Bit-X Crypto Exchange is an online platform designed to make cryptocurrency trading easier and more accessible to everyone. The exchange was created in 2013 and is based in Hong Kong. It offers both spot and derivatives trading with low fees and a secure, user-friendly platform.
The platform allows users to trade Bitcoin, Ethereum, Litecoin, Dash, and other major cryptocurrencies as well as numerous altcoins. Users can also take advantage of the Bit-X currency converter to easily convert cryptocurrencies into fiat currencies, such as US Dollar, Euro, and GBP.
The platform also offers margin trading which allows users to borrow funds to increase their trading power. This can be used to open larger positions, hedge against market volatility, or increase potential profits. However, it is important to note that margin trading does come with the risk of losing more than your initial deposit.
One of the main advantages of Bit-X is the low fees. The exchange charges a maker fee of 0.2% and a taker fee of 0.3% for spot trading. For derivatives trading, the maker fee is 0.075% and the taker fee is 0.25%. There are also no deposit or withdrawal fees.