Tabpit Exchange Review

The cryptocurrency exchange Tapbit is still relatively young but has already gained popularity among traders. This review aims to describe the features and services offered by Tapbit and to analyze its advantages and disadvantages from the perspective of the end-user experience.

Overview and User Experience

Its simple layout makes it suitable for trading for both newbies and those who are expert traders. The platform's design is clear, which retains user familiarity with sections whichever they require. Signing up to this platform is relatively simple and involves supplying essential personal details accompanied by identification documents to conform to the KYC policies. 

Security

An attribute of the Tapbit exchange that left a great impression on traders is its well-developed security structure. The platform uses complex safeguards like two-factor authentication (2FA), advanced encrypted security measures, and cold wallets for most of the operations. This decreases the possibility of hacking as well as other cyber security threats that may occur. Tapbit helps users stay relaxed by focusing on security and ensuring regulatory compliance. Additionally, with its substantial $40 million insurance fund to protect the assets, it ensures that the assets remain secure even in the worst-case scenarios.

Trading Features

In terms of trading pairs, Tapbit is very diverse and includes all the well-known cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), and a number of others. The exchange is suitable for users wishing to buy or sell them in the prevailing market conditions, referred to as spot trading. 

Fees and Liquidity

Pricing is not an issue at Tapbit because trading fees are on average, and what is more, their fee schedule is quite okay. Users get to be charged constant prices, which are relatively small, but are also allowed to take part in a volume-based tiered fee schedule. It is a structure that entails more trades, hence encourages trading and rewards the traders who engage in frequent trading. From the liquidity point of view, a lot of volume is transacted in the platform daily, which means that large volume trades can be done on the platform with little effect on the prices.

Customer Support

Regarding customer support, Tapbit has an email and live chat support option, which is quite reachable. The support team is highly knowledgeable and experienced; they are able to solve all sorts of problems, from fundamental ones, such as technical problems, to simple ones, such as account-related problems. In the same regard, it also provides support in the form of an extensive FAQ section and knowledge base to help users address their issues independently.

Mobile App

The Tapbit app is available as an Android or Apple version for the mobile option. The application replicates the PC version although it provides the precise features on trading, accounts, and the market streams. The mobile app is well optimized and provides rich functionality, so the users are to have no issues while navigating through the application.

Areas for Improvement

As pointed out above, Tapbit performs impressively across nearly every field; nevertheless, some sections can be optimized such as increasing the list of fiat currencies and payment methods. This would enhance the appeal, get mainstream attention and attract users worldwide.

Want to start trading on Tapbit? Create an account here.