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Bitonic review: is a safe exchange or scam? (01.2020)

Bitonic user interface: the home page in English

What do we know about Bitonic? According to the data we possess, it appears to be a quite reputable, quite respectable, well established, promising exchange service. It's a broker successfully operating for about 11 years and 9 months. Bitonic supports 1 cryptocurrency and only 1 fiat currency. Buying and selling crypto is possible with 4 payment systems and banks. Bitonic operator is regulated, licensed financial company fully compliant with the local and international regulation, etc. Bitonic is more than just an "exchanger"; currencies swap aside, it also provides such services as Merchant Services.

Just one national currency is supported; the choice of banks and payment systems connected should satisfy most of the users' need. We'll try to assess the fees you normally spend at this Broker by calculating an average fee from a set of all commissions the service charges and comparing it to the competition. 0% Bitonic asks on average is a low fee: 0.0%. In accordance with our statistical research, 100% exchanges take higher average fee. Like any other broker, Bitonic has limits for purchases and withdrawals: from $1.06 to $2,647; the limit varies for different payment methods. These are a medium buying limits, not bad at all; in comparison, 100% of the exchange platforms allow higher order limits. Clients from 4 countries & territories are welcome here, regrettably, registrations from United States where you are located are currently not allowed, but there are good alternatives! Due to regulatory restrictions, US citizens and residents are not served by the exchange. Our visitors decided the customer service as exceptional, 5 stars quality; the exchange is instantaneous each and every time! (or smth close). You will be required to verify your identity (ID Verification, Phone Number Confirmation, Bank Account Verification are commonly requested) to be approved doing buy and sell operations here.

Starting from 2012, bitonic.nl received some great reviews from the clientele; our platform alone counted 5 customers testimonials, 100% positive reviews. The major part of the actual clients admired the quality of the customer care, fast order processing, usability of the user interface above all. Despite the fact hadn't yet collected enough data to list these guys among the rest of the approved exchange services (more information below) and therefore can't yet assign the rating to this broker, we can propose a preliminary evaluation: 100/100. Looks impressive! Nevertheless, 100% of the competitors can show off a higher score; some examples: Changelly & Kuna were rated with a lesser number.

So, what's our opinion so far? Based on the information we currently hold, Bitonic should be a fairly legitimate and most likely, very safe site to buy or sell Bitcoins; an auspicious service with a remarkable reputation on the market, the one we are hopeful and optimistic about! Let's appraise everything in details...

Overview: is Bitonic safe?

Bitonic operates as the Broker. Bitonic B.V. (dba Bitonic) started doing business back in May 2012. The main office is located in Baarn, Netherlands. Official Bitonic address is Oude Utrechtseweg 17C 3743 KN. The firm is a licensed financial service provider, regulated by the De Nederlandsche Bank (DNB); it obtained the Crypto Asset Business license.

Bitonic was founded by Jouke Hofman, Robert de Waard & Niels van Groningen. Bitonic CEO is Jouke Hofman.

Although the founders had requested the central bank of the Netherlands to issue a financial license for the business, the official reply was that licensing is not required. Despite that, the company management claims that all possible regulation is respected as if the business was a regulated one. November 2020 the firm was finally approved by the Central Bank and got the license. Jun 28th, 2019 at 11:00 the company reported to sell 400,000th Bitcoin: a serious milestone for the Netherlands & Belgium!

So what we'll decide, how safe is Bitonic?

Bitonic wasn't rated yet. What does it mean, is it secure to use this broker? Despite bitonic isn't yet fully listed and has no rating @ ExchangeRates.Pro, it doesn't mean it's a scam website , is a bad broker, whatever. We are very careful with new additions to our listing, especially for less regulated Brokers and (among all other procedures) postpone the decision until we receive at least a few reports from real users that we can verify.

This ordinary takes rather a long time; we already have 37 well-examined websites in our listing, nevertheless, we never rush to add more. With 9,199 ways to buy and sell BTC worldwide, including 30 local ones for United States, why urge? For now, we can already state that although it's a bit early to make conclusions, Bitonic most likely will be included in our approved services list (if we don't receive any negative reviews of course). Let's keep an eye on it! 100/100, the proposed rating for the bitonic.nl so far says that it should be safe enough to do business here as we trust. Now let's break down our assumed rating for BITONIC, how it was calculated:

Time in the business: 11 years 9 months
Feedback count: 5
Reviews: 5 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant
Order Speed: instant
Support Quality: perfect
Verification Speed: unknown
UI Usability: good

