Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 320 Exchanges: 307 Offers:
BTC/USD:

bitbits review & testimonials (updated 11.2019)

bitbits user interface: the home page in English

What is bitbits in a nutshell? It's recently added to our monitoring, promising exchange service (broker) supporting 1 cryptocurrency: you can buy and sell coins using 1 fiat currency (5 banks & payment systems are supported). Exchange service started the business Nov 2018, it serves the clients for a few months.

The exchange charges very high fees: 17% — 31% (according to our statistics, 92% exchanges offer lower average fee) and has rather a low buying limits: $14 — $625 (in accordance with the statistics we've collected, 81% exchanges have higher order limits). This Broker welcomes customers from 255 countries (including your country: United States!). It serves the US and allows registrations from all the 56 states and territories. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of bitbits, although according to information we got, the order processing is not fully automated so delays with the funds delivery may happen. Depending on the order details, you may need to verify your account (just ID Verification should be required) to exchange money on this Broker.

Since 2018, bitbits is working hard to get great testimonials from the users. Although, since this Broker was recently added to our price comparison platform, we have no user reviews yet. Maybe you can help? If you have any experience dealing with bitbits, can you please leave your testimonial? It will surely be a great help for us and all the community, thanks!

Based on all these facts, our verdict is the following: bitbits is a promising, although not yet reviewed much by our visitors place to buy and sell Bitcoins, an interesting exchange that we believe will get some nice feedback soon!

Overview: is bitbits safe?

bitbits is the Broker; exchange started the business November 2018. Unfortunately, there is not much information available about the company doing business as bitbits, etc.

Answering the question how safe is bitbits:

We are sorry, our platform has't yet collected enough data, but you can help! We know fairly much about this Broker (please continue reading), but our policies require to collect more testimonials from the users of bitbits to draw a conclusion. Do you have any experience dealing with this service? Please add your feedback, this will be a great help! Or maybe you know someone who does? Kindly ask him/her to tell us about it here! We really appreciate your participation.
Time in the business: 11 months
Business model: no information available

Overall rating for bitbits: N/A

Pros & Cons of bitbits

Although bitbits is not yet rated by our visitors, there probably are many downsides that people don't like, but there also should be strong sides. Who knows, maybe for you, our dear visitor, these are most important and you'd consider this exchange as one of the best ones. Let's check it out:

  • Seems that the exchange operates without any business licenses, etc.
  • Relatively low limits for buying orders.
  • The fees are rather high.

Unfortunately there are more cons that pros. But this doesn't mean the bitbits is a bad Broker! You should check the list and decide, which of these pros are cons are most important for you. Try bitbits today and let us know how you like it!

Services, bitbits Provides

The platform provides the following cryptocurrency exchange-related services:

  • Allows the customers to buy cryptocurrencies with fiat currencies
  • Provides the clients with ways to "cash out" the crypto to fiat currency

As we can see, bitbits doesn't provide any services besides the cryptocurrency exchange, althought it's definitely not a bad thing; after all, we came here for the crypto exchange, right?

Currencies & Payment Systems

Bitbits provides the service of buying and selling 1 digital currencies using fiat currencies. The following cryptocurrencies are available to buy/sell: Bitcoin (BTC).

If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Cryptocurrencies initial coin offerings to buy in 2019.

1 fiat currencies are supported to provide crypto purchase and selling: Russian Ruble (RUB). The Broker will let you buy and sell Bitcoins using the following payment systems:

  • Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 98 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
  • Sberbank. A local bank (you may use from Russia) in various currencies. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.
  • Tinkoff Bank. A local bank (serving Russia) in Russian Ruble currency. Just the RUB payments are available for selling cryptocurrency to fiat solely; at the time you can't buy crypto using this payment method here.
  • Qiwi. An international payment system (it's available in 9 countries) allowing e-wallet payments in various currencies. Just the RUB payments are available for purchasing cryptos at the exchange.
  • VTB24. A local bank (serving Russia) in Russian Ruble currency. Just the RUB payments are available for purchasing cryptos at the exchange.

bitbits fees

The fees you need to pay at this broker during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):

  1. Service/processing fee. Depending on the fiat payment system and currency, it's as follows:
    • 17% when you pay money using Qiwi in Russian Ruble.
    • 0% when you are receiving funds to Sberbank in Russian Ruble.
    • 20% when you pay money using Sberbank in Russian Ruble.
    • 19% when you are receiving funds to Tinkoff Bank in Russian Ruble.
    • 31% when you pay money using VTB24 in Russian Ruble.
    • 5% when you are receiving funds to Visa & Mastercard in Russian Ruble.
    • 19% when you pay money using Visa & Mastercard in Russian Ruble.
  2. Miners fee. Please note that this fee applies only when you buy bitcoin or other cryptocurrency!
    • 0 BTC: great news! at the moment there is no such a fee!

