Comparison of Bit vs Cointiger [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bit vs Cointiger comparison!

Your expert: Alejandro Borja

Bit

Your expert: Xavier Tarrasó

Cointiger

Main points

Fees

0.07%/0.04%

Earns

Yes

Customer service

3/5

0,08%/0,15%

Fees

Earns

3/5

Customer service

Recommended for

Beginners

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Buy and hold

Comparison of fees

Rating

3.6 – Reasonable fees but higher for certain advanced trading options.

4.0 – Competitive fees with additional benefits for token holders.

Level

0.07%/0.04%

0,08%/0,15%

Brief explanation

Bit.com offers a competitive fee structure that’s attractive for both casual and serious traders. The exchange charges a 0.06% fee for takers and a 0.04% fee for makers, which is below the industry average. This low fee schedule is beneficial for high-volume traders as it allows them to maximize their profits on each trade. Additionally, Bit.com does not charge any deposit fees for cryptocurrencies, though there are fees associated with fiat withdrawals and deposits, which vary depending on the payment method and the currency involved. Overall, this fee arrangement supports an active trading environment at a reduced cost.

CoinTiger offers competitive trading fees with a clear and straightforward structure. For spot trading, the exchange charges a 0.15% fee for takers and a 0.08% fee for makers. This is quite favorable compared to the global average of around 0.25%. For futures trading, the fees are even lower, with makers paying 0.025% and takers paying 0.07%. CoinTiger also has a VIP system that offers tiered discounts based on trading volume, which can significantly reduce these fees. There are no deposit fees, but withdrawal fees vary depending on the cryptocurrency, with Bitcoin withdrawals costing 0.0005 BTC, which is below the industry average .

Bit

Security Methods: Bit.com employs advanced security protocols including multi-factor authentication, cold storage of assets, and continuous system monitoring, ensuring a high level of protection for user funds and personal data.
Reputation and Reviews: Since its inception, Bit.com has quickly built a strong reputation for reliability and professionalism within the crypto community. The positive reviews and testimonials from seasoned traders underline its credibility and trusted status in the market.
Trading Volume and Liquidity: Bit.com is known for its high trading volume and liquidity, which is crucial for executing large trades without significant price slippage. This makes it an ideal platform for institutional investors and professional traders who require quick order execution.
Transparency: The exchange is transparent about its fee structure, trading processes, and the security measures it implements. This openness is essential for building trust with users and is a core reason why many choose to trade on Bit.com.
Withdrawal and Deposit Policies: Bit.com offers clear and user-friendly policies regarding withdrawals and deposits. These policies are designed to provide convenience while also ensuring the security of transactions, which significantly enhances user trust and satisfaction with the platform.

Cointiger

Year founded: CoinTiger was founded in 2017, establishing itself as a relatively mature player in the cryptocurrency exchange market .
Volume managed: CoinTiger has demonstrated significant trading volume, with a peak 24-hour trading volume reaching $673.3 million in October 2022, reflecting high activity and liquidity on the platform .
Number of users: The platform has amassed over 2 million users globally, indicating a broad user base and a significant level of trust from the community .
Reputation and reviews: Despite some mixed reviews, CoinTiger generally maintains a positive reputation in the crypto community, supported by its user-friendly platform and competitive fees .
Security methods: CoinTiger implements robust security measures, including two-factor authentication (2FA), cold storage for cryptocurrencies, and partnerships with security firms like John Wick Security Lab .

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Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

Unknown

TAI YI INTERNATIONAL TECHNOLOGY PTE. LTD.

