Posted By Tristan Valehart On 10 Dec 2024 Comments (13)
BIT.com Fee Calculator
Calculate Your BIT.com Trading Fees
Fee Breakdown
When you hear the name BIT.com is a Singapore‑based cryptocurrency exchange launched in August2020 and backed by Matrixport, you probably wonder whether it’s worth your time. Below we break down its core offering, fee structure, security model, and who should really be using the platform. The goal is simple: give you a clear picture so you can decide if BIT.com fits your trading style.
Quick Take
- Spot + futures + options on 65 spot pairs and over 110 futures contracts.
- Leverage up to 1:100 for futures, 1:7.69 for spot.
- Spot fees: 0.04‑0.06%; futures fees: 0.01‑0.04% (VIP‑based).
- Insurance fund (>200BTC) and two‑tier liquidation system protect traders.
- Heavy geo‑restrictions - most of North America, Japan and many Asian regions are blocked.
- Risk rating from Traders Union: 2.61/10 (high‑risk).
Who Is Behind BIT.com?
The exchange rides on the credibility of Matrixport, a unicorn fintech company valued at over $1billion. Matrixport’s founder Jihan Wu co‑founded Bitmain, the world’s largest Bitcoin mining chip maker. This pedigree gives BIT.com a solid capital base and access to sophisticated trading infrastructure.
Trading Products and Infrastructure
BIT.com markets itself as a derivatives‑focused venue. By 2025 it supports:
- 65 spot trading pairs covering the top 50+ cryptocurrencies.
- 110 futures contracts, including USDT‑margined contracts.
- Three Bitcoin‑options series that propelled the exchange to the #2 spot in the Bitcoin options market in 2021.
The platform’s Portfolio Margin engine runs scenario‑analysis models that estimate potential losses across the whole portfolio, a feature usually reserved for institutional desks.
Fees, Leverage & Minimums
BIT.com uses a VIP tier system (VIP1‑9). Your level depends on 30‑day trading volume and holding of Matrixport’s native token. Fees shrink as you climb the ladder.
| Product | Leverage | Fee Range (per side) | Typical Minimum Order |
|---|---|---|---|
| Spot | 1:7.69 | 0.04%-0.06% | 0.001BTC (≈$30) |
| Futures | 1:100 | 0.01%-0.04% | 0.0001ETH (≈$2) |
| Bitcoin Options | NA | 0.02%-0.05% | 1BTC contract |
Deposits start at $20 overall, with crypto‑specific minimums such as 0.0005ETH or 0.001LTC. Withdrawals are capped at a $10 floor.
Security Architecture
BIT.com’s risk‑management stack has two layers:
- Proprietary Liquidation Engine - automatically closes positions when margin falls below the maintenance threshold.
- Insurance Fund - currently holding >200BTC, designed to backstop liquidation shortfalls.
Both layers are complemented by cold‑wallet storage for the majority of user assets and 2FA on login. However, the platform’s high‑risk score from Traders Union hints at possible gaps in regulatory compliance and transparency, so users should stay vigilant.
Account Structure & Fiat Interaction
BIT.com runs a unified account that can hold both crypto and fiat (via partner banks). Direct fiat deposits aren’t supported; you must convert fiat to crypto through a partnered bank before moving it onto the exchange. The platform offers web and mobile apps, with API access for algorithmic traders.
User Experience, Support & Extras
The UI is clean and splits spot, futures and options into separate tabs. Order types include market, limit, and stop‑limit. The copy‑trading module lets you follow professional money managers and share profits up to 15%.
Customer service is 24/7 via live chat, Telegram, and email. Response times are generally under five minutes during peak hours, though users in restricted regions (e.g., United States, Canada, Japan) can’t create accounts at all.
Additional perks include an affiliate program that pays up to 80% commission and a cloud‑mining service that bundles hash power rentals with the exchange account.
Pros & Cons at a Glance
- Pros
- Strong derivatives suite, especially Bitcoin options.
- High leverage options for futures traders.
- Robust insurance fund (>200BTC).
- VIP tier reduces fees for high‑volume traders.
- API and copy‑trading tools for advanced users.
- Cons
- Heavy geo‑restrictions limit global reach.
- Risk rating of 2.61/10 signals regulatory concerns.
- No direct fiat deposit/withdrawal stream.
- Customer support, while available, can be slower for non‑English speakers.
How to Get Started (Step‑by‑Step)
- Visit the official BIT.com site and click “Register”.
- Complete KYC verification - upload ID, proof of address, and a selfie.
- Deposit crypto (minimum $20). Recommended: transfer BTC or USDT for fastest credit.
- Navigate to the “Futures” or “Options” tab, set your leverage, and place a test order.
