UPDATE 1 November 2021: When trying to access the website of BitRabbit today, we were unsuccessful. We get an Error 502 (Bad Gateway). There have been no preceding messages on system maintenance or new websites or anything similar.
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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BitRabbit is an exchange registered in the Oceanic country Australia. Australia has its fair share of cryptocurrency exchanges. The team behind Bitrabbit comes from industries that are very relevant to operating a cryptocurrency exchange: internet, blockchain and finance.
The name of the platform is apparently a parallel to how fast the cryptocurrency industry changes. The founders of the platform wants its clients to “grow as fast as rabbits”.
On the date of last updating this review (20 September 2021), this exchange was featured as an Untracked Listing on Coinmarketcap. Even CoinGecko had no information about the trading volumes in this exchange. This is a big red flag for this platform and we urge any prospective user of this platform to proceed with caution.
Like most other exchanges, BitRabbit also offers its trading platform as a mobile application. You can download it on App Store or to your Android without any effort at all. So, if you prefer to do your cryptocurrency trading on the go instead of at your desktop, don’t worry. BitRabbit has got you covered.
As many other exchanges, BitRabbit does not accept US-investors on its platform. If you’re from the US and you’re looking for the trading platform that is just right for you, don’t worry. Use our Exchange Finder to find an appropriate exchange accepting US-investors.
BitRabbit 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. This is the trading view at BitRabbit:
BitRabbit Trading fees
Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Each party to a transaction pay the same fee: 0.10% of the order value.
0.10% is below the industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead.
BitRabbit Withdrawal fees
BitRabbit charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This is substantially below the industry average, as the industry average is 0.000812 BTC per BTC-withdrawal. BitRabbit’s withdrawal fees are thus roughly 40% lower than industry average.
All in all, the fees at BitRabbit are very competitive.
This exchange does not accept any other deposit method than cryptocurrencies, so new crypto investors are restricted from trading here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.