Ourbit Exchange Review

Ourbit is a reliable, transparent platform for buying, selling and converting cryptocurrencies. Its simple yet powerful interface makes transactions straightforward, even for newcomers. On top of that, the exchange's 24/7 support and comprehensive tutorials guide users along their investment journey. Ourbit's motto of speed, transparency and security comes through in every trade. That's why this exchange is the professionals' choice for digital trading.

Ourbit exchange review

Ourbit is one of the best crypto exchanges, and its wide range of user-friendly services has caught the attention of many traders. The exchange was designed to offer a safe, fast and simple crypto trading experience, and it gives users a range of features including spot and futures trading and its own wallet.

Ourbit supports more than 500 cryptocurrencies, including popular coins such as Bitcoin (BTC), Ethereum (ETH) and Tether (USDT), along with many kinds of altcoins. This variety lets users build a diversified investment portfolio. According to data from CoinMarketCap, Ourbit also holds a respectable position among the world's top 40 reputable exchanges. That said, thanks to its simple interface and advanced features, the exchange is an attractive option, especially for users who want to trade quickly and safely.

History of Ourbit

Ourbit was founded in 2024 and has grown quickly among crypto exchanges ever since. It was launched by a team of financial technology (fintech) specialists with the aim of building a secure, transparent and user-focused trading platform. Ourbit is headquartered in the British Virgin Islands, but it offers its services worldwide.

From the start, the idea behind Ourbit centered on delivering high-quality services and earning users' trust. The exchange began operating legally after officially registering as a money services business (MSB). The company offers services such as currency exchange, issuing and selling traveler's checks, and money transfers in many US states and territories.

Since its founding, Ourbit has strengthened its position in the competitive crypto exchange market by improving its security infrastructure and expanding its features, for example by adding futures trading and demo trading. The exchange also demonstrates its financial transparency by publishing Proof of Reserves on its website, which has earned users' trust.

Ourbit for Iranian users

One of the most important questions Iranian users have when choosing a crypto exchange is whether they can actually use it. According to Ourbit's official website, Iran is on the exchange's list of prohibited countries, so on the face of it Iranian users cannot use the platform.

To get a clear answer, however, we contacted Ourbit's Persian-speaking support team. They confirmed that Iranian users can use Ourbit, provided they follow a few precautions.

Identity verification (KYC) for Iranians on Ourbit

To use Ourbit's services, identity verification (KYC) is not required for trading, unless you want to use more advanced features such as large withdrawals.

Using a VPN

Because of the geographic restrictions listed on the website, Iranian users are advised to use a VPN or VPS with a static IP to avoid potential problems. This lets Iranians sign up on the exchange easily and access spot and futures trading and other services. Even so, we recommend checking with the exchange's support team before doing anything, so that you're aware of the latest terms and restrictions.

Is Ourbit trustworthy?

A crypto exchange's credibility is one of the most important things users look at when choosing a platform. Ourbit is officially registered as Ourbit US Fintech Limited and, under registration number 31000263865120, began operating as a money services business (MSB) on 11 September 2024.

The company is based in Denver, Colorado, and offers services such as currency exchange, issuing and selling traveler's checks, and money transfers. Its operations cover many US states, along with the country's territories and the islands under its oversight. Ourbit's headquarters are in the British Virgin Islands, one of the established jurisdictions for registering financial companies.

One of Ourbit's strengths is its financial transparency. The exchange has a Proof of Reserves section on its website that lets users check the exchange's assets and financial reserves. This shows Ourbit's commitment to transparency and to earning users' trust. Given its legal registration, 24-hour support and transparent financial reporting, it's fair to say that Ourbit's credibility stands at a respectable level.

Security on Ourbit

Security is one of users' biggest concerns in the world of crypto, and Ourbit has worked to give its users a secure environment by putting advanced security measures in place. Below, we look at the exchange's most important security features:

Two-factor authentication (2FA)

Ourbit asks its users to turn on two-factor authentication to make their accounts more secure. This means receiving a verification code by SMS or through an app such as Google Authenticator, which prevents unauthorized access to the account.

Email and SMS verification codes

When you log in or make sensitive transactions, a code is sent to your registered email address or mobile number. This ensures that only the account owner can access it.

Anti-phishing code

Ourbit lets users activate an anti-phishing code. This is a unique phrase that appears in every email the exchange sends. It lets users tell fake and phishing emails apart from genuine ones, so they can be confident their communications are secure.

Cold storage of assets

On Ourbit, most of users' digital assets are kept in cold wallets. These wallets are not connected to the internet, so they are safe from hacker attacks. This is one of the standard security practices at reputable exchanges.

Ourbit support

The quality of support is one of the key factors in choosing a crypto exchange. By offering a variety of accessible support channels, Ourbit has worked to give its users a satisfying experience.

