UPDATE 23 March 2023: When trying to access the website of BitOffer today, we were unsuccessful. As far as we know, there have been no preceding messages on system maintenance or new websites or anything similar. We are met with the following error message when trying to access the website:
Accordingly, we believe that this exchange has closed down and we have marked it as "dead" in our Exchange Graveyard. If the exchange's website would become accessible again and the error is just temporary, we will "revive" it and bring it back to our Exchange List.
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What is BitOffer?
BitOffer is a newer addition to the gang of Hong Kong cryptocurrency exchanges. It has been active since 2019.
BitOffer Mobile Support
This trading platform is also available through mobile use, if you for any reason would prefer that. Most of the cryptocurrency trading is executed through desktops, but you should always consider what you prefer for yourself.
The exchange allows US-investors to trade at the platform. But, US-investors should as always do their own independent assessment of any problems arising from their residency or citizenship.
BitOffer Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at BitOffer:
BitOffer Trading fees
OK so this is where it gets really interesting. BitOffer’s trading fees.
BitOffer has the same trading fees for takers and makers: 0.0005 BTC. This is a very common withdrawal fee, but quite rare as a trading fee. The trading fees are almost always expressed as percentages of the trade's value. Whether or not it is good or bad to you depends on the size of the trade. In a larger trade, this is a very impressive and consumer friendly fee. In a smaller trade, it is the opposite.
BitOffer Withdrawal fees
BitOffer charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is roughly 40% lower than the global industry average (0.000812 BTC) and is thereby also a nice consumer-friendly feature of this trading platform.
At Bitoffer you can deposit fiat currency via wire transfer, but not via credit card. Accordingly, if you for some reason would prefer to deposit to your choice of trading platform via your credit card then you need to find another exchange. Don’t worry though, you can find an exchange that accept credit card deposits simply by using our Exchange Finder tool.
However, as this exchange at all accepts fiat currency deposits, it qualifies as an “entry-level exchange” where new cryptocurrency investors can take their first steps into the thrilling cryptocurrency world.