BitOasis is a Bahrain-bade cryptocurrency exchange located in the United Arab Emirates. This crypto exchange functions as both a crypto-to-crypto exchange and a broker. It supports various cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, Zcash, Stellar Lumens, Bitcoin Cash, and Ethereum Classic.
BitOasis Features
Security
BitOasis provides its users with the option of top-notch security with features. Some of these features include email ID confirmation for every login, two-factor authentication, and advanced SSL encryption protocols to prevent unauthorized access.
Coins and Trading Pairs
The platform features over 60 crypto assets and 200 crypto-fiat trading pairs. The cryptocurrencies it supports include Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, Ethereum Classic, ZCash, Lumens, and Ripple.
Additionally, it allows trading pairs.BitOasis offers ETH–BTC, XRP–BTC, LTC–BTC, ZEC–BTC, BCH–BTC, and ETC–BTC. Additionally, all supported cryptocurrencies can be traded against AED.
BitOasis Fees
BitOasis makes its profits by charging users trading fees. Users incur this cost when buying and selling cryptocurrency. The trading fee structure depends on your monthly trading volume and whether you are a ‘market maker’ or ‘market taker.’ A market maker provides liquidity for the exchange, while a market taker trades at the prices set by the makers. If you are an everyday trader, you are likely a market taker.
BitOasis Core
BitOasis Core is an excellent BitOsasis feature that allows users to buy and sell over 68 cryptocurrencies with a 0% commission fee. Additionally, it allows users to manage their portfolios via dashboards that feature detailed portfolio information, price alert tools, and new charts that keep them updated with the finance market.
Referral Link
With this feature, users can earn rewards up to 500 AED. Users can sign in, verify their accounts, create a unique referral link , and share it with people. Both the inviter and the invited friend earn rewards when the friend joins BitOasis through the referral link, deposits, and purchases cryptocurrencies.
Final Words
BitOasis is an excellent choice for Saudi Arabia crypto users. It has features that make it an exceptional choice. Some of these features include BitOasis Core, Invite an Earn, BitOasis Core, etc.
Frequently Asked Questions
Is BitOasis Easy to Use?
BitOasis offers a clean and user-friendly account dashboard, making sending and receiving funds easy.
Can I Use BitOasis from Abroad?
Yes, you can. Although BitOasis primarily focuses on the Middle East, anyone can use the platform to deposit and withdraw funds. Therefore, there are no country restrictions.
Is BitOasis Regulated?
BitOasis is not a regulated cryptocurrency exchange. The crypto exchange regulations for this compliance are not clear.
Do I Need to Verify My Identity to Use BitOasis?
Yes, you do if you are depositing and withdrawing funds with fiat money. However, unless you are from one of the six supported countries—United Arab Emirates, Bahrain, Oman, Kuwait, Saudi Arabia, and Qatar—you likely won’t be able to do this.
Does BitOasis Wallet Have an App?
Yes, BitOasis had an app
How Much Are BitOasis Trading Fees?
BitOasis trading fees depend on whether you are a market maker or market taker and how much you trade in a month.
Does BitOasis Offer Leverage?
BitOasis is a standard third-party exchange and does not allow you to apply leverage to your trades.
