Bit-Z – Trusted Bank-level Security Digital Currency Exchange?
Bitcoin trading has become one of the most lucrative businesses in the modern era and thus it comes as no surprise that today there are over 100 online exchanges that claim to give users the “best investment deals” Bit-Z is no different, and basically is an an “online trading platform” which offers “professional digital asset transactions and OTC services” to customers all across the globe.
About the Company
According to information that can be found online, the company was founded in 2016, and has its headquarters in Hong Kong (a country where a majority of crypto-exchanges are unregulated). However, Bit-Z does not shy away from this fact, and clearly warns its investors to not put in money if they are from the Federal Republic of Germany, or from the State of New York in the United States of America.
In terms of its services, Bit-z aims to provide all of its customers with a “more secure and efficient service” that is at par with any other trading platform in the market. From a security standpoint, we can see that Bit-Z makes use of “bank-level SSL security connections”, so as to ensure the privacy of all the transactions that take place within its network. Lastly, Bit Z also employs’ GSLB distribution servers’ that guarantee the stability of the platform.
How Does Bit-Z Work?
Like many of the other “high profile exchanges” on the web, Bit Z offers its customers with a single trading account. As a consequence of this, to buy or sell bitcoin, all users have to register and verify their details on the website. In addition to this, some more documents may be asked for, if company officials see fit.
What is the Future of BTC in Hong Kong?
As mentioned earlier, Bit Z is based out of HongKong, and thus investors from certain countries can face legal implications if they have used this platform. However, in the recent light of things, we can now see that the Hong Kong government is currently developing regulations that largely mirror “the approach accepted in the US and other western countries”.
Since China has banned all ICO’s, Bit Z has the potential to bring in a large number of Chinese investors onboard.
Is Bit-Z Safe?
After searching through various blogs and community threads, there was no issue of fraudulent activity being reported from the folks at Bit-Z. However, there were numerous complaints regarding the slow withdrawal processes and late money release.
Since, Bit-Z is providing users the option to trade between a large number of different virtual currencies (there are around 20 different virtual coins available for trade on this exchange), individual transactions are carefully monitored.
Some users have written that they have been asked for additional documents for their funds to be released. While all this may sound a bit too much, but seeing the number of scammers that are trying to cash in on the ‘Crypto boom’, it feels like a justified step.
Why Choose The Bit-Z Service?
(i) Professional: the core team consists of experts in the field of finance and digital marketing. All of the core members that are a part of Bit-Z have been in this industry for over 10 years each.
(ii) Easy Transactions: owing to advanced ‘security protocols’ that is used company servers. Bit Z is able to help offer users with fast, crisp “wallet to wallet” transactions (amongst it’s users only).
(iii) Security: as mentioned earlier, Bit Z makes use of “Bank-level SSL secure connections” that make sure that each individual transaction is taking place as prescribed.
(iv) Synchronization Capacity: users have the potential to trade and confirm their transactions quickly.
How Do I Get On Board?
Signing up is extremely easy, and all one has to do is visit the official company website, and fill out the provided form. Some documents may be needed from our end, but other than that, the process is fairly straightforward. In all, the proceedings should take about 10 minutes or so.