TXBit Overview
TXBit started in 2019 as a small-scale crypto exchange focused purely on spot markets. It gained a reputation early on for letting projects pay for listings, and even pay again to avoid delisting, setting it apart from more merit-driven venues. Despite minimal feature growth or transparency boosts, the platform continues to operate as a basic option for crypto-to-crypto trades.
What makes TXBit unique
- Paid token model: Projects can quickly list by paying fees, though this often invites credibility concerns.
- Minimalist spot trading: Simple market and limit orders without margin, futures or staking distractions.
- Referral program: Earn small fee rebates for bringing new traders onboard.
- Web interface only: No mobile app, no advanced trading terminals.
Highlights & trade-offs
- Highlights: Straightforward spot trading for major coins, quick listings for small projects, very simple interface.
- Trade-offs: Low volume and thin order books, no fiat support, no audits or reserve proofs, negative community sentiment from delisting paid coins.
User interface & experience
The dashboard is functional but dated. You can place standard buy or sell orders, view basic charts, and track a handful of markets. There’s no mobile app, no layered portfolio tools, and no push into algorithmic or institutional workflows.
Markets & liquidity
Daily volume rarely breaks $5 million. BTC and ETH pairs are manageable for small trades, but anything beyond that hits thin books quickly. That makes it tough for larger players or those trading niche tokens to avoid slippage.
Fees, deposits & withdrawals
Expect roughly 0.20-0.30 % per trade on maker and taker sides. Deposits and withdrawals are crypto-only, with no fiat gateways. Smaller altcoins have occasionally hit withdrawal snags, often tied to network congestion or delisting.
Safety & trust signals
No public audits, no external reserve attestations and limited communication on internal security. Support tickets handle most issues, but there’s a long history of complaints tied to delisted tokens and abandoned small balances.
Who should use TXBit?
- Best for: Hobby traders wanting a basic spot market, or token teams looking for paid listing exposure.
Not for serious volume traders, institutional desks, or anyone wanting proof-of-reserves, fiat ramps or deeper liquidity.
How to get started
- Sign up, pass basic KYC for minimal account tiers.
- Deposit crypto to start spot trading across BTC, ETH and listed alt pairs.
- Use the referral program if bringing in new users for small rebates.
- Withdraw funds as needed, mindful of altcoin delistings.
Final thoughts
TXBit is a barebones exchange that lets you handle spot crypto trades without much noise. But its history of pay-to-list policies, thin liquidity and weak transparency means it’s best viewed as a niche venue for hobbyists or new token projects. Larger traders and investors seeking robust safety nets or fair asset reviews will find better options elsewhere.