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BitOasis Exchange Review: Fees, Pros, Cons and Features 2023

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.
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.

eToro - Our Recommended Crypto Platform

Our Rating

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

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Contents [show]

    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.

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    Rating
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    Mobile App Rating
    10/10
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    8/10
    9/10
    9/10
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    Mobile App
    Wallet
    Number of Coins
    7460223617596515123
    Trading Fees
    SpreadsSpreads0.1%0.1%0.1%0.1%0.50%Spreads0.2%
    Deposit Fees
    N/AN/AN/AN/AN/AN/AN/AN/AN/A
    Withdrawal Fees
    $5N/A0.0005 BTCN/AN/AN/AN/AN/AN/A
    Regulated
    ASIC, CySEC, FCACySECN/AN/AN/AFCAFCACBI, MiFIDN/A
    Min. Deposit
    $50100 EURN/AN/A$10$10$2$100N/A
    Leveraged Trading
    N/AN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x1-200x
    Bitcoin
    $25068.05$24919.13$24838.46$40391.88$40393.04$40404.41$40416.27$24906.72$40377.55
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    $1725.79$1720.66$1709.98$2796.11$2795.55$2797.45$2796.59$1714.68$2795.54
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    $0.38$0.38N/A$0.23N/A$0.78$0.30$0.38$0.78
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    $1.01$1.01$1.00$1.00N/AN/A$1.00N/AN/A
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    $85.58$85.15N/A$109.04N/A$109.10$109.04$85.24$108.99
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