Bitxmi Pte Ltd - Singapore




About

Bitxmi is an exchange based in Singapore but operated for the entire world. We provide fast and convenient cryptocurrency trading that includes 40 coin pairs with famous currencies, e.g. Bitcoin, Litecoin, Ripple


More Detail

Bitxmi Pte Ltd is an exchange based in Singapore but operated for the entire world. We provide fast and convenient cryptocurrency trading that includes 40 coin pairs with famous currencies, e.g. Bitcoin, Litecoin, Ripple, Binance Coin, and many more.
The team of professionals works hard to ensure the seamless and smooth running of our exchange. Despite Bitxmi is a fresh platform that only begins its journey, it already has positive feedback from Singapore and international traders.


Our Features

Sign up free

Free Cash for New Users. Join us now and get $10 for free! The bonus is available for all traders that deposited $50 and completed at least 5 trades.

Reward System for Traders. Buy and sell cryptocurrency to earn loyalty points. They can be further converted to BTC, used for next trades or cashed out.

Secure Wallet

The Built-In Cold Wallets. We utilize cold storages for the main funds of our users. You can be sure that your coins are protected as cold wallets aren’t connected to the Internet.

Trade

Trade With Favorable Limits. All users can trade up to 3 BTC daily. This limit increases to 99 BTC after verification but you can contact us to get unique offers for high volume traders.

Instant Transaction

Fast Transactions. Deposits are completed instantly and withdrawals take not more than 6 hours. The accounts’ balances are updated in real time.

More Secure

Top-Notch Security. For the best possible protection, we keep recovery keys for our storages in three different locations, including lawyers in Singapore and London.

24 x 7 Support

Our customer support center is active 24/7/365. You can access it through online chat or email and we will respond in 24 hours.


BITXMI CRYPTOCURRENCY

ABOUT US

Bitxmi is an exchange based in Singapore but operated for the entire world. We provide fast and convenient cryptocurrency trading that includes 40 coin pairs with famous currencies, e.g. Bitcoin, Litecoin, Ripple, Binance Coin, and many more.
The team of professionals works hard to ensure the seamless and smooth running of our exchange. Despite Bitxmi is a fresh platform that only begins its journey, it already has positive feedback from Singapore and international traders.
Our platform focuses on security and reliability that is based on the usage of cold wallets. As well, we aim at trading speed provided by next-gen API protocols. You can find the exact list of features below.

Key Features

  • ●  $10 joining bonus​ for each new customer.

  • ●  A ​rebate system​ for high volume traders and whales.

  • ●  Trading ​limits up to 3 BTC​ per day for new users and ​99 BTC​ for verified traders.

  • ●  Cold wallets ​for users’ money stored at the exchange.

  • ●  Quick and efficient​ order matching system​ that combines Buys and Sells.

  • ●  Fast API protocols ​designed for smooth trading.

  • ●  Native clients for ​iOS ​and ​Android​.

  • ●  Multilingual support that includes English, Chinese Hindi, French, Korean, Russian,

    Japanese, and Arabic.

    Revenue Model

  • ●  Trading fees:​ 0.1% per trade, don’t include additional hidden expenses.

  • ●  Withdrawal fees:​ 1.25% per transaction, also without hidden fees.

  • ●  Deposit fees:​ 0% for all deposit methods.

  • ●  Other fees: ​third-party services can apply extra charges.

    Security Measures

    At Bitxmi, we clearly realize that security and safety issues are dangerous both for traders and exchanges. Our exchange features several traditional security measures to protect our customers from unpleasant experience. Our servers are heavily backed by the best SSL and

DDS protection. Additionally, we utilize cold wallets to store funds of traders. Plus, our double authentication systems come with IP address verification.

Know Your Customer / Anti Money Laundering / Counter the Financing of Terrorism (KYC / AML / CFT) Policies + International Sanctions Policies
We are fully committed to ensuring that our platform is not used for money laundering, terrorism funding and the facilitation of any crime. That’s why we have drafted a comprehensive KYC / AML / CFT policy which lists the minimum standards that must be

met.

Know Your Customer (KYC) Measures

Our customers can easily be identified through a number of ways. These include but are not limited to identification through passports, other identification documents or cards, bills with their addresses, etc. We always ensure that copies of the clients’ relevant information is stored in our database.

Anti Money Laundering (AML) Measures

We have recruited a Money Laundering Reporting Officer (MLRO) who works at a senior level, independent and above all procedures. The officer checks and ensures that trading meet the industry rules and requirements.
Here are the exact tasks of MLRO:

  • ●  Setting up and ​maintaining a​ ​Risk-Based Approach​ (RBA).

