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BitOpps Review – A Reliable Solution for Cryptocurrency Trading

BitOpps Broker Rating
Account Types9.6
Trading Speed9.5
Customer Support9.1
Safety9.4
9.4
Conclusion
BitOpps is trying to bring back the old trends when the crypto-exchanges were focused on the grooming and growth of the investors’ profiles. BitOpps provides you with the majority of the cryptocurrencies that have a presence in the crypto-trading markets as well as the future.

BitOpps Review

BitOpps logo

If you have decided to trade in cryptocurrencies then I must say that it is a very wise investment decision that you have made. In the current times, the cryptocurrency industry is being traded globally as one of the most important and promising online trading platforms. It is also the youngest member in the online trading industry and has gained a vast amount of success and growth since 2009.

How The Cryptocurrency Industry was founded?

It was back in 2009 when the first cryptocurrency known as ‘Bitcoin’ was launched. The anonymous developer/programmer who came up with the idea of introducing Bitcoin (BTC) went by the alias ‘Satoshi Nakamoto’. It was Bitcoin (BTC) that laid the very foundations of the cryptocurrency industry and ever since then, the industry has not looked back.

The industry was launched as an alternative to the traditional financing system that is currently ruling the entire world. As per stats, there are more than 1.7 billion people around the world who currently do not own a bank account. The very reason behind this is the preferences and the restrictions practiced by the traditional finance institutions such as banks when allocating an account to the individuals.

The cryptocurrency industry was introduced to eradicate this once and for all and allow every individual the opportunity to have an account and gain benefit from the services that are available to everyone.

BrokerBitOpps
Websitehttps://www.BitOpps.com
Trading TypeCryptocurrencies
Trading PlatformMobile, Desktop, Tablet
Fees and CommissionsMinimum
Customer SupportPhone and email (Regular Work Hours)
Referral BonusYes
Account TypesBasic, Bronze, Silver, Gold, Platinum, Black
1-on-1 Trading TrainerYes
DepositsCredit Cards, Debit Cards, Bank Wire Transfer
SpreadsFixed and variable
Minimum Deposit250 EUR

The Beginning of the Cryptocurrency Trading

When the cryptocurrency industry was first founded, there was only one cryptocurrency in the field known as ‘Bitcoin’. However, with the passage of time, a number of cryptocurrencies has surged and at present, there are more than 2,000 active cryptocurrencies. So it is up to the investors to choose one from the entire list of crypto-assets.

In the very beginning, the only way to acquire Bitcoin (BTC) was through mining. However, with the introduction of the cryptocurrency exchanges in the same year 2009, the cryptocurrency was made available to investors for purchasing, selling, and trading. With the passage of time, more cryptocurrencies joined the league and now, even the number of crypto-markets is enormous.

Crypto-Trading Experience from Good to Bad

At the start of the cryptocurrency industry and cryptocurrency exchanges in the same year, things seemed very easy and controllable for the crypto-brokers. The only behind this reason was that in the beginning, there were neither many cryptocurrencies nor the number of users to deal with.

In the past two years, the cryptocurrency business has started going up. The industry has been gaining worldwide recognition and popularity due to its very nature and promising technological contributions in the finance industry. However, with the growing user-base, a number of cryptocurrencies, and crypto-markets growing complex and challenging, the burden is now on 500 plus cryptocurrency exchanges to ensure that they are able to keep up with the crypto-trends.

The main goal is to ensure that these cryptocurrency exchanges are able to provide their investors with the services, facilities, and benefits that they deserve or were promised in the first place. Over the course of time, the cryptocurrency industry has amassed a gigantic user base and number of investors. As per stats, the cryptocurrency industry had around 35 million unique users but by the mid of 2020, there are more than 110 million unique users. Although it is a very promising situation for the cryptocurrency industry, yet it has had a negative impact on it through the following:

Crypto-Exchanges’ Orientation

As the number of users has increased in the cryptocurrency industry, so have the investments made by them. While trying to make the most out of this opportunity, there are many cryptocurrency exchanges that have changed their orientation from being customer-centric to business-centric investment-centric. Instead of focusing on the education and grooming of the investors in crypto-trading industry, these exchanges have started introducing services and products that tend to extract more money from their investors.