Altogether, the preliminary rating for Bitonic is 100 / 100

Research: best alternative to Bitonic

By reason of we can't (yet?) endorse the bitonic.nl, you may feel safer choosing the website we've already appraised and checked in full. Therefore we took the liberty to research the market and suggest a viable, well-known, 100% trusted alternative exchange platform. How we did it? Let's explain! Makes sense to start from figuring out what exactly we are looking for:

A glance at the service specifics confirms that Bitonic employs the business model of a Broker; Bitonic B.V. (dba Bitonic) started the business in May 2012. An entity is in the business for 11 years and 9 months and gained some popularity on the market. The company bases in the Netherlands with the headquarters located in Baarn. The firm is the licensed MSB, regulated by the De Nederlandsche Bank (DNB); it possesses the Crypto Asset Business license.

Bitonic was founded by Jouke Hofman, Robert de Waard & Niels van Groningen. Bitonic CEO is Jouke Hofman. Please note that it's just a super-small snapshot of what we've discovered, details about the business model are available in the "what we already know about bitonic" section. Considering all the abovementioned, we were looking for another broker allowing registrations from United States with a flawless reputation and the best rating and found a perfect match: TransCoin! Let's figure out what makes it the safest choice:

TransCoin user interface: the home page in English

TRANSCOIN is also a Broker; exchange started to provide the services in May 2018. It is a really trusted, surely a respectable, well established, interesting exchange platform (broker) that supports 1 cryptocurrency: you can This is what we value the most about this great exchange service:

  • It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
  • The business model of an exchange broker doesn't require to store the customers' money, there are no accounts, etc. The crypto (or fiat) payment will be instantly delivered to a wallet (bank or fiat payment system) of your choice
  • The exchange runs the business for a long time; project was started 5 years and 9 months ago
  • Customers' testimonials are top notch, 100% (5 out of 5) wrote about the positive experience doing business with TransCoin.

So, let's conclude: the best alternative to Bitonic is

TransCoin, a perfectly safe and trusted broker, rated 100/100. Such score is really, really hard to get, only very exchange services managed to get such a high rating! Let's break down how the transcoin.me exchange could get such a scoring.
Time in the business: 5 years 9 months
Feedback count: 5
Reviews: 5 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant

Overall scoring for TransCoin: 100 / 100

Bitonic fees, limits, verification, etc.

Even though we still consider if we should add BITONIC to the list of approved exchange platforms and are in process of gathering and evaluating the information, we've already collected some data worth sharing. The business appears like a pretty stable and reliable broker running almost flawlessly from May 2012. The operator of Bitonic is a regulated entity, a financial company holding all the licenses and permissions required by the law; it's fully compliant with the regulation in Netherlands. Bitonic definitely stands out of the (most of the) competition; unfortunately, the majority of the Brokers have much less solid business model.

bitonic.nl is a broker, sort of "crypto exchange bureau" online. Buying and selling aside, there's usually not much to do on such a website; but isn't it exactly what we are looking for? By the way bitonic is a notable exception, it also provides extra services including Merchant Services. On a positive note, the brokers don't hold the clients' funds and typically require less trust, etc.

Dealing with a reputable service of the sort (that seems especially correct for the Bitonic case) is virtually risk-free, especially if you don't send a lump sum at once. Our visitors who've already tried the services of broker left perfect recommendations. That's clearly a good sign, although as they say, "trust, but verify"!

Fees @ Bitonic

Let's break down the fees that broker charges for various exchange operations; although if you are in a hurry, feel free to skip everything but the conclusion are the BITONIC fees high or low?

  1. Fees for service and/or processing. Determined by the fiat currency and a banking or payment system, it is:
    • 0% when you transfer funds via Bancontact in Euro.
    • 0% when you transfer funds via iDEAL in Euro.
    • 0% when you transfer funds via MyBank in Euro.
    • Commission applied when you receive the funds to SEPA Transfer in Euro: 0%
  2. Network fee. Please be aware that the fee is applicable only when you are buying bitcoins or any other cryptocurrency or token!
    • 0 BTC: amazing news! no such a fee right now!

Are Bitonic fees expensive or cheap?

Shall we make out a judgement call? Analyzing the average fee that website asks for orders we came to an outcome that Bitonic charges a very small fees! In line with our market research, the major part of competing websites charge significantly more than Bitonic offers!

