Tapbit has emerged as one of the most rapidly expanding exchanges in 2024, providing an extensive futures trading platform alongside various supplementary features and services. This comprehensive Tapbit guide is designed to walk you through the entire platform. Here’s a breakdown of what you need to be aware of.
KEY POINTS
- Tapbit Exchange offers a wide range of products, such as futures trading, trading bots, One-Click Copy Trading, hedge mode, earning opportunities, and comprehensive educational resources.
- Tapbit’s security infrastructure is founded on the Trading 3.0 System and a 40 million insurance fund, underscoring the platform’s dedication to user safety and compliance.
What is Tapbit?
With operations in over 190 countries and regions, Tapbit is a centralized exchange (CEX) that provides trading services to a worldwide user base. Its diverse offerings include derivatives trading with up to 150x leverage(Tapbit Derivatives Explained: USDT Perpetual Contract Trading Explained | Tapbit Exchange (gitbook.io), earn options, demo trading, and One-Click Copy Trading.
Tapbit Leadership
Tapbit has experienced significant growth in the Southeast Asian and Korean markets since 2021. In April 2024, the TrafficShare in the Korean market surged by almost 15 times compared to the same period. Additionally, various Asian markets, such as the Philippines, Indonesia, Turkey, and Malaysia, also saw growth ranging from 80% to 3914%. On September, 26th, 2024, Tapbit has ranked 11th place on CoinMarketCap Derivatives Exchange.
Tapbit has remained steadfast and has developed the most user-centric trading platform with the purest original intent. The recent success of the platform has also paved the way for a fairer opportunity and future for the original financial and investment modes in the cryptocurrency industry.
In the centralized exchange market, Tapbit might not be the leader. However, from any measure, Tapbit has achieved an exceptional level of operational excellence, and its strength and technical expertise are gradually gaining recognition and appreciation.
Tapbit Features And Tools
Tapbit has many features and tools that align with the industry standard, as well as some extras. Let’s examine them.
Copy Trading
Tapbit has introduced a copy trading feature that caters to both experienced traders and beginners, offering a convenient and secure way to participate in digital asset trading without the need for KYC verification.
The copy trading feature on Tapbit enables users to engage in trading without having to complete the KYC process, taking advantage of the platform’s strong asset liquidity and dependable security measures. This allows users to join trading activities with the expertise of seasoned traders while protecting their privacy and avoiding the requirement to divulge additional personal information.
The fundamental concept behind the one-click copy function is to link the user’s account with that of a senior trader. Users have the option to select a specific trader’s strategy and automatically replicate their trading actions. As the trader opens or closes a position, the user’s account will execute the corresponding action simultaneously, facilitating an automated trading process.
USDT Perpetual
Tapbit has introduced the USDT perpetual contract, a digital currency derivative that is denominated and settled solely in USDT. It supports long, short, and two-way positions and offers various straightforward leverage options. The contract will not be settled and will closely track spot market prices based on the funding fee. By using mark price for calculating unrealized PNL and liquidation price, it can prevent frequent and unnecessary liquidations caused by market volatility. This feature enables replication of the spot market, particularly when using high leverage.
Spot Trading
Tapbit offers a diverse selection of spot crypto categories, with over 357 spot trading pairs and 106 contract trading pairs, as reported by Coin Marketcap.
To facilitate trading, you can utilize the “Buy Crypto” feature on the Tapbit homepage to purchase crypto for funding. This option serves as an onboarding solution for individuals in need of payment processing.
There are three cryptocurrencies and various associated companies available, each with its corresponding fees.
Earn
The Earn product on Tapbit aligns with industry standards. With it, you can deposit crypto and earn yields on your idle crypto. There are fixed and flexible opportunities on USDT, BTC, and ETH. Flexible products allow you to redeem your crypto anytime, which is ideal for those requiring instant liquidity.
