What is Bitbank? A thorough explanation of its features, future prospects, advantages of using it, and issues to be aware of.

Bitbank, a cryptocurrency exchange, is currently regarded as the most trustworthy domestic exchange, ranking first in security in Japan as of now (November 1, 2018).

In this article, for those who still don’t know Bitbank, we will clearly introduce the following five points.

• Overview of Bitbank
• What Bitbank is / Features
• Benefits of using Bitbank
• Issues with using Bitbank
• Bitbank's future

As a cryptocurrency exchange with high potential for growth, be sure to read to the end to deepen your understanding.

What is bitbank (Bitbank) / Features

Bitbank is a Japanese cryptocurrency exchange established by Bitbank Co., Ltd. in May 2014, registered as a cryptocurrency exchange operator with the Financial Services Agency in September 2017.

Bitbank operates two exchanges: “bitbank.cc” and “bitbank Trade.”

“bitbank.cc”is a cash/spot trading-only exchangeand “bitbank Trade”is a futures trading-only exchange.

And, “bitbank Trade” is operated by OKCoin from Hong Kong, with Bitbank acting as a gateway/face of the service.

The cryptocurrencies handled on “bitbank.cc” are the following six types.

• Bitcoin (BTC)
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Ethereum (ETH)
• Monacoin (MONA)
• Ripple (XRP)

And the cryptocurrencies handled on “bitbank Trade” areonly one type: Bitcoin.

Good points of using Bitbank

The advantages of using Bitbank mainly lie in its high security.

Summarizing Bitbank’s merits, there are six key points.

• High security reliability
• Advanced technical charts
• Zero trading fees during a campaign
• Cryptocurrency lending service
• “bitbank Trade” enables leverage trading
• Ability to control losses

Now, let’s look at them one by one.

Bitbank has the highest security domestically

Source:bitbank

Compared to other exchanges, Bitbank is considered to have higher security reliability.

This is because Bitbank was ranked No. 1 in security by the major ICO evaluation site ICOrating.com.

>>>2018 Security Ranking Announced! Bitbank ranked 22/100

In addition, during the 2017 Coincheck incident, Bitbank proactively disclosed its security management system ahead of others, showing swift and sincere responses to customers.

Moreover, Bitbank distinctly separates its operating funds from customer funds, and customer assets are stored in offline cold wallets, ensuring lower risk even in the event of a hack.

Furthermore, by supporting multi-signature and mobile SMS authentication and other security features, a strong security system can be built by combining multiple authentication methods, making Bitbank fairly resistant to hacking.

In other words, users can trade with a sense of security when using the exchange.

High-functional technical charts

Source:bitbank “Trading View”

Bitbank offers more than 100 types of technical analysis and easy customization through Trading View.

Since you can draw trend lines and text on the chart, you can combine your own analytical indicators with common trading indicators to analyze the chart.

Therefore, Bitbank can be used by both beginners and advanced traders.

Zero trading fees campaign

Source:bitbank

Bitbank runs a campaign where trading fees are free until January 4, 2019.

Hence, for traders who want to minimize trading fees, Bitbank is a convenient exchange to use.

Cryptocurrency lending service

Source:bitbank

Bitbank started offering a service on March 15, 2018 that allows you to lend out your cryptocurrency to earn profits.

Specifically, you lend your held cryptocurrencies to Bitbank for one year, and after one year you receive your principal plus a fee (3%–5%).

Of course, during the term, you cannot trade the cryptocurrencies you have lent to Bitbank, but over several years you can expect substantial price appreciation.

In other words.......More details below ⇩

>>>See on the official Cryptocurrency Trivia site