  • ●  Checking Know Your Customer ​(KYC) practices to mitigate risks.

  • ●  Monitoring of​ ​ongoing customer activities​ through risk-scanning systems.

  • ●  Reporting suspicious activity ​within the platform.

  • ●  Keeping of regular records​ even for the smallest of prescribed periods.

  • ●  Educating employees​ about potential risks related to frauds and money laundering.

    International Sanctions Policy (ISP)

    According to the International Sanctions Policy (ISP), our exchange doesn’t indulge in any transactions with individuals, companies, and countries that are placed on the sanction lists.

General Risk Disclosure

This notice is intended to inform you of the risks that are generally associated with investment products. Bitxmi provides a diverse range of investment products as well as instruments and features related to trading so we suggest studying this section to learn about potential pitfalls:

  • ●  Appropriateness. ​We regularly evaluate the products and services provided to our users based on their feedback. If the chosen investment products aren’t suitable for traders, we warn them and notify about risks. Users are still eligible to agree with these risks and proceed with the chosen assets.

  • ●  Software. ​Various third-party applications utilize different protocols and APIs. We aren’t responsible for any errors related to these protocols, software security, and accessibility. Moreover, we may suspend trading operations with a given software protocol or restrict trading from certain accounts in case of problems.

  • ●  Third parties. ​Apart from external software, our exchange can cooperate with third-party platforms to execute orders or keep fiat money. These partners aren’t responsible for your losses even if they are officially registered. Thus, we also don’t cover these damages related to problems with external storages or processors.

  • ●  Internet. ​System errors, software/hardware failures, disconnections, hacker attacks, and malware can affect your trading and lead to delays or issues with order placements. Be aware of this fact and also remember that SMS and email services are vulnerable to attacks. Always check emails to see if they are from our team.

  • ●  Fees. ​All our charges are listed at the official website. Review them carefully to be sure that fees are suitable for you as they can affect the trading’s profitability.

  • ●  Information. ​Any news, opinions, research, analysis or any other information is shared here as general commentaries and doesn’t act as trading suggestions.

  • ●  Past performance. The value of future investments can’t be determined by past transactions. Your performance can lead to either losses or profits at any time.

    Crypto Trading Risks

    When it comes to the essence of crypto trading, users should clearly realize a few more points and associated risks. Services of Bitxmi aren’t regulated by any authorities as well as crypto

markets are unregulated and decentralized by their nature. Means, in case of any issues, there will be no official bodies to interfere or react.
Generally, cryptocurrency trading markets are based on users’ demand and supply. Prices of coins are hardly predictable and highly volatile. Users can experience upside and downside risks and Bitxmi doesn’t guarantee the profitability of any asset or deal. You always should understand the principles of crypto trading and price formation.

Crypto trading is also related to risks of fraudulent and illegal activities as this market isn’t regulated and all deals are executed anonymously, actually. At all, crypto coins are high-risk assets so you want to invest only the amount you can afford to lose. It’s possible to end up with losing everything you have invested initially.

Apart from the mentioned things, remember about:

  • ●  Execution. ​It happens that prices of assets change during the pending period between

    the order placement and its execution. These changes can be either profitable or unprofitable but users can protect positions by using Stop Loss orders. Still, this features isn’t always effective because of market volatility.

  • ●  Position monitoring. ​It should be clear that the monitoring of open positions is the full responsibility of traders. Bitxmi can spectate for activity related to your trading but we will not notify you about losses/profits or required changes.

  • ●  Delisting. ​It is possible that the cryptocurrencies involved in your order are delisted or unsupported by the exchange platform with time. The order will be shut down then. We will try to sell assets that will be delisted on your behalf to minimize losses.

  • ●  Currencies. ​Traders’ accounts at Bitxmi are open in USD. You should spectate for all price fluctuations and rate changes if you deposit money in another currency. Be sure to look at cross rates between fiat currencies and crypto, as well.

  • ●  Blockchain. ​Finally, you should remember about risks related to blockchain systems. All the coins are based on decentralized platforms that also can face policy changes or tech problems. We aren’t responsible for them and their consequences.

*CRYPTOCURRENCY MARKETS ARE DETERMINED BY DEMAND AND SUPPLY ONLY

The world of cryptocurrencies is full of fluctuations, and changes as the cryptocurrencies market are never stable. The prices are often unpredicta


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