Is Bitqs the Best Crypto Exchange of 2021? Find Out in This Review

Von | 26. Mai 2023

Bitqs Review – Is it Scam? – Crypto Exchange


Cryptocurrency is a digital currency that has become increasingly popular over the years, and with its growing popularity, more and more crypto exchanges have emerged. However, not all exchanges are created equal, and it is important to research and evaluate them before investing. This article will provide a comprehensive review of Bitqs, a crypto exchange that has gained popularity in recent times. The aim is to provide you with all the necessary information to determine if Bitqs is a safe and legitimate exchange to use.

What is Bitqs?

Bitqs is a cryptocurrency exchange that allows users to trade various cryptocurrencies. The platform was launched in 2018 and has since then gained popularity among traders. Bitqs is known for its user-friendly interface and offers a wide range of trading tools to its users. The exchange is headquartered in Estonia and is registered under the name "Bitqs OÜ."

How does Bitqs work?

Sign-up process

To sign up for Bitqs, you need to register on their website by providing your name, email address, and phone number. Once you have completed the registration process, you will receive a verification link in your email. Click on the link to confirm your email address.

Verification process

To start trading on Bitqs, you need to complete the verification process. The verification process requires you to provide a valid government-issued ID and a proof of address.

Deposit and withdrawal options

Bitqs offers various deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets. The deposit and withdrawal fees vary depending on the payment method you choose.

Trading process

Once you have deposited funds into your Bitqs account, you can start trading. Bitqs offers various trading tools, including limit orders, market orders, and stop-loss orders. The platform also offers real-time charts and technical analysis tools to help traders make informed trading decisions.

Fees and charges

Bitqs charges a trading fee of 0.2% per trade. The deposit and withdrawal fees vary depending on the payment method you choose.

Is Bitqs a scam?

Explanation of scams in the crypto industry

The cryptocurrency industry is known for its lack of regulation, which has made it a breeding ground for scams. Scammers often create fake exchanges and wallets to steal users' funds.

Background check on Bitqs

Bitqs is a legitimate exchange that is registered in Estonia. The exchange has been operating since 2018 and has gained a reputation for being a reliable and trustworthy platform.

Licenses and regulations

Bitqs is licensed and regulated by the Estonian Financial Intelligence Unit (FIU). The exchange is also compliant with the EU's Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.

User reviews and feedback

Bitqs has received positive reviews from users, who have praised the platform for its user-friendly interface and reliable customer support.

Comparison with other crypto exchanges

Compared to other crypto exchanges, Bitqs offers competitive trading fees and a wide range of trading tools. The exchange also has a good reputation for being a reliable platform.

Pros and Cons of Bitqs

Advantages of using Bitqs

  • User-friendly interface
  • Competitive trading fees
  • A wide range of trading tools
  • Good reputation

Disadvantages of using Bitqs

  • Limited payment options
  • Limited cryptocurrency options

Security Measures

Security features of Bitqs

Bitqs uses advanced security measures to protect users' funds and personal information. The platform uses two-factor authentication (2FA) and SSL encryption to secure users' accounts.

User protection measures

Bitqs has an insurance policy that covers users' funds in case of a security breach. The exchange also has a dedicated team that monitors the platform for any suspicious activity.

Hacking incidents and resolutions

Bitqs has not experienced any major security breaches since its inception. However, the exchange has a contingency plan in place in case of a security breach.

Customer Support

Types of customer support

Bitqs offers customer support through email and live chat. The exchange also has a comprehensive FAQ section on its website.

Response time and quality

Bitqs has a reputation for providing timely and helpful customer support. Users have praised the exchange for its quick response times and knowledgeable support staff.

User feedback on customer support

Users have generally been satisfied with Bitqs' customer support. The exchange has received positive feedback for its helpful and responsive support staff.

Future of Bitqs

Future plans and developments

Bitqs plans to expand its services to include more cryptocurrencies and payment options. The exchange also plans to introduce new trading tools and features.

New features and services

Bitqs plans to introduce a mobile app for iOS and Android devices. The exchange also plans to integrate social trading features to allow users to follow and copy other traders.

Upcoming challenges and opportunities

Bitqs faces stiff competition from other crypto exchanges, which may limit its growth potential. However, the exchange has an opportunity to expand its services to new markets and attract more users.


Bitqs is a legitimate and reliable cryptocurrency exchange that offers a wide range of trading tools and competitive trading fees. While the exchange has some limitations, such as limited payment options and cryptocurrency options, it has a good reputation for providing excellent customer support and advanced security measures. Overall, Bitqs is a safe and trustworthy platform for trading cryptocurrencies.

Semantically Similar FAQs

  1. What is Bitqs?
  2. How does Bitqs work?
  3. Is Bitqs safe?
  4. How do I sign up for Bitqs?
  5. What cryptocurrencies does Bitqs support?
  6. What are the fees for using Bitqs?
  7. How can I withdraw my funds from Bitqs?
  8. What are the customer support options for Bitqs?
  9. Is Bitqs a regulated exchange?
  10. What is the future of Bitqs?