Bitterz is a cryptocurrency exchange that started operation in April 2020. The biggest selling point is that the maximum leverage is 888 times. Furthermore, it is a company that can trade not only virtual currencies but also FX. The founding members are all said to be Japanese. There are 15 types of trading stocks, which is less than other companies. We handle only 3 types of FX currency pairs. It may be a little less than other companies. Opening an account is very simple and you can create an account in about 1 minute. We also have frequent bonus campaigns and are highly recommended. Since we have adopted zero cut for trading, there is no risk of having debt.
Company information
Bitterz is a cryptocurrency brand operated by Bitterz LLC. The cryptocurrency trading service will be available in 2020, and it can be said that it is still an emerging company.
| Company Name | Bitforex Limited. |
| Headquarters location | Hinds Building, Kingstown, St. Vincent and the Grenadines |
| Business start date | 2020 |
| Capital | Unpublished |
| number of employees | Unpublished |
License
A financial license is issued by the financial authorities of the country and is a permit for conducting a financial business. Without this, you cannot carry out business activities. The countries with strict examination standards in the world are said to be the United Kingdom and Cyprus. The UK Financial Conduct Authority (FCA) has very strict not only license acquisition but also maintenance standards, such as having to compensate up to £ 85,000 per person in the event of a Forex trader’s bankruptcy. The Cyprus Securities and Exchange Commission (CySec) is said to be the second highest screening country after the United Kingdom. So is Bitterz licensed? They don’t have a license yet. It is a little worried.
Email support
If you have any trouble, you can usually contact us by live chat or email, but the response is very fast. Bitterz’s strength is that it also accepts telephone support in some cases. Business hours are 10-17 o’clock on weekdays, Japan time.
| Inquiry method | Contents |
| Bitterz accepts 24 hours a day, 365 days a year on the official page, so you can send without worrying about the time. In most cases, you will receive a reply within a day. | |
| Live chat | Bitterz is accepted during business hours on the official page. Use it if you want an immediate answer. |
| phone | If you find it difficult to respond by email, you can respond by phone. Only during business hours. |
Supported language
The following languages are supported (on the official page). It may be a little less than other companies.
- English
- Chinese
- Korean
- Japanese
Withdrawal method
Legal tender is not allowed. BTC is the only withdrawal method for Bitterz. Bitterz also has no withdrawal fees. Please note that withdrawals are limited to 10 BTC per month.
The withdrawal procedure is the fund transfer page on the left side of My Page, and transfer funds to the BTC wallet. Next, on the withdrawal page, enter the wallet address of the withdrawal destination and the withdrawal amount to request a withdrawal application.
Payment method
There are several ways to deposit and withdraw Bitterz. Please see the list.
| Payment method | Commission | Reflection days |
| Credit card (VISA / MasterCard / JCB) | free | Immediately |
| BTC | free | Immediately or several hours |
| ETH | free | Immediately or several hours |
| USDT | free | Immediately or several hours |
| USDC | free | Immediately or several hours |
Account opening
Only the following two items are required to open a Bitterz account.
- email address
- Identity verification documents
Click New Registration on the official website. Enter your country of residence, name, email address and password and check the “I am not a robot” item. An email will be sent from Bitterz to the registered email address. Click the URL in the email to complete.
Bittrez requires the following documents to activate your account:
- driver’s license
- passport
- ID card officially recognized by each country’s government
- Residence card
Transaction system
The following transactions are possible. Maximum leverage is 888 times.
- Forex FX
- Cryptocurrency FX
Transaction fees
You can trade with Bitterzd for free. The following are free items.
- Deposit fee
- Withdrawal fee
- Transaction fees
Currency pair
You can trade 15 stocks on Bitterz. Please check the official page as the coins handled may change each time.
| Currency pair | Minimum lot | Maximum lot |
| BTC/USD | 0.01 | 50 |
| BTC/EUR | 0.01 | 50 |
| BTC/JPY | 0.01 | 40 |
| BCH/USD | 0.1 | 40 |
| BCH/EUR | 0.1 | 40 |
| BCH/JPY | 0.1 | 40 |
| ETH/USD | 0.1 | 150 |
| ETH/EUR | 0.1 | 150 |
| ETH/JPY | 0.1 | 150 |
| LTC/USD | 1 | 400 |
| LTC/EUR | 1 | 400 |
| LTC/JPY | 1 | 400 |
| XRP/USD | 100 | 120,000 |
| XRP/EUR | 100 | 120,000 |
| XRP/JPY | 100 | 120,000 |
Also, although foreign exchange is rarely handled, the following currency pairs can be traded.
| Currency pair | Minimum lot | Maximum lot |
| EUR/JPY | 0.01 | 50 |
| EUR/USD | 0.01 | 50 |
| USD/JPY | 0.01 | 50 |
Scalping trade
Scalping trades are allowed in Bitterz. However, please be careful. Unlike foreign exchange, the price range of virtual currencies is very volatile. If you go the other way, be sure to decide the withdrawal point. If you go the other way, you may lose all your money.
Automatic trading is at your own risk
Bitterz has no restrictions on automated trading. However, automated trading carries great risks. When a one-sided trend appears, the unrealized loss becomes large and all the principal is often skipped. Furthermore, in the case of virtual currencies, trends are more likely to occur than foreign exchange, and price range fluctuations are more likely to occur. You may lose all your money in one trade, so please understand before deciding whether or not to do it. Discretionary trading is recommended.
Low risk, low return for beginners
Beginners should not be familiar with cryptocurrency FX yet, so let’s start with low risk and low return.
Whether or not withdrawal is refused
It will be the most worrisome place for traders who actually trade. There is no Forex company that refuses to deposit, but I am wondering if I can really withdraw when I can make a profit. What about Bitterz, as some companies run away at worst? The patterns of withdrawal refusals from past cases are summarized below.
| Case study | Contents |
| Withdrawal information error | You cannot withdraw if the withdrawal destination is incorrect. |
| Under maintenance | Withdrawals may be delayed during system maintenance. |
| Bonus withdrawal | The bonus itself cannot be withdrawn. |
| Withdrawal currency | Withdrawals are limited to Bitcoin at Bitterz. You cannot withdraw in other currencies. |
| Withdrawal amount | With Bitterz, the minimum withdrawal amount is 0.0001 BTC. |
Full support
Bitterz is a cryptocurrency exchange that can also handle telephone calls, so it has much better support than other companies. Also, there are more deposit methods than other companies, so it may be easier to do.
コメント