Bitcoiva provides 280+ digital assets available for trading with some of them offered for staking.
The APY on staking with this exchange goes up to 60% in 360-day periods on 16 coins/tokens [BCA, BTC, ADA, SHIB, SOL, and so on].
Bitcoiva Exchange Information & Regulation
Bitcoiva is an cryptocurrency exchange founded in June 2020 by Aries Wang, located in 62 marina business center, Boulevard de la corniche, Casablanca 20250, Morocco.
Operated by HYPERUX TECHNOLOGIES PRIVATE LIMITED, Bitcoiva has amassed an impressive user base of over 1 million registered users.
Similar to most other crypto exchanges in the industry, the company is not regulated by any financial authorities.
Bitcoiva Features and Specifications
Here's a summary of the key features that Bitcoiva operates based on:
Exchange | Bitcoiva |
Launch Date | 2020 |
Levels | N/A |
Trading Fees | Varies By The Asset |
Restricted Countries | Iran, North Korea, Cuba, United States, etc. |
Supported Coins | 280+ |
Futures Trading | No |
Minimum Deposit | 0.0001 BTC |
Deposit Methods | Bank Transfers, E-Payments, Crypto |
Withdrawal Methods | Bank Transfers, E-Payments, Crypto |
Maximum Leverage | 1x |
Minimum Trade Amount | From Zero |
Security Factors | 2FA, Cold Wallets, Omnitrix, Security Audits, Bug Bounty |
Services | Staking, Instant Swap, BCA Club, Calculator |
Customer Support Ways | Email, Phone Call, Ticket |
Customer Support Hours | 24/7 |
Fiat Deposit | INR |
Affiliate Program | Yes |
Orders Execution | N/A |
Native Token | BCA |
User Levels Model
Based on our investigations of the platform and its website, there is no user level structure. There are only verified and unverified users.
Commissions and Fees
The company does not have a discount system for traders with high volumes or asset balance. It charges a 0.2% or higher fee for buying/selling assets in "Exchange".
However, swaps are free of charge. Furthermore, deposits and withdrawals are done with a 10 INR commission per transaction.
How Many Digital Assets Are Available for Trading?
Bitcoiva offers a long list of assets for trading, including more than 280 tradable cryptocurrencies:
- Bitcoin [BTC]
- Ethereum [ETH]
- Binance Coin [BNB]
- Cardano [ADA]
- Ripple [XRP]
- Stellar [XLM]
- Dogecoin [DOGE]
- Chiliz [CHZ]
Futures/Margin Trading Options
Currently, Bitcoiva does not offer futures or margin trading services. The platform focuses on spot trading, instant swaps, P2P transactions, and OTC trading.
Signing Up And Identity Authorization On Bitcoiva
In the next 2 sections, we will guide you through the registration and verification processes on the discussed exchange.
Registration
- Visit the official website and click on "REGISTER";
- Create a username and a password, then enter your email and phone number;
- Click on the received activation link and verify your email address.
Now, your account is created on the platform and you can login with your credentials.
Verification
First, complete your profile with additional personal details, then upload required documents to pass the KYC.
Security Factors and Measurements
Bitcoiva has a lot to say in this regard, with several measures in place to protect user funds and data:
- Two-Factor Authentication (2FA)
- 98% of funds stored in cold wallets
- Robust firewall systems
- Proprietary Omnitrix security protocol
- Regular security audits by internal and external experts
- Hot wallet transactions signed across multiple cloud platforms
- Bug bounty program to identify and fix vulnerabilities
What Payment Options Are Provided?
Bitcoiva supports fiat deposits/withdrawals, accepting INR via several payment methods, such as:
- IMPS
- NEFT
- RTGS
- UPI
- And so on
Furthermore, crypto payments are supported by this platform.
Trust Scores and Evaluations
Bitcoiva's scores on Trustpilot and ScamAdviser show a generally positive level of reviews from users:
- Trustpilot: 3.7/5 stars (based on 10+ reviews)
- ScamAdviser: 100/100 Trustscore, 4.2/5 user rating (out of 15+ reviews)
Although the number of user scores is too low, Trustscore given by the latter indicates a good level of reliability.
Copy Trading And Other Earning Options on Bitcoiva
While the company doesn't offer traditional copy trading, it provides access to a staking service which allows traders to earn passive income by staking their crypto assets. Key Features:
- APY up to 60%
- A fixed 360 days period for locking assets
- Varying minimum deposit for different tokens/coins
Writer's Opinion And Conclusion
Bitcoiva charges at least 0.2% fee on trading in "Exchange" section of the platform.
However, this exchange with a 100/100 Trustscore on ScamAdviser enables free Instant Swaps for its users. The minimum deposit starts from 0.0001 BTC on Bitcoiva platform.
