BIT uses positive USD settlement, so BIT attributes USD fiat and USD stablecoin such as USDC as USD currency. Meanwhile, BIT supports users to conduct spot, contract, option and other trading indiscriminately on the market. Users can avoid losses caused by price fluctuations by using USD, so as to better provide BIT investors with various financial services.
How does the USD stablecoin work in BIT?
You can deposit and withdraw through the USD stablecoin supported by BIT. After the deposit, it will be credited to your USD account balance at a ratio of 1:1. When trading USD transactions on BIT, specific stablecoins are not distinguished, so each stablecoin will not have a sub-balance; when withdrawing, it will be deducted from the USD account balance at a ratio of 1:1, and no conversion fee will be charged during the process.
BIT is committed to providing diversified fiat deposit and withdrawal services for different regions and user groups, including bank card and wire transfers for individual investors, as well as real-time transfers of Signet and SEN for institutional investors. The USD fiat has the same deposit and withdrawal utility as the USD stablecoin.
BIT will continue to improve the deposit and withdrawal settlement services of fiat and stablecoin to meet the trading needs of BIT users.