The crypto market is almost always in the news and continues to attract more people from around the world. The changing global scenario has made cryptocurrency a feasible alternative in uncertain times. The increase in crypto traders has led to more exchanges entering the market.
BTCBIT is a fully regulated crypto exchange that promises simple and easy trading with low commission charges. Let’s review the exchange to know how it works and understand the important features that have made BTCBIT a reliable crypto exchange for many traders.
About BTCBIT
BTCBIT is a Poland-based crypto exchange that offers secure, reliable, and fast services. The exchange is fully regulated and adheres to the EU laws. It allows exchanges for a range of cryptocurrencies such as Bitcoin, Ethereum, Ripple, Dash, Litecoin, Cardano, Lumen/ Stellar, and many others.
Users can buy and trade cryptocurrency using their bank cards (VISA, etc.) in just a couple of steps. Not just that. BTCBIT allows for several types of payments methods. Users can complete a transaction through cryptocurrencies, wire transfers, payment cards, SEPA transfers, PAYEER, Epay, Advanced Cash, and so on. The exchange currently has a 4.5-star rating on Trustpilot by 377 users.
How BTCBIT actually Works?
BTCBIT avoided complications when designing the exchange. It has a three-step process, which is fast and convenient.
- Step 1: Create a user account by registering on the exchange.
- Step 2: Complete account verification (submit proofs depending on which limit you choose).
- Step 3: Select your favorite crypto and start trading. Users can track their trading through the Transaction History feature.
The website shares real-time information about changing crypto prices in the market. The company guarantees that the user doesn’t have to spend more than fifteen minutes on the exchange.
While BTCBIT is indeed fast, it does take extra time when there’s more load on the exchange. Moreover, the transactions that take place during non-working hours will be processed only during working hours. The customer service team assured that the company is working on automating the exchange to clear transactions even faster.
Why Choose BTCBIT?
1.) Easy Web Interface
BTCBIT has a simple and attractive interface that is convenient to use. Even those who never traded on a crypto exchange can easily complete a transaction on BTCBIT. The layout and color scheme are pleasing to the eyes. Mobile Friendly
The website has a responsive design that makes it user-friendly on any device. Users can access BTCBIT through computers, laptops, smartphones, or tablets and experience the same ease of completing a transaction.
2.) Data Security
The biggest worry of using a crypto exchange is the risk of being attacked by cybercriminals. BTCBIT uses the highest security levels and encrypts user data to prevent data leakage. Users can turn on two-factor authentication to secure their accounts and restrict access.
3.) DDoS Protection
The exchange has DDoS (Denial of Service) security protection which filters non-legitimate website traffic and ensures that the legitimate traffic load is balanced and doesn’t cause delays.
4.) Multiple Commission Fees
BTCBIT offers a low commission fee on the transactions. However, users have to determine which transaction method is cost-effective for their requirements. It is recommended to spend some time reading the FAQs and T&C before trading.
5.) Referral Program
Users can join the referral program to earn up to 25% on the transaction made through their referral link. It’s a fun way to make good money by introducing crypto lovers and enthusiasts to the exchange.
6.) Customer Support
BTCBIT offers excellent customer support. The team responds in quick time and helps users deal with the glitches or issues that confuse them. The website has 24*7 live chat for customer support.
7.) Protection
All transactions are 100% secured with Bitcoin, Ethereum, Litecoin and all the other electronic currencies plus BTCBIT gives you 100% guarantee to protect your digital privacy.
8.) Fast Exchange
To save your time BTCBIT offers fast exchange services that will help you to carry out the necessary transactions with any of the cryptocurrencies.
BTCBIT is 100% Mobile Friendly
Buy, sell and hold crypto using mobile or tablet anywhere, anytime.
BTCBIT Pricing
BTCBIT has three price plans for crypto lovers.
- Basic Limits: Trade up to $60, requires only registration and no ID proof
- Standard Limits: Trade up to $500, requires ID document for user account verification
- Pro Limits: Unlimited trading, requires ID document, selfie, and residential address as proof
The basic plan is suitable for newbies and novice crypto traders. Regular traders can start with the basic plan to assess the exchange and determine if they want to verify their IDs to continue using the platform.
Pros & Cons of using BTCBIT
Pros
- Minimalistic and convenient interface
- Fast and reliable services
- Low commission charges
- Good customer service
- Multiple commission rates
Cons
- Transactions during weekends take longer
What user say about BTCBIT?
Final Conclusion
BTCBIT is a reliable and quick crypto exchange that accepts dollars and euros as fiat currency. The company usually completes account verification in around fifteen minutes, though it might take up to twelve hours for some accounts.
Our team has used the exchange to trade Ethereum and Bitcoin and is happy with the experience. The entire process was seamless and stress-free.
