BIT is a specialized cryptocurrency derivatives trading platform launched in August 2020 by Matrixport, a well-known crypto financial services firm. Designed for both novice and experienced traders, BIT offers a comprehensive suite of trading and investment tools — including spot trading, options, perpetual contracts, and crypto yield products. With strong institutional backing and advanced security protocols, BIT has positioned itself as a competitive player in the digital asset space.
This guide explores BIT’s core features, security infrastructure, product offerings, and provides a clear, step-by-step walkthrough for registration and account setup. Whether you're interested in high-leverage options trading or secure crypto yield opportunities, this overview delivers everything you need to get started.
Why Choose BIT for Crypto Trading?
BIT stands out in the crowded exchange market due to its strategic focus on derivatives — particularly options — and its integration with Matrixport’s robust financial ecosystem. Here are the key advantages:
- Low Trading Fees: BIT offers a maker fee as low as 0.02%, making it one of the most cost-efficient platforms for active traders.
- Diverse Product Suite: Beyond options, BIT supports spot trading, perpetual futures, and flexible crypto yield programs.
- Backed by Industry Leaders: As a subsidiary of Matrixport — founded by Jihan Wu, co-founder of Bitmain — BIT benefits from deep industry expertise and strong financial support.
- Integrated Ecosystem: BIT shares login credentials and KYC status with Matrixport, streamlining access across both platforms.
These strengths make BIT a compelling choice for users seeking advanced trading tools with institutional-grade reliability.
Is BIT Exchange Safe? Security Measures Explained
Security is a top priority for any crypto exchange, and BIT implements multiple layers of protection to safeguard user assets.
Third-Party Institutional Custody
BIT uses trusted custodians such as Cactus Custody, Copper, and Fireblocks to store user funds. These services provide institutional-grade asset protection by ensuring that customer deposits are held separately from operational funds — minimizing counterparty risk.
Advanced Technical Safeguards
To defend against hacking and unauthorized access, BIT employs:
- Multi-Signature Wallets: Require multiple cryptographic signatures to authorize transactions.
- Cold and Hot Wallet Separation: The majority of funds are stored offline in cold wallets, while only a minimal amount is kept in hot wallets for daily operations.
- Hardware Security Modules (HSM): Protect private keys with tamper-resistant physical devices used in banking and finance sectors.
These measures align with global best practices and reflect BIT’s commitment to long-term platform integrity.
Core Features of the BIT Platform
BIT delivers a powerful trading experience through its diverse range of financial products.
Options Trading: Leverage Small Capital for Big Gains
Options (also known as "options contracts") allow traders to gain leveraged exposure to cryptocurrencies without owning the underlying asset. This makes them ideal for hedging or speculating on price movements with limited capital.
For example:
- You can buy a Bitcoin call option giving you the right (but not obligation) to purchase BTC at $20,000 in 7 days.
- If BTC rises to $25,000, you profit $5,000 per coin.
- If BTC drops to $15,000, you simply don’t exercise the option — your maximum loss is the premium paid.
BIT supports options on major assets like Bitcoin (BTC), Ethereum (ETH), and TON, offering flexible expiration times and strike prices. This level of accessibility makes sophisticated strategies attainable even for retail investors.
👉 Access advanced crypto derivatives tools with low fees and high liquidity.
Crypto Yield & Savings Products
Beyond trading, BIT enables users to grow their holdings through structured savings plans.
Available in various durations (7-day, 14-day, 30-day, etc.), these yield programs support popular cryptocurrencies including:
- USDT
- BTC
- ETH
Funds invested in these plans typically earn daily interest. However, most products are non-redeemable during the term, so consider your liquidity needs before committing.
This dual capability — active trading plus passive income — allows users to build diversified crypto portfolios within a single platform.
How to Register on BIT: Step-by-Step Account Setup
Creating a BIT account is fast and straightforward. Follow these steps to get started.
Step 1: Sign Up for a New Account
- Visit the official BIT website and enter your email address.
- Click “Get Code” to receive a verification link or code via email.
Set a strong password meeting at least three of these criteria:
- Lowercase letters
- Uppercase letters
- Numbers
- Special symbols
- (Minimum 8 characters, maximum 20)
After registration, download the BIT Mobile App for seamless access to all features.
Step 2: Complete KYC Verification
KYC (Know Your Customer) verification is mandatory before depositing or withdrawing funds. BIT offers two levels:
- Basic KYC: Sufficient for most users; allows moderate withdrawal limits.
- Advanced KYC: Required for higher withdrawal thresholds (typically for large-volume traders).
Accepted ID documents include:
- National ID card
- Driver’s license
- Passport
The process usually takes just a few minutes with clear instructions in the app.
Step 3: Enable Two-Factor Authentication (2FA)
For enhanced security:
- Go to Security Settings.
- Set up Google Authenticator for login verification.
- Create a separate funding password for withdrawal requests.
🔐 Note: BIT shares account credentials with Matrixport. If you already have a Matrixport account, you can log in directly using the same email and password.
Once completed, your account is ready for deposits and trading.
Frequently Asked Questions (FAQ)
Q: Is BIT regulated?
A: While BIT operates globally, it leverages compliance frameworks through its custody partners and adheres to anti-money laundering (AML) standards. Always check local regulations before using the platform.
Q: Can I trade spot and futures on BIT?
A: Yes. In addition to its flagship options products, BIT supports spot trading and perpetual contracts on major cryptocurrencies.
Q: Does BIT offer referral bonuses?
A: Yes, but promotional links have been removed per content guidelines. You can explore official referral programs directly on the platform.
Q: Are there withdrawal limits?
A: Yes. Basic KYC users have lower daily limits compared to advanced-tier accounts. Upgrading KYC status increases these thresholds significantly.
Q: Is the BIT app available on iOS and Android?
A: Yes. The mobile app provides full functionality, including trading, deposits, withdrawals, and customer support.
Q: Can I earn interest on stablecoins?
A: Absolutely. USDT savings plans are available with competitive APYs across different lock-up periods.
👉 Start earning yield and trading derivatives on a trusted global platform today.
Final Thoughts
BIT has emerged as a reliable and feature-rich cryptocurrency exchange focused on derivatives and yield generation. Backed by Matrixport — which raised $138 million across three funding rounds from top-tier investors like IDG Capital, Rakuten Group, and Dragonfly Capital — BIT combines technical innovation with financial strength.
Key takeaways:
- Offers low-cost options trading with maker fees from 0.02%.
- Uses institutional custody and advanced security tech (multi-sig, HSM).
- Supports spot, futures, options, and crypto savings.
- Seamless integration with Matrixport ecosystem.
- Simple registration and fast KYC process.
Whether you're exploring leveraged trading strategies or looking to earn passive income on idle crypto assets, BIT provides the tools needed to succeed in today’s dynamic digital economy.
For those seeking an alternative with similar capabilities and broader global reach, consider exploring platforms that support advanced trading with strong compliance standards.
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