Echobit
Echobit Review 2025 – Is It a Safe Crypto Exchange?
Thinking of trading with Echobit? In this detailed review, we examine Echobit’s regulations, account types, trading fees, platforms, and more. By the end, you’ll know whether Echobit is a suitable exchange for your crypto trading needs in 2025.
| Feature | Details |
|---|---|
| Exchange Name | Echobit |
| Founded | 2019 |
| Headquarters | Singapore |
| Regulations | Registered entity, complies with AML/KYC standards |
| Minimum Deposit | No minimum for crypto deposits |
| Account Types | Standard, Pro, VIP |
| Trading Platforms | Web Platform, Mobile App (iOS & Android), API Trading |
| Instruments Offered | Crypto-to-Crypto, Crypto-to-Fiat, Futures, Staking, DeFi tokens |
| Leverage | Up to 1:10 for crypto derivatives |
Regulation & Safety
Echobit is a registered entity and follows KYC/AML standards, but it is **not a bank and not insured by tier-1 financial authorities**.
- Registered entity, complies with AML/KYC regulations
- Two-factor authentication (2FA) available
- Majority of funds stored in cold wallets
- Partial insurance for digital assets (as per exchange claims)
- Regular security audits and penetration testing
Account Types Offered
| Account Type | Features | Trading Fees | Minimum Deposit |
|---|---|---|---|
| Standard | Spot trading, basic support | 0.2% maker / 0.25% taker | No minimum for crypto |
| Pro | Advanced charts, priority support, API access | 0.15% maker / 0.2% taker | $100 equivalent |
| VIP | Lower fees, dedicated account manager, higher withdrawal limits | 0.1% maker / 0.15% taker | $1,000 equivalent |
Trading Platforms
- Web-based platform with live charts and trading tools
- Mobile App for iOS & Android
- API for automated trading
- Supports spot, margin, derivatives, and staking
Instruments You Can Trade
- 100+ cryptocurrencies including BTC, ETH, XRP, BNB
- Fiat pairs: USD, EUR, GBP
- Derivatives: perpetual contracts with leverage up to 1:10
- Staking and DeFi token investment options
Spreads, Fees & Commission
- Trading Fees: Standard: 0.2% / 0.25%; Pro: 0.15% / 0.2%; VIP: 0.1% / 0.15%
- Deposit/Withdrawal Fees: Crypto deposits mostly free; withdrawals subject to network fees
- Fiat Fees: Bank transfer or card fees may apply
- Inactivity Fee: None reported
Security & Measures
- Cold storage for majority of funds
- Two-factor authentication (2FA)
- Regular penetration testing and audits
- Encryption for all sensitive data
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Crypto Wallets | Minutes | Network fees apply |
| Bank Transfer | 1–5 business days | Bank fees may apply |
| Credit / Debit Card | Instant | Card processing fees may apply |
Customer Support
- 24/7 Live Chat
- Email support
- Telegram and social media support
- Multi-language assistance
Pros & Cons
Pros
- Supports crypto-to-crypto and crypto-to-fiat trading
- Low trading fees for VIP users
- Advanced platform with API trading
- Registered entity and AML/KYC compliance
- Cold storage and 2FA for security
Cons
- Not insured by tier-1 financial authorities
- Leverage lower than some crypto exchanges
- Limited fiat payment options
- No traditional banking protections
Is Echobit Right for You?
Echobit is ideal if you want **a secure Singapore-registered crypto exchange with spot and derivatives trading, staking options, and API support**. Suitable for both beginner and advanced crypto traders who value security and diverse trading instruments.
If you need bank-level protection or higher leverage derivatives, you may want to consider other exchanges.
If you decide to choose Echobit:
Open Live Account with Echobit
FAQs About Echobit
Is Echobit regulated?
Echobit is a registered entity and follows AML/KYC standards but is not insured by tier-1 financial authorities.
What is the minimum deposit?
No minimum for crypto deposits; fiat deposits may vary.
Does Echobit offer VIP accounts?
Yes, VIP accounts provide lower fees, higher withdrawal limits, and dedicated support.
How long do deposits/withdrawals take?
Crypto deposits are instant, card deposits are instant, and bank transfers take 1–5 days.
Disclaimers
Cryptocurrency trading is high-risk and may result in loss of funds. Make sure you fully understand the risks before trading.
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