Quick overview
Canbit targets smaller Asian markets with regional tokens and simple spot trading - but lags behind global leaders in visibility, tools, and liquidity.
What it offers
- Spot-only exchange focused on niche Asian tokens.
- Basic interface for trading with candlesticks and order forms.
- Limited token selection including BTC, ETH, and unknown coins.
- No derivatives, margin, or advanced trading tools available.
Volume and liquidity
Most markets on Canbit are illiquid. Medium trades face high slippage. Daily volume is modest, and liquidity pools are too shallow for professionals. The platform works better for small-scale traders.
Security and transparency
Canbit supports 2FA and cold storage but shares no public audit data. There's no license verification or proof-of-reserves. Users take on risk due to missing compliance signals and lack of external validation.
Fees and usage
Trading fees are about 0.1%–0.2%. Withdrawals incur standard network costs. No VIP levels, token fee discounts, or referral perks. Functional, but nothing competitive for active traders.
Pros and cons
- Pros: Simple spot trading, access to regional coins, standard fee model, basic 2FA protection.
- Cons: Low liquidity, no license transparency, limited support, no advanced tools.
Verdict
Canbit fits users exploring Asian tokens or niche trading alternatives. But it lacks volume, polish, and trust signals to serve as a main exchange. Proceed carefully if you try it - it works, but doesn’t impress.