bter Review -
- Company: Jinan Manwei Information Technology Co., Ltd.
- Server Location: US
- Mobile version: Paid App Only
- Current BTC price: -
- Currencies: CNY, USD
- Fee: From 0.18%
- Time: 1.5 day
- API: Yes
- Support: Live chat, Phone call, Email, Facebook
Bter is China-based Bitcoin exchange. The service is maintained and operated by the Jinan Manwei Information Technology Co., Ltd., who have successfully maintained a number of websites over the past few years. Bter.com has SSL certificate installed and is also running web application firewall. Withdrawals are confirmed manually, which is a nice safety feature as well. The website also uses Google’s TOTP two-factor authentication system.
Bter.com is available in Chinese and English. However, some pages in English have not been translated yet. Surprisingly one of them is company profile page. Although not translated, the page contains all necessary information about people behind Bter, such as company name, address and phone number. This is extremely useful information that often is not mentioned on other exchanges, therefore it is a bit of shame that this information is only available in Chinese.
Bter is also one few crypto currency exchanges that also has CNY available as one of accepted Fiat currencies. Sadly, the only other available Fiat currency is USD – deposits in EUR are yet to be implemented.
Bter has a wide variety of cryptocurrencies available for exchange. The supply is not the higher in the market, but it is definitely more than enough. Bter are also open to new altcoins. They were the first big exchange to offer Protoshares, while their rivals followed weeks later.
User interface at Bter is rather easy to use. The main page is a bit overcrowded with data, but after a while it becomes more useful rather than unnecessary. The design overall is not that modern and can be called classic. Everything is in the right place, however sometimes it feels that there is to much information that is not required while more important data is hidden further than we would have wanted. Overall, user experience is pretty average, especially compared with more modern exchanges such as igot.com, justcoin.com or bitstamp.net. Another place where Bter is lagging behind is that it does not offer website version for mobile devices. An application for iOS is available though, however costs 0.99 USD.
The fees depend on what currency is used to make transactions. Chinese Yuan (CNY) gets the lowest fees, in a range of 0% to 0.18%, with the exception of BitQuark with 0.45%. Transactions involving Bitcoin are priced between at 0.18%. Identical situation applies to Litecoin, however most of trade pairs does not carry any fees at all.
Deposits and withdrawals are carried out quickly at Bter.com. Some users experienced delays in the past, but most of them were during the peak months when almost all exchanges faced increased inquiry numbers. Strangely enough there is no information about processing times on Bter website.
* Low buy/sell fees at the average of 0.18%;
* Support via email, QQ Messenger and phone call.
We weren’t so sure about:
* Average user interface;
* Just two Fiat currencies accepted.
* Not a member of any cryptocurrency regulation organizations.