Bitazza provides access to Spot and Futures markets with a maker/taker fee of 0.15%/0.25%. The exchange offers leverage options of up to 1:20 and referral fees of up to 40%.
Bitazza; Exchange's Background and Information
Headquartered in Thailand, Bitazza International Limited was founded in 2016 by co-founders Kevin Heng and Kavin Phongpandecha.
The centralized exchange is regulated by the SEC and the Ministry of Finance of Thailand. Bitazza key features:
- 90+ cryptocurrencies
- CEO and Director: Wei Yee
- Futures trading with USDT trading pairs
- Primary focus on the ASEAN market
Bitazza Exchange Table of Specifications
Bitazza offers a range of products, including Spot, Futures, and OTC markets, as well as an NFT marketplace built on the Fuse blockchain. Let’s take a quick look into the crypto exchange’s offerings.
Exchange | Bitazza |
Launch Date | 2016 |
Levels | BRONZE, SILVER, GOLD, PLATINUM, DIAMOND, EMERALD, EARLY ADAPTORS |
Trading Fees | Taker 0.25% Maker 0.15% |
Restricted Countries | North Korea, Iran, Crimea, Cuba, Russia, Syria, Somalia, Sudan, Yemen, Afghanistan, Iraq, Venezuela |
Supported Coins | 90+ |
Futures Trading | Yes |
Minimum Deposit | Fiat $30,000 |
Deposit Methods | Bank Wire, Crypto |
Withdrawal Methods | Bank Wire, Crypto |
Maximum Leverage | 1:20 |
Minimum Trade Size | OTC Market THB 300,000 |
Security Factors | Cold Wallet, Hot Wallet, 3rd Party Custodian |
Services | Spot Trading, OTC Market, Futures, Freedom VISA Card, NFT Marketplace |
Customer Support Ways | Email, Live chat |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | FDM |
Bitazza Upsides and Downsides
Every exchange has its pros and cons, and Bitazza is no exception. Let's weigh the good against the not-so-good:
Pros | Cons |
Regulated by Thailand's SEC | Primarily focused on the ASEAN market |
User-friendly platform suitable for beginners | Limited asset offerings (90+ cryptocurrencies) |
Competitive trading fees with discounts available | Fiat deposits and withdrawals available only for $30,000 or higher |
Advanced charting tools for technical analysis enthusiasts | - |
Bitazza User Levels
We must mention in this Bitazza review that the exchange offers fee discounts for FDM holders up to 70%. The platform also has a 50% discount for those who pay the trading fees with FDM.
User Level | FDM Holding | FDM Trading Fee Discount | Vote Count |
BRONZE | 0 | 50% | 1 |
SILVER | 50K | 50% | 2 |
GOLD | 150K | 55% | 5 |
PLATINUM | 500K | 60% | 10 |
DIAMOND | 1.5M | 65% | 25 |
EMERALD | 3M | 70% | 50 |
EARLY ADAPTORS | 5K | 5% | 10 |
Fees Explained
Bitazza does not charge fees for crypto deposits, and the only charge for crypto withdrawal is the network fee. The exchange has implemented a maker/taker fee structure for trading:
- Maker: 0.15%
- Taker: 0.25%
Bitazza Exchange Markets
The platform has listed 90+ cryptocurrencies in the USDT market. Available cryptocurrencies on Bitazza:
- BTC
- ETH
- AVAX
- SHIB
- XRP
- COMP
- LINK
- UNI
- SUSHI
- SOL
- DOT
- CAKE
Does Bitazza Offer Leverage Options?
The exchange offers perpetual contracts with leverage options of up to 1:20 in the USDT market on various cryptocurrencies, including:
- BTC
- BCH
- EOS
- TRX
- ETC
- DASH
- BNB
- ATOM
- NEO
- ALGO
- DOGE
- STORJ
Bitazza Exchange Registration and KYC
The platform has implemented a straightforward registration process and a three-level KYC procedure.
- Visit the exchange’s official website;
- Click “Sign Up”;
- Provide your email address and set a strong password;
- Click on the verification link sent to your email;
- Provide an ID card (for Thai citizens) or passport (for foreigners) and an additional document for KYC level 1;
- Upload proof of funds and proof of address for KYC level 2;
- Complete an interview with the exchange’s team for KYC level 3.
Bitazza App and Platform
The exchange offers a web-based platform that is integrated with TradingView charts, in addition to a dedicated mobile application.
Safety and Security
Top-tier security is one of the bright sides in this Bitazza review. The exchange has no previous records of security breaches and offers 3rd party custodian solutions.
- Cold storage wallets
- Two-factor authentication (2FA)
- 3rd party custodian solutions: Third-party provider of storage and security services for cryptocurrencies
Bitazza Withdrawal and Deposit Options
The exchange only supports fiat transactions for amounts of $30,000 or higher. It also accepts crypto payments with no minimum requirements.
Bitazza Exchange Trust Scores
There are only two reviews on the Bitazza Trustpilot profile, both of which are 1-star and complain about non-responsive support and the theft of personal information.
Trustpilot | 2.9 out of 5 |
CoinGecko | 6 out of 10 |
The limited online reviews and lack of proper support channels can be alarming for potential clients.
Customer Support
Operated by local partners and teams in each country, clients have direct access to a dedicated personal broker for their trading accounts. The exchange claims to provide support via email, chat, and a Telegram community.
- Email: support@bitazza.com
Note that the link to the Telegram community is not disclosed on the website.
Bitazza Staking Service
The exchange features an Earn program offering staking opportunities on its utility token, FDM, with the following features:
- Minimum staking period: 90 days
- APY-based returns
- Staking up to 9,999,999 FDM in a 365-day period
- Unable to unlock the staked assets until the end of the period
Bitazza Exchange Prohibited Countries
The platform doesn’t provide services to individuals or countries listed on the Office of Foreign Assets Control (OFAC), EU, FATF, and United Nations sanction lists, including:
- North Korea
- Iran
- Crimea
- Cuba
- Russia
- Syria
- Somalia
- Sudan
- Yemen
- Afghanistan
- Iraq
- Venezuela
The platform also doesn’t accept clients from the USA.
Writer's opinion and conclusion
Bitazza has listed over 90 cryptocurrencies and 190 trading pairs in the USDT market. The exchange accepts fiat deposits and withdrawals from $30,000 and above. The platform has a 2.9/5 rating on Trustpilot and a 6/10 on CoinGecko.