What is the reputation of DMM Bitcoin? I analyzed good and bad reputation! The advantages and disadvantages are also explained!
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A number of crypto asset exchange rankings are published on the net, but it is ranked high among them"DMM Bitcoin".
However, before opening a DMM Bitcoin account,
- "What is DMM Bitcoin's reputation?"
- "I want to know how DMM Bitcoin is rated by the public."
Many people think that.
There are many articles about DMM Bitcoin's reputation on the internet and on Twitter,
Therefore, this time, for such a person, as a crypto asset exchange of DMM BitcoinFeatures,Good public reputation, bad reputationBased on this, I will introduce the advantages and disadvantages of DMM Bitcoin.
Features of DMM Bitcoin (bitcoin), which is well-known on domestic crypto asset exchanges
Currently, there are 19 crypto asset exchanges in Japan that have been approved by the Financial Services Agency.Reputation and characteristics of popular and well-known DMM BitcoinLet's take a look at
Basic information and overview of DMM Bitcoin
First, I summarized the basic information about DMM Bitcoin as a crypto asset exchange.
|Crypto Asset Exchange DMM Bitcoin Basic Information|
|Exchange operating company||DMM Bitcoin Inc.|
|Date of establishment||2016/11/7|
|Capital||12 million yen|
|FSA registration||Kanto Finance Bureau No. 00010
(Crypto Asset Exchanger)
|Format (Exchange / Sales)||Sales office format only|
|Leverage transaction fee||When carrying over the next day: 0.035%|
|Deposit and withdrawal fees||Free|
|Cryptographic assets handled||7 type|
|Transaction type||Cash transactions
|Minimum trading unit||0.001BTC / JPY|
|Security system||Compatible with cold wallet
Multisig not supported
|Contact & Support||Contact form
Inquiry from LINE
Features of DMM Bitcoin as a crypto asset exchange
DMM Bitcoin (Bitcoin) was originally named "Tokyo Bitcoin Exchange", but changed its name to "DMM Bitcoin Co., Ltd." in December 2017, and the current DMM Bitcoin (Bitcoin) was born. Did.
It became a big topic at that time that the famous DMM group entered the crypto asset industry,Advertises extensively using famous talent "Laura".
DMM Bitcoin is amazing.
Roller at the Shibuya scramble intersection.
You're going to see the word "Bitcoin" here. . . pic.twitter.com/im1SS62lrh
— Owl Segregated Witness (@CryptoC_x) 2018/1/13
Thorough analysis of the benefits understood from the reputation of DMM Bitcoin
Benefits from reputation① Transaction fees are overwhelmingly low
DMM Bitcoin as a sales officeCan buy and sell physical crypto assets.
There are two types of crypto assets that can be bought and sold with DMM Bitcoin: Bitcoin (BTC) and Ethereum (ETH).Free commissionSo it's a reputation that customers are increasing.
In addition, DMM Bitcoin supports quick deposit, and in addition to that the commission is free, so it is convinced that users have a good reputation.
When withdrawing Japanese yen with profit, DMM BitcoinJapanese yen withdrawal fee is freeHas become.
Benefits understood from reputation②Altocoin leveraged trading is possible
DMM Bitcoin allows leverage transactions in seven currencies such as bitcoin and altcoin.
The fact that users can leverage transactions has also gained a high reputation from users.
The following 7 crypto assets support leveraged transactions with DMM Bitcoin.
- Ripple (XRP)
- Bitcoin (BTC)
- Ethereum (ETH)
- NEM (XEM)
- Litecoin (LTC)
- Ethereum Classic (ETC)
- Bitcoin cash (BCH, BCC)
Most popular among crypto assetsAlso supports Ripple (XRP) leverage transactionsFor,High reputation.
The standard withdrawal limit is 2,000 yen, but it is possible to withdraw only if you want to withdraw the full amount.
Benefits understood from reputation ③ Operator can be relieved at a major company
The company that operates DMM BitcoinDMM.comAnd, as you know, it is an ultra-leading company that conducts Internet business in various fields such as e-book and game development, online salon and FX!
Moreover, securities operated by DMM.com"DMM.com Securities"It is,No.1 in FX accounts in JapanAnd is famous for its reputation.
