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Bitonic review & 5 testimonials (updated 09.2019)

Bitonic user interface: the home page in English

What is Bitonic in a nutshell? It's a trusted, respectable, well established, promising exchange service (broker) supporting 1 cryptocurrency: you can buy and sell coins using 1 fiat currency (3 banks & payment systems are supported). Exchange service started the business May 2012, it's a fully compliant, licensed financial company. Besides the cryptocurrencies exchange, Bitonic also provides other services, for example, Merchant Services.

The exchange charges low fees: 0.0% (according to our statistics, 100% exchanges take higher average fee) and has medium buying limits: $1 — $2,769 (in accordance with the statistics we've collected, 100% exchanges have higher order limits). This Broker welcomes customers from 46 countries (unfortunately, your country: United States is not supported at the moment; but there are good alternatives). Due to regulatory restrictions, US citizens and residents are not served by the exchange. According to the feedback from users, customer service is exceptional, 5 stars quality; the exchange is always instant! or so. You will have to verify your account (ID Verification, Phone Number Confirmation, Bank Account Verification should be normally required) before being able to use the service.

Since 2012, Bitonic has got some great testimonials from the customers: just our platform, that was recently launched, has 5 user reviews, 100% of those are positive. The majority of the users value the quality of the customer care, fast order processing, usability of the user interface, most of all. Our platform assigns the Bitonic 100/100 rating: it's the perfect, an ideal result, only few competitors have such a high rating! For example, BTCBIT and MagneticExchange are ranked below.

Based on all these facts, our verdict is the following: Bitonic is a legit and perfectly safe place to buy and sell Bitcoins, almost an ideal exchange with great feedback we can recommend to our dear visitors!

Overview: is Bitonic safe?

Bitonic is the Broker; Bitonic B.V. (dba Bitonic) started the business in May 2012. The company is based in the Netherlands with the headquarters located in the Baarn. Official Bitonic address is Oude Utrechtseweg 17C 3743 KN.

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. Jun 28th, 2019 at 11:00 the company reported to sell 400,000th Bitcoin: a serious milestone for the Netherlands & Belgium!

Answering the question how safe is Bitonic:

Bitonic is perfectly safe! 100/100 rating is really hard to get, only a few competing services have such a high rating! Let's break down how the Bitonic exchange got such a rating.
Time in the business: 7 years 6 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

Overall rating for Bitonic: 100 / 100

Pros & Cons of Bitonic

Since Bitonic is rated as one of the best exchanges in the world by our visitors, there should be many strong sides clients admire and probably some downsides anyway. Let's check it out:

  • It's very stable and reliable exchange service operating from 2012.05. Fully compliant and regulated business, service provided by licensed financial company.
  • Bitonic earned perfect testimonials from the clientele.
  • Lightning-fast orders processing, according to customers feedback.
  • Perfect customer care quality; customers admire it!
  • Easy and user-friendly interface, newbies won't be lost here!
  • Only 1 digital currencies and 1 fiat ones are supported. Just a 3 payment systems and banks are supported. Another downside is that this exchange does't allow crypto-to-crypto swaