In this article, I will talk about the Ourbit Exchange, which is an emerging cryptocurrency trading platform with an intuitive design and sophisticated trading tools.
Ourbit provides many services such as spot and futures trading, staking, and market analysis, which makes it attractive for beginner and professional traders who want to optimize the management and growth of their digital assets.
What Is Ourbit ?
Ourbit is a cryptocurrency market and financial ecosystem which operates spot and futures trading, staking, portfolio management and more.
The platform will meet the needs of beginners as well as advanced traders with its sophisticated, easy to use features and comprehensive insights of the market.
With the goal of making the management of digital assets less complicated without compromising safety and clarity, Ourbit aims to be a go to option for users who want to trade and invest in cryptocurrency markets more efficiently.
Key Highlights of Ourbit
| Category | Details |
|---|---|
| Launch Year | 2024 |
| Headquarters | Singapore |
| Supported Pairs | BTC/USDT, ETH/USDT, XRP/USDT, and more |
| Fees | Zero trading fees on all spot pairs; Futures: Maker 0.02%, Taker 0.04% |
| Margin Trading | Leverage up to 125x |
| Regulatory Licenses | Licenses from Estonia, United States, Canada, Australia, Lithuania, and Italy |
| Customer Support | 24/7 support through email, live chat, and social media |
| Security | SSL encryption, two-factor authentication (2FA), cold storage, and secure wallet storage |
| Trading Features | Spot trading, derivatives, staking, P2P trading, futures, grid trading, leveraged tokens |
| Referral Program | Earn up to 40% commission on referred users’ trading fees |
| Website | Ourbit Official Website |
Key Features of Ourbit
Spot and Futures Trading
Incorporates multiple cryptocurrency pairs that can be traded on the spot and provides options for advanced level futures trading which has leverage.
User-Friendly Interface
Easy to understand layout and design ideal for novice and professional traders.
Real-Time Market Insights
Includes live data, charts, and other analytics to the user to help in making wise trading choices.
Staking Services
Cryptocurrency users can directly earn support rewards from staking approved cryptocurrencies on plat.
Secure Wallets
Advanced level encryption technology, multi signature technology and cold wallet serves to secure all the assets.
Mobile and Web Compatibility
Available on a web and mobile app which is responsive allowing users to trade anywhere at any time with ease.
Portfolio Management
Provides all the necessary instruments to control and analyze investments into cryptocurrency.
24/7 Customer Support
Support team that is dedicated to the company is available every time and helps in solving user’s problems and answering their questions.
Low Trading Fees
It has a competitive fees structure that is helpful to the traders to get the most out of their hands.
Education and Resources
Provides tutorials on marketing, where to go during trading, and give offers to users to improve their trading deeds.
How to Get Started on Ourbit ?
Visit the Ourbit Official Website: Click on this link – Website to access the official website.
Register on the Platform: Input your mobile number, email, and create a password on the ‘Register’ section. If you have a referral code, you can enter it during registration too.
Confirm your Email Address: Access your email account, locate the message aimed at verifying your account and write down the code you received.
KYC verification process: Follow the requisite steps to successfully finish submitting KYC documents, which entails providing identification.
Fund your Ourbit Account: Choose appropriate funding option of your choice such as secure credit/debit card transactions, or transferring of other cryptocurrencies impeding the need of other intermediaries and fund your Ourbit account.
Do Trading: After completing the funding, you can start trading as in buying and selling bitcoins.
Ourbit Exchange Fees
Pros and Cons of Ourbit
Pros:
Wide Range of Trading: Offer standard and advanced trading features such as tools for spot and futures trading.
Intricate Layout: A Beginner-friendly and professional interface.
Extra Protections: Use of 2FA, encryption and cold storage for assets security.
Working Low Fees: Low market charges for good profit margin.
Smartphone Trading: Easy access through the mobile platform.
Cons:
Presence of Fiat only in a few Regions: In certain Regions, there may be difficulty in issuing fiat withdrawal.
Know Your Clients: Could augment user friction for those placing large emphasis on privacy.