The fact that a large company with a strong reputation in the FX and trading industries, such as FX, has a thorough support system and can be contacted directly at any time is a major factor in getting a good reputation.
In addition, DMM Bitcoin has been licensed by the Financial Services Agency, which has led to its reputation as one of the trusted exchanges.
(Cryptographic Asset Exchanger Registration No. Kanto Finance Bureau Director No. 00010)
Thorough analysis of demerits understood from DMM Bitcoin (Bitcoin) reputation
Disadvantages understood from reputation①Only sales office format, not exchange format
Price is slightly higher than other exchangesIt will be.So when you buy crypto assets,
However, since the transaction fee is free, it is easy to understand the price of Bitcoin and Ethereum.
For those who trade frequently,The “transaction fee (spread at the sales office)” is very important. Such people would prefer to choose an exchange instead of a store.
Sales offices are easier to operate than exchanges, so if you do not trade so often, sales offices are recommended.
|Spread||None (almost none)||large|
|Operability||It's hard to get used to||Anyone can easily understand|
|Easy to earn||◎||△|
|Speed of trading||Market order: early
Limit orders: sometimes late
Please refer to the following article for details on the differences between exchanges and sales offices.
Disadvantages from reputation ② Spread spread
Trade by multiplying the normal trading price by a predetermined ratio on the exchangeSpread (difference between bid and ask) is very important in leveraged tradingIt becomes.
DMM Bitcoin (Bitcoin)For,Transaction fees are free, but costs are substantially higher due to wide spreadsThere seems to be many bad reputations.
The spread fluctuates in real time depending on the market price of crypto assets and the price of each issue,It is slightly higher than other exchanges that can leverage tradingIt seems.
For this reason, there are many cases where people who do not understand this spread will lose money when buying and selling at the sales office.
Disadvantages understood from reputation ③ Low maximum magnification at leverage transaction
DMM Bitcoin (Bitcoin) leverage trading, the maximum magnification is 4 timesIt is set at a much lower magnification than other exchanges.
By the way, some cryptocurrency exchanges overseas can use tremendous leverage, such as 100 times that of BitMex and 200 times that of Crypt GT.
Even when compared only to domestic crypto asset exchanges,Poor reputation for those who value leverage multiples because they feel a bit unsatisfactoryIt seems.
However, there are merits such as the fact that the lower the magnification makes it harder to make a large loss, and the loss cut does not have to be accelerated.
The Financial Services Agency, which is focusing on user protection, is also working to control leverage multiples, and it is highly likely that the number of exchanges with lower leverage will increase in the future.
DMM Bitcoin is not enough for advanced users but careless for beginnersRest assured that there is no risk of failing with high leverageThere is also a reputation.
Demerits understood from reputation ④ Loss cut is fast
When performing a leverage transaction, if the deposit deposited falls below a certain line set on the exchange,"Loss cut" to forcibly end the transactionthere is.
This loss cut varies depending on each crypto asset exchange and leverage ratio, but basically "Rules for avoiding large lossesIs set as "
In DMM Bitcoin leveraged trading,Since the loss cut line is very fast, "If the deposit drops below 80%, the loss will be cut immediately", the timing of forcibly terminating the transaction even earlier than other exchanges is earlierIt is not a very good reputation.
For this reason, even if you are dealing with leverage,It seems.
However, also from the viewpoint of user protection, this is part of measures to completely eliminate the risk of not being able to cut loss and having debts, so it may be a safe point for beginners.
[Must See] How to choose a crypto asset exchange | What is the reputation of DMM Bitcoin? ?
What do you emphasize when choosing a crypto asset exchange?
Of course, how you choose depends on your investment method and initial funding, but hereSome important points about how to choose a basic crypto asset exchangeI will introduce you.
How to choose an exchange-Is the security (security) function high?
In fact, there are many such cases in the past, including cases where crypto assets have leaked from exchanges such as Mount Gox and coin check, and cases that can not be seen in the news.
There is always a risk of hacking such exchanges when doing crypto asset trading, so that's allThe security system and security of the exchange itself are very importantIt becomes.
In recent years, two-factor authentication has been introduced by most exchanges, mainlyThe point is whether there are the following security functionsIt becomes.
