BITEXBOOK review & testimonials for bitexbook.com (07.2020)
- Overview: is BITEXBOOK safe?
- Pros & Cons of BITEXBOOK
- Services, BITEXBOOK Provides
- Currencies & Payment Systems
- BITEXBOOK fees
- Buying and selling limits
- Supported countries
- Customer service
- Verification at BITEXBOOK
- Deposit/withdrawal speed
- Customers' testimonials
- FAQ about BITEXBOOK
- BITEXBOOK vs other exchanges
- Conclusion: is BITEXBOOK legit or scam?
What is BITEXBOOK in a nutshell? It's maybe not the most popular, but well established, exchange service (trading platform) supporting some popular crypto: you can exchange these using the website. Exchange service started the business May 2018, it serves the clients over a year. Besides the cryptocurrencies exchange, BITEXBOOK also provides other services, for example, Cash codes.
This service works with a number of currencies, banks, and payment systems. Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here. Based on this number (2.67%) we may say that BITEXBOOK charges a very reasonable fee for smaller amounts; for higher ones it charges relatively high fees: 0.8% — 5.5% (although, according to our statistics 76% exchanges take higher average fee) and has great buying limits: $0 — $100,000 (in accordance with the statistics we've collected, 93% exchanges allow lower limits for orders). This Trading Platform 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 BITEXBOOK, although according to the information from the exchange itself, order processing is automated and should be instant. You will have to verify your account (Address Confirmation, Selfie should be normally required) before being able to use the service.
Based on all these facts, our verdict is the following: BITEXBOOK is a promising, although not yet reviewed much by our visitors place to exchange Bitcoins, an interesting exchange that we believe will get some nice feedback soon!
Overview: is BITEXBOOK safe?
BITEXBOOK is the Trading Platform; StreamCapital Group Ltd (dba BITEXBOOK) started the business in May 2018. The company is based in the El Salvador with the headquarters located in the Kingston.
Platform software is developed by StreamCapital LLC (Belarus). The company is a resident of Belarusian High-Tech Park, a local special economic zone serving the same purpose as the Silicon Valley in the US.
Answering the question how safe is BITEXBOOK:
We are sorry, our platform has't yet collected enough data, but you can help! We know fairly much about this Trading Platform (please continue reading), but our policies require to collect more testimonials from the users of BITEXBOOK 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.Pros & Cons of BITEXBOOK
Although BITEXBOOK is not yet rated by our visitors, common sense tells us it should have both strong sides and some downsides. Let's check it out:
- High purchase and withdrawal limits, convenient min/max amounts.
- Almost all the countries in the world are welcomed here! Feel free to check if your country is allowed to register an account.
- Besides the buying and selling, you may trade cryptocurrencies and earn some profit.
- Trading platform business model is based on holding the clients funds at the online wallet; such approach has some risks.
Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at BITEXBOOK! Try BITEXBOOK today and let us know how you like it!
Services, BITEXBOOK Provides
The platform provides the following cryptocurrency exchange-related services:
- Helps the visitors to exchange the electronic currencies.
- Allows the clients to issue/redeem so called cash codes; the combination of characters that can be sent to other person and used by him/her to add fiat balance at the exchange. It's something similar to prepaid cards like Paysafecard, etc..
So BITEXBOOK is something bigger than just a place to exchange digital currency. According to our statistics, 92% of the competition provide less services, many just allow the buying and selling, so this trading platform is among the champions in this field!
Currencies & Payment Systems
BITEXBOOK provides the service of various cryptocurrencies exchange.
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 under $1 to invest in 2020.
BITEXBOOK fees
The fees you need to pay at this trading platform 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):
-
Deposit/withdrawal fee.
Depending on the fiat payment system and currency, it's as follows:
- 3.5% to deposit funds by Mir Card in Russian Ruble.
- Commission for the money withdrawal to Qiwi in Russian Ruble: 2.0%
- 5.0% to deposit funds by Qiwi in Russian Ruble.
- 4.0% to deposit funds by Sberbank in Russian Ruble.
- 4.0% to deposit funds by Tinkoff Bank in Russian Ruble.
- 3.5% to deposit funds by Visa & Mastercard in Russian Ruble.
- Commission for the money withdrawal to Visa & Mastercard in Russian Ruble: 2.5% + ₽40
- 0.8% to deposit funds by WebMoney in Russian Ruble.
- 0.8% to deposit funds by WebMoney in US Dollar.
- 5.5% to deposit funds by Yandex Money in Russian Ruble.
- Commission for the money withdrawal to Yandex Money in Russian Ruble: 2.8%
-
Trading fee.
This trading platform charges the following when you make the funds transfer:
- 0.25% of the exchange amount, whatever fiat or crypto currency you exchange.
-
Cryptocurrency withdrawal fee.
Please note that this fee applies only when you
transfer the crypto 'out': to your own wallet, to someone else, etc.!
- 0.000500 BTC when you purchase Bitcoins
Are BITEXBOOK fees high or low?
Now it's time to draw a conclusion: considering the average fee the exchange changes for an operation we can state that BITEXBOOK charges a very reasonable fee for smaller amounts; although for a higher ones it takes relatively high fees from the customers. According to our statistics, most of the exchanges charges about the same fees BITEXBOOK does.
Buying and selling limits
This Trading Platform has the following limits, applicable when you buy or sell cryptocurrencies:
-
Purchase limits (when you buy crypto).
- ₽100 minimal buy and ₽100,000 max purchase when using Mir Card in Russian Ruble.
- ₽100 minimal buy and ₽250,000 max purchase when using Qiwi in Russian Ruble.
- ₽100 minimal buy and ₽100,000 max purchase when using Sberbank in Russian Ruble.
- ₽100 minimal buy and ₽100,000 max purchase when using Tinkoff Bank in Russian Ruble.
- ₽100 minimal buy and ₽100,000 max purchase when using Visa & Mastercard in Russian Ruble.
- ₽0 minimal buy and ₽100,000 max purchase when using WebMoney in Russian Ruble.
- $0 minimal buy and $100,000 max purchase when using WebMoney in US Dollar.
- ₽100 minimal buy and ₽15,000 max purchase when using Yandex Money in Russian Ruble.
-
Withdrawal limits (when you out-exchange crypto to the fiat money).
- ₽100 min and ₽15,000 maximal withdrawal when receiving money to Qiwi in Russian Ruble.
- ₽100 min and ₽45,000 maximal withdrawal when receiving money to Visa & Mastercard in Russian Ruble.
- ₽1 min and ₽100,000 maximal withdrawal when receiving money to Yandex Money in Russian Ruble.
And the good news: there are no limits on other payment systems (the limitations the payment system has aside) BITEXBOOK supports! Comparing to other exchanges, BITEXBOOK has a very convenient buying/selling limits setup; the minimal amount is tiny and the max is high. Whatever amount you have in mind, you can exchange it at this Trading Platform!
Supported countries
Platform allows the users from 255 countries to use the exchange. The following countries are supported by the trading platform:
- 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)
- Côte d’Ivoire (CI)
- Croatia (HR)
- Cuba (CU)
- Curaçao (CW)
- Cyprus (CY)
- Czech Republic (CZ)
- 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)
- Northern Mariana Islands (MP)
- North Korea (KP)
- 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)
- Réunion (RE)
- Romania (RO)
- Russia (RU)
- Rwanda (RW)
- Samoa (WS)
- San Marino (SM)
- São Tomé & Príncipe (ST)
- 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)
- 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)
- Uganda (UG)
- Ukraine (UA)
- United Arab Emirates (AE)
- United Kingdom (GB)
- United States (US)
- Uruguay (UY)
- U.S. Outlying Islands (UM)
- U.S. Virgin Islands (VI)
- Uzbekistan (UZ)
- Vanuatu (VU)
- Vatican City (VA)
- Venezuela (VE)
- Vietnam (VN)
- Wallis & Futuna (WF)
- Western Sahara (EH)
- Yemen (YE)
- Zambia (ZM)
- Zimbabwe (ZW)
Does BITEXBOOK allow the users from United States (US)?
Yes, BITEXBOOK allows the registrations from the United States! Trading Platform 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)
Americans are welcome to exchange various cryptos that are supported by the trading platform.
Please visit the exchange's website to check the offers that are currently active!
Customer service
Verification at BITEXBOOK
The trading platform requires it's clients to pass through obligatory user identification (account verification). The following procedures should be completed before the client will be able to utilize the exchange services:
- Address confirmation
- Selfie
You can trade (as well as deposit and withdraw funds) without any verification, although identification increases the limits and the number of payment systems available. Visa/MasterCard and Wire Transfers are available only after the KYC; there is a "basic verification" option (no selfie required) as well.
According to the customers surveys results, the average time to verify an account at BITEXBOOK is the following:
Sorry, we haven't yet collected enough data. Do you know, how fast BITEXBOOK does account verification? Kindly let us know, too. Thank you very much!
Deposit/withdrawal speed
BITEXBOOK processes the orders automatically, that's definitely a good thing and the process should take no time. Although we know that some exchanges require various forms of staff approval, etc. for the specific orders; such ones generally take longer. Even fully automated platforms sometimes delay the funds delivery, so if you know that it's the case here at this trading platform, let us and the community know about it, please!
Is BITEXBOOK instant?
So, what can we see? In accordance with the data we know about the trading platform, orders at BITEXBOOK should be 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 BITEXBOOK. Do you have any experience using this trading platform? If you do, please say a couple of words about it!
FAQ about BITEXBOOK
Does BITEXBOOK holds my funds?
Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" BITEXBOOK holds your balance at it's own hot storage wallet. This is the standard practice for all the trading platforms, although we recommend to keep only the funds you need for the trading at the exchange.
Is BITEXBOOK a good trading platform?
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 BITEXBOOK licensed? Does it hold e-money license?
It is not, although seems that such business model complies with the regulation in BITEXBOOK home country.
Does BITEXBOOK issue redeemable cash codes?
It does. All the users of trading platform may issue/redeem such codes and send/receive such ones from/to others. It works like the prepaid gift cards, e-vouchers, etc.
Is BITEXBOOK a ripoff?
It is not a ripoff, although we have not rated BITEXBOOK 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 BITEXBOOK legit or scam.
BITEXBOOK vs other exchanges
Let's compare BITEXBOOK to other similar exchange services with similar features: others of trading platform 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!
BITEXBOOK vs BitQuick
Let's compare the key features of these two platforms to see which one suits you best:
- BitQuick is a p2p marketplace BITEXBOOK is a trading platform, it has a different business model (feel free to read about the differences between p2p marketplace and trading platform)
- BitQuick had started the business October 2013 BITEXBOOK started the business May 2018 (BitQuick is working for 4 years and 7 months longer time).
- BitQuick has all the required business licenses and permissions BITEXBOOK is an ordinary company without licenses, etc. (BitQuick's business model is more stable and safer for clients).
- Besides the digital currencies exchange, BitQuick provides no extra services BITEXBOOK provides more exchange-related services: it just exchanges cryptos.
- BitQuick charges 2.0% fee BITEXBOOK charges the client 0.8% — 5.5% fee, depending on the currency, payment system, etc. (BITEXBOOK has higher fees, generally).
- BitQuick allows registrations from 1 countries; United States is among the supported ones You may register at BITEXBOOK if you reside in one of 255 countries; it serves United States among others (BITEXBOOK supports more countries worldwide).
- During the account verification BitQuick usually asks for 1 document / procedure: (phone confirmation) User identification at BITEXBOOK usually consists of 2 different procedures: address confirmation, selfie (BITEXBOOK 's compliance program requires the client to take more actions or to provide more data).
Although the final decision, which exchange — BitQuick or BITEXBOOK — 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:
BITEXBOOK vs Coinbase
Let's compare the key features of these two platforms to see which one suits you best:
- Coinbase is a e-wallet BITEXBOOK is a trading platform, it has a different business model (feel free to read about the differences between e-wallet and trading platform)
- Coinbase had started the business June 2012 BITEXBOOK started the business May 2018 (Coinbase is working for 5 years and 11 months longer time).
- Coinbase has all the required business licenses and permissions BITEXBOOK is an ordinary company without licenses, etc. (Coinbase's business model is more stable and safer for clients).
- Besides buying and selling cryptocurrencies, Coinbase provides the following extra services: ATM Cards and the Merchant Services BITEXBOOK provides us with less services, related to the crypto exchange: it just exchanges cryptos.
- 6 fiat currencies are available at Coinbase BITEXBOOK doesn't allow to use any fiat currencies (BITEXBOOK supports 6 fiat currencies less).
- Coinbase accepts deposits from and allows withdrawals to 4 fiat payment systems / banks BITEXBOOK doesn't support fiat payments in any form (BITEXBOOK supports 4 banks and fiat payment systems less).
- Coinbase charges 1.49% — 3.99% fee BITEXBOOK charges the client 0.8% — 5.5% fee, depending on the currency, payment system, etc. (BITEXBOOK has higher fees, generally).
- Buying limits at Coinbase start from $2 and are up to $5,000 Deposit/withdraw limits at BITEXBOOK are $0 — $100,000 depending on the payment method (BITEXBOOK has higher buying/selling limits).
- Coinbase allows registrations from 39 countries; United States is among the supported ones You may register at BITEXBOOK if you reside in one of 255 countries; it serves United States among others (BITEXBOOK supports more countries worldwide).
- During the account verification Coinbase usually asks for 2 documents and/or procedures: (id verification, phone confirmation) and it takes a day or two in most of the cases User identification at BITEXBOOK usually consists of 2 different procedures: address confirmation, selfie (BITEXBOOK 's KYC policy requires the customer to take less actions or to provide less data).
Although the final decision, which exchange — Coinbase or BITEXBOOK — 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:
BITEXBOOK vs Changelly
Let's compare the key features of these two platforms to see which one suits you best:
- Changelly is a broker BITEXBOOK is a trading platform, it has a different business model (feel free to read about the differences between broker and trading platform)
- Changelly had started the business December 2013 BITEXBOOK started the business May 2018 (Changelly is working for 4 years and 4 months longer time).
- Changelly has all the required business licenses and permissions BITEXBOOK is an ordinary company without licenses, etc. (Changelly's business model is more stable and safer for clients).