• Live chat: The exchange offers 24/7 support through live chat on its official website, so users can reach the support team quickly.
• Tickets: Users can also raise their issues by submitting a ticket and receive accurate, timely answers.
• Telegram group: Ourbit also runs a Telegram group for support and for engaging with users, which can be an especially useful channel for Iranian users.
• Guides to every part of the exchange: For further learning and guidance, the exchange's website has comprehensive tutorial sections that explain step by step how to use its various services.

Ourbit features

With a diverse set of features, Ourbit meets the needs of both beginner and professional traders. Below, we take a full look at the exchange's most important features and explain how to use them:

Spot market

The spot market on Ourbit lets users buy and sell cryptocurrencies directly. Ourbit's spot market lets users buy and sell crypto directly at the current market price. This market suits long-term investing or simple trades. Ourbit supports more than 500 cryptocurrencies and popular meme coins.

Futures market

Ourbit's futures market is designed for professional traders and lets users trade with leverage (up to 200x). This market lets you profit from price swings, even in falling markets.

Demo trading

Ourbit offers demo trading, which is especially useful for beginners. In this mode, you can test your strategies with virtual money (with no real risk). To use demo trading on Ourbit, follow these steps:

1. Go to the Demo Trading section of the website.
2. Activate the demo account (fund it with virtual USDT).
3. Simulate spot or futures trades. This helps you get familiar with the exchange's interface and tools.

Built-in wallet

Ourbit offers its own digital wallet for storing cryptocurrencies securely. The wallet supports many coins and lets you deposit, withdraw and manage your assets. To use the exchange's built-in wallet, follow these steps:

1. Go to the Wallet section of your account.
2. Select the coin you want.
3. Copy the wallet address to make a deposit, or enter the destination address to make a withdrawal. The wallet is secured by cold storage and two-factor authentication.

Rewards Center

Ourbit's Rewards Center lets users earn prizes and bonuses by completing specific tasks (such as trading or inviting friends). To access this section, follow these steps:

1. Go to the Reward Center section of your account.
2. Review the available tasks (such as reaching a set trading volume).
3. Once you complete a task, the reward is credited to your account. This gives you an incentive to be more active on the exchange.

Copy trading

Ourbit offers copy trading, which lets users copy the trades of professional traders and profit from their strategies. In the platform's Persian interface, this feature goes by the name "Runevis" (roughly, "transcription"). Here's how copy trading works:

1. Go to Copy Trading on the website or in the app.
2. Browse the list of professional traders and analyze their performance (profit, risk and track record).
3. Choose a trader and set the amount of capital you want to allocate.
4. Click Copy so that trades are copied automatically.

Tip: If you want to act as a professional trader (provider) yourself, go to the Become a Trader section and register your details.

Staking

Ourbit offers staking for some cryptocurrencies, letting users earn passive income by locking up their assets. Here's how to stake on Ourbit:

1. Go to the Staking section of your account.
2. Review the coins available for staking (such as ETH or other altcoins).
3. Choose the amount and the lock-up period.
4. Click Stake to start the staking process. Staking is a safe way to earn passive income, but keep in mind that your assets are locked for a set period.

Initial coin offerings (ICOs)

Ourbit supports initial coin offerings (ICOs), which let users buy new projects' tokens before their public launch. Here's how to take part in an ICO on Ourbit:

1. Go to the ICO section of the website.
2. Review the available projects and read the details (such as the token price and launch date).
3. Buy the amount you want (purchases are usually made with USDT).

Tip: ICOs can be attractive investment opportunities, but they carry high risk. Always research the project beforehand.

Technical analysis tools

Ourbit offers advanced technical analysis tools, including price charts, indicators (such as the RSI indicator and the MACD indicator) and price alerts. These tools are very useful for professional traders. To use them, follow these steps:

1. In the trading section (spot or futures), click the Chart option.
2. Add the indicators you want from the tools menu.
3. Customize the chart settings (such as the timeframe). These tools help you analyze the market more precisely.

VIP accounts and fee discounts

Ourbit offers VIP accounts at three levels, with bigger fee discounts as your trading volume grows. Using referral codes can also lower your fees. To take advantage of this, follow these steps:

1. Increase your trading volume to reach a VIP level.
2. Enter a referral code in the Referral section. Active users can cut their trading costs significantly.

