Bitcoin.com 2021 Exchange & Wallet Review
Bitcoin.com is probably one of the world’s most sought after domain names. And the company owning this domain name, also has an exchange, the Bitcoin.com Exchange. The website is owned by Saint Bitts LLC and provides exchange and wallet solutions to enable people to use digital currencies including crypto assets such as BCH, ETH, XRP, LTC, BNB, BTC and XLM that can be traded across more than 70 trading pairs.
Bitcoin.com Exchange Platform
The platform has proved to be a secure, fast exchange platform with 24/7 support. Bitcoin.com Exchange’s trading platform is mobile compatible and you can download it from both the AppStore and Google Play. Bitcoin.com exchange also offers leveraged trading to its users.
The platform offers perpetuals (i.e. futures without expiry dates). The maximum leverage level for their perpetuals is 10x (i.e. ten times the relevant amount).
Bitcoin.com exchange also offers margin trading. Margin Trading provides the opportunity to trade the borrowed assets. This means that Bitcoin.com users now can open Long and Short positions on a variety of cryptocurrencies by up to 10x leverage. Those who use margin trading can amplify their potential profit depending on the selected leverage for 29 markets. Users can take up to 12x leverage on BTC/USDT, ETH/USDT.
Users can also use up to 10x leverage on the following pairs:
BCH/USDT, XRP/USDT, ETH/BTC, BCH/BTC, XRP/BTC, TRX/USDT, LTC/USDT, EOS/USDT, XMR/USDT, ETC/USDT, ADA/USDT, TRX/BTC, LTC/BTC, ETC/BTC, ADA/BTC, XMR/BTC, EOS/BTC.
Up to 5x leverage is offered on the following pairs:
ZEC/USDT, DASH/USDT, VET/USDT, DOGE/ USDT, XLM/USDT, ZEC/BTC, DASH/BTC, XLM/BTC, DOGE/ BTC, VET/BTC.
Find out more about how margin trading works on Bitcoin.com here.
The Bitcoin.com website also offers a wealth of educational resources and provides news and updates about developments in the blockchain and crypto ecosystem.
Exchange Fees
In order to maximise liquidity and narrow the spread on the markets, as well as to encourage market-makers, Bitcoin.com employs a ‘maker-taker’ model for fees.
“Takers” are charged with 0.2% fee from the trade.
“Makers” are charged with 0.15% fee from the trade.
Bitcoin.com describes its maker-taker model as follows:
In a maker-taker model the “taker” is a trader who removes the liquidity from the book by placing an order that matches immediately with an existing order on the book. The Taker pays the fee from the committed trade.
The “maker” is a trader who provides liquidity to the order book by placing a limit order below the best ask price for buy and above the best bid price for sell.
Example:
If the current sell price for BCH is 400 USDT and you place a market order, your order will be executed immediately. In this case you are acting as a taker and hence will be charged the taker fee of 0.2%.
If current sell price for BCH is 400 USDT and you place a limit buy order at 395 USDT, you are acting as a maker and will be charged 0.15%
Bitcoin.com Wallet
Bitcoin.com offers wallet solutions for all types of operating systems: Android, iOS, Windows, OSX, and even Linux. One of the most attractive functionalities is InstantPay. Developed for Bitcoin Cash transactions, payments move faster than Visa, MasterCard, and any other cryptocurrency wallet currently on the market. Users simply have to set their spending thresholds, scan the QR code, and their payment will be completed automatically in an instant. Wallet users are able to manage SLP tokens i.e. send, receive, or store SLP tokens directly in their Bitcoin Cash wallets. Tokens such as SAI ,Spice, GoC, USDH, exist on the BCH blockchain.
People using the Bitcoin.com wallet can store, exchange, and buy Bitcoin Cash (BCH) and Bitcoin (BTC) easily. The wallet facilitates the purchase of crypto using credit cards. Bitcoin.com allows users to deposit digital currencies to the exchange but also enables users to purchase and sell crypto via debit and credit cards. Wire transfer, on the other hand, is not a supported payment method currently.
Users can create saving and spending wallets to manage funds within the platform. There’s also an option to swap Bitcoin for Bitcoin Cash, or vice versa, at the market rate. The Bitcoin.com wallet is designed to help people send and receive Bitcoin anywhere in the world without bank fees or delays. In the case of Bitcoin Cash transactions, the cost is less much lower, enabling faster and cheaper cross-border payments. Read more about how BCH is transforming emerging market economies here.
Platform Security
Bitcoin.com offers a non-custodial wallet app which means users have control of their funds at any given time. Users are able to add personal notes to their transaction history in order to keep track of their activities with ease. In addition, the wallet app supports fingerprint authentication. Furthermore, the wallet offers a paper backup for enhanced security.
Map
The Bitcoin.comMaps helps users find businesses that accept Bitcoin Cash payments around the world.
Games
Bitcoin.com Cash Games offers an array of games from Blackjack, Slots, Roulette, Video Poker, and more. All you need is BCH to have some fun. No personal details are required, instead they create a unique account for you in advance which you can use every time you play.
To do so, simply save your URL before leaving the site and use it to return whenever you’re ready!
Users are able to cash out whenever they want to and receive your winnings instantly. If they don’t wish to cash out right away, they can leave winnings in the secure online casino and come back to them when ready. Users get access to any unspent deposits and winnings in their accounts anytime they visit the platform via their unique URL.
Block Explorer
The BCH block explorer is an application that allows anyone to search the transaction data on the BCH and BTC blockchain.
Merchant Solutions
BCH Merchant is a simple Point of Sale app that allows you to accept Bitcoin Cash (BCH) payments at any retail location. All it requires is a public key or an extended public key linked to your wallet to start receiving Bitcoin Cash (BCH) payments. A Bitcoin Cash point-of-sale app lets your customers pay with cryptocurrency instore. Point-of-sale apps are available for both Android and iOS devices. Some apps will send the Bitcoin Cash payments straight from a customers’ wallet to your business wallet. Alternatively, some deposit the money into your bank account after converting it into your local currency. Read more about Bitcoin Cash merchant gateways here.
