BIT.TEAM
BIT.TEAM (
bit.team, 
bitteaminfo) is a platform for spot and peer-to-peer exchange of cryptocurrencies between users, serving as a guarantee of transaction security. The P2P exchange allows buying and selling various cryptocurrencies such as BTC, USDT, DEL, BNB, ATOM by depositing funds through credit or debit cards. Account funding is possible in the following currencies: RUB, USD, EUR, GBP, AUD. There are no limits on deposits and withdrawals.
BIT.TEAM supports many methods for depositing and withdrawing funds include: bank cards, Webmoney, Qiwi, online banking, Payeer, Yandex.Money, bank transfers, Western Union, and other methods. The project's founder, Anatoly Berdnikov, defines its main principles as intuitive and simple design, convenient and secure service.
History of BIT.TEAM
BIT.TEAM was developed in 2018 as a P2P exchange and gained trust due to its advanced arbitration system and P2P connections.
In 2019, the P2P service Binance was launched, which became a monopolist thanks to its cryptocurrency exchange, taking away a significant number of users from popular P2P exchanges such as LocalBitcoins, BTCbanker, BitZlato, BitPapa.
For this reason, the BIT.TEAM team decided to develop its own cryptocurrency exchange. The project's beta version started operating in 2021 and transitioned to a stable version in early 2022, gaining a place in the ranking of the best cryptocurrency exchanges according to CoinMarketCap.
BIT.TEAM has implemented the CCXT library for convenient use of trading bots. In 2020, an NFT marketplace was added. Currently, over 28,000 NFTs participate in the auction.
Starting from April 17, 2024, users of the exchange have the opportunity to perform all operations with the Russian ruble (RUB) without intermediate exchange stages. The payment gateway is integrated into the ruble withdrawal system. The following trading pairs are available for RUB trading:
- USDT / RUB: Russian ruble to Tether (USDT).
- DEL / RUB: Russian ruble to the native token of the Decimal blockchain (DEL).
How the BIT.TEAM P2P marketplace works
The trading functionality on the P2P.BIT.TEAM platform is simple and accessible even for non-specialists.
Anyone who wants to buy or sell cryptocurrency can freely place their offer and conditions on the website or contact another user by responding to their advertisement. Users can see the price set by the counterparty, their limit, preferred payment systems, currency, the seller's rating on the website, and their transaction history.
If the price suits you and you are ready to make a purchase, thanks to a convenient calculator for calculating the currency price to cryptocurrency, you can create an individual offer and send it to the seller.
The platform has implemented a multi-step transaction security system, including various warnings and advice, as well as arbitration. User ratings and multiple verification levels allow choosing the optimal and safest offer on the market.
Procedure for conducting a transaction on the P2P platform BIT.TEAM
- Offering a deal. The service dashboard displays current offers for the sale of cryptocurrencies. Choose the best conditions and create an order - a transaction request. Once you place a P2P order, the crypto assets will be deposited on Bit.Team P2P.
- Payment to the seller. Send the money to the seller using the recommended payment methods. Complete the transaction in fiat currency.
- Receiving the cryptocurrency. Once the seller confirms receipt of the money, the deposited cryptocurrency will be transferred to you.
Spot trading on BIT.TEAM
Following the success of the P2P marketplace, the BIT.TEAM team announced the launch of a spot cryptocurrency exchange. The exchange started operating in January 2022. Initially, cryptocurrencies such as BTC, ETH, USDT, TRX, and BNB were supported — all of which could be freely exchanged for DEL. Currently, the selection of trading pairs has significantly expanded, and additional trading pairs such as DUSD, OGZ, TON, BTT, UFO, FARMS, and HRPT have become available. In spring 2024, operations with the Russian national currency (deposit, withdrawal, buying, and selling) were implemented without intermediate exchange stages, along with new trading pairs RUB/USDT and RUB/DEL, which significantly increased the convenience and accessibility of the platform for users from Russia and CIS countries. OTC trading is also available — a service for off-exchange trading between clients to conduct transactions.
BIT.TEAM Spot Terminal is easy to use and suitable even for beginners, with the service's support team promptly resolving any questions that may arise during the trade process. The website allows for easy tracking of price dynamics and identifying the best platforms for buying/selling cryptocurrencies. The functions of funding and withdrawing funds from the exchange are conveniently implemented. The low transaction fees set by the exchange are advantageous compared to competitors. Additionally, there is a cashback system that allows for up to 70% commission return on trades. VIP clients are offered special contract terms and transaction support.
Advantages of BIT.TEAM
- Low transaction fees. Bit.Team P2P does not charge a trading fee. We guarantee the lowest P2P transaction fees across all markets.
- Multiple payment methods. P2P exchanges allow sellers to determine their preferred payment method. On Bit.Team P2P, you can buy and sell cryptocurrencies using over 700 payment methods.
- Price of your choice. Trade cryptocurrencies freely by buying and selling them at desired prices. You can respond to existing offers and create your own trade advertisements, setting your own prices.
- Privacy protection. Unlike credit cards or bank transfers, P2P exchanges do not collect information about buyers and sellers.
Special services of BIT.TEAM
In addition to the aforementioned platform for free cryptocurrency trading, the company’s service group includes two more projects.
- TOKEN.BIT.TEAM — provides the opportunity for every user to purchase tokens of the BIT.TEAM platform, which are used to pay for the service’s commission.
- MARKET.BIT.TEAM — a marketplace (P2P marketplace) where any user can create their own advertisement or online store and sell goods or services for cryptocurrencies worldwide.
- NFT.BIT.TEAM — a marketplace for exchanging, buying, and selling NFTs.
In addition, the exchange offers cryptocurrency market news services. Right on the website, you can check the current rates, find out which cryptocurrency is popular today, when Bitcoin will grow, as well as directly buy or sell BTC, exchanging it for rubles, dollars, or USDT. Market digests and reviews of the latest events are regularly published on the platform.
BIT.TEAM referral programs
Becoming a participant in the referral program is quite simple. The partner you refer should make transactions or purchase tokens for you to receive referral bonuses in the form of percentages.
BIT.TEAM offers two types of referral programs:
- Bonus for the partner’s token purchase.
- Bonus for the transactions conducted by the partner.
In the first case, the rewards are as follows:
- 1st level — 5 %
- 2nd level — 3 %
- 3rd level — 1 %
In the second case:
- 1st level — 25 % of the service commission
- 2nd level — 15 % of the service commission
- 3rd level — 10 % of the service commission
See also
Links
- BIT.TEAM cryptocurrency exchange — the official website
- Cryptocurrency exchange user guides on the BIT.TEAM portal