Overall, Bithoven is considered a low-risk cryptocurrency broker and can be summarised as a trustworthy and reliable broker. Bithoven offers no minimum deposit as well as a wide range of customer-supported languages.
Bithoven at a glance
| 🔍 Broker's Name | Bithoven |
| 📍 Headquartered | Kingstown, Saint Vincent, and the Grenadines |
| 📅 Year Founded | 2019 |
| ⚖️ Regulating Authorities | Financial Services Agency (FSA) |
| 🌐 Countries not accepted for trade | US |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | Yes |
| 🏛 Institutional Accounts | Yes |
| 💼 Managed Accounts | Yes |
| 💰 Minimum Deposit | No Minimum Deposit |
| 💳 Deposit Options | Bitcoin, Ethererum, XRP, BCH, LTC, USDT, LTM and many more. |
| 💳 Withdrawal Options | Bitcoin, Ethererum, XRP, BCH, LTC, USDT, LTM and many more. |
| 💻 Platform Types | Bithoven |
| 📱 OS Compatibility | Web, Windows, iOS, Android |
| 📈 Tradable assets offered | More than 400 cryptocurrencies |
| 👨💼 Languages supported on Website | English, Thai, Malaysian |
| 👥 Customer Support Languages | English, Thai, Malaysian |
| 📆 Customer Service | 24 hours a day, 7 days a week. |
| 📌 Open an account | 👉 Click Here 👈 |
|---|
Min Deposit
USD 0
Regulators
FSA
Trading Platform
MT5, Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Bithoven Review Revealed – 23 Key Points Overview
- ✅ Bithoven at a glance
- ✅ Who is Bithoven?
- ✅ Bithoven Minimum Deposit
- Bithoven Safe or a Scam
- Bithoven Referral Program
- Bithoven Reviews Pros and Cons
- Bithoven Account
- Bithoven Markets Instruments
- Bithoven Fees, Spreads, and Commissions
- Bithoven Deposit and Withdrawal
- Bithoven Trading Platforms
- How to Open a Bithoven Account
- Bithoven Customer Support
- Bithoven Education
- Bithoven Awards
- Bithoven vs Binary.com vs TradersHome – A Comparison
- Bithoven Current Popularity Trends
- Bithoven Customer Reviews
- Conclusion
- Disclaimer
- Frequently Asked Questions
Who is Bithoven?
According to research in South Africa, Bithoven is a cryptocurrency broker which started operating under Fortris Ltd in 2019. The broker is based in Kingstown, and in Saint Vincent and the Grenadines. Bithoven has over 60 000 clients and has already seen $300 million in cryptocurrency exchanged through its platform.
Bithoven.com is an up-and-coming cryptocurrency exchange platform where you can buy and sell altcoins and tokens quickly, safely, and beneficially. The platform offers margin trading services, high liquidity in the order book, multiple trading pairs, and flawless order execution. By choosing Bithoven.com, you opt for impeccable uptime, fault tolerance, and advanced functionality.
Bithoven Minimum Deposit
| 💳 No Minimum Deposit |
At Bithoven there are no standardized requirements for minimum trading amounts applicable to all supported coins on Bithoven.com. Every trading pair has its own minimum trading amount criteria (both for exchange trading and margin trading) and you are recommended to get acquainted with minimum trading thresholds while placing an order in real-time.
Bithoven Safe or a Scam
One of the best benchmarks to measure the safety of a broker like Bithoven, is to establish which regulating authorities are watchdogs over its actions. The broker is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. Bithoven is also partnered with BitGo, one of the safest and most secure cryptocurrency wallets.
Bithoven Referral Program
Bithoven Reviews Pros and Cons
| ✔️ Pros | ❌ Cons |
| Suitable beginners and experts | Only offers cryptocurrencies |
| Competitive fees | Deposits and withdrawals can only be made in cryptocurrencies |
| Well-regulated | |
| Award-winning |
Bithoven Account
A forex account at Bithoven is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.
| One live account | ☑ No minimum deposit |
| ☑ Demo Account Available | |
| ☑ Bitcoin Payment Only | |
| 📌 Open an account | 👉 Click Here |
Often, the number and type of accounts that a trader can open with a broker differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls. Bithoven only offers one live trading account. However, on the platform users can switch between the Margin trading page and the Exchange page. Note that Margin trading is available for Bitcoin only.
For crypto exchange, Bithoven offers several currencies to choose from which can be traded or exchanged.
Bithoven Markets Instruments
Bithoven offers the trade in more than 400 cryptocurrencies. The most popular market instruments available from most brokers for trading.
Min Deposit
USD 0
Regulators
FSA
Trading Platform
MT5, Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Bithoven Fees, Spreads, and Commissions
Cost depends on different factors, like spread and margins, and clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the position’s size (volume), and the leverage applied to your trading account. Bithoven charges fees of 0.20% on both profits and losses which is below the normal average in the market. Fees are fixed to 0.2% percent per trade, which is the industry average.