- Besides the digital currencies exchange, Changelly provides no extra services BITEXBOOK provides more exchange-related services: it just exchanges cryptos.
- Changelly allows registrations from 242 countries; we are sorry, but United States is not supported this time You may register at BITEXBOOK if you reside in one of 255 countries; it serves United States among others (BITEXBOOK supports more countries worldwide).
- Changelly allows the user to be anonymous, there is no account verification, etc. User identification at BITEXBOOK usually consists of 2 different procedures: address confirmation, selfie (BITEXBOOK 's compliance program requires the client to take more actions or to provide more data).
Although the final decision, which exchange — Changelly or BITEXBOOK — 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:
BITEXBOOK vs Binance
Let's compare the key features of these two platforms to see which one suits you best:
- Binance is a trading platform BITEXBOOK is a trading platform, both are using the same business model.
- Binance had started the business April 2017 BITEXBOOK started the business May 2018 (Binance is working for 1 years and 0 months longer time).
- Binance has all the required business licenses and permissions BITEXBOOK is an ordinary company without licenses, etc. (Binance's business model is more stable and safer for clients).
- Besides the crypto to crypto exchange, Binance provides the following extra services: Mobile wallet, Lending and the Margin Trading BITEXBOOK provides us with less services, related to the crypto exchange: it just exchanges cryptos.
- Binance charges 0.0% fee BITEXBOOK charges the client 0.8% — 5.5% fee, depending on the currency, payment system, etc. (BITEXBOOK has higher fees, generally).
- Binance allows registrations from 255 countries; United States is among the supported ones You may register at BITEXBOOK if you reside in one of 255 countries; it serves United States among others (BITEXBOOK & Binance support the same number of countries and territories).
- During the account verification Binance usually asks for 1 document / procedure: (selfie) User identification at BITEXBOOK usually consists of 2 different procedures: address confirmation, selfie (BITEXBOOK 's KYC policy requires the customer to take less actions or to provide less data).
Although the final decision, which exchange — Binance or BITEXBOOK — 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:
BITEXBOOK vs Zank
Let's compare the key features of these two platforms to see which one suits you best:
- Zank is a broker BITEXBOOK is a trading platform, it has a different business model (feel free to read about the differences between broker and trading platform)
- Zank had started the business July 2018 BITEXBOOK started the business May 2018 (BITEXBOOK operates 1 months longer).
- Zank has all the required business licenses and permissions BITEXBOOK is an ordinary company without licenses, etc. (Zank's business model is more stable and safer for clients).
- Besides buying and selling cryptocurrencies, Zank provides no extra services BITEXBOOK provides us with less services, related to the crypto exchange: it just exchanges cryptos.
- 5 fiat currencies are available at Zank BITEXBOOK doesn't allow to use any fiat currencies (BITEXBOOK supports 5 fiat currencies less).
- Zank accepts deposits from and allows withdrawals to 21 fiat payment systems / banks BITEXBOOK doesn't support fiat payments in any form (BITEXBOOK supports 21 banks and fiat payment systems less).
- Zank charges 15% — 16% fee BITEXBOOK charges the client 0.8% — 5.5% fee, depending on the currency, payment system, etc. (BITEXBOOK has lower fees in general).
- Buying limits at Zank start from $6 and are up to $11,720 Deposit/withdraw limits at BITEXBOOK are $0 — $100,000 depending on the payment method (BITEXBOOK has higher buying/selling limits).
- Zank allows registrations from 254 countries; we are sorry, but United States is not supported this time You may register at BITEXBOOK if you reside in one of 255 countries; it serves United States among others (BITEXBOOK supports more countries worldwide).
- During the account verification Zank usually asks for 3 documents and/or procedures: (id verification, address confirmation, card verification) and it takes a day or two in most of the cases User identification at BITEXBOOK usually consists of 2 different procedures: address confirmation, selfie (BITEXBOOK 's KYC policy requires the customer to take less actions or to provide less data).
Although the final decision, which exchange — Zank or BITEXBOOK — 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 BITEXBOOK legit or scam?
Now it's time to draw a conclusion, is BITEXBOOK a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign BITEXBOOK a rating, but according to our research it's a good exchange. We have found no evidence that this trading platform 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 BITEXBOOK:
- Although it has no financial licenses, etc. such a business model complies with the regulation
- The trading platform holds users' funds
- The service exists for rather a long time; exchange was started 2 years and 2 months ago
- It charges rather high fees: from 0.8% to 5.5% depending on the payment method; although the exchange of smaller amounts is rather inexpensive
- The purchase and withdrawal limits are high and you may exchange small amounts, if you wish to: from $0 to $100,000 USD, it depends on a payment system choice
- BITEXBOOK allows registrations from 255 countries; people from United States may use the service