Dear BIT user:

BIT is pleased to announce that the platform has officially joined the Cobo Loop Alliance. The goal of the Cobo Loop Alliance is to solve the pain points of transaction congestion, delays, and excessive fees in the blockchain network through a methodology similar to the traditional financial institutions' clearing and settlement.

Currently, recharging from the members’ platform through the address of Cobo Loop alliance to the BIT platform, fast payment has been achieved with zero handling fees. We currently support BTC transactions. The Bit.com platform will continue to be optimized to enhance the users’ experience in deposit and withdrawal.

How to top up via Cobo Loop Alliance?

1) Enter the asset page on BIT app

2) Click on "Deposit"

3) Click on "BTC"

4) Select the network as BTC

5) Click on "Switch to LOOP" Transfer/Deposite BTC to this address through products from the Cobo Loop Alliance members, and the transaction will be completed within a short period, with 0 handling fees.

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