Buy, sell and swap transactions are being further simplified with features such as intuitive redirection guiding users to fund their BitOasis account when their AED or SAR balance is insufficient to execute a purchase. BitOasis has also partnered with Checkout. The new upgrades will make the app more scalable, allowing BitOasis to list even more tokens in the coming weeks and months.
The platform is committed to improving its customer experience and making proactive enhancements that will demystify the world of cryptocurrencies for its newest users across the MENA region. Lead Channel. The higher fee is because of the advantages, such as instant deposits and withdrawals that BitOasis features. However, traders using a debit or credit card to make deposits are charged a 3.
Trading Fees BitOasis has different fee structures for market takers and market makers when it comes to trading fees. Trading volumes less than 1,, AED per month are charged with 0. For those confused with the concepts of market maker and market taker, here is an example to get the concepts right: a trader becomes a market maker when he places a buy or sell order at a particular price limit order.
The maker provides liquidity to the order book. He does not choose any price and takes from the liquidity and hence, the taker. The BitOasis mobile app operates optimally with the same features available in the desktop version.
Purchase, sell, store coins, send and receive money, and check account balance and history from mobile phones, secured with a password. Although BitOasis is a successful cryptocurrency exchange without any valid license from a strong regulator, the exchange prioritizes client information and funds by employing strong security measures similar to other financial institutions. Some of the security measures include:- Email address confirmation for every login Two-factor authentication Advanced SSL encryption protocols to prevent unauthorized access However, every user must note that BitOasis has complete control of the private keys of user wallets.
Your online crypto wallet may be out of your control. It implies that if operators face any security breach, the investor may lose their funds. But they are not hacked by criminals as BitOasis controls the private keys to protect client funds, chances are your wallet will be safe from breaches. Think through it before deciding to invest! Customers can get in touch with the support team through the Live Chat function and expect to get an answer or response in under 30 minutes.
There is also an option of submitting a ticket available on the Support page, which requires entering a registered email ID and the type of query the customer has. The website also has a dedicated page with a rich Knowledge Centre and FAQ section that answers the most frequently asked questions.
We highly recommend getting a clearer idea of how the BitOasis platform and customer support work before investing your fund here. Sign Up Now BitOasis Review: Final Thoughts To summarize this BitOasis review, although it is an excellent UAE crypto exchange platform, we do not recommend it for active and professional investors as the exchange takes full control over the private keys. It is also somewhat an expensive exchange.
Most reviews confirm that the client may lose their funds if the platform is hacked. However, BitOasis employs some important security features such as two-factor authentication and advanced encryption protocols that protect client information and their funds.

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