader testing strategies or copy trading
✔ Someone who values no-KYC entry

Avoid Tapbit If You Are:

✘ Trading large positions
✘ Using high leverage
✘ Needing institutional security
✘ Holding funds long-term
✘ Relying on deep order-books

Overall Recommendation:
Tapbit is a lightweight, beginner-friendly exchange but lacks the transparency, depth, and robustness required for serious or high-volume trading.
Use it only for small amounts and avoid large leveraged positions.

---

Tapbit FAQ 

Does Tapbit require KYC?
No — basic trading can be done without KYC. Higher limits and futures may require verification.

Is Tapbit safe?
Tapbit has basic security measures but lacks Proof of Reserves, deep audits, and transparency. Not recommended for large holdings.

Are Tapbit’s trading fees low?
Yes — fees are competitive, but slippage from low liquidity can offset the fee advantage.

Who is Tapbit best for?
Beginners, small-cap spot traders, and users experimenting with low-stakes strategies.

Does Tapbit have high leverage?
Yes — up to around 100× or more depending on asset, but low liquidity makes this very risky.

Get started on Tapbit.