Tapbit Exchange Review: A Comprehensive Guide to Features, Services, and Security

This comprehensive Tapbit guide is designed to walk you through the entire platform. Here's a breakdown of what you need to be aware of.

Tapbit has emerged as one of the fastest growing exchanges in 2024, offering a comprehensive futures trading platform and a range of additional features and services. This complete Tapbit guide will take you through the entire platform. Here's a summary of what you need to know.

KEY POINTS

What is Tapbit?

Tapbit is a centralized exchange (CEX) that operates in over 190 countries and regions, providing trading services to a global user base. Its diverse offerings include derivatives trading with up to 150x leverage, earn options, demo trading, and One-Click Copy Trading.

Tapbit Leadership

Tapbit has seen significant growth in the Southeast Asian and Korean markets since 2021. In April 2024, TrafficShare in the Korean market surged by almost 15 times compared to the same period. Additionally, various Asian markets, such as the Philippines, Indonesia, Turkey, and Malaysia, also saw growth ranging from 80% to 3914%. On September, 26th, 2024, Tapbit has ranked 11th place on CoinMarketCap Derivatives Exchange.

Tapbit has remained steadfast and has developed the most user-centric trading platform with the purest original intent. The recent success of the platform has also paved the way for a fairer opportunity and future for the original financial and investment modes in the cryptocurrency industry.

In the centralized exchange market, Tapbit might not be the leader. However, from any measure, Tapbit has achieved an exceptional level of operational excellence, and its strength and technical expertise are gradually gaining recognition and appreciation.

Tapbit Features And Tools

Tapbit has a range of features and tools that align with the industry standard, as well as some extras. Let’s examine them.

Copy Trading

Tapbit has introduced a copy trading feature that caters to both experienced traders and beginners, offering a convenient and secure way to participate in digital asset trading without the need for KYC verification.

The copy trading feature on Tapbit enables users to engage in trading without having to complete the KYC process, taking advantage of the platform’s strong asset liquidity and dependable security measures. This allows users to join trading activities with the expertise of seasoned traders while protecting their privacy and avoiding the requirement to divulge additional personal information.

The fundamental concept behind the one-click copy function is to link the user’s account with that of a senior trader. Users have the option to select a specific trader’s strategy and automatically replicate their trading actions. As the trader opens or closes a position, the user’s account will execute the corresponding action simultaneously, facilitating an automated trading process.

USDT Perpetual

Tapbit has introduced the USDT perpetual contract, a digital currency derivative that is denominated and settled solely in USDT. It supports long, short, and two-way positions and offers various straightforward leverage options. The contract will not be settled and will closely track spot market prices based on the funding fee. By using mark price for calculating unrealized PNL and liquidation price, it can prevent frequent and unnecessary liquidations caused by market volatility. This feature enables replication of the spot market, particularly when using high leverage.

Spot Trading

Tapbit offers a diverse selection of spot crypto categories, with over 357 spot trading pairs and 106 contract trading pairs, as reported by Coin Marketcap.

To facilitate trading, you can utilize the “Buy Crypto” feature on the Tapbit homepage to purchase crypto for funding. This option serves as an onboarding solution for individuals in need of payment processing.

There are three cryptocurrencies and various associated companies available, each with its corresponding fees.

Earn

The Earn product on Tapbit aligns with industry standards. With it, you can deposit crypto and earn yields on your idle crypto. There are fixed and flexible opportunities on USDT, BTC, and ETH. Flexible products allow you to redeem your crypto anytime, which is ideal for those requiring instant liquidity.

Fixed products, as the name implies, require you to lock your crypto for a fixed amount before withdrawing. Those who utilize this option benefit from higher interest rates.

Payments and fee schedule

Tapbit offers various deposit methods including Third-Party payment, P2P, and free inner transfer.

Tapbit P2P is a trusted platform used by millions of users globally for conducting secure crypto trades with multiple payment methods and 8 fiat currencies.

With support for over 90 major fiat currencies, Tapbit provides a variety of Third-Party options to simplify the process of buying and selling cryptocurrency with local currencies.

The internal transfer function allows users to send funds between Tapbit accounts, with the transfer being credited immediately and with zero transaction fees. Let’s explore how to perform an internal transfer on the Tapbit website.

Rewards and incentives

Tapbit customers can receive rewards through a variety of programs. Here’s how.

Campaign Announcements

Tapbit’s Activity Center is a hub for events and