Fixed products, as the name implies, require you to lock your crypto for a fixed amount before withdrawing. Those who utilize this option benefit from higher interest rates.
Payments and fee schedule
Tapbit offers various deposit methods including Third-Party payment, P2P, and free inner transfer.
Tapbit P2P is a trusted platform used by millions of users globally for conducting secure crypto trades with multiple payment methods and 8 fiat currencies.
With support for over 90 major fiat currencies, Tapbit provides a variety of Third-Party options to simplify the process of buying and selling cryptocurrency with local currencies.
The internal transfer function allows users to send funds between Tapbit accounts, with the transfer being credited immediately and with zero transaction fees. Let’s explore how to perform an internal transfer on the Tapbit website.
Rewards and incentives
Tapbit customers can receive rewards through a variety of programs. Here’s how.
Campaign Announcements
Tapbit’s Activity Center is a hub for events and activities. In this area, you can complete activities to earn rewards from trading competitions, receive crypto from new listings, receive tickets to special events, new user incentives, and more.
Bonus Tasks
Tapbit offers new user incentives as welcome bonuses. Here, you complete tasks relevant to the Tapbit platform to receive USDT. Some of these tasks include:
- Making a first deposit
- Completing your first trade
- Meeting minimum trading volumes
- Making referrals
- It’s necessary to complete KYC verification to receive bonuses
Note: 1. The initial deposit task is only for new users. New users will be rewarded if the first deposit amount to the contract account meets the requirements within 48 hours after registration. Valid deposit methods: on-chain deposit, P2P, third-party payment, and so on. Any transfers out from the contract account before reward usage will result in the automatic forfeiture of your reward.
- The cumulative volume task is for all users.
- Your reward is valid for 14 days. Any unused reward will be automatically forfeited after 14 days.
- For more Bonus Task rules, please click: Cryptocurrency Exchange to Buy Bitcoin and Ethereum | Tapbit
Affiliates Program
Ready to embark on an exciting journey towards wealth and success in the crypto world? Look no further than Tapbit’s Affiliate Program, designed to empower web3 enthusiasts and crypto investors worldwide.
Tapbit leverages cutting-edge technology to offer industry-leading services. Tapbit’s core aggregation engine is the most advanced technology product in the market, capable of handling instantaneous huge volumes of transactions with fault tolerance and extreme processing speed. With banking-grade SSL encryption, multiple signatures, and hot & cold wallet separation technologies, the company prioritizes the security of user assets above all else.
As of August 2024, Tapbit has served 190 countries/regions, 4,000+ affiliates have joined Tapbit, and 5,000+ BTC rebates have been issued.
What can I trade on Tapbit?
On Tapbit, you can trade spot and perpetual futures contracts. As of September 2024, there are over 700 trading pairs available for spot trading and over 111 futures contracts.
You can also purchase crypto to fund your trading using the “Buy Crypto” option on the Tapbit homepage. This feature is an onboarding option for those who require payment processing.
How to sign up for Tapbit
Register
- Go to the Tapbit website. Click one of the two “Sign up” buttons to begin the sign up process.
- Fill out the form: On the following page, you have two options to continue. You can either use an email address or a phone number. For our demonstration, we will use an phone number. Enter your phone number, a strong password, and a referral code if applicable.
- Enter the verification code: You will receive a verification code in your email. Simply enter the six-digit number to continue with the signup process.
- The page will be redirected to the Bonus Task page for new users to get up to 320 USDT bonus rewards. Feel free to explore the platform’s products and features.
Security Settings
To fully protect your account security and accordingly its assets. It is highly recommended to fully complete the security settings before you start to make an actual trade. Please click “Security Center” in the drop-down menu after logging in.
Furthermore, there are a few security setting options, which are quite important during the actual trading initiatives. We strongly recommend you fully enable and activate 2FA, on your official account.
It is highly recommended that your mobile phone or Google Verification to verify your identity when logging in or making an initial trade. Furthermore, you can choose the one you prefer or set both.