BITONIC limits

The limits for "buy" and "sell" crypto trades depend on the currencies and payment systems (see below)

  1. Purchasing limits, cases when you are buying crypto.
    • €10 minimum purchase and €2,500 max. buy with Bancontact in Euro.
    • €10 minimum purchase and €20,000 max. buy with iDEAL in Euro.
    • €1 minimum purchase and €2,500 max. buy with MyBank in Euro.
  2. Withdrawal limits: operations like you are out-exchanging crypto, selling it to the fiat money.
    • from €10 up to €100,000 for funds arriving to SEPA Transfer in Euro.

And the bright side: there are no limitations for all other payment systems (the min/max amount restrictions the payment system sets itself aside) Bitonic cooperates with! Comparing to the market, Bitonic has "middle-sized" buy and sell limits; it's rather comfortable, even if there are few sites with a higher maximum.

Bitonic account verification

The broker demands the clients to verify their identities in process of an account verification. Being a financial institution, Bitonic B.V. has certain obligations to the regulatory bodies and won't be allowed to operate without complying to the AML and CTF framework. The following identification procedures are required to complete before the user will be able to buy and sell using fiat money:

  • ID verification: submitting a passport, national ID, etc.
  • Phone confirmation: most often you'll need to receive a code by SMS
  • Bank account verification: the realization depends on website, often it's a small amount that exchange will send to your acc; you input the exact number afterwards to confirm the access. (if you're eager to use the namesake way of payment)

Bank account verification in Netherlands takes up to few hours. ING, ABN, SNS, bunq local bank accs are verified instantly. Belgian bank account verification takes at least a few days.

As for the estimation how long does it takes to verify an account at Bitonic on average: we must apologize, our platform still haven't collected enough feedback from the real users of a broker. By any chance, if you know how fast bitonic.nl is with an account verification, kindly let us know too. We really appreciate your commitment!

Supported countries

The website allows the user registrations from 4 countries. The following countries and territories are in the supported list:

  • Belgium (BE)
  • Italy (IT)
  • Luxembourg (LU)
  • Netherlands (NL)

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

USA flag

It's a shame, but Bitonic still can't carry on any operations with the citizens or residents of the United States. The reasons behind are the complications with obtaining the required permissions and licenses and/or the complexity of the regulation, etc. Even so, please don't get stressed out, we could encounter several sites worth checking, including the services of Broker type particularly. All of those welcome the American people! Some examples:

Customers' testimonials

Until Mar 2024 our users who already tried the broker left 5 testimonials: 5 positive reviews. The testimonials we are receiving from our dear visitors are the most vital for our assessment should we add Bitonic to the approved exchanges list or not. Do you have any experience dealing with the broker? If you do, please spend a few seconds and share your expertise. We'd love to know what's your personal opinion about BITONIC!

John S., 3 testimonials
@ 10 Jan 2020
ItsMe G., 4 testimonials
@ 16 Sep 2019
Sticky F., 4 testimonials
@ 14 Sep 2019
50 C., 7 testimonials
@ 13 Sep 2019
Satoshi N., 72 testimonials
@ 06 Sep 2019
No more testimonials to show. The rest are either outdated or written in other languages. If you have any experience dealing with Bitonic, can you please leave your testimonial? Thanks!

What can we say? So far, the reviews are great, 100% positive feedback is a good sign that Bitonic could be added to our listing soon! Do you have something to add? Can't wait to hear from you!

FAQ about Bitonic

Does Bitonic 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 Bitonic a good broker?

Seems Bitonic is a very good broker! We can say so based on the score the exchange got at our platform and the customers' testimonials analysis. The details are explained in this review and we break down a score in the overview section.

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

Yes, Bitonic B.V. (entity doing business as Bitonic exchange) is licenced and regulated financial company. It holds Crypto Asset Business license and is regulated by the De Nederlandsche Bank (DNB) of the Netherlands.

Does Bitonic provide services for the merchants willing to accept crypto?

It is! You may accept payments in all the cryptocurrencies supported by the Bitonic and get paid in fiat or your preferred crypto.

Is Bitonic a ripoff?

Bitonic is certainly not a rip-off; our analysis confirms that it's a trustworthy exchange. Read more in our conclusion: is Bitonic a legit exchange or scam

is Bitonic a legit exchange?

It is! According to the data we possess, Bitonic is a legitimate, trustworthy service. Our proposed rating score is 100 | 100, feel free to read more about what does it means and how the scoring is calculated.

Can I trust Bitonic with my money?

