Tapbit Overview
In this Tapbit Review, we examine a cryptocurrency exchange established in 2022, led by CEO Lucas Galvão. Headquartered in the British Virgin Islands, Tapbit serves over 100 countries with a user base exceeding 500,000. The platform reports a 24-hour spot trading volume of $645.84 million and a futures volume of $5.24 billion. No KYC is required, making it accessible for users prioritizing privacy.
Tapbit supports over 100 countries but restricts access in the United States, China, Cuba, North Korea, and Japan, among others. The exchange does not have a native token. A 1% trading bonus is offered, adding value for new users. This overview sets the stage for evaluating Tapbit’s features and performance.
Where Tapbit Stands Out
Tapbit excels in offering high leverage and no KYC requirements, appealing to traders seeking flexibility. The platform provides up to 150x leverage on futures, supporting high-risk strategies. Its $5.24 billion futures volume reflects strong liquidity for futures trading. No KYC requirement allows users to trade up to 10 BTC daily without verification, prioritizing privacy.
Tapbit supports 349+ cryptocurrencies, covering major coins and altcoins. The platform’s user-friendly interface suits beginners, with mobile and desktop access. Spot trading options are limited, with a $645.84 million volume, indicating a focus on futures. Tapbit’s combination of high leverage and privacy makes it a niche platform for futures traders.
Tapbit Products, Features, & Services
Tapbit offers spot and futures trading, with a focus on cryptocurrencies. The platform supports 349+ cryptocurrencies for spot trading and 111+ futures contracts, catering to diverse trading strategies. Copy trading enables users to replicate experienced traders’ strategies, ideal for beginners. Demo trading allows users to practice without financial risk.
The exchange supports multiple fiat currencies, such as SGD, HKD, and THB, for deposits via credit cards, debit cards, and bank transfers. Withdrawal methods are limited to cryptocurrencies. Tapbit’s affiliate program offers a 40% commission, incentivizing user referrals. The platform’s staking feature allows users to earn passive income on select cryptocurrencies.
Tapbit’s interface is designed for ease of use, with real-time charts and order books. Customer support operates 24/7 via live chat and email, though response times vary. The platform’s high futures leverage of 150x is a key feature, but spot trading is less developed. Tapbit balances accessibility with advanced trading options, prioritizing futures markets.
Tapbit Pros & Cons
| ✅ Tapbit Pros | ❌ Tapbit Cons |
|---|---|
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Signup & KYC
Signing up for Tapbit is straightforward and requires no KYC, appealing to privacy-focused users. Users can register with an email address and start trading immediately, with a daily withdrawal limit of 10 BTC without verification. For higher limits, KYC levels are available, requiring identity verification. The process is optional, enhancing user flexibility.
Tapbit offers a trading bonus upon signup, valued at approximately $9,210, boosting initial trading capital. Withdrawal limits increase with KYC: Level 1 allows 60 BTC daily, while higher levels have unspecified maximums. The absence of mandatory KYC suits users in supported countries seeking anonymity.
Withdrawal Limits
| KYC Level | Daily Withdrawal Limit |
|---|---|
| No KYC | 10 BTC |
| Level 1 KYC | 60 BTC |
| Level 2 KYC | Not specified |
| Level 3 KYC | Not specified |
Tapbit Supported Assets
Tapbit supports 349+ cryptocurrencies for spot trading, including Bitcoin, Ethereum, and altcoins. For futures, it offers 111+ contracts, supporting various trading strategies. The platform does not support stocks, commodities, forex, or options trading, focusing solely on cryptocurrencies. No native token exists, and futures leverage reaches 150x.
Spot trading has no margin options, limiting advanced strategies. The asset range suits altcoin and futures traders, with sufficient variety for most users. Tapbit’s focus on cryptocurrencies aligns with its futures-oriented platform, though it lacks diversity for traditional markets.
Tapbit Trading Options
Tapbit provides spot and futures trading, with a 24-hour spot volume of $645.84 million and a futures volume of $5.24 billion. The platform supports 349+ cryptocurrencies for spot trading and 111+ futures contracts, offering flexibility for various trading strategies. Copy trading allows users to follow experienced traders, while demo trading supports risk-free practice. No stocks, commodities, forex, or options trading are available.
Spot Trading
Tapbit’s spot trading supports 349+ cryptocurrencies, including Bitcoin, Ethereum, and altcoins. The 24-hour spot volume is $645.84 million, reflecting moderate liquidity. No margin trading is available for spot, limiting leverage options. The platform’s interface is user-friendly, with real-time charts and order books.
Supported order types include:
- Limit orders
- Market orders
- Stop-limit orders
These options cover basic trading needs but lack advanced types like TWAP or iceberg orders. Spot trading suits beginners and altcoin traders, though liquidity is moderate.
Futures Trading
Tapbit’s futures trading is a strength, with a $5.24 billion 24-hour volume. The platform supports 111+ futures contracts, with maximum leverage of 150x, appealing to high-risk traders. Futures trading includes perpetual contracts, enhancing flexibility.
Supported order types for futures are:
- Limit orders
- Market orders
- Stop-limit orders
The platform’s high leverage and liquidity make it ideal for futures traders, though the contract selection is moderate.
Copy Trading
Tapbit offers copy trading, allowing users to replicate the strategies of experienced traders. This feature is beginner-friendly, requiring minimal setup. Users can select traders based on performance metrics, with transparent profit-sharing terms.
Demo Trading
Demo trading on Tapbit enables users to practice spot and futures trading with virtual funds. This feature is ideal for testing strategies without financial risk. The demo environment mirrors live trading, including real-time prices and order types.
