Bitci has a minimum deposit of $10 and a minimum trade amount of $5 for its users. The exchange, offering 3 payment methods [credit/debit cards, crypto, bank transfers] has a 0.25% maker / 0.35% taker fee on its standard level.
Bitci Exchange Information and Regulation
Bitci Global was founded on September 18, 2018 and is based in Bodrum, Mugla, Turkey. This company has the capacity to handle over 1,000 transactions per second and a daily trading volume of 1.2 billion. However, this exchange has no regulatory licenses from any financial authorities.
Bitci Exchange Features Table
The crypto exchange operates based on a structure of specifications and parameters. A summary of them will be mentioned here:
Exchange | Bitci |
Launch Date | 2018 |
Levels | N/A |
Trading Fees | 0.25% Maker and 0.35% Taker Standard Fees, 0.15% or Less Maker and 0.2% or Less Taker VIP Fees |
Restricted Countries | Iran, Iraq, Afghanistan, Sudan, etc. |
Supported Coins | 30+ |
Futures Trading | None |
Minimum Deposit | $10 |
Deposit Methods | Bank Transfers, Credit/Debit Cards, Crypto |
Withdrawal Methods | Bank Transfers, Credit/Debit Cards, Crypto |
Maximum Leverage | 1x |
Minimum Trade Amount | $5 |
Security Factors | 2FA, SSL Certificate |
Services | Launchpad, Social Trading |
Customer Support Ways | Live Chat, Ticket, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | EUR, TRY |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | BITCI |
Notable Benefits and Drawbacks
Knowing about pros and cons of a crypto exchange helps us to have real expectations of it. The table below mentions some of them:
Benefits | Drawbacks |
High Transaction Speed | Lack of Formal Regulation |
Native Blockchain (BitciChain) | Low Number of Available cryptocurrencies |
24/7 Support | - |
User Levels on Bitci
The website does not provide any information regarding user verification levels; however, we can say that there’s likely no tier system regarding verification on the platform, and there are unverified & verified users only.
Trading Commissions and Other Fees
Bitci exchange has 2 models for trading fees: Standard and VIP. The former is as follows:
- 25% maker
- 35% taker
VIP structure is based on user’s trading volume and Bitci balance:
Level | 30-day Trading Volume (USDT) | Bitci Balance | Market Maker | Market Taker |
VIP 1 | 20.000 | 10.000 | 0.15% | 0.20% |
VIP 2 | 200.000 | 50.000 | 0.10% | 0.16% |
VIP 3 | 1.000.000 | 100.000 | 0.05% | 0.14% |
VIP 4 | 2.000.000 | 500.000 | 0.04% | 0.12% |
VIP 5 | 10.000.000 | 1.000.000 | 0.03% | 0.10% |
VIP 6 | 20.000.000 | 3.000.000 | 0.02% | 0.08% |
VIP 7 | 30.000.000 | 5.000.000 | 0.01% | 0.08% |
For estimating a trade’s outcome based on fees, use a crypto profit/loss calculator.
Regarding other costs, there are no deposit commissions, and withdrawal fees vary based on the asset.
How Many Digital Assets Are Available for Trading?
Bitci supports over 30 cryptocurrencies traded against USDT, BRL, and TRY. These assets include popular options from these categories:
- Meme Token
- AI
- Fan Token
- Stablecoin
- Web3
- Metaverse
- DeFi
- NFT
- Layer1
Futures/Margin Trading in Bitci
Per the exchange’s official website, it currently does not offer futures or margin trading options. The platform primarily focuses on spot trading and the issuance of fan tokens.
How to Sign Up and Verify on Bitci
To start trading on the mentioned exchange, follow these steps:
- Visit the company’s website and click on the "Register" button;
- Provide your name, surname, and phone number and create a strong password;
- Enter the code sent to your phone number and verify it.
You have created an account with Bitci. For verification, pass the KYC procedure and provide additional required information & documents.
Bitci Platform and Applications
This exchange has employed “Trading View” as its trading platform with the following features:
- Extended charting and analytics tools
- Economic calendar and crypto screener options
- Social trading feature
Bitci’s terminal is accessible through its mobile applications on iOS and Android:
Security Factors and Measures
Some crypto exchanges release a lot of information about their security measures on their websites. Bitci does not follow the same approach. Based on our investigations, it has only 2 factors:
- Two-factor authentication (2FA)
- SSL encryption valid until July 2025
Bitci Payment Methods
The company supports 3 payment options for deposits and withdrawals:
- Crypto: Blockchain transactions
- Credit/Debit Cards: VISA/MasterCard
- Bank Transfers: Wire transactions
As it seems, the exchange supports 2 fiat currencies:
- EUR
- TRY
Trust Ratings and User Reviews
Bitci global’s profile on ScamAdviser and other sources reflect mixed reviews including some complaints:
- Trustpilot: 2.5/5 stars (based on 5 reviews)
- Scam Adviser: 71/100 Trustscore
- Sikayetvar: 52/100 (out of 860 ratings)
Support Department Contact Info and Schedule
Bitci Exchange offers 3 common support channels for both registered and unregistered users:
- Live Chat: Available on official website
- Email: support@bitci.com
- Ticket: Submittable via the “Support” section of the site
The exchange claims to provide 24/7 customer support, which is a significant advantage for users requiring assistance outside of regular business hours.
Any Copy Trading or Other Investment Options?
Currently, Bitci Exchange does not offer copy trading or passive income options directly on its website. However, Trading View, as the company’s trading platform, h has a social trading feature allowing users to analyze other traders’ strategies and ideas.
Bitci Restricted Countries
Based on the “User Agreement” page on the official website, the exchange does not accept users from countries under economic sanctions or trade embargoes, which most likely includes:
- Iran
- Afghanistan
- Iraq
- Lebanon
- Russia
- Sudan
- And so on
Writer's Opinion and Conclusion
Bitci has set a 0.01-0.15% maker and a 0.08-0.2% taker fee range for VIP levels. The exchange has received a 71/100 Trustscore from the Scam Adviser platform in addition to a 52/100 user rating based on 860 reviews on “Sikayetvar”.