What is FatBTC?
FatBTC is one of the many Seychelles cryptocurrecy exchanges. It has been active since 2014. The exchange offers its user interface in many languages: Chinese, Chinese (Simplified), English Español, Tiếng Việt, Русский, Português. You can also easily switch the language from the upper right corner of the exchange’s website.
FatBTC Mobile Support
The platform is also available to use on your smart phone or reading tablet. All you need to do is to download the application to your iOS-device or Android-device and then start trading.
US-investors may not trade here. There are many things making it complicated for non-US crypto exchanges to accept traders from the US. First and foremost, it’s the US’ legal regime. The US-legal regime imposes tough obligations on many companies accepting funds from US-investors. Such obligations include, inter alia, preparing info material in accordance with SEC-standards and registering them with the SEC (which is a very burdensome process). If you’re from the US, you shouldn’t be too sad though. Use our Exchange Finder to find a US-friendly exchange for you.
FatBTC 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 crypto 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 see that it feels right to you. The below is a picture of the trading view at FatBTC:
FatBTC Trading fees
This cryptocurrency exchange doesn’t charge different fees between takers and makers. In fact, they don’t charge any trading fees at all (!!!). This is extremely competitive and FatBTC is one of the handful centralized exchanges in the world that does not charge takers any fees at all.
As a comparison, in the largest and most recent empirical study performed on industry average crypto trading fees, we found that the industry average spot trading taker fee was 0.221% and the corresponding spot trading maker fee was 0.178%. Here, as you recall, they are both set at 0.00%. Very impressive.
FatBTC Withdrawal fees
Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to pay with Bitcoin in real life. In order to do so, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.
FatBTC doesn’t do this however. They charge a withdrawal fee of 0.0007 BTC when you withdraw BTC. This is slightly below the global industry average of 0.000812 BTC. FatBTC also does not charge any deposit fees for crypto deposits.
FatBTC offers wire transfer as a deposit method, but you can’t deposit via credit card. The fact that FatBTC offers you the opportunity to deposit fiat currency at all makes it what we call an “entry-level exchange”.