Bit vs Xeggex: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Bit and Xeggex This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Bit

Xeggex

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Europe

Latin America

India

China

Canada

United Kingdom

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Bit is ideal if:

You want access to a professional-grade platform with advanced derivatives and options for major cryptocurrencies.
You prefer a unified margin account that simplifies collateral management across spot, futures, and options.
You value institutional-level liquidity and infrastructure backed by a reputable global crypto finance group.

Xeggex is ideal if:

Great if you're seeking simplicity: XeggeX offers an exceptionally intuitive interface that lowers the learning curve and makes navigating crypto markets approachable.
Ideal for exploring altcoins and niche tokens: The exchange lists a wide variety of low- to mid-cap cryptocurrencies and includes peer-to-peer and liquidity pool features—perfect for diversifying beyond mainstream assets.
A cautious choice due to its recent shutdown: Following a serious security breach and bankruptcy announcement earlier this year, relying on XeggeX now carries elevated risk—relying on self-custody methods is recommended.

Bit isn’t ideal if:

Xeggex isn’t ideal if:

Significant unresolved security failures undermined the platform’s reliability, ultimately leading to its collapse and bankruptcy—exposing systemic vulnerabilities.
Trust deeply eroded by withdrawal disruptions, user complaints of missing assets, and reports of blocked accounts—indicating serious operational breakdowns.
Unregulated and lacking transparency, making it ill-suited as a safe, long-term choice—especially when more stable and regulated alternatives exist.

Fees & Total Costs

Spot Maker/Take

BIT uses a tiered fee structure where maker and taker rates decrease as your 30-day trading volume increases, and some users benefit from additional discounts by using the platform’s native token to pay fees.

Spot trading fees start at around 0.2%, with tiered reductions based on trading volume and holdings of the native XPE token, which can unlock notable discounts.

Futures/Derivatives

Futures trades follow a similar tiered model with both maker and taker fees declining as your volume grows; funding rates are dynamic and reflect real-time market demand but are transparently displayed on the trading interface.

XeggeX currently does not offer futures or derivatives markets, so there are no associated maker/taker or funding fees to consider.

Average Spreads on Liquid Pairs

On highly liquid pairs like BTC/USDT and ETH/USDT, typical spreads are very tight, thanks to strong liquidity and professional market infrastructure—even though exact values aren’t publicly listed, they remain consistently narrow.

As a smaller exchange, XeggeX can exhibit wider spreads on major pairs due to limited liquidity, meaning the difference between buy and sell prices may be noticeably larger than on larger platforms.

Fiat Deposits & Withdrawals

BIT’s fiat support is limited, and where offered (e.g. via partners), deposit and withdrawal options—such as bank transfers—exist but with general processing times of hours to days and no fixed fee details publicly disclosed.

XeggeX does not support fiat transactions—there are no deposit or withdrawal methods, meaning all activity is limited to crypto-to-crypto trades.

On-chain Withdrawals

Crypto withdrawals incur network-based fees that adjust dynamically per blockchain (e.g., BTC, ETH), instead of a flat rate—this means actual costs vary in real time according to network congestion.

Withdrawal fees are generally very low and vary by network, with exceptions such as Ethereum sometimes reaching up to about $0.30 due to network congestion, while other chains may charge negligible or minimal fixed network fees.

Hidden Costs

There may be subtle costs like currency conversion when trading non-supported stablecoins, inactive account fees, or expedited KYC processing—but BIT emphasizes transparency, and these are minimal or avoidable through regular activity.

Potential hidden costs include crypto conversion spreads, optional KYC express upgrades, or inactivity charges—all of which may apply even though basic use of the platform remains focused on crypto-to-crypto trading.

Real-World Cost Example: “€500 BTC

A €500 BTC purchase would include the spot fee (based on your VIP tier), a tight spread typical for Bitcoin, and an on-chain withdrawal fee that fluctuates with network conditions—all combined to present a total cost that remains competitive and transparent.

If you were to purchase €500 worth of BTC (via a supported stablecoin like USDT), you’d incur the base trading fee (around 0.2%), a likely wider spread on a low-liquidity pair, and a modest withdrawal cost depending on the network you choose to send BTC—altogether yielding noticeably higher effective cost than more liquid, fiat-friendly platforms.

Crypto Offering & Trading Features

Number of Coins & Pairs

BIT lists over 130 cryptocurrencies and around 160+ trading pairs overall, with the top 20 by volume including BTC/USDT, ETH/USDT, SOL/USDT, PEPE/USDT, XRP/USDT and others leading daily activity.

XeggeX supports a substantial range of over 550 cryptocurrencies across around 930 market pairs, giving users exposure to both mainstream and niche digital assets in a single platform.

Product Range

The platform supports spot, perps (futures), US dollar–settled options, convert/swap, savings/earn, copy trading, block trades, and automated rebalance strategies— all unified under their single account model.

The exchange focuses on spot trading and liquidity pools, with no standard margin, perpetual futures, options, crypto ETFs, staking, loans, copy-trading, grid bots, or automatic DCA—making it a simpler, crypto-to-crypto environment.

Liquidity

BIT provides high liquidity and deep order books in major pairs like BTC/USDT and ETH/USDT, backed by institutional infrastructure, yielding tight spreads and strong execution even under heavy volume.

24 h volume and order-book depth (BTC/ETH)

Tools

Traders can use limit, market, and OCO orders, set alerts, access advanced charting, leverage TradingView integrations, and connect via robust API/WebSocket endpoints.

Users have access to basic order types such as market, limit, and trigger (stop) orders; however, advanced tools like alerts, comprehensive charting, native TradingView integrations, or robust APIs and WebSocket feeds are not currently supported.

Geographic Restrictions by Product

Certain products such as derivatives (futures and options) are restricted in several jurisdictions—including the United States and parts of Asia—depending on local law and platform policy.

While the exchange offers its core services broadly, certain features like derivatives or advanced products aren’t available in key markets, such as the United States, limiting access to some functionality based on location.

Innovation

BIT continuously launches new offerings like launchpad-style products, evolving earn features with flexible and locked staking options, and expanding USD-settled options across various assets.

XeggeX stands out with its liquidity pool offerings, enabling users to contribute funds and earn rewards, but it lacks common innovative features like launchpads, launchpools, or multiple flexible vs. locked yield-earning models.

Security, Regulation & Custody

Operating Entity & Jurisdiction

BIT is operated by a Seychelles-registered entity established around 2020, headquartered in that jurisdiction, leveraging offshore incorporation to serve a broad global clientele.

XeggeX was established in 2021 by crypto enthusiasts, with some sources indicating Germany as its base, though this remains somewhat ambiguous—its rapid niche focus and limited transparency make its legal structure and headquarters unclear.

Licenses/Registration

It’s registered under the Seychelles Financial Services Authority (FSA) as a crypto-service provider, though it does not hold equivalent licenses under EU MiCA or major markets like the U.S.

The platform operated without formal regulatory oversight—no VASP registration, MiCA compliance, or similar licensing was disclosed—positioning it squarely in the unregulated camp.

Custody

Client funds are predominantly held in multi-signature cold storage across multiple continents with institutional-grade encryption; BIT is working toward combining both proof of reserves and proof of liabilities using Merkle-tree verification to enhance transparency.

XeggeX utilized a central custodial model with a combination of hot and cold storage, but offered no public proof of reserves, independent audits, or details on the proportion held in cold storage, limiting transparency and user assurance.

Insurance & Protection Funds

The platform maintains an internal insurance fund—designed to absorb losses in extreme market conditions and support its liquidation system as a layer of fund protection.

There was no publicly available information about any insurance scheme or specific protection funds set aside to safeguard user deposits in case of loss or breach.

Incident History

BIT has maintained a clean track record with no publicly reported hacks, service suspensions, asset freezes, or regulatory penalties to date.

In February 2025, hackers compromised the CEO’s Telegram account and infiltrated the exchange’s core systems, leading to frozen withdrawals and user balances showing zero—culminating in a bankruptcy declaration by late June.

Risk Controls

Security measures include mandatory two-factor authentication (2FA), IP and withdrawal whitelists, anti-phishing safeguards, and support for sub-accounts and granular API permissioning to manage operational risk.

While the exchange promoted two-factor authentication and encryption, more advanced controls like withdrawal whitelists, anti-phishing systems, segregated sub-accounts, or fine-grained API permissions were either minimal or undocumented.

Transparency

While BIT does not publish monthly audit reports or public wallet lists, it provides insurance fund status updates and aims to establish tools for verifying reserves and liabilities, offering growing transparency to users.

XeggeX did not maintain any visible transparency mechanisms—no monthly audit reports, no publicly visible wallet addresses, and no formal service-level agreements; communication slowed notably as the bankruptcy process unfolded.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

BIT supports fiat deposits via bank transfer, credit/debit cards, and e-wallets depending on your region, with minimums and maximums and processing times clearly shown on the deposit screen once you initiate the flow.

XeggeX does not support fiat deposits; only cryptocurrency deposits via multiple blockchain networks are possible, with no stated minimum or maximum, and the process typically completes in just a few minutes.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

The KYC framework includes levels like “Basic” and “Advanced” (or equivalent), where unverified users face strict limits or no fiat access, and completing higher KYC tiers unlocks full deposit, withdrawal, and product access.

KYC isn’t mandatory for crypto-only trading, but users without KYC face a daily withdrawal cap of around $5,000—verification lifts this limit significantly, unlocking higher withdrawal thresholds for larger-volume users.

Withdrawals

Limits, Timing & Networks

Withdrawals are processed swiftly—often within minutes—and support several network types (e.g., ERC-20, BEP-20), although exact limits vary; verified users generally enjoy higher or unlimited withdrawal capacity.

Customer Support

BIT offers 24/7 live chat and email support, with a comprehensive help center filled with FAQs and guides; response times vary but generally are prompt—especially for basic queries.

Support is handled via a ticketing system with claimed 24/7 availability and typical response within 12 hours; email and platform tickets are primary channels, while response speed and resolution quality are reported to be inconsistent.

Languages & Localization

The platform is native in English (and often other major languages), shows pricing and fees in local currencies like USD/EUR, and tailors certain services according to regional regulatory compliance.

The platform’s interface is natively in English, with fee displays in USD; there are no localized versions or specific regulatory frameworks tailored to other regions.

App Quality & Stability

The BIT mobile app is regularly updated on both iOS and Android, designed for smooth performance with minimal crashes, and offers a clean interface that mirrors the web experience.

XeggeX offers both web and mobile (iOS beta and Android) access, with a smooth, intuitive interface, but the app’s stability and recent update cadence are unclear and may vary across platforms.

Experience, Performance & Ecosystem

UX/UI

The interface is clean and beginner-friendly, offering an intuitive experience without overwhelming the user—advanced options are accessible but smoothly integrated, helping you transition as you grow.

XeggeX offers a clean and modern interface that’s intuitive for newcomers, featuring toggles between basic and full-screen layouts (plus light/dark themes), giving beginners a comfortable entry point and allowing power users to access more comprehensive views with minimal friction.

Performance

BIT’s matching engine delivers ultra-low latency (under 50 ms), ensuring fast order execution; systems remain stable even during volatility spikes, with KYC processes generally unaffected by market surges.

The platform is engineered for swift order execution under normal conditions, but experienced disruptions and log-in downtime during critical market events—compounded by stretched support and restoration delays tied to operational chaos during the collapse.

Education

While BIT doesn’t have a dedicated academy or simulator, it offers in-platform guides and multilingual content (including Spanish), helping users understand features without external research.

XeggeX did not provide structured educational resources like academies, paper trading simulators, or Spanish-language tutorials, focusing instead on direct trading utility rather than user training or localized guidance.

Community

Users can connect via BIT’s official Telegram and referral programs, enabling peer interactions and rewards, though there’s currently no full-fledged forum or Discord hub.

While XeggeX initially maintained active presence across Discord and Telegram, these channels were abruptly limited or shut down amid the crisis—though remnants of community efforts, including unofficial Discord support, continue to persist. Referral incentives were present but overshadowed by the broader turmoil.

Integrations

Charts on BIT include TradingView integrations, and the platform supports external tools like copy trading strategies and some basic tax/accounting exports, though comprehensive third-party bot support is limited.

Users benefit from a native TradingView integration and access to liquidity-pool bots via the API, but there’s no formal integration with tax tools or accounting platforms—even though third-party developers have built basic automation tools via the REST API.

Who Each One Is Best For

BIT is ideal for those seeking a straightforward yet powerful trading platform—great for beginners who appreciate clarity and for intermediate users who want solid tools without a steep learning curve.

XeggeX’s streamlined interface and breadth of niche token offerings made it suitable for crypto-savvy traders interested in altcoin and meme assets—but its fragile infrastructure and lack of educational support or system stability rendered it inappropriate for risk-averse or learning-focused users.