If your country is on the ‘Supported Country List’ of the phone numbers, click SMS Authentication to bind your mobile phone. If your country is not on the list, you must bind the Google 2-step Verification for your account’s security.
Risk Control Measures
To begin with, customer funds at Tapbit are fully backed, meaning they are held at least 1:1. So, for every coin in your account, there is a corresponding asset held somewhere else. To sweeten the deal, customer funds are also segregated. This means that they cannot be used without the user’s consent, even in bankruptcy.
Furthermore, Tapbit’s security upgrade measures in Trading System 3.0 reflect its deep understanding and forward-looking layout of user asset protection.
As an exchange known for its security measures, the biggest highlight of Tapbit’s new trading system is that it has enhanced disaster tolerance by reducing latency. The system adopts a multi-layer architecture, dividing market conditions, orders, user assets, and K-line charts into independent modules. Each module can independently process different data and correspondingly split the risks. They are more independent of each other and the service level is more stable.
The upgraded new system is deployed in cluster mode and supports horizontal expansion. It can quickly expand capacity without changing the software code, and its ability to cope with traffic peaks is significantly improved; there is no need to shut down during the upgrade, which will not affect user transactions.
The platform introduces the latest security technologies, including but not limited to multi-factor authentication and advanced cold wallet storage solutions. Multi-factor authentication significantly improves account security by combining passwords, biometrics, and other verification methods, preventing unauthorized access. On the other hand, cold wallet storage stores most assets offline, greatly reducing the risk of cyber attacks.
In addition, Tapbit has strengthened its DDoS attack protection measures, significantly improving the stability and reliability of the system by optimizing the network architecture and increasing protection equipment. This series of measures not only protects users’ assets but also provides a solid foundation for the long-term stable operation of the platform.
Account Security
Customers have several options for maintaining account security. Firstly, after creating an account, you can view your security level. Your level starts low, but you can increase it by using a few tools, which are:
Passkeys: A digital credential that allows users to sign in to websites and apps without a password.
Google Authenticator: An application for multi-factor authentication.
Phone number: Using a phone number adds another verify steps (e.g. OTP).
Anti-phishing code: A security feature that helps users identify legitimate sources from phishing attempts.
Activating all the tools at your disposal means that your assets are super safe. Anyone with malicious intent is akin to a burglar trying to scale a wall, bypass a locked door, and crack open a Sentry safe, all under constant surveillance. Infiltration may not be impossible, but it will be highly impractical.
Customer service and support
If you ever need assistance, there are a few options on Tapbit. Your first line of defense is the customer support center. Here, you can search for some of the most common customer problems in the “Frequently Asked Questions (FAQ)” and “Top Questions” sections.
You can also stay abreast of the latest developments and platform changes in the “Latest Announcements” section. If you have any questions regarding any legal matters, the “Terms” is where you want to look. For guides on products and generally any process on Tapbit, navigate to the “Beginner’s Guide.”
If you still have any questions or concerns that require a personal touch, you can submit a request. However, the options for specific issues are limited, and you cannot talk to a human via chat anytime.
Ratings & Reviews
According to Trustpilot, customers are split on the Tapbit experience. As is the nature of customer reviews, many contributors either love or strongly dislike the platform. Tapbit has a moderate Trust score of 4.2, showing that most of the users have left with a 5-star review.
According to Google Play, Tapbit has an extremely high score of 5 with 239 reviews.
Tapbit Is A Wonderful Choice For Beginners
Tapbit is committed to building a safe, reliable, efficient, and convenient trading platform to provide users with a high-quality trading experience. Tapbit uses its technical advantages, professional customer support services, and flexible risk control settings to provide users with a safe and reliable trading environment.
As the market develops, Tapbit’s trading options will continue to improve and combine with other trading tools and strategies to provide users with a more convenient, efficient, and safe investment experience.
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