Ourbit bonuses

To attract and reward users, Ourbit has put together an attractive bonus and rewards system. Below, we explain how it works:

• Basic bonuses: Special bonuses for new users are offered daily, but they are limited in number and allocated on a first-come, first-served basis.
• Trading restrictions: For trading-volume tasks, stablecoin pairs (such as USDC/USDT) and zero-fee trades don't count. Trading volume generated with rewards is not counted either.
• Deposit tasks: Only assets transferred on-chain (external deposits) count toward rewards; internal transfers are not eligible.
• Reward review time: Rewards are usually reviewed and credited 24 hours after you complete a task, but if there's any risk (such as suspicious activity), the review can take up to 10 days.
• Viewing rewards: Rewards can be viewed under Assets > Rewards Center or Futures account > USDT.
• Bonus rules: Using multiple accounts to claim rewards, or abusive behavior (such as arbitrage), will lead to the accounts and assets being frozen. Ourbit reserves the right of final interpretation of these rules.

Futures bonus rules

The rules for using futures bonuses on Ourbit are as follows:

1. The bonus can only be used for futures trading. Profits made with it can be withdrawn, but the bonus itself cannot.
2. You can use the bonus as margin or to cover costs, losses and fees.
3. Withdrawing assets from your futures account before the bonus has been used up will cause the bonus to be cleared.
4. The bonus cannot be used in hedging mode.

Futures coupon rules

The rules for using futures coupons on the exchange are as follows:

1. Position coupons are used to open, manage or close positions.
2. Profits earned with a coupon are paid out in cash once the position is closed.
3. Only one coupon can be used per position.
4. If a coupon expires, the position is closed at the market price.

Ourbit fees

Ourbit's fees are one of the main reasons it attracts users, especially because its rates are competitive with other exchanges. Below, we set out the exchange's fees in full, in table form:

Trade type	Maker fee	Taker fee
Spot	0.000%	0.000%
Futures	0.020%	0.040%

Ourbit charges no fee (0%) on spot trading, which makes it one of the most cost-effective exchanges for simple trades. The maker fee (0.020%) applies to orders that add liquidity to the market, and the taker fee (0.040%) applies to orders that take liquidity from the market.

VIP accounts and fee discounts on Ourbit

Ourbit offers a VIP account program for active, high-volume traders. VIP levels are based on your trading volume over the past 30 days and come with special discounts on spot and futures fees.

Level VIP	Monthly trading volume (USDT)	Futures maker fee	Futures taker fee
VIP 1	Over 10,000	0.015%	0.035%
VIP 2	Over 50,000	0.010%	0.030%
VIP 3	Over 100,000	0.010%	0.020%
VIP Supreme	Over 200,000	0.010%	0.010%

Users' VIP levels are updated automatically, and using Ourbit's own token brings an extra fee discount.

Ourbit deposit and withdrawal fees

Ourbit's deposit and withdrawal fees are as follows:

• Deposits: Depositing crypto to Ourbit is free, but the blockchain network may charge a transaction fee, or gas fee, depending on the coin and network.
• Withdrawals: The withdrawal fee depends on the cryptocurrency. It's charged to cover the cost of the blockchain transaction. For example, a Bitcoin withdrawal may carry a fee of 0.0005 BTC.

Fee discounts

Ourbit offers discounts to users with high trading volume or who join its VIP programs. Using referral codes also lowers trading fees. To stay up to date with the latest changes, we recommend checking the fee page on the official website, as these rates may change depending on the exchange's policies or market conditions.

The Ourbit app

The Ourbit app is a powerful way to access the exchange's services from your smartphone. It's built for Android and iOS and gives users real-time access to trading, asset management and market prices.

The app's features include:

• Real-time trading: buy and sell cryptocurrencies in the spot and futures markets.
• Strong security: support for two-factor authentication (2FA) and anti-phishing codes to protect user accounts.
• Asset management: view your balance and transaction history, and make deposits and withdrawals from within the app.
• Price charts: access to advanced charts and technical analysis tools.
• Regular updates: the app is updated regularly with the latest features and security improvements.

App download links:

• Download Ourbit from Google Play
• Download Ourbit from the App Store

Ourbit tutorial

With its simple interface and wide range of features, Ourbit is designed for both beginners and professionals. Below, we explain how to use the exchange's main services.

How to sign up on Ourbit

To sign up on Ourbit, follow these steps:

1. Go to the exchange's official website or app.
2. Click Sign Up.
3. Enter your email address or mobile number.
4. Enter the verification code sent to your email or phone.
5. Set a strong password (at least 8 characters, with a mix of letters and numbers).
6. Accept the terms of use and complete your registration. For extra security, turn on two-factor authentication (2FA).

Identity verification on Ourbit

Identity verification (KYC) on Ourbit isn't required for basic trading, but it is needed for large withdrawals or access to advanced features. To complete identity verification on Ourbit, follow these steps:

1. Log in to your account and go to the KYC (identity verification) section.
2. Enter your personal details (name, date of birth and address).
3. Upload your identity documents (such as a passport or ID card).
4. Wait for the support team to approve your documents (usually 24 to 48 hours). To avoid restrictions, Iranian users should use a VPN with a static IP.