- Multi-sig function support
- Customer asset management with cold wallet
Multisig is a function to suppress hacking risk by generating multiple private keys when sending crypto assets, but it is anxious that DMM Bitcoin is not yet compatible with this multisig function. I will.
A cold wallet is a method of securely storing customer assets online, usually inside an exchange, in an offline environment completely disconnected from the net.
Security function is greatly improved because it is kept disconnected from the InternetBut
Therefore, crypto asset exchanges that have been focusing on security in recent years areCurrently both are adopted and the wallet is used properly on a case-by-case basisSo, DMM Bitcoin also supports cold wallets.
Some exchanges store 100% cold wallets, so those who value security may want to use them.
How to choose an exchange② Is it easy to use the provided service tools?
One of the important things in conducting crypto asset transactions isVarious service tools such as smartphone apps provided by exchanges and trading software on browsersIt will be.
In recent years, smartphones have spread rapidly,Many crypto asset exchanges are focusing on not only the trading tools on the PC but also the functionality of the smartphone application, so they have a good reputation.It looks like
In DMM Bitcoin (Bitcoin), there seems to be a smartphone application corresponding to "iOS / Android" as well as a trading tool on a personal computer.
However, app support is now mandatory at all exchanges and sales outlets, so it is not that important.
How to choose an exchange ③ Are various fees and spreads cheap?
Anyone who wants to buy crypto assets cheaply,It is good to choose a crypto asset exchange that has introduced the exchange format rather than the exchange format and has a low transaction fee (free, etc.)It will be.
In addition,People who frequently deposit and withdraw profits from trading between exchanges and designated bank accounts should pay attention to withdrawal feesIt will be.
Since DMM Bitcoin is a sales office, spreads are set wider. Know that this is not an exchange for those who want to trade frequently.
How to choose an exchange ④ Are there many types of crypto assets handled?
Looking at only domestic crypto asset exchanges, the types of stocks handled differ from each other.
Those who trade around major major stocks such as Bitcoin, Ethereum and Ripple do not have to worry too much,
for that reason,Check in advance whether the exchange handles the crypto assets you want to tradeLet's do it.
DMM Bitcoin is a leverage deal, but its major strength is that it can trade Ethereum Classic and Nem in addition to the five major currencies.
How to choose an exchange-Is the operating company and management system reliable?
Last but not least, how to select an exchange is related to security functions."Company operating the exchange" and "Exchange internal management system".
In recent years, in order to run a crypto asset exchange business (exchange) in Japan, the permission of the Financial Services Agency has become essential,Exchanges approved by the FSA have cleared the minimum management systemdoing.
Also, in accordance with the prescribed laws and regulations, firmlyWhether the assets received from customers and the funds managed by the exchange are managed separately, and whether a management system is in place to check daily for excess or deficiency.Is also an important point.
Also, in recent years, if an exchange has been hacked or otherwise damaged customer assets,Exchanges with insurance services to compensate for this increaseThese exchanges can trade with confidence.
DMM.com, the parent company of DMM Bitcoin, is not listed, but is a large company operating a very wide range of industries. There are experts who do not list the cost, but analyze that they are capable.
Originally, stock trading and FX trading were also DMMs as industries, soWe also have sufficient know-how to handle financial products of crypto assetsIt is considered.
From such a viewpoint, it may be good to use the main exchange as a major GMO coin and the DMM Bitcoin as a sub exchange (sales exchange).
DMM Bitcoin (Bitcoin) analysis of good reputation and bad reputation & advantages and disadvantages Summary
This time, the crypto asset exchange is very famous and popular in Japan.Analysis focusing on advantages and disadvantages that can be understood from the reputation of "DMM Bitcoin"And introduced.
Looking at word of mouth and reputation, there were good and bad reputations, but I think that it is a pretty good sales point personally because it is also a measure to protect users.
If you are in doubt, please register for DMM Bitcoin at this opportunity, because the sales office can perform quick transactions even if the altcoin suddenly rises or falls.
⇒"DMM Bitcoin" official website specialized for sales offices
If you are a beginner and you are still unsure of the best temporary crypto asset exchange for you even after reading the article, why not try choosing the "Cryptographic Asset Ranking" article below.
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Last Updated Date: 2020/06/08
[Women's association member who wrote this article]
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