Regulation

Regulation not specified

Not regulated

Year founded

Unknown

2017

Founder

Unknown

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Bit	FEATURES	Cointiger
Allows small minimum trades, accessible for those looking to start with modest amounts.	Minimum Trade	Allows low minimum trade amounts, making it accessible for beginners.
Competitive fees across trading types, appealing to high-volume traders due to lower costs.	Trading and Transaction Fees	Competitive fees but could be lower for high-volume traders.
Offers a decent variety of cryptocurrencies, though not as extensive as the largest platforms.	Number of Cryptocurrencies	Supports over 150 cryptocurrencies, providing diverse trading options.
Provides a wide range of crypto-to-crypto trading pairs, enabling diverse trading strategies.	Crypto-to-Crypto Trading Pairs	Wide variety of trading pairs available, enhancing trading flexibility.
The website provides clear and detailed information about fees, policies, and trading options.	Website Transparency	Clear information available, but lacks detailed regulatory disclosures.
Bit.com lacks an exchange card, limiting additional spending flexibility and benefits for its users compared to some competitors that offer branded cards with rewards.	Credit/Debit Card	Does not offer its own exchange card for purchases and benefits.
High-level security storage solutions including cold storage options to protect user assets.	Storage Offering	Provides secure storage with cold wallet options, ensuring asset safety.
Offers staking options but with limited rewards compared to leading competitors.	Staking and Rewards	Offers staking options with competitive rewards, appealing to passive income seekers.
Both mobile and desktop platforms are well-designed, offering full functionality and user-friendly interfaces.	Mobile App and Desktop	User-friendly mobile app and desktop interface, facilitating easy access and trading.
Customer service is available, but response times can vary, impacting user experience during peak times.	Customer Service	Limited support options and slow response times, needing improvement.
Efficient processes for depositing and withdrawing funds, though improvements could be made in speed.	Deposit and Withdraw	Supports various deposit and withdrawal methods but can face delays.

Key features

Analysis tools

Basic charting tools

Basic charting tools, technical indicators

Mobile APP

Security

High 4,6/5

High 4/5

Additional features

Spot trading, margin trading, lending services, OTC trading

Margin trading, futures trading, staking, CoinTiger token (TCH) rewards

Anonymity

Yes

Key points

Available cryptocurrencies

30+

100+

User-friendliness

Bit offers a straightforward and intuitive platform that is easy for beginners to use. The interface is clean and provides essential features without overwhelming new users.

CoinTiger offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Offers reasonable value for money with competitive fees and a straightforward trading experience, though it may lack some advanced features.

Offers good value for money with competitive fees and a wide range of supported cryptocurrencies, making it an affordable option for traders.

Countries of operation

United States, Canada, United Kingdom, Australia, Singapore

Singapore, United States, Canada, Australia, United Kingdom

Best for

Great for beginners and experienced traders looking for a straightforward trading experience with competitive fees.

Best for traders seeking a platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

JPY, USD, EUR, BTC

USDT, BTC

Account

Trading

BIT exchange offers robust security and a user-friendly interface. While it provides essential trading features, it lacks the advanced tools required by professional traders. The exchange also has moderate liquidity.

CoinTiger offers a wide range of cryptocurrencies and advanced trading tools. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

BIT exchange supports multiple deposit options such as bank transfers and cryptocurrencies. Withdrawals are processed efficiently, usually within a day. Fees are minimal, enhancing accessibility.

CoinTiger offers multiple deposit options like bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Account opening process

BIT exchange provides an easy account registration process. Users need to provide personal details and verify their identity. The account is usually approved within a day, ensuring quick access to trading.

CoinTiger provides a seamless account registration process. Users need to fill out personal details and verify their identity. The process is fully digital and typically takes less than a day to complete.

KYC required?

Customer Service

BIT offers customer support through email and live chat. The support team is knowledgeable and responsive, but the absence of phone support and limited availability can be a disadvantage.

CoinTiger provides support via email and live chat. The support team is responsive and available 24/7, ensuring users get timely assistance.

Security

BIT offers strong security features, including 2FA and encryption. Despite its robust security measures, the platform lacks regulation from major financial authorities, which could be a concern for some users.

CoinTiger ensures security with 2FA and cold storage. However, it is not regulated by top-tier financial authorities, which might be a concern for some users.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I recommend Bit.com for traders looking for a robust platform that excels in derivatives trading and offers high liquidity. Its advanced security and comprehensive trading tools make it a strong choice for experienced traders. However, new traders should be aware that the platform’s complexity and limited fiat support could pose initial hurdles. Overall, Bit.com is a standout exchange for those looking to leverage sophisticated trading strategies in the cryptocurrency market.

Xavier Tarrasó

As an expert on our website, I recommend CoinTiger for its diverse range of cryptocurrencies and user-friendly mobile app, which make trading accessible for both beginners and experienced users. However, it’s important to be aware of some limitations, such as slower customer support response times and regulatory transparency. Overall, CoinTiger is a solid choice for those looking to explore a wide variety of digital assets with ease.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of Bit vs Cointiger [ 2024 ]

Bit

Cointiger

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Bit

Cointiger

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Minimum Trade

Trading and Transaction Fees

Number of Cryptocurrencies

Crypto-to-Crypto Trading Pairs

Website Transparency

Credit/Debit Card

Storage Offering

Staking and Rewards

Mobile App and Desktop

Customer Service

Deposit and Withdraw

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Base currencies available

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives Bit and Cointiger