Bitonic seems very trustworthy and is trusted by the community, "5 stars" rating our platform proposes for the broker requires years of successful operations and much more, read why we preliminary assess the 100/100 result for the exchange. As far as we know, the community trusts broker almost blindly, so you likely won't regret believing them. And remember, whatever service you use, it never hurts to test it with a smaller amount first!

Is Bitonic instant?

Exchange with Bitonic is not instant, although as far as we know, the broker operators execute all the orders in minutes; it feels almost like a fully automated service.

Bitonic vs other exchanges

In case you prefer to deal with a broker that was already fully checked and rated by our reviewers, algorithms, and the actual clientele, we took the liberty to compile a list of alternative sites you may use instead of Bitonic. There are similar exchanges providing more or less the same services; let's see what else is available right away and compare it to the reviewed business! Besides, we found platforms having similar rating that are popular in United States particularly and North America in general. And by the way, if you are eager to pick an exchange basing on a rate and fees mostly, our price comparison platform always finds the most reasonable exchange rates in United States!

Bitonic vs CEX

A comparison of the key features and the principal facts about CEX versus Bitonic; just take a glance to decide if CEX will be the optimal choice for you or at least if it's worth checking our full study:

  • CEX is a trading platform The way bitonic.nl website functions fits the broker format, it's also an exchange, but has slightly different business model (feel free to read details about the difference between trading platform and broker)
  • CEX had launched the service July 2014 Bitonic started the project May 2012 (Bitonic operated 2 years and 2 months longer).
  • CEX has all the business licenses and permissions, required by law Bitonic obtained all the required permissions, got licensed, etc. (both websites follow the same corporate model, almost an identical approach to the operational and legal matters, etc.).
  • Other than providing the services of buying, selling and exchanging cryptocurrency, CEX provides some other exchange-related / financial services: Lending, Margin Trading, Faucets (small amounts of cryptos for free) and the Staking, MasterNodes, etc. (passive income opportunity) Bitonic arranges less services associated with the crypto exchange operations: simplifies the buying and selling cryptos & tokens, and also: Merchant Services.
  • CEX supports 30 cryptocurrencies Bitonic is offering to exchange only one crypto (Bitonic supports 29 fewer cryptocurrencies).
  • 3 fiat currencies are available for buy- sell- operations at CEX You may choose from 1 fiat currency converting it to digital form on Bitonic (Bitonic backs 2 fiat currencies less).
  • CEX accepts the deposits from and allows fund to be withdrawn to 8 banks and (fiat) payment systems Bitonic presents a choice of 4 various fiat payment systems and/or banks (Bitonic has integrated with 4 banks and/or payment systems less).
  • The fees CEX charges: 0.3% — 3.99% Bitonic takes 0.0% commission, depending on the exchange direction, payment system, etc. (Bitonic has generally cheaper fees).
  • The purchase limits at CEX are starting from $20.00 up to $10,000 The limits for deposit and withdrawal orders at the Bitonic are $1.06 — $2,647 depending on the specific payment method, etc. (Bitonic has lower buy & sell limits).
  • CEX allows users' registrations from 224 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the Bitonic being a resident of any of 4 countries; but users from United States are not allowed, sorry (Bitonic green-lights some less countries).
  • According to our users feedback, the quality of customer care at the CEX is 4.55 / 5.0 The score that our visitors assigned to customers' service at Bitonic happens to be 5.0 (Bitonic support department got a better rating from the customers
  • When the client needs to pass through the KYC process at CEX, they usually ask to provide 3 documents and / or specific procedures: ID or Passport Verification, Phone Number Confirmation (SMS or a call), Selfie with ID in hands. In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at Bitonic typically involves 3 individual procedures: the ID Verification, Phone Number Confirmation, the Bank Account Verification. (Bitonic & CEX alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
  • As per our analysis of the community feedback, CEX currently process orders to deposit and withdraw funds in just few minutes (although the exchange itself is instant) The actual Bitonic users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (Bitonic processes requests to deposit and withdraw funds faster
  • Our visitors shared 27 reviews about CEX, 100% of those are positive As of today, Bitonic gained 5 clients testimonials, 100% of these are positive (Bitonic & CEX managed to get the same percentage of positive feedback from their users).

So, is CEX a better alternative to Bitonic? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Bitonic & CEX alike are sharing the same score: 100 (out of 100). Therefore both together should be of the matching quality. Nevertheless, we'd like to recommend CEX simply because we know it better!