Tapbit Trading Fees
Tapbit’s trading fees are 0.10% for both spot maker and taker fees. Futures fees are 0.02% for makers and 0.06% for takers. These rates apply uniformly across trading pairs, with no discounts available due to the absence of a native token. Fees are reasonable for most traders.
Spot Trading Fees
Spot trading fees are 0.10% for makers and takers. These fees are consistent across all spot trading pairs, providing predictability.
Futures Trading Fees
Futures fees are 0.02% for makers and 0.06% for takers. High leverage may amplify costs, so traders should plan accordingly.
| Fee Type | Maker Fee | Taker Fee |
|---|---|---|
| Spot Trading | 0.10% | 0.10% |
| Futures Trading | 0.02% | 0.06% |
Tapbit Deposits & Withdrawals
Tapbit supports deposits in multiple fiat currencies, including SGD, HKD, THB, and 20+ others, via:
- Cryptocurrencies
- Credit Card
- Debit Card
- Bank Transfer
- Banxa
- Simplex
Withdrawal methods are limited to cryptocurrencies. Deposit fees are network-dependent and not specified, while withdrawal fees vary by blockchain.
No KYC users can withdraw up to 10 BTC daily, increasing to 60 BTC with Level 1 KYC. Higher KYC levels have unspecified limits, providing flexibility for large withdrawals. The lack of fiat withdrawals may inconvenience some users.
Tapbit Deposit Methods & Fees
| Method | Fee |
|---|---|
| Cryptocurrencies | Network-dependent |
| Credit Card | Not specified |
| Bank Transfer | Not specified |
Tapbit Withdrawal Methods & Fees
| Method | Fee |
|---|---|
| Cryptocurrencies | Network-dependent |
Tapbit Customer Support
Tapbit provides 24/7 customer support via live chat and email. The support team addresses account issues, trading queries, and technical problems, with a rating of 6/10. Response times vary, and some users report delays.
Tapbit Security & Regulations
Tapbit operates with a moderate safety index, lacking specific regulatory licenses based on available data. The platform is headquartered in the British Virgin Islands, a common jurisdiction for crypto exchanges. No major security breaches have been reported, but its recent establishment warrants caution.
Tapbit assumes standard security measures, including two-factor authentication (2FA), encryption, and cold storage for funds. No explicit regulatory oversight is detailed. Users should verify local regulations before trading.
Account Security
Account security includes 2FA via email or authenticator apps, encrypted data transmission, and cold wallet storage. Users are encouraged to enable all available security features to protect funds.
Tapbit Alternatives
Tapbit, Bitunix, and Bybit cater to futures traders, but each has distinct strengths. Tapbit’s no-KYC policy and 150x leverage suit privacy-focused traders, with $5.24 billion in futures volume. Bitunix also offers no KYC and 125x leverage, supporting 317+ coins and $6.4 billion in futures volume, with a user-friendly interface. Bybit requires KYC but supports 647+ coins and $15.25 billion in futures volume, ideal for advanced traders needing liquidity.
Tapbit and Bitunix are better for altcoin and futures trading due to no-KYC policies, while Bybit’s mandatory KYC and higher futures volume appeal to established traders. Tapbit’s $645.84 million spot volume is moderate, similar to Bitunix’s $537.63 million, but Bybit’s $3.64 billion is superior for spot trading. Below is a comparison:
| Feature | Tapbit | Bitunix | Bybit |
|---|---|---|---|
| Spot Fees (Maker/Taker) | 0.10%/0.10% | 0.10%/0.10% | 0.10%/0.10% |
| Coins | 349+ | 317+ | 647+ |
| KYC | Not required | Not required | Required |
| Bonus | $9,210 | $5,500 | $30,000 |
| Futures Volume | $5.24B | $6.4B | $15.25B |
| Headquarters | British Virgin Islands | Dubai, UAE | Dubai, UAE |
| Users | 500,000+ | 1M+ | 30M+ |
Conclusion
Tapbit is a promising exchange for futures traders, offering 150x leverage and a $5.24 billion futures volume. Its no-KYC policy, supporting 10 BTC daily withdrawals, appeals to privacy-conscious users. The platform supports 349+ cryptocurrencies, sufficient for altcoin trading, but its $645.84 million spot volume and limited spot features indicate a futures focus. Trading fees are competitive at 0.10% for spot and 0.02%/0.06% for futures.
Key strengths include high leverage, user-friendly design, and copy trading, ideal for beginners and experienced traders. Its recent establishment in 2022 and lack of regulatory licenses raise concerns about long-term reliability. The absence of fiat withdrawals and restricted access in the US limit its appeal. Tapbit suits futures traders seeking anonymity and high leverage.
FAQ
Q: Is KYC required on Tapbit?
A: No, KYC is not required, allowing up to 10 BTC daily withdrawals without verification.
Q: What are Tapbit’s spot and futures fees?
A: Spot fees are 0.10% for makers and takers. Futures fees are 0.02% for makers and 0.06% for takers.
Q: Is Tapbit available in the US?
A: No, Tapbit is restricted in the United States, as per its terms.
Q: How many coins can be traded on Tapbit?
A: Tapbit supports 349+ cryptocurrencies for spot trading and 111+ futures contracts.
Q: What leverage does Tapbit offer?
A: Tapbit offers up to 150x leverage for futures trading.
Q: Does Tapbit support copy trading?
A: Yes, Tapbit offers copy trading, allowing users to replicate experienced traders’ strategies.
Q: Are fiat withdrawals available on Tapbit?
A: No, withdrawals are limited to cryptocurrencies, with no fiat options.
