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BitOasis Exchange Review: Fees, Pros, Cons and Features 2020

Founded in 2015, BitOasis works not only as a crypto-to-crypto cryptocurrency exchange but also a broker. It supports the trading of Bitcoin, Ethereum, Ripple, Litecoin, Zcash, Stellar Lumens, Bitcoin Cash and Ethereum Classic.

Updated: 09 March 2022

Rating 2/5

We do not recommend this exchange. Read on to find out why we think there are better alternatives out there.

BitOasis Pros & Cons

Pros:

Debit card deposits for 8 Middle East countries
Perfect if you want to trade in AED
Mobile wallet available for iOS users

Cons:

Really high trading fees
Fiat deposits and withdrawals only available for six nations
No live chat or telephone support
USD Bitcoin price much higher than spot-rate
Not regulated
Only a select few cryptocurrencies supported

Are you based in the Middle East and looking to trade cryptocurrencies? If so, you might want to check out Bitoasis. The platform allows you to buy, sell and trade a range of cryptocurrencies using a traditional debit card. However, only a select few nations are supported.

If you’re thinking about joining Bitoasis but require further information, then be sure to read our comprehensive guide. Within it, we’ll discuss everything from fees, payment methods, accepted countries, user-friendliness, and more.

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Our Rating

ASIC, CySEC and FCA regulated - 20 Million Users Worldwide
Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
Free Demo Account, Social Trading Community
Free Secure Wallet - Unlosable Private Key
Staking Rewards for holding ETH, ADA or TRX
Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit

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68% of retail investor accounts lose money when trading CFDs with this provider.

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If you don’t quite have the time to read our Bitoasis guide from start to finish, then, in summary, we concluded by noting that we cannot endorse the platform.

The main reason for this is that Bitoasis only allows a few nations to deposit with fiat currency, only a small number of coins are supported, and they are not regulated by any noteworthy bodies. Instead, we recommend regulated platform eToro.

Best Cryptocurrency Exchange in May 2022

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68% of retail CFD accounts lose money.

As prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.

74% of retail investor accounts lose money when trading CFDs with this provider.

The price and value of any investment in digital asset products can fluctuate.

The traded price of digital tokens can fluctuate greatly within a short period of time.

Market prices for digital tokens can be volatile and highly unpredictable.

As with any asset, the values of digital currencies may fluctuate significantly.

The value of digital currencies can go up or down frequently.

71% of retail CFD accounts lose money.

Rating

5.0

4.9

4.7

4.7

4.6

4.5

4.4

4.3

4.1

Mobile App Rating

10/10

10/10

9/10

9/10

8/10

8/10

9/10

9/10

9/10

Mobile App

Wallet

Number of Coins

134

108

59

22

34

12

46

52

15

Trading Fees

Spreads

0.2%

Spreads

0.1%

0.1%

0.1%

0.1%

0.50%

Spreads

Deposit Fees

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Withdrawal Fees

$5

N/A

N/A

0.0005 BTC

N/A

N/A

N/A

N/A

N/A

Regulated

ASIC, CySEC, FCA

N/A

CySEC

N/A

N/A

N/A

FCA

FCA

CBI, MiFID

Min. Deposit

$50

N/A

100 EUR

N/A

N/A

$10

$10

$2

$100

Leveraged Trading

N/A

1-200x

N/A

1 - 100x

1 - 100x

1 - 10x

1 - 100x

N/A

1 - 30x

Bitcoin

$30374.69

$40377.55

$30493.14

$30394.43

$40391.88

$40393.04

$40404.41

$40416.27

$30477.95

Ethereum

$2107.65

$2795.54

$2082.83

$2069.90

$2796.11

$2795.55

$2797.45

$2796.59

$2075.59

XRP

$0.44

$0.78

$0.43

N/A

$0.23

N/A

$0.78

$0.30

$0.43

Tether

$1.00

N/A

N/A

$1.00

$1.00

N/A

N/A

$1.00

N/A

Litecoin

$71.45

$108.99

$70.47

N/A

$109.04

N/A

$109.10

$109.04

$70.54

Bitcoin Cash

$207.36

$294.96

$206.14

N/A

$506.41

N/A

$295.12

$295.07

$206.03

Chainlink

$7.70

$14.68

$7.72

N/A

$14.26

N/A

$14.68

$14.67

$7.82

Cardano

$0.59

$0.83

$0.59

N/A

$0.83

N/A

$0.83

$0.83

N/A

IOTA

$0.40

$0.70

$0.39

$0.39

N/A

$0.70

$1.91

$1.91

$0.39

Binance Coin

$311.47

N/A