Are bitbits fees high or low?

Now it's time to draw a conclusion: Bitbits charges a very high fees. According to our statistics, fairly big percent of the exchanges charge some less (although please be aware that it mostly depends on the exchange direction!) than bitbits does. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in RUB across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 13%, bitbits charges 19% for this. Seems fair!

Buying and selling limits

This Broker has the following limits, applicable when you buy or sell cryptocurrencies:

  1. Purchase limits (when you buy crypto).
    • ₽2,500 minimal buy and ₽39,550 max purchase when using Qiwi in Russian Ruble.
    • ₽2,500 minimal buy and ₽40,000 max purchase when using Sberbank in Russian Ruble.
    • ₽1,200 minimal buy and ₽40,000 max purchase when using VTB24 in Russian Ruble.
    • ₽2,000 minimal buy and ₽40,000 max purchase when using Visa & Mastercard in Russian Ruble.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • ₽1,111 min and ₽20,000 maximal withdrawal when receiving money to Sberbank in Russian Ruble.
    • ₽888 min and ₽20,000 maximal withdrawal when receiving money to Tinkoff Bank in Russian Ruble.
    • ₽1,048 min and ₽20,000 maximal withdrawal when receiving money to Visa & Mastercard in Russian Ruble.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) bitbits supports! Comparing to other exchanges, Bitbits has rather low buying and selling limits, plenty exchanges allow bigger amounts.

Supported countries

Platform allows the users from 255 countries to use the exchange. The following countries are supported by the broker:

  • Afghanistan (AF)
  • Aland Islands (AX)
  • Albania (AL)
  • Algeria (DZ)
  • American Samoa (AS)
  • Andorra (AD)
  • Angola (AO)
  • Anguilla (AI)
  • Antarctica (AQ)
  • Antigua & Barbuda (AG)
  • Argentina (AR)
  • Armenia (AM)
  • Aruba (AW)
  • Ascension Island (AC)
  • Australia (AU)
  • Austria (AT)
  • Azerbaijan (AZ)
  • Bahamas (BS)
  • Bahrain (BH)
  • Bangladesh (BD)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Bolivia (BO)
  • Bosnia & Herzegovina (BA)
  • Botswana (BW)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Burundi (BI)
  • Cambodia (KH)
  • Cameroon (CM)
  • Canada (CA)
  • Canary Islands (IC)
  • Cape Verde (CV)
  • Caribbean Netherlands (BQ)
  • Cayman Islands (KY)
  • Central African Republic (CF)
  • Ceuta & Melilla (EA)
  • Chad (TD)
  • Chile (CL)
  • China (CN)
  • Christmas Island (CX)
  • Cocos (Keeling) Islands (CC)
  • Colombia (CO)
  • Comoros (KM)
  • Congo - Brazzaville (CG)
  • Congo - Kinshasa (CD)
  • Cook Islands (CK)
  • Costa Rica (CR)
  • Croatia (HR)
  • Cuba (CU)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Côte d’Ivoire (CI)
  • Denmark (DK)
  • Diego Garcia (DG)
  • Djibouti (DJ)
  • Dominica (DM)
  • Dominican Republic (DO)
  • Ecuador (EC)
  • Egypt (EG)
  • El Salvador (SV)
  • Equatorial Guinea (GQ)
  • Eritrea (ER)
  • Estonia (EE)
  • Ethiopia (ET)
  • Falkland Islands (FK)
  • Faroe Islands (FO)
  • Fiji (FJ)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • French Polynesia (PF)
  • French Southern Territories (TF)
  • Gabon (GA)
  • Gambia (GM)
  • Georgia (GE)
  • Germany (DE)
  • Ghana (GH)
  • Gibraltar (GI)
  • Greece (GR)
  • Greenland (GL)
  • Grenada (GD)
  • Guadeloupe (GP)
  • Guam (GU)
  • Guatemala (GT)
  • Guernsey (GG)
  • Guinea (GN)
  • Guinea-Bissau (GW)
  • Guyana (GY)
  • Haiti (HT)
  • Heard Island and McDonald Islands (HM)
  • Honduras (HN)
  • Hong Kong SAR China (HK)
  • Hungary (HU)
  • Iceland (IS)
  • India (IN)
  • Indonesia (ID)
  • Iran (IR)
  • Iraq (IQ)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Japan (JP)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kuwait (KW)
  • Kyrgyzstan (KG)
  • Laos (LA)
  • Latvia (LV)
  • Lebanon (LB)
  • Lesotho (LS)
  • Liberia (LR)
  • Libya (LY)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Macau SAR China (MO)
  • Macedonia (MK)
  • Madagascar (MG)
  • Malawi (MW)
  • Malaysia (MY)
  • Maldives (MV)
  • Mali (ML)
  • Malta (MT)
  • Marshall Islands (MH)
  • Martinique (MQ)
  • Mauritania (MR)
  • Mauritius (MU)
  • Mayotte (YT)
  • Mexico (MX)
  • Micronesia (FM)
  • Moldova (MD)
  • Monaco (MC)
  • Mongolia (MN)
  • Montenegro (ME)
  • Montserrat (MS)
  • Morocco (MA)
  • Mozambique (MZ)
  • Myanmar (Burma) (MM)
  • Namibia (NA)
  • Nauru (NR)
  • Nepal (NP)
  • Netherlands (NL)
  • New Caledonia (NC)
  • New Zealand (NZ)
  • Nicaragua (NI)
  • Niger (NE)
  • Nigeria (NG)
  • Niue (NU)
  • Norfolk Island (NF)
  • North Korea (KP)
  • Northern Mariana Islands (MP)
  • Norway (NO)
  • Oman (OM)
  • Pakistan (PK)
  • Palau (PW)
  • Palestinian Territories (PS)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Réunion (RE)
  • Samoa (WS)
  • San Marino (SM)
  • Saudi Arabia (SA)
  • Senegal (SN)
  • Serbia (RS)
  • Seychelles (SC)
  • Sierra Leone (SL)
  • Singapore (SG)
  • Sint Maarten (SX)
  • Slovakia (SK)
  • Slovenia (SI)
  • Solomon Islands (SB)
  • Somalia (SO)
  • South Africa (ZA)
  • South Georgia & South Sandwich Islands (GS)
  • South Korea (KR)
  • South Sudan (SS)
  • Spain (ES)
  • Sri Lanka (LK)
  • St. Barthélemy (BL)
  • St. Helena (SH)
  • St. Kitts & Nevis (KN)
  • St. Lucia (LC)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • St. Vincent & Grenadines (VC)
  • Sudan (SD)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • Syria (SY)
  • São Tomé & Príncipe (ST)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Tunisia (TN)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Uganda (UG)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • United States (US)
  • Uruguay (UY)
  • Uzbekistan (UZ)
  • Vanuatu (VU)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Yemen (YE)
  • Zambia (ZM)
  • Zimbabwe (ZW)

Does bitbits allow the users from United States (US)?

USA flag

Yes, bitbits allows the registrations from the United States! Broker permits the users from 56 states and territories to register at and use the services exchange provides:

  • Alabama (AL)
  • Alaska (AK)
  • American Samoa (AS)
  • Arizona (AZ)
  • Arkansas (AR)
  • California (CA)
  • Colorado (CO)
  • Connecticut (CT)
  • Delaware (DE)
  • District of Columbia (DC)
  • Florida (FL)
  • Georgia (GA)
  • Guam (GU)
  • Hawaii (HI)
  • Idaho (ID)
  • Illinois (IL)
  • Indiana (IN)
  • Iowa (IA)
  • Kansas (KS)
  • Kentucky (KY)
  • Louisiana (LA)
  • Maine (ME)
  • Maryland (MD)
  • Massachusetts (MA)
  • Michigan (MI)
  • Minnesota (MN)
  • Mississippi (MS)
  • Missouri (MO)
  • Montana (MT)
  • Nebraska (NE)
  • Nevada (NV)
  • New Hampshire (NH)
  • New Jersey (NJ)
  • New Mexico (NM)
  • New York (NY)
  • North Carolina (NC)
  • North Dakota (ND)
  • Northern Mariana Islands (MP)
  • Ohio (OH)
  • Oklahoma (OK)
  • Oregon (OR)
  • Pennsylvania (PA)
  • Puerto Rico (PR)
  • Rhode Island (RI)
  • South Carolina (SC)
  • South Dakota (SD)
  • Tennessee (TN)
  • Texas (TX)
  • U.S. Virgin Islands (VI)
  • Utah (UT)
  • Vermont (VT)
  • Virginia (VA)
  • Washington (WA)
  • West Virginia (WV)
  • Wisconsin (WI)
  • Wyoming (WY)

Although the broker doesn't currently provide possibility to pay in the U.S. Dollars, we hope it may change in the future.

Customer service

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the Bitbits? Can you please add your testimonial? This will help everyone a lot, thanks!

Verification at bitbits

The broker may require the customers to pass through the user identification (account verification) process. The following procedures are normally required to verify your acc:

  • ID verification

According to the customers surveys results, the average time to verify an account at bitbits is the following:

Sorry, we haven't yet collected enough data. Do you know, how fast bitbits does account verification? Kindly let us know, too. Thank you very much!

Deposit/withdrawal speed

According to the data we have, bitbits processes all or most of the orders without an automation; orders require staff attention to be completed. The speed of money transfer varies a lot on such services, so it's good to know the situation here at this exchange.

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the Bitbits? Can you please add your testimonial? This will help everyone a lot, thanks!

Is bitbits instant?

So, what can we see? In accordance with the data we know about the broker, orders at bitbits are not instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.

Customers' testimonials

There are currently no users testimonials about the bitbits. Do you have any experience using this broker? If you do, please say a couple of words about it!

FAQ about bitbits

Does bitbits holds my funds?

It does not! One of the best things dealing with the brokers is that unlike most of other exchanges, such businesses instantly deliver your funds to your own wallet after the payment clearance.

Is bitbits a good broker?

Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is bitbits licensed? Does it hold e-money license?

It is not, and it's hard to even find information about any business registration, etc. Although the cryptocurrency regulation in Russia, CIS and most of the ex-USSR countries has not yet being set, so so almost all such exchanges there are operating like this.

Is bitbits a ripoff?

It is not a ripoff, although we have not rated bitbits yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is bitbits legit or scam.

bitbits vs other exchanges

Let's compare bitbits to other similar exchange services with similar features: others of broker type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

bitbits vs Bitonic

Let's compare the key features of these two platforms to see which one suits you best:

  • Bitonic is a broker bitbits is a broker, both are using the same business model.
  • Bitonic had started the business May 2012 bitbits started the business November 2018 (Bitonic is working for 6 years and 6 months longer time).
  • Bitonic has all the required business licenses and permissions bitbits operates without a business registration or there is no information available about it (Bitonic's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, Bitonic provides the following extra services: Merchant Services bitbits provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • Bitonic supports 1 cryptocurrencies bitbits allows to exchange 1 cryptos (bitbits & Bitonic support the same number of digital currencys).
  • 1 fiat currencies are available at Bitonic You'll be able to use 1 fiat currencies to swap with digital ones at bitbits (bitbits & Bitonic support the same number of fiat currencys).
  • Bitonic accepts deposits from and allows withdrawals to 3 fiat payment systems / banks bitbits allows the user to utilize 5 various fiat payment systems and/or banks (bitbits supports 2 fiat payment systems and banks more).
  • Bitonic charges 0.0% fee bitbits charges the client 17% — 31% fee, depending on the currency, payment system, etc. (bitbits has higher fees, generally).
  • Buying limits at Bitonic start from $1 and are up to $2,756 Deposit/withdraw limits at bitbits are $14 — $625 depending on the payment method (bitbits has higher buying/selling limits).
  • Bitonic allows registrations from 46 countries; we are sorry, but United States is not supported this time You may register at bitbits if you reside in one of 255 countries; it serves United States among others (bitbits supports more countries worldwide).
  • During the account verification Bitonic usually asks for 3 documents and/or procedures: (id verification, phone confirmation, a bank account verification) User identification at bitbits usually consists of 1 procedure: id verification (bitbits 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — Bitonic or bitbits — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

bitbits vs BTCBIT

Let's compare the key features of these two platforms to see which one suits you best:

  • BTCBIT is a broker bitbits is a broker, both are using the same business model.
  • BTCBIT had started the business May 2017 bitbits started the business November 2018 (BTCBIT is working for 1 years and 6 months longer time).
  • BTCBIT has all the required business licenses and permissions bitbits operates without a business registration or there is no information available about it (BTCBIT's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, BTCBIT provides no extra services bitbits provides the same number of services as BTCBIT: it allows us to purchase and sell digital currencies.
  • BTCBIT supports 10 cryptocurrencies bitbits allows to exchange 1 cryptos (bitbits supports 9 cryptocurrencies less).
  • 9 fiat currencies are available at BTCBIT You'll be able to use 1 fiat currencies to swap with digital ones at bitbits (bitbits supports 8 fiat currencies less).
  • BTCBIT accepts deposits from and allows withdrawals to 4 fiat payment systems / banks bitbits allows the user to utilize 5 various fiat payment systems and/or banks (bitbits supports 1 fiat payment systems and banks more).
  • BTCBIT charges 3% — 15% fee bitbits charges the client 17% — 31% fee, depending on the currency, payment system, etc. (bitbits & BTCBIT charge the customer with the equal fee level, more or less).
  • Buying limits at BTCBIT start from $50 and are up to $10,000 Deposit/withdraw limits at bitbits are $14 — $625 depending on the payment method (bitbits has lower buying/selling limits).
  • BTCBIT allows registrations from 221 countries; United States is among the supported ones You may register at bitbits if you reside in one of 255 countries; it serves United States among others (bitbits supports more countries worldwide).
  • BTCBIT allows the user to be anonymous, there is no account verification, etc. User identification at bitbits usually consists of 1 procedure: id verification (bitbits 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — BTCBIT or bitbits — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

bitbits vs PayBis

Let's compare the key features of these two platforms to see which one suits you best:

  • PayBis is a broker bitbits is a broker, both are using the same business model.
  • PayBis had started the business April 2015 bitbits started the business November 2018 (PayBis is working for 3 years and 7 months longer time).
  • PayBis is an ordinary company without licenses, etc. bitbits operates without a business registration or there is no information available about it (PayBis's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, PayBis provides no extra services bitbits provides the same number of services as PayBis: it allows us to purchase and sell digital currencies.
  • PayBis supports 8 cryptocurrencies bitbits allows to exchange 1 cryptos (bitbits supports 7 cryptocurrencies less).
  • 3 fiat currencies are available at PayBis You'll be able to use 1 fiat currencies to swap with digital ones at bitbits (bitbits supports 2 fiat currencies less).
  • PayBis accepts deposits from and allows withdrawals to 5 fiat payment systems / banks bitbits allows the user to utilize 5 various fiat payment systems and/or banks (bitbits & PayBis support the same number of banks and payment systems).
  • PayBis charges 1% — 11% fee bitbits charges the client 17% — 31% fee, depending on the currency, payment system, etc. (bitbits & PayBis charge the customer with the equal fee level, more or less).
  • Buying limits at PayBis start from $20 and are up to $200,000 Deposit/withdraw limits at bitbits are $14 — $625 depending on the payment method (bitbits has lower buying/selling limits).
  • PayBis allows registrations from 241 countries; United States is among the supported ones You may register at bitbits if you reside in one of 255 countries; it serves United States among others (bitbits supports more countries worldwide).
  • During the account verification PayBis usually asks for 3 documents and/or procedures: (id verification, phone confirmation, address confirmation) User identification at bitbits usually consists of 1 procedure: id verification (bitbits 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — PayBis or bitbits — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

bitbits vs XMLGold

Let's compare the key features of these two platforms to see which one suits you best:

  • XMLGold is a broker bitbits is a broker, both are using the same business model.
  • XMLGold had started the business May 2006 bitbits started the business November 2018 (XMLGold is working for 12 years and 6 months longer time).
  • XMLGold is an ordinary company without licenses, etc. bitbits operates without a business registration or there is no information available about it (XMLGold's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, XMLGold provides no extra services bitbits provides the same number of services as XMLGold: it allows us to purchase and sell digital currencies.
  • XMLGold supports 3 cryptocurrencies bitbits allows to exchange 1 cryptos (bitbits supports 2 cryptocurrencies less).
  • 1 fiat currencies are available at XMLGold You'll be able to use 1 fiat currencies to swap with digital ones at bitbits (bitbits & XMLGold support the same number of fiat currencys).
  • XMLGold accepts deposits from and allows withdrawals to 2 fiat payment systems / banks bitbits allows the user to utilize 5 various fiat payment systems and/or banks (bitbits supports 3 fiat payment systems and banks more).
  • XMLGold charges 1% — 2% fee bitbits charges the client 17% — 31% fee, depending on the currency, payment system, etc. (bitbits has higher fees, generally).
  • Buying limits at XMLGold start from $110 and are up to $110,254 Deposit/withdraw limits at bitbits are $14 — $625 depending on the payment method (bitbits has lower buying/selling limits).
  • XMLGold allows registrations from 255 countries; United States is among the supported ones You may register at bitbits if you reside in one of 255 countries; it serves United States among others (bitbits & XMLGold support the same number of countries and territories).
  • During the account verification XMLGold usually asks for 1 document / procedure: (id verification) User identification at bitbits usually consists of 1 procedure: id verification (bitbits 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — XMLGold or bitbits — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

bitbits vs MagneticExchange

Let's compare the key features of these two platforms to see which one suits you best:

  • MagneticExchange is a broker bitbits is a broker, both are using the same business model.
  • MagneticExchange had started the business May 2011 bitbits started the business November 2018 (MagneticExchange is working for 7 years and 6 months longer time).
  • MagneticExchange is an ordinary company without licenses, etc. bitbits operates without a business registration or there is no information available about it (MagneticExchange's business model is more stable and safer for clients).
  • Besides buying, selling and exchanging cryptocurrencies, MagneticExchange provides no extra services bitbits provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • MagneticExchange supports 6 cryptocurrencies bitbits allows to exchange 1 cryptos (bitbits supports 5 cryptocurrencies less).
  • 4 fiat currencies are available at MagneticExchange You'll be able to use 1 fiat currencies to swap with digital ones at bitbits (bitbits supports 3 fiat currencies less).
  • MagneticExchange accepts deposits from and allows withdrawals to 15 fiat payment systems / banks bitbits allows the user to utilize 5 various fiat payment systems and/or banks (bitbits supports 10 banks and fiat payment systems less).
  • MagneticExchange charges 3% — 17% fee bitbits charges the client 17% — 31% fee, depending on the currency, payment system, etc. (bitbits & MagneticExchange charge the customer with the equal fee level, more or less).
  • Buying limits at MagneticExchange start from $8 and are up to $9,963 Deposit/withdraw limits at bitbits are $14 — $625 depending on the payment method (bitbits has lower buying/selling limits).
  • MagneticExchange allows registrations from 254 countries; we are sorry, but United States is not supported this time You may register at bitbits if you reside in one of 255 countries; it serves United States among others (bitbits supports more countries worldwide).
  • During the account verification MagneticExchange usually asks for 1 document / procedure: (id verification) User identification at bitbits usually consists of 1 procedure: id verification (bitbits 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — MagneticExchange or bitbits — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is bitbits legit or scam?

Now it's time to draw a conclusion, is bitbits a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign bitbits a rating, but according to our research it's a good exchange. We have found no evidence that this broker is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the bitbits:

  • There is no information about the business entity, regulatory compliance, etc.
  • The broker doesn't hold customers' funds, instantly delivering monies to your wallet
  • The website was launched rather recently; exchange was started 11 months ago
  • Exchange supports only 1 cryptocurrencies and just 1 fiat ones (totally 5 payment systems / banks are available). There are no extra services besides the digital currencies exchange
  • It charges very high fees: from 17% to 31% depending on the payment method
  • The purchase / withdrawal limits are low: from $14 to $625 USD, it depends on a payment system choice
  • Bitbits allows registrations from 255 countries; people from United States may use the service

Overall rating for bitbits: N/A