Like reading? In fact, there are more exchanges worth comparing to Bitonic, such as:

Bitonic vs Coinbase

A comparison of the key features and the principal facts about COINBASE versus Bitonic; just take a glance to decide if Coinbase will be the optimal choice for you or at least if it's worth checking our full study:

  • Coinbase is a e-wallet The way bitonic.nl website functions fits the broker format, it's also an exchange, but has slightly different business model (feel free to read details about the difference between e-wallet and broker)
  • Coinbase had launched the service June 2012 Bitonic started the project May 2012 (Bitonic operated 1 months longer).
  • Coinbase has all the business licenses and permissions, required by law Bitonic obtained all the required permissions, got licensed, etc. (both websites follow the same corporate model, almost an identical approach to the operational and legal matters, etc.).
  • Besides cryptocurrencies buying|selling, Coinbase provides some other exchange-related / financial services: ATM Cards, Merchant Services and the Staking, MasterNodes, etc. (passive income opportunity) Bitonic arranges less services associated with the crypto exchange operations: simplifies the buying and selling cryptos & tokens, and also: Merchant Services.
  • Coinbase supports 21 cryptocurrencies Bitonic is offering to exchange only one crypto (Bitonic supports 20 fewer cryptocurrencies).
  • 6 fiat currencies are available for buy- sell- operations at Coinbase You may choose from 1 fiat currency converting it to digital form on Bitonic (Bitonic backs 5 fiat currencies less).
  • Coinbase accepts the deposits from and allows fund to be withdrawn to 8 banks and (fiat) payment systems Bitonic presents a choice of 4 various fiat payment systems and/or banks (Bitonic has integrated with 4 banks and/or payment systems less).
  • The fees Coinbase charges: 1.0% — 3.99% Bitonic takes 0.0% commission, depending on the exchange direction, payment system, etc. (Bitonic has generally cheaper fees).
  • Coinbase's customers are rewarded with the gifts Bitonic neither presents gifts or offers a cashback (Bitonic & Coinbase the two of them approach the users with nearly the same (nice!) offerings).
  • The purchase limits at Coinbase are starting from $2.00 up to $5,000 The limits for deposit and withdrawal orders at the Bitonic are $1.06 — $2,647 depending on the specific payment method, etc. (Bitonic approves a higher deposit and withdrawal limits).
  • Coinbase allows users' registrations from 39 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the Bitonic being a resident of any of 4 countries; but users from United States are not allowed, sorry (Bitonic green-lights some less countries).
  • When the client needs to pass through the KYC process at Coinbase, they usually ask to provide 2 documents and / or specific procedures: ID or Passport Verification, Phone Number Confirmation (SMS or a call). In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at Bitonic typically involves 3 individual procedures: the ID Verification, Phone Number Confirmation, the Bank Account Verification. (Bitonic commonly ask a user to pass through the greater count of identification procedures).
  • As per our analysis of the community feedback, Coinbase currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds; the process is fully automated The actual Bitonic users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (Bitonic & Coinbase execute the deposits and withdrawals of crypto and fiat equally fast).
  • Our visitors shared 25 reviews about Coinbase, 96% of those are positive As of today, Bitonic gained 5 clients testimonials, 100% of these are positive (Bitonic is finer reviewed by the clients).

So, is Coinbase a better alternative to Bitonic? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Bitonic & Coinbase alike are sharing the same score: 100 (out of 100). Therefore both together should be of the matching quality. Nevertheless, we'd like to recommend Coinbase simply because we know it better!

Like reading? In fact, there are more exchanges worth comparing to Bitonic, such as:

Bitonic vs Kraken

A comparison of the key features and the principal facts about KRAKEN versus Bitonic; just take a glance to decide if Kraken will be the optimal choice for you or at least if it's worth checking our full study:

  • Kraken is a trading platform The way bitonic.nl website functions fits the broker format, it's also an exchange, but has slightly different business model (feel free to read details about the difference between trading platform and broker)
  • Kraken had launched the service July 2011 Bitonic started the project May 2012 (Kraken is operating for 9 months longer).
  • Kraken has all the business licenses and permissions, required by law Bitonic obtained all the required permissions, got licensed, etc. (both websites follow the same corporate model, almost an identical approach to the operational and legal matters, etc.).
  • Other than providing the services of buying, selling and exchanging cryptocurrency, Kraken provides some other exchange-related / financial services: Mobile wallet, OTC trading, Margin Trading, Futures Trading and the Staking, MasterNodes, etc. (passive income opportunity) Bitonic arranges less services associated with the crypto exchange operations: simplifies the buying and selling cryptos & tokens, and also: Merchant Services.
  • Kraken supports 35 cryptocurrencies Bitonic is offering to exchange only one crypto (Bitonic supports 34 fewer cryptocurrencies).
  • 7 fiat currencies are available for buy- sell- operations at Kraken You may choose from 1 fiat currency converting it to digital form on Bitonic (Bitonic backs 6 fiat currencies less).
  • Kraken accepts the deposits from and allows fund to be withdrawn to 10 banks and (fiat) payment systems Bitonic presents a choice of 4 various fiat payment systems and/or banks (Bitonic has integrated with 6 banks and/or payment systems less).
  • The fees Kraken charges: 0.25% — 3.75% Bitonic takes 0.0% commission, depending on the exchange direction, payment system, etc. (Bitonic has generally cheaper fees).
  • The purchase limits at Kraken are starting from $14.58 up to $365 The limits for deposit and withdrawal orders at the Bitonic are $1.06 — $2,647 depending on the specific payment method, etc. (Bitonic has lower buy & sell limits).
  • Kraken allows users' registrations from 234 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the Bitonic being a resident of any of 4 countries; but users from United States are not allowed, sorry (Bitonic green-lights some less countries).
  • According to our users feedback, the quality of customer care at the Kraken is 5.0 / 5.0 The score that our visitors assigned to customers' service at Bitonic happens to be 5.0 (Bitonic & Kraken are treating the customers nearly identically).
  • When the client needs to pass through the KYC process at Kraken, they usually ask to provide 2 documents and / or specific procedures: ID or Passport Verification, current Address Confirmation (utility bill, bank or credit card statement, etc.). In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at Bitonic typically involves 3 individual procedures: the ID Verification, Phone Number Confirmation, the Bank Account Verification. (Bitonic commonly ask a user to pass through the greater count of identification procedures).
  • As per our analysis of the community feedback, Kraken currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds; the process is fully automated The actual Bitonic users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (Bitonic & Kraken execute the deposits and withdrawals of crypto and fiat equally fast).
  • Our visitors shared 3 reviews about Kraken, 100% of those are positive As of today, Bitonic gained 5 clients testimonials, 100% of these are positive (Bitonic & Kraken managed to get the same percentage of positive feedback from their users).

So, is Kraken a better alternative to Bitonic? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Bitonic & Kraken alike are sharing the same score: 100 (out of 100). Therefore both together should be of the matching quality. Nevertheless, we'd like to recommend Kraken simply because we know it better!

Like reading? In fact, there are more exchanges worth comparing to Bitonic, such as:

Bitonic vs Changelly

A comparison of the key features and the principal facts about CHANGELLY versus Bitonic; just take a glance to decide if Changelly will be the optimal choice for you or at least if it's worth checking our full study:

  • Changelly is a broker The way bitonic.nl website functions fits the broker format, both following the same approach to the business.
  • Changelly had launched the service December 2013 Bitonic started the project May 2012 (Bitonic operated 1 years and 7 months longer).
  • Changelly is an ordinary business without financial licenses, etc. Bitonic obtained all the required permissions, got licensed, etc. (Bitonic 's approach to the business made it a safer and more stable solution).
  • Other than providing the services of buying, selling and exchanging cryptocurrency, Changelly provides no other services Bitonic allows a few more related services: simplifies the buying and selling cryptos & tokens, and also: Merchant Services.
  • Changelly supports 42 cryptocurrencies Bitonic is offering to exchange only one crypto (Bitonic supports 41 fewer cryptocurrencies).
  • 34 fiat currencies are available for buy- sell- operations at Changelly You may choose from 1 fiat currency converting it to digital form on Bitonic (Bitonic backs 33 fiat currencies less).
  • Changelly accepts the deposits from and allows fund to be withdrawn to 1 banks and (fiat) payment systems Bitonic presents a choice of 4 various fiat payment systems and/or banks (Bitonic suggests choosing from 3 fiat payment systems and banks more).
  • The fees Changelly charges: 7.25% Bitonic takes 0.0% commission, depending on the exchange direction, payment system, etc. (Bitonic has generally cheaper fees).
  • The purchase limits at Changelly are starting from $30.00 up to $12,000 The limits for deposit and withdrawal orders at the Bitonic are $1.06 — $2,647 depending on the specific payment method, etc. (Bitonic has lower buy & sell limits).
  • Changelly allows users' registrations from 242 countries; but unfortunately United States is not currently supported You are permitted to register at the Bitonic being a resident of any of 4 countries; but users from United States are not allowed, sorry (Bitonic green-lights some less countries).
  • According to our users feedback, the quality of customer care at the Changelly is 5.0 / 5.0 The score that our visitors assigned to customers' service at Bitonic happens to be 5.0 (Bitonic & Changelly are treating the customers nearly identically).
  • When the client needs to pass through the KYC process at Changelly, they usually ask to provide 2 documents and / or specific procedures: ID or Passport Verification, current Address Confirmation (utility bill, bank or credit card statement, etc.). The process of Customer Identification at Bitonic typically involves 3 individual procedures: the ID Verification, Phone Number Confirmation, the Bank Account Verification. (Bitonic may look slightly less attractive considering verification requirements for any trade, unalike Changelly, there are no exceptions).
  • As per our analysis of the community feedback, Changelly currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds; the process is fully automated The actual Bitonic users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (Bitonic & Changelly execute the deposits and withdrawals of crypto and fiat equally fast).
  • Our visitors shared 17 reviews about Changelly, 94% of those are positive As of today, Bitonic gained 5 clients testimonials, 100% of these are positive (Bitonic is finer reviewed by the clients).