- Optional: Join the affiliate program or copy‑trading hub to earn extra rewards.
BIT.com vs. Popular Competitors
| Feature | BIT.com | Binance | Bybit |
|---|---|---|---|
| Spot Pairs | 65 | ≈350 | ≈200 |
| Futures Contracts | 110 | ≈200 | ≈140 |
| Bitcoin Options | Yes (3 series) | No | No |
| Max Leverage | 1:100 (futures) | 1:125 | 1:100 |
| Insurance Fund | 200+BTC | ≈150BTC | ≈120BTC |
| Geographic Restrictions | 30+ regions blocked | Few (US, HK) | Moderate (US, HK) |
| VIP Fee Discount | Yes (up to 0.04% spot) | Yes (up to 0.02% spot) | Yes (up to 0.04% spot) |
If you need deep Bitcoin‑options exposure, BIT.com is the clear leader. For broader spot variety and fewer restrictions, Binance still wins.
Is the BIT crypto exchange Right for You?
Ask yourself these questions:
- Do you trade derivatives (futures or options) frequently? - Yes → BIT.com shines.
- Are you based in a restricted country? - No → you’ll be blocked.
- Is regulatory certainty a top priority? - No → consider a better‑rated exchange.
- Do you need ultra‑low fees and VIP discounts? - Yes → volume can push you into the lower fee brackets.
When the answer aligns with the first two points, BIT.com can be a powerful tool. Otherwise, a more mainstream platform may serve you better.
Frequently Asked Questions
What is the minimum deposit on BIT.com?
The platform enforces a $20 overall minimum. Specific crypto minimums include 0.0005ETH, 0.001LTC, and 0.00001BCH.
Can I trade Bitcoin options on BIT.com?
Yes. BIT.com offers three Bitcoin‑options series and was the #2 options market by volume in 2021.
Is BIT.com safe for large positions?
The exchange runs a two‑tier risk system and holds an insurance fund of over 200BTC, which adds a safety net for extreme market moves.
Why does BIT.com have a low risk rating?
Independent agency Traders Union gave BIT.com 2.61/10, primarily citing limited regulatory transparency and the extensive geo‑blocking policy.
How do I become a VIP tier member?
VIP levels are based on 30‑day trading volume and holding Matrixport’s native token. Higher volume unlocks lower fees and higher withdrawal limits.
bhavin thakkar
December 10, 2024 AT 12:06Ah, the glittering promise of BIT.com, a beacon in the cryptoverse that beckons the brave and the bold!
Yet beneath the chrome‑shiny UI lies a labyrinth of fee tiers that could crush the unsuspecting trader like a falling star.
The VIP ladder, while seductive, demands staggering 30‑day volumes that most retail users will never achieve.
And let us not forget the geographic shackles-over thirty regions barred from entry, as if the exchange were a secret society.
For those daring enough to navigate these treacherous waters, the high leverage and deep options market are truly a siren’s call.
But heed this warning: the low risk rating is a glaring lighthouse flashing danger, urging caution before you set sail.
Thiago Rafael
December 11, 2024 AT 04:46From a formal standpoint, BIT.com exhibits a robust derivatives suite that aligns with institutional expectations.
Its fee structure, though tiered, is transparent and benefits high‑volume participants.
The insurance fund exceeding 200 BTC provides an additional safety buffer in extreme volatility.
Nevertheless, the substantial geo‑restrictions and low regulatory rating should be factored into any risk assessment before onboarding.
Janelle Hansford
December 11, 2024 AT 21:26Hey everyone, just wanted to add a quick perspective for the newcomers.
If you’re already comfortable with futures or options, BIT.com’s suite can really expand your toolbox.
Don’t let the geo‑blocking scare you away-if you’re in an eligible region, give the VIP tiers a try as the fee discounts are solid.
And remember, the insurance fund isn’t a guarantee, but it does add a nice layer of comfort for larger positions.
Marie Salcedo
December 12, 2024 AT 14:06BIT.com is pretty slick if you need futures and options in one place.
The UI is clean and the 24/7 chat usually replies fast.
Just watch out for the region block list before you sign up.
dennis shiner
December 13, 2024 AT 06:46Great, another exchange promising low fees but charging you for breathing. 😒
Krystine Kruchten
December 13, 2024 AT 23:26Look, i get the hype around BIT.com but there's some real stuff to think about.
First, the fee tier system works only if you trade a lot, otherwise you're paying the same as many other platforms.
Second, the insurance fund sounds good but it's not a licence – regulators still cant see inside.
Also, their customer support is ok, but if you'r not fluent in english they might miss the point.
Overall, it's a decent tool but not a silver bullet for everyone.
