UPDATE 11 November 2021: When trying to access the website of RightBTC today, we were unsuccessful. We received a 502 Error (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.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
RightBTC is a cryptocurrency exchange from the land of Kuwait. It is to our knowledge the only cryptocurrency exchange from Kuwait.
This exchange does not list US-investors as prohibited from trading, but US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
RightBTC is available on many different platforms. In addition to using it online on your desktop, you can also use it on your smartphone, regardless of whether you’re using an iPhone or an Android.
RightBTC 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 RightBTC:
RightBTC Trading fees
Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.
RightBTC’s trading fees for takers is 0.20%. This fee is above the industry average. The industry average is arguably around 0.25%. Makers enjoy a discount on the trading fee and they trade with a trading fee of 0.10%.
RightBTC Withdrawal fees
What about withdrawal fees then? Withdrawal fees vary dependent upon which crypto asset you are withdrawing, but they are normally a fixed amout of the relevant crypto asset, and not percentage based as the trading fees. The industry average BTC-withdrawal fee is 0.0006 BTC according to Cryptowisser.com's empirical studies.
RightBTC charges 0.0015 BTC per BTC-withdrawal. This withdrawal fee is around 250% above industry average and thus a very non-competitive fee. We hope for this platform's own sake that they adjust their BTC-withdrawal fees to industry average within the near future in order to keep current traders and attract new ones.
This trading venue does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading at the exchange. If you don’t have any crypto but want to start trading at this exchange, you will first have to purchase cryptocurrencies from another exchange and then, as a second step, deposit them here. Luckily for you, you can use the Exchange Finder to find a cryptocurrency exchange accepting fiat currency deposits.