Bitvast

Bitvast Exchange

Bitvast was a centralized cryptocurrency exchange founded in 2018, with operations reportedly based in the Netherlands and South Africa. It aimed to offer a platform for global users to trade and invest in a range of cryptocurrencies. However, based on available data, Bitvast appears to be largely inactive or defunct with untracked or extremely low trading volume.

What Made It Unique (Historically)

• Global Reach: While based in South Africa and the Netherlands, Bitvast claimed to cater to a global user base.
• Crypto-Only Trading: The platform primarily supported crypto-to-crypto trading pairs (e.g., BTC, ETH, USDC, TUSD).
• Dual Trading Interfaces: It offered both a "quick buy/sell" interface for beginners and an "advanced trading interface" with more tools for experienced traders, including Market and Limit orders.
• Low Fees: Bitvast historically advertised a flat 0.15% fee for both makers and takers, and reportedly offered free deposits and withdrawals for cryptocurrencies.
• API Services & Affiliate Program: The exchange provided API access for trading and market data, and had an affiliate program for user referrals.

Things to Keep in Mind (Crucial Information for Today)

• Untracked/Negligible Volume: Major data aggregators like CoinMarketCap show Bitvast's trading volume as "untracked" or virtually non-existent. This indicates a severe lack of liquidity, making it impossible to execute trades.
• Effectively Inactive/Defunct: Due to the absence of meaningful trading activity, Bitvast is not a functional exchange for current cryptocurrency trading.
• Lack of Clear Regulation: While founded in South Africa and the Netherlands, concrete, easily verifiable information regarding its regulatory status or adherence to comprehensive financial regulations is not readily available.
• Security Risk: Any funds that might have been held on an inactive exchange like Bitvast are at significant risk due to lack of active maintenance, security updates, and general operational integrity.
• No Fiat Support: Historically, Bitvast only supported crypto-to-crypto trading, meaning new users would need to acquire crypto elsewhere before being able to use the platform. This is a minor point now given its inactivity.
• Not a Current Trading Option: Given its inactive status and minimal to no liquidity, Bitvast Exchange is absolutely not recommended for any cryptocurrency trading today.

In summary, Bitvast Exchange, despite its initial offerings, is no longer a viable platform for cryptocurrency trading due to its current inactive status and lack of liquidity. Users should look to established, active, and regulated exchanges for their trading needs.