Mangal Chauhan
December 14, 2024 AT 16:06Dear community, allow me to extend a warm invitation to explore BIT.com’s advanced offerings. 😊
The platform’s portfolio‑margin engine is a hallmark of institutional‑grade risk analysis, which is rarely seen on retail‑focused exchanges.
Additionally, the VIP tier incentives reward sustained activity, making fee reductions a realistic goal for serious traders.
Do keep in mind, however, that the extensive geo‑blocking might limit access for some of our global peers.
In summary, for those who meet the eligibility criteria, the combination of high leverage and robust security mechanisms presents a compelling case.
Iva Djukić
December 15, 2024 AT 08:46The discourse surrounding BIT.com’s risk architecture merits a granular examination that transcends superficial headline claims.
Firstly, the dual‑layer liquidation engine operates on a cascade principle: the primary algorithmic trigger executes automated position closures upon breach of maintenance margin thresholds, while the secondary safeguard engages the insurance fund to cover residual deficits.
Secondly, the insurance fund, currently exceeding two hundred Bitcoin, functions as a capital reserve, yet its sufficiency must be contextualized against extreme tail‑risk events historically observed in crypto markets.
Moreover, the platform’s reliance on cold‑wallet storage for the majority of user assets aligns with industry best practices for minimizing hot‑wallet exposure, though the exact proportion of assets held offline remains undisclosed.
From a compliance perspective, the low risk rating of 2.61/10 issued by Traders Union underscores concerns regarding regulatory transparency and potential jurisdictional ambiguities, especially given the extensive geo‑blocking that encompasses North America, Japan, and select Asian territories.
Operationally, the requirement of a $20 minimum deposit, coupled with token‑holding‑based VIP tier augmentation, introduces a nuanced incentive structure that can effectively reduce maker‑taker spreads for high‑volume participants, yet simultaneously erects a barrier for casual traders.
Furthermore, the platform’s API suite provides comprehensive endpoints for order management, market data retrieval, and account monitoring, facilitating algorithmic integration; however, the associated rate limits and throttling policies demand careful calibration to avoid service disruptions during peak volatility.
In terms of leverage, BIT.com’s provision of up to 1:100 on futures contracts surpasses many competing venues, but this amplified exposure necessitates rigorous margin monitoring to prevent liquidation cascades that could strain the insurance fund.
Additionally, the copy‑trading module, while innovative, introduces a layer of social risk where follower performance becomes contingent upon the strategic acumen of lead traders, thereby embedding a form of reputational capital into the user experience.
The platform’s two‑tiered risk‑management framework, intertwined with its insurance fund, offers a degree of resilience; nonetheless, it is not an absolute guarantor against systemic shocks, and users must remain vigilant.
Ultimately, BIT.com presents a sophisticated blend of derivatives tools, high‑leverage capabilities, and a structured fee‑reduction pathway, making it attractive for advanced traders.
Conversely, its regulatory opacity, restrictive jurisdictional policies, and the implicit necessity for substantial trading volume impose considerable constraints for the broader retail community.
Prospective participants should therefore conduct a comprehensive due diligence, weighing the platform’s technical merits against its compliance deficiencies and geographical limitations before committing capital.
Darius Needham
December 16, 2024 AT 01:26Curious about the real-world impact of BIT.com’s VIP tier on fee savings? If you consistently trade over $100k monthly, the tiered discounts can shave a noticeable chunk off your costs.
But ask yourself whether that volume is sustainable without over‑leveraging.
Also, the platform’s cultural outreach is limited by its geo‑blocking, which can be a deal‑breaker for many users.
In any case, the high‑leverage futures are a potent tool, though they demand disciplined risk management.
carol williams
December 16, 2024 AT 18:06Let me paint the picture: you walk into the world of BIT.com, dazzled by its sleek interface, and instantly feel like you’re on a stage of high‑stakes drama.
The derivative offerings are the perfect script for those who crave intensity, with futures that let you amplify every market move.
Yet, the curtain falls hard for anyone residing in a blocked region, as the exchange simply won’t let you audition.
Combine that with a low regulatory rating, and you’ve got a plot twist that makes you reconsider the whole performance.
Maggie Ruland
December 17, 2024 AT 10:46Wow, another exchange that tells you it’s “secure” while holding a secret insurance fund.
Sounds like a trust‑fall exercise with no mat.
Eugene Myazin
December 18, 2024 AT 03:26Hey folks, if you’re after a place with solid futures and a decent insurance fund, BIT.com can be a good fit.
Just make sure your country isn’t on the blocked list, and keep an eye on those fees until you hit VIP status.
Overall, it’s a promising platform for the right trader.
Latoya Jackman
December 18, 2024 AT 20:06BIT.com offers advanced tools, but its limited geographic availability is a drawback.
Consider alternative exchanges if you need broader access.