How to deposit and withdraw on Ourbit

To deposit to Ourbit, follow these steps:

1. Go to the Wallet section of your account.
2. Select the coin you want (such as BTC or USDT).
3. Copy the wallet address shown.
4. Transfer the coins to this address from another exchange or wallet.

To withdraw from Ourbit, follow these steps:

1. Go to the Withdraw section.
2. Select the coin and the amount you want.
3. Enter the destination wallet address.
4. Enter your 2FA code or the email/SMS verification code and confirm the request. The withdrawal fee depends on the coin and the network (such as ERC20 or TRC20).

How to trade on Ourbit

On this exchange, you can trade in both the spot market and the futures market. Below, we look at both spot trading and futures trading:

Spot trading on Ourbit

To make a spot trade on Ourbit, follow these steps:

1. Go to the Spot Trading section and select a trading pair (such as BTC/USDT).
2. Choose an order type:
   • Limit Order: Buy or sell at a set price (for example, buying BTC at a specific price).
   • Market Order: buy or sell instantly at the best market price.
   • Stop-Limit Order: an order that is triggered when the price reaches a set level (for example, selling a coin if its price reaches 55,000 USDT).
3. Enter the amount and price, then click Buy or Sell.
4. Check your open orders in the Open Orders section. For beginners, market orders are simpler, but limit orders give you more control over the price.

Futures trading on Ourbit

To make a futures trade on Ourbit, follow these steps:

1. Go to the Futures Trading section and select a trading pair (such as PNUT/USDT).
2. Set the leverage level (such as 10x or 50x) and the margin mode (Cross or Isolated).
3. Choose an order type:
   • Limit Order: Set a specific price for entering the trade.
   • Market Order: enter the trade instantly at the current price.
   • Trigger Order: an order that is triggered when a specific price is reached (such as a take-profit or stop-loss).
4. Open a long (buy) or short (sell) position.
5. Set your take-profit and stop-loss levels.
6. Monitor your open positions in the Positions section.

Key tips for beginners:

• Start with low leverage (3x or 5x) to reduce the risk of liquidation.
• Always set a stop-loss to avoid large losses.
• Use demo trading to practice.
• Keep the futures fees in mind (0.020% maker and 0.040% taker).

Margin modes on Ourbit

The exchange offers two margin modes, cross margin and isolated margin, which we look at below:

Cross margin

Cross margin is a mode in which the trader's entire account balance, including both the assets allocated to trades and the free assets, is used as collateral for all open trades.

For example, say your account balance is $1000 and you've opened a margin trade with $200 of it. In cross mode, if your trade goes into a loss, the trading platform treats your entire account balance ($1000) as backing to keep the trade from being closed early (liquidated). This gives the trader more flexibility, because trades stay open until the account's total balance reaches a critical level.

The main advantage of cross margin is that your entire account balance can support several trades at once, and if one trade loses money, the rest of the assets in the account act as a protective buffer. However, this approach also carries higher risk, because heavy losses on a single trade can put your entire account balance at risk.

Isolated margin

Isolated margin, by contrast, is a mode in which only the specific amount of your balance allocated to a particular trade is used as collateral. In the previous example, if you allocate the same $200 to the trade in isolated mode, only that amount is at risk, and the rest of your account ($800 remaining) is not affected by any losses on that trade.

This approach lets traders manage the risk of each trade precisely and keeps a loss on one trade from affecting the whole account. The main advantage of isolated margin is tighter risk control, with losses capped at the amount allocated. Its drawback, however, is that it's less flexible than cross margin, because the extra balance in your account can't be used as backing to keep the trade from being liquidated.

Ourbit pros and cons

To decide whether to use Ourbit, you need to know its pros and cons. In the table below, we've set out the exchange's main strengths and weaknesses:

Pros	Cons
Supports 500 trading pairs, offering plenty of variety for trading.	Restrictions for Iranian users (a VPN with a static IP is required).
Simple interface suited to beginners and professionals.	Limited information is available about the exchange's development team.
A wide range of features, such as copy trading and staking for passive income.	Withdrawal fees may be high for some coins.
24/7 support via live chat, tickets and a Telegram group.	As a newcomer, it's not yet as well known as the major exchanges.
Financial transparency through Proof of Reserves.	Limited support for some lesser-known coins.

Conclusion

With features such as spot and futures trading, demo trading, copy trading, staking and its own wallet, Ourbit is an attractive platform for both Iranian and international users. With competitive fees (0 fees on spot), strong security (such as 2FA and cold storage) and 24-hour support, it offers a user-friendly experience. Although Iranian users need a VPN because of geographic restrictions, Persian-language support and the option to trade without mandatory identity verification make the exchange a good fit for Iranians. That said, as a newcomer, it is still competing with the major exchanges. If you want to trade on an exchange with a wide range of features and a simple interface, Ourbit can be a good choice.