So, is Changelly a better alternative to Bitonic? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the CHANGELLY exchange service got a lower rating at our platform: 84 versus 100 that Bitonic accomplished, our advice is either to go for Bitonic, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!

Like reading? In fact, there are more exchanges worth comparing to Bitonic, such as:

Bitonic vs Kuna

A comparison of the key features and the principal facts about KUNA versus Bitonic; just take a glance to decide if Kuna will be the optimal choice for you or at least if it's worth checking our full study:

  • Kuna is a trading platform The way bitonic.nl website functions fits the broker format, it's also an exchange, but has slightly different business model (feel free to read details about the difference between trading platform and broker)
  • Kuna had launched the service January 2016 Bitonic started the project May 2012 (Bitonic operated 3 years and 7 months longer).
  • Kuna is an ordinary business without financial licenses, etc. Bitonic obtained all the required permissions, got licensed, etc. (Bitonic 's approach to the business made it a safer and more stable solution).
  • Besides cryptocurrencies buying|selling, Kuna provides some other exchange-related / financial services: Cash codes Bitonic & Kuna both deliver the same number of services: simplifies the buying and selling cryptos & tokens, and also: Merchant Services.
  • Kuna supports 1 cryptocurrencies Bitonic is offering to exchange only one crypto (Bitonic & Kuna count the same number of electronic currencys).
  • 3 fiat currencies are available for buy- sell- operations at Kuna You may choose from 1 fiat currency converting it to digital form on Bitonic (Bitonic backs 2 fiat currencies less).
  • Kuna accepts the deposits from and allows fund to be withdrawn to 7 banks and (fiat) payment systems Bitonic presents a choice of 4 various fiat payment systems and/or banks (Bitonic has integrated with 3 banks and/or payment systems less).
  • The fees Kuna charges: 1.0% — 3.0% Bitonic takes 0.0% commission, depending on the exchange direction, payment system, etc. (Bitonic has generally cheaper fees).
  • The purchase limits at Kuna are starting from $1.00 up to $10,000 The limits for deposit and withdrawal orders at the Bitonic are $1.06 — $2,647 depending on the specific payment method, etc. (Bitonic has lower buy & sell limits).
  • Kuna allows users' registrations from 251 countries; but unfortunately United States is not currently supported You are permitted to register at the Bitonic being a resident of any of 4 countries; but users from United States are not allowed, sorry (Bitonic green-lights some less countries).
  • According to our users feedback, the quality of customer care at the Kuna is 5.0 / 5.0 The score that our visitors assigned to customers' service at Bitonic happens to be 5.0 (Bitonic & Kuna are treating the customers nearly identically).
  • Kuna allows the visitor to remain anonymous; there is nothing like the account verification, etc. The process of Customer Identification at Bitonic typically involves 3 individual procedures: the ID Verification, Phone Number Confirmation, the Bank Account Verification. (The users of kuna.io are allowed maintain their anonymity, meanwhile Bitonic won't tolerate that).
  • As per our analysis of the community feedback, Kuna currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds; the process is fully automated The actual Bitonic users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (Bitonic & Kuna execute the deposits and withdrawals of crypto and fiat equally fast).
  • Our visitors shared 4 reviews about Kuna, 100% of those are positive As of today, Bitonic gained 5 clients testimonials, 100% of these are positive (Bitonic & Kuna managed to get the same percentage of positive feedback from their users).

