bitcastle is a global cryptocurrency exchange established in 2019.
Although it’s a relatively new cryptocurrency exchange, the number of users is increasing daily, and now over a million people are using bitcastle.
Speaking of bitcastle, they even had a booth at the recent IVS event.
And in fact, I, the author, participated in this IVS event and had the opportunity to speak with the team from bitcastle!
Thank you for giving me this interview opportunity today! I’m Satoshi Nakamoto, a representative of BITNAVI. Nice to meet you.
Nice to meet you. I’m Sekine from bitcastle. Thank you for this opportunity.
If you want to know more about bitcastle, please refer to this article.
Basic information about bitcastle
Item | Information |
---|---|
Operating Company | bitcastle LLC |
Establishment | 2019 |
Representative | Yoshimitsu Sekine |
Number of tradable currencies | Over 100 types |
Types of trading | Cryptocurrency (spot & futures), FX, Binary Options |
Features | Japanese operation, 0% fee on spot trading |
Security | Cold wallet management adopted |
App | iOS, Android supported |
Official website | https://bitcastle.io/ |
The motivation behind launching bitcastle
Could you tell me about the motivation behind launching bitcastle and the main vision of the project?
Originally, as a cryptocurrency investor using various exchanges, I had concerns about security and dissatisfaction with not being able to trade the tokens I wanted. So we thought, “Why don’t we create our own?” and launched bitcastle.
I see, so dissatisfaction from a user’s perspective became the driving force. Is there any meaning behind the name bitcastle?
Yes, bitcastle is imagined as a castle, with the meaning of an iron-clad fortress that can withstand attacks from any hacker.
I can feel your strong commitment to security.
Strengths and differentiating points of bitcastle
So, what are the strengths and differentiating points of bitcastle compared to other cryptocurrency exchanges?
First, a major feature is that we’ve made the spot trading fees for all major cryptocurrencies 0%. Also, our security system that has never been hacked is another point we can be proud of.
A 0% fee is revolutionary. Are there any other features?
Yes, the ability to trade niche tokens that can only be traded on bitcastle is also a feature. Furthermore, being able to trade with MT5 and having binary options functionality are features that other companies don’t have.
I see there are diverse trading options. Especially having 0% trading fees for all major currency pairs seems revolutionary. Can you tell me about the thinking behind this policy?
We want more and more people to know about the appeal of cryptocurrencies and blockchain. Many exchanges set a 0.1% trading fee, but for example, if you make a total of 100 million yen in trades, you’ll incur 100,000 yen in fees. We don’t think this is necessarily cheap.
Indeed, for large trades, it can amount to quite a sum.
That’s right. That’s why we decided to set it at 0%, wanting to increase the number of investors who can trade as much as they like without worrying about fees.
I can feel your user-first attitude.
About the introduction of binary options trading
Now, could you tell me about the features and user benefits of introducing ultra-high-speed binary options trading?
In our binary options trading, you can trade not only cryptocurrency pairs but also forex pairs like USD/JPY. It’s rare for a cryptocurrency exchange to offer such forex trading pairs.
Is that so? Indeed, that’s a unique approach. What other features are there?
Also, we offer very short trading periods like 1 minute and have set high user return rates, making it possible to increase assets significantly in a short period.
That’s an attractive feature for short-term traders.
The reason why bitcastle is focusing on the Japanese market
By the way, regarding the comprehensive Japanese language support, could you tell me specifically why you’re focusing on the Japanese market?
Since I’m Japanese, I want to provide solid support at least for Japanese. Japanese is a difficult language, so even major cryptocurrency exchanges sometimes have strange Japanese. Also, there are cases where the support center can only respond in English.
Indeed, there are many exchanges with insufficient Japanese support.
That’s right. We want to alleviate such stress as much as possible, so we place importance on Japanese support and the Japanese market.
That’s reassuring for Japanese users.
About bitcastle’s security measures
So, what security measures does bitcastle take to protect users’ assets?
We have countless security measures including Proof of Reserve by third-party organizations, management of customer funds through cold wallets, introduction of MPC systems to prevent internal hacking, and so on. Thanks to these, we’ve had zero attacks by hackers from our launch until now.
You’re implementing thorough security measures. That’s reassuring for users.
About regularly held campaigns
Now, regarding the campaigns you regularly hold, could you tell me about the purpose of user rewards and future developments?
We’re truly grateful to the users who are using bitcastle, which is still an emerging exchange among the many exchanges in the world. We want to continue launching new campaigns to ensure that users who always trade with us are satisfied, and we want to make it a platform where users can enjoy using it.
I can feel your gratitude towards the users. Can you also tell me about future developments?
Yes, we’re particularly planning to actively launch collaboration campaigns with other companies.
That’s very exciting for the future.
Efforts to improve convenience
It seems you’re focusing on support systems and demo functions so that even beginner users can trade with peace of mind. Are there any further efforts to improve convenience?
To make it even easier for beginners to trade with peace of mind, we plan to create many easy-to-understand setup videos and enhance our demo functions. We also plan to double the number of listed tokens and increase the number of core token fans.
I can feel the consideration for beginners. Are there any other plans?
Yes, we’re focusing on AI development and plan to strengthen AI functions within this year.
The use of AI is interesting.
About BCAST
Regarding BCAST, could you explain the mechanism of payout rate selection and user benefits?
By using BCAST, the payout multiplier becomes higher. Users can get more returns from a single investment or with less stake. There are users who continue to earn by skillfully using BCAST.
That’s an attractive feature for users.
Future prospects of bitcastle
Could you tell me about the future prospects of bitcastle, such as adding new features and plans to further improve user satisfaction?
As I mentioned earlier, we’re focusing on developing AI automated trading. Eventually, bitcastle will transform from a cryptocurrency exchange to an AI platform. We’re considering a future where most users can earn passive income by entrusting their operations to AI.
The future shape of an exchange utilizing AI is becoming visible.
Closing Message
Lastly, could you please give a message to those considering using bitcastle?
Thank you for always using bitcastle. We want to continue making it a cheap, safe, and interesting exchange, so we look forward to your opinions and feedback.
I can feel your attitude of valuing users’ voices. Thank you for your valuable insights today.
If you want to trade on bitcastle, please open an account from the “bitcastle official website“.
bitcastle and BITNAVI
Our site (BITNAVI) has decided to hold a tie-up campaign with bitcastle.
Special LinkIf you register and make a deposit through this link, you can receive a bonus of up to 7,800USDT.
However, the tie-up campaign between BITNAVI and bitcastle is for a limited time.
If you’re struggling to choose a cryptocurrency exchange, start trading advantageously using the bitcastle bonus!
\Get a bonus of up to 7,800USDT!/
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