There are some Areas not allowed to use this software: May be applicable in some nations only.
Cryptocurrency Trading has inherent Risks: Stand to lose value due to the risks characteristic in cryptocurrency market.
Fairly Recent: Has less credibility compared to more established platforms.
Is Ourbit Safe?
Ourbit takes user security seriously by implementing different features such as 2FA, SSL encryption, and cold storage of funds.
However, it is worth mentioning that Ourbit does not enjoy oversight from reputable financial authorities which adds an extra layer of risk.
Our users are encouraged to exercise due diligence and research the service before using it.
Tips for Maximizing Your Ourbit Experience
Complete KYC Verification: Make sure that your account has KYC Verification in place so you can transact across the globe and remove all the limits imposed on your account level.
Enable Two-Factor Authentication (2FA): Ensure that there’s another layer of security to your account that restricts undue access.
Keep Alert: Make sure that you are always looking at the latest news for the platform, its updates, or new features, as well as the market as it will aid you in making better trades.
Use Advanced Trading Tools: To make better trades make sure to try using advanced tools available on Ourbit’s trading platform such as margin trading, stop loss and take profit orders.
Diversify Your Portfolio: Avoid the risk of total loss in case of any one investment failure by spreading your investment amongst various cryptocurrencies, hence maximising your profit opportunities.
Participate in Promotions: Be proactive in grabbing any promotional offers, bonuses, and referral programs, it will in turn improve your trading experience.
Join the Community: Make sure to reach out to the other traders on different social networks and forums to learn, and explore the Ourbit community.
Leverage Educational Resources: Do not be hesistant to make full use of the platform’s various educational materials, tutorials and webinars to better improve your trading practices.
Set Realistic Goals: Make sure to set clear, realistic goals to your trading objectives along with strategic goals and update and evaluate the performance time to time.
Risk Management: Put measures to control risk including stop-loss orders and also the total amount that is exposed to high risk.
Supported Countries and Regions
Ourbit is accessible in over 180 countries and regions. However, there are some restrictions, and it is not available in certain areas such as:
- Mainland China
- United States
- Iran
- Iraq
- Syria
- Sudan
- North Korea
- Cuba
Here is a comparison of Ourbit and Coinbase across key features:
| Feature | Ourbit | Coinbase |
|---|---|---|
| User Interface | Intuitive and beginner-friendly | Extremely user-friendly, designed for new users |
| Trading Options | Spot and futures trading available | Focused on spot trading with limited futures |
| Fees | Low and competitive | Higher fees for transactions |
| Security Features | Advanced encryption, cold storage, 2FA | Robust security with insurance on digital assets |
| Supported Cryptocurrencies | Wide variety of altcoins | Limited but popular cryptocurrencies |
| Staking Services | Available for selected assets | Available with a focus on top assets |
| Mobile App | Fully functional mobile trading app | Highly rated and easy-to-use mobile app |
| Fiat Support | Limited fiat currency options | Supports multiple fiat currencies |
| Customer Support | 24/7 support via chat and email | Limited support, mainly via email |
| Regulatory Compliance | Compliance depends on the region | Fully regulated and compliant in many countries |
Ourbit Customer Service
Live Chat: It is accessed directly across the online platform and the mobile application for instant support.
Email Support: For complex issues which are expected to have a lot of detail, users will be able to resolve the issue by contacting support through email.
FAQs and Help Center: There is a wide range of guides and troubleshooting tips that are common for many issues.
Community Channels: Some other platforms may offer support through forums or social networks.
Final Thoughts on Ourbit
Ourbit has great promise in cryptocurrency exchanges and management of assets.
They have good features such as easy interface, powerful tools for trading as well as good security.
It supports features such as, spot and futures trading, as well as staking, and mobile users which appeal to a lot of users from new traders to the most experienced.
As of many others, it has many positives such as low fees and high variety of crypto currencies but some drawbacks such as lack of fiat support and restriction by regions should be kept in mind.
In general, it can be said that Ourbit is a good option for any person looking for a more safe and flexible platform, as long as their features suit what the person looks for in a crypto exchange.