So, is Kuna a better alternative to Bitonic? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the KUNA exchange service got a lower rating at our platform: 84 versus 100 that Bitonic accomplished, our advice is either to go for Bitonic, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!

Like reading? In fact, there are more exchanges worth comparing to Bitonic, such as:

Conclusion: is Bitonic legit or scam?

Seems it's time to finalize the report, to make a judgment call. Is Bitonic a scam or is it a legitimate exchange? How secure the bitonic.nl website is? Can you trust Bitonic with your money? And (in our case) the most frequently asked question: Why the broker is not yet ranked at ExchangeRates.Pro? Let's start by answering the last question and, you'll see, the replies to the rest will follow. Can't wait? Help yourself jumping to the final verdict!

Why we hadn't yet ranked and fully listed BITONIC and what does it mean?

The routine for adding a new exchange, especially if it's a Broker, to ExchangeRates.Pro listing is rather a long process and it depends on few factors we don't control directly. Our approach to the process is «better be safe than sorry»; we already have 37 well-tested platforms providing similar to Bitonic functionality. 22 different exchange websites of broker type are among those and additionally, there are 4 peer-to-peer marketplaces. 9,199 exchange offers are available right away; these cover almost all the payment systems and local banks available in United States and North America for buying and selling BTC, cryptos, and tokens with , US Dollars, EURos, whatever. Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves. It takes time. Moreover, there are two circumstances that are out of our direct control:

  1. All the exchange services, most notably the broker type ones are staying in the "pending approval" state until we collect at least a few reviews from the genuine customers, the ones we can actually verify. In addition, we monitor the clients' testimonials at the trusted review platforms, social networks, etc., and postpone the approval until we find enough evidence that the broker has no unresolved complaints and there are enough convincing users recommendations.
  2. We receive the new applications daily and like over 90% are from the other Brokers. It consumes a lot of time to check each and every one; there's a large queue and we have to be selective when choosing which applications to process first.

Exceptions from these two rules may happen only in very rare extraordinary cases. As you can see, we move forward with listing new exchanges slowly and the queue for Brokers is the largest one, but as a consequence, only the best brokers are getting approved. Although we can't endorse Bitonic and hadn't rated it (in full) yet, we believe that it should get approval if we won't receive any complaints.

So is Bitonic a legit exchange or a fraud?

Bitonic's profile really impresses! The scores look just like the ones for proven industry leaders, the service is provided by a licensed and regulated financial company, there are some nice reviews from the real clients, we are fascinated! Should we add that it's definitely not a scam? We consider this broker to be listed among approved websites soon and can recommend you try it yourself; you shouldn't be disappointed! And please, don't forget to post a testimonial after your exchange will be completed.

Suggested rating for Bitonic: 100 / 100

Alternative solution: how to find the best rate to exchange BTC & crypto in United States and North America

There is another way of finding the most worthy alternative to Bitonic that will work best for you. What if instead of opposing the features of various exchanges we'll compare the terms of the specific offerings that all the marketplaces, brokers, dealers, and even individual exchangers provide? That's exactly what our platform does! We assist you in choosing the most appropriate deal considering:

  • The fees and rates provided at the moment by 21 exchange websites of a "Broker" type and 9,199 other offers.
  • BTC/ exchange rate at those or BTC/USD, etc; the availability of service for the residents of United States (and the support).
  • Which local banks & payment systems out of 154 serving US are the fastest, most convenient and cost-efficient personally for you.
  • Amount you need to swap: say, the conditions for exchanging 1.01 will be significantly different from the terms of $61,967.0 conversion.
  • And of course, you see the rating, users reviews (up-to-date 523 real clients testimonials), etc. for all the offers available!
Buying and Selling BTC in United States

Our platform could find 30 offers to buy, sell, exchange BTC available to users from United States, and 27 of these are for the US Dollar currency. There are totally 27 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as e-wallet, P2P Marketplace, Trading Platform, etc. 5 exchanges has active offers for these currencies right now; you can buy/sell using 13 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 12 local banking institutions and the payment systems. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Visa & Mastercard, payment system of the Credit/Debit Cards type. The most popular domestic options for purchasing BTC @ US:

Our software couldn't get an access to the data what's available at bitonic.nl for the clients from United States, however we are sure that you'll find a worthy alternative on one of 36 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 12 domestic banks supported. Besides, you may find something interesting browsing 9,199 offers available with 13 ways to pay internationally, either to neighboring countries in North America or to any other part of the world.