Bithoven Deposit and Withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be made through the same avenues as deposits, but this may differ from one broker to the next. Bithoven only supports deposits and withdrawals in cryptocurrency and recommends the use of Switchere. Deposits and withdrawals can be made in Bitcoin only, namely:
Margin trading only supports deposits and withdrawals in Bitcoin. There is no minimum or maximum deposit limits, nevertheless, withdrawal minimums may change depending on the coin.
Bithoven Trading Platforms
The trading platform provided by Bithoven to its clients is in essence the software to carry out trades. Some brokers provide only one trading platform whereas others offer several. A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
Bithoven provides a proprietary platform which allows traders to switch between Exchange and Margin. From the Exchange page, there is a web trading platform where you can manage your BTC orders and view moving averages. From the Margin page, you can access MetaTrader 5. The advanced MetaTrader 5 (MT5) platform is designed to provide easy access to global exchange markets through a simple and intuitive interface.
How to open a Bithoven Account
As with a bank, to register a trading account with Bithoven for the first time, you will be required to go through a basic “know your customer” process. This will allow Bithoven to ascertain that your submitted details are correct and ensure the safety of your funds and account details.
Step 1 – Go to the Bithoven official website
Click on the “Register” button at the top of the landing page to start the process of registering a Bithoven account.
Step 2 – Bithoven Account Application
Provide your email address and create a password.
Accept the terms and conditions and click “register” to complete the Bithoven account application.
Step 3 – Obtain your Bithoven log-in credentials through the email provided.
Bithoven Customer Support
Potential traders need to make sure the broker they chose will offer adequate support whenever they need it. Bithoven customers can reach the support team by completing an online request form, sending an email to the designated email address on the website, or by making use of the live chat option.
Bithoven Education
Before starting to trade, potential clients of Bithoven should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. Bithoven offers some helpful tools and resources that can help beginners such as video tutorials on trading signals and trading robots.
There is also a list of the different available cryptocurrencies with individual white papers and additional information to provide market and product context.
Bithoven Awards
Being an award-winning broker instills extra confidence in traders. Bithoven has several awards which were accumulated during their years in business. This includes the following:
▶ Fastest Growing Cryptocurrency Trading Platform 2019 in Saint Vincent and the Grenadines – Global Brands Magazine, and
▶ Best Crypto Start of The Year 2019 – IAFT Awards.
Bithoven vs Binary.com vs TradersHome - A Comparison
| 🥇 Bithoven | 🥇 Binary.com | 🥇 TradersHome | |
| 💳 Minimum Deposit | No Minimum Deposit | $5 | $25 |
| 🎉 Bonus | ☑ | ☑ | ☑ |
| 💻 MT4 | ❌ | ❌ | ☑ |
| ☪️️ Islamic Account | ❌ | ❌ | ☑ |
Bithoven Current Popularity Trends
According to Google Trends, here is an overview of how frequently the search term – “Bithoven” is entered into Google’s search engine over a given period of time.
Bithoven Customer Reviews
Good Broker Platforms
Great platform, lots of features and resources for trading, analytics, and learning how to trade. you will win if you know how to trade – Ren
Bithoven
Bithoven hosts a good website that is easily accessible and user-friendly, not many rebates are offered- Willem
Bithoven Affiliate Program
I enjoy the opportunities to earn an income through IB programs offered by forex brokers – David
Conclusion
Overall, Bithoven can be described as a broker which is a well-established cryptocurrency exchange despite only being founded in 2019. Traders are offered with a wide variety of altcoins and tokens with low trade commission and acceptable withdrawal fees.
With competitive trading fees, a user-friendly internal platform, and the MT5 offering, Bithoven makes it easy to use the exchange or to start margin trading with Bitcoin. Though is it a good platform for all levels, its lack of comprehensive education and trading tools may be a slight drawback for newcomers.
Min Deposit
USD 0
Regulators
FSA
Trading Platform
MT5, Proprietary Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Disclaimer
Bithoven warns potential customers that trading carries a high risk and may not be suitable for all investors. Before deciding to trade with Bithoven, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
Bithoven warns that margin trading involves the potential for profit as well as the risk of loss. Movements in the price of foreign exchange and commodities are very unpredictable, hence Bithoven cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
Is Bithoven a fake or scam broker?
Bithoven is regulated by Financial Institutions such as The Financial Service Commission, they therefore can be considered safe.
What is the overall rating out of 10 for Bithoven?
Bithoven holds an overall rating of 5/10.
How many instruments can I trade with Bithoven?
You can trade 400 cryptocurrencies with Bithoven.
Which platforms are supported by Bithoven?
Bithoven provides the following popular trading platforms:
- Proprietary web-based trading platform, and
- MetaTrader 5.
Does Bithoven offer leverage?
No Bithoven doesn’t offer leverage.
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