Lack of Information

There are many investors in the crypto-industry that have expressed dissatisfaction with the cryptocurrency exchanges they are trading with. This is also correlated with the orientation of the exchanges. As they have become focused on investments, the exchanges are not that much interested in gathering much information from the crypto-markets. Therefore, the investors are not informed enough regarding the cryptocurrencies, upcoming events affecting cryptocurrencies, and many other factors. This is why most of the decisions the investors make go into loss.

Lack of Support

This point directly relates to the real-time support that must be offered by the cryptocurrency exchanges to the investors. Because no matter how many facilities, tools, or useful information is shared with the investors, an expert’s opinion always matters the most. This is why the investor must always have access to someone in particular who is an expert in trading and can keep them pointed in the right direction.

BitOpps website

This is Where BitOpps Comes In

As a result of the above, there are possibilities that soon, the cryptocurrency industry will start losing its reputation and popularity that it had struggled so hard to achieve in the first place. This is where BitOpps alongside well reputed cryptocurrency exchanges such as Binance & Coinbase etc. have come in with aims to stop the damage from happening any further.

Similar to the most of high-profile and well-reputed cryptocurrency exchanges, BitOpps is trying to bring back the old trends when the crypto-exchanges were focused on the grooming and growth of the investors’ profiles. The exchanges aimed to provide all the information, insights, advice, guidance, and support the investors needed in order to grow and make decisions in the crypto-trading industry.

So let me take this opportunity to shed some light on the services that BitOpps is providing its investors in order to make a difference in the cryptocurrency industry.

Trading Accounts that BitOpps Offers

BitOpps accounts

Proving to the reputation of being a customer-centric cryptocurrency exchange, BitOpps ensures that it provides you with a vast variety of trading options to choose from. Each account that BitOpps has introduced is the product of hard work and analysis that the expert traders and analysts have gone through in arranging this phenomenal list of trading accounts.

Each of the accounts has been created by the BitOpps analysts and traders is suitable for investors with a certain trading skill. So you can go through the list and decide which account you would want to choose if you wish to trade with BitOpps:

Basic Account

In order to acquire the services offered through BitOpps’ ‘Basic’ trading account, all you need to do is make a deposit of a minimum of €1,000.

Once the payment has been made, you gain access to some of the most basic trading benefits and services. The services that you gain access to include access to an educational center, daily market reviews, basic price alerts, and live support.

Bronze Account

The second trading account in the list offered by BitOpps is the ‘Bronze’ trading account. You can gain access to the bronze trading account by making a deposit of a minimum of €10,000.

Once you have access to the bronze trading account, you gain access to services such as an educational center, daily market reviews, basic price alerts, a dedicated senior account manager, and live support.

Silver Account

The third trading account that BitOpps has to offer you is the ‘Silver’ trading account. Access to BitOpp’s silver trading account can be acquired by making a deposit of a minimum of €25,000.

As soon as you made the deposit and the payment has been added to your account, you manage to unlock a variety of benefits and services. Some of the most essential services include an educational center, daily market reviews, pro-level price alerts, custom analytics, and a range of trading markets.

Additionally, you also get access to services such as personalized trading strategies, Islamic account options, and exclusive position access. As far as the real-time support is concerned, you can acquire live support, services of a dedicated senior account manager, one-on-one trading training sessions, and pro webinars.

Gold Account

The fourth trading account provided by BitOpps is titled ‘Gold’ trading account. If you wish to gain access to this account, then you will need to have a decent amount of money available to make a deposit of a minimum of €50,000.

Once you have the account, you gain access to a vast variety of services that include an educational center, daily market reviews, price alerts, customer analytics, and a range of trading markets. In addition to these, you also have access to services such as personalized trading strategy, Islamic account option, exclusive position access, and premier events.

Furthermore, when it comes to real-time support, you can gain assistance from the live support, pro webinars, dedicated senior account manager, and one-on-one trading sessions.

Platinum Account

The fifth and the second top trading account offered by BitOpps is the ‘Platinum’ trading account. You can gain access to the platinum trading account by making a deposit of a minimum of €100,000.

Once you have access to the platinum trading account, you have access to services such as educational center, daily market reviews, VIP price alerts, VIP customer analytics, and a range of VIP markets. In addition to these, you have access to VIP personalized trading strategy, Islamic account option, VIP exclusive position access, and premier events.

As far as the real-time support is concerned, you have live support, a dedicated VIP account manager, VIP webinars, and VIP one-on-one trading sessions at your disposal.

Black Account

This is the highest level of trading that BitOpps has available to offer its investors. So if you consider yourself to be the best in cryptocurrency trading, then you can choose to go with this. However, to gain access to this account, you will have to get in touch with your account manager who shall guide you with the rest of the process to acquire the ‘Black’ trading account.

Major Crypto-Trading Assets

It is true that there are more than 2,000 cryptocurrencies that are currently rotating the cryptocurrency markets and are support by BitOpps, but there are some major cryptocurrencies where BitOpps excels. Some of the most famous mentions are Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) that it offers you:

Bitcoin (BTC)

No matter how big the cryptocurrency industry grows, one of the key players in the cryptocurrency industry is none other than Bitcoin (BTC). It is the first-ever cryptocurrency that gave birth to the crypto-industry and is currently the largest cryptocurrency with respect to market capitalization.

When it comes to its price, Bitcoin (BTC) has proven to be the dark horse that is constantly shocking the entire world with its growth. In the past few months, Bitcoin (BTC) has gained mainstream success as a result of being integrated into the PayPal platform. If you choose to trade in Bitcoin (BTC), there are chances your investments of a few thousand dollars may bring you hundreds of thousand dollars in the coming months.

Ethereum (ETH)

Ethereum (ETH) is the second-largest cryptocurrency that is second only to Bitcoin (BTC). Similar to Bitcoin (BTC), Ethereum (ETH) has also managed to be recognized by PayPal through its efforts and promising future.

As per statistics, Ethereum’s market capitalization is soon to beat that of Bitcoin’s (BTC) and with the introduction of the Eth2.0, the digital-currency is earning even more fame, adoption, and surge in its price.

Litecoin (LTC)

Litecoin (LTC) is another cryptocurrency that is as promising as Bitcoin (BTC) & Ethereum (ETH). As per many crypto-analysts and trading gurus, Litecoin (LTC) has been referred to as ‘White BTC’. Although it is not as profiting as Bitcoin (BTC) and Ethereum (ETH), it is still a cryptocurrency that is gaining fast recognition and worldwide adoption so investing in LTC would be one of the wisest business decisions.

cryptocurrency trading - BitOpps

Why Trade with BitOpps?

If you wish to trade with BitOpps, then you must know that BTC, ETH, and LTC are not the only cryptocurrencies that the exchange provides. BitOpps provides you with the majority of the cryptocurrencies that have a presence in the crypto-trading markets as well as the future. Apart from the cryptocurrencies, BitOpps also provides you the ability to do Forex trading where you get to choose from a number of crypto/fiat pairs such as BTC/USD, ETH/GBP, and LTC/EUR, etc.

Trading Platform

When it comes to the trading platform, BitOpps’ trading platform has been developed by the analysts and developing team of the exchange itself. The reason behind doing this is to ensure that it is able to update all the services, tools, and facilities on the trading platform without being dependent on third-party providers.

The trading platform introduced by BitOpps has been developed with state of the art trading interface and provides you with a user-friendly trading environment. When it comes to tools/services, the platform provides access to a vast variety of cryptocurrencies, a huge number of crypto-trading markets, the latest news, price alerts, trading signals, historical reports, upcoming events, trading charts, and many more.

No Extra/Hidden Charges

By now you must know that in the online trading business, there are always charges or fees that are hidden from you in the first place. You get to know about these charges only once you have deposited the required amount and then you are bound to pay those charges. Otherwise, you will incur penalties or another series of hidden charges.

The best thing about BitOpps is that you will not have to worry about this at all. The exchange is pretty straightforward and direct when it comes to charges and fees. If there are any charges involved, then you already know about them and if you do not, then just visit BitOpps’ site. Whatever you see there will be the only charge or fee you will incur while trading with BitOpps.

In addition to hidden charges, the fees that you incur for every transaction are lower than most of the cryptocurrency exchanges. This is also a very positive factor that BitOpps can offer you.

No Compromise with Security

When it comes to security, BitOpps does not take any risks. To protect the assets and sensitive information of its investors as well as partners, BitOpps has put in place one of the most advanced and the safest security protocol ‘SSL’. With SSL running the security system, all your transactions are encrypted and transferred peer-to-peer without the involvement of a third party ensuring none of the information is leaked or stolen along the way.

Adherence to AML and KYC Policies

For any crypto-entity directly dealing with the investors or users, it is extremely important to comply with the Anti-Money Laundering and Know-Your-Customer policies. These policies are in place to ensure that the exchanges do not end up being involved in any illegal or state-harming activities intentionally or unintentionally.

KYC Policy

When it comes to Know-Your-Customer (KYC) policy, you are required to provide the necessary information to confirm your identity. Thus, the information requested by BitOpps is in accordance with the guidelines provided under the KYC Regulations. Therefore, to fulfill this requirement, you will be required by BitOpps to provide your personal identification information (PII).

AML Policy

When it comes to the Anti-Money Laundering (AML) policy, BitOpps is adherent to it as much as it is adherent to the KYC policy. In order to adhere to the AML policy, BitOpps ensures that it keeps a close eye on each investor’s crypto-trading activities. If a transaction is suspected to have originated from an unknown or doubtful source, BitOpps conducts necessary investigations/inquiries on it to ensure it is not involved in any money-laundering activities.

How Deposits and Withdrawals work with BitOpps

When it comes to making deposits and withdrawals, BitOpps is well aware of how curious and cautious people become when it is their money on the line. There are many cryptocurrency exchanges around the world that tend to offer their investors an enormous number of payment methods in order to make things convenient for them.

However, it has been observed that most of the time, the investors get overwhelmed with so many options and become more skeptical than ever. This is why BitOpps has kept things very easy and simple for the investors:

Deposits

When it comes to making a deposit, BitOpps gives you the option of either going with a deposit through Bank Wire Transfer or a Credit Card. The minimum deposit that you can make at BitOpps to become a member of the exchange is €1,000. It does not matter if you have an account balance in a different currency. When you make the deposit, the money from your account is converted into euro against the live euro/your currency rate before getting deposited.

Withdrawals

Although you may find BitOpps’ withdrawal method a bit lengthy, yet it has been put in place to help protect your assets and funds. In order for you to be eligible for the withdrawal, you are required to provide your proof of identity, proof of address, and get your card verified through the screening process.

Once all the information has been verified, then you become eligible to make the withdrawal. In accordance with the AML policy, once you request a withdrawal, the request goes to the concerned team whose responsibility is to go through all the necessary checks revolving around the authenticity and origination of the request.

The above-mentioned process conducted by BitOpps may take up to 5-15 business days. Once all the necessary checks have been made, the money is then approved for transfer.

Refer a Friend

In order to encourage fellow investors to bring in more players into the crypto-trading game, BitOpps has introduced the refer-a-friend program. As per the program, if you bring in a friend to open an account at BitOpps, you get an incentive bonus for that.

Based on the amount of deposit made by your friend, the minimum bonus you receive is €328 and for the max amount, you need to get in touch with your account manager at BitOpps for further information.

Email and Phone Support

Even when it is customer support, BitOpps has managed to provide you with options. If your issue or concern is not urgent and can wait a while, then it is the email support where you can write your email and wait for the professional and highly competent support representative to email back to you.

If your problem is serious and needs urgent assistance, then you can call BitOpps’ helpline number that is available from 06:00 am to 03:00 pm (UK Time).

Shelly Melancon (Switzerland)

Shelly is a cryptocurrency enthusiast from Switzerland, she bought her first crypto in 2015 when it was way less popular then it is today and since 2017 she has been writing about cryptocurrency for online news portals. Shelly is the newest addition to the Tokenhell team, she writes mostly news and reviews related articles , stay tuned to her posts to stay up to date with the crypto world.

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