BITPoint review: score, licensing and risks
64/100SCORE · CMixed record
Grade C, fair
FSA registered Japanese exchange that reimbursed customers in full after its 2019 breach and has run clean since.
The facts
- FOUNDED
- 2016
- HEADQUARTERS
- Japan
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised across the EEA.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Typical for a venue of its size. Confirm current pricing on its own site.
- ASSETS
- Varies
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Established venue in Japan
- Local JPY deposit and withdrawal rails
✗ Weaknesses
- Japan focused, so limited use elsewhere
- Less independent scrutiny than the global majors
- Smaller asset list and thinner liquidity
Incident history
2019
Around 32 million dollars was stolen in a hot wallet breach. The company reimbursed affected customers in full.
Our read
FSA registered Japanese exchange that reimbursed customers in full after its 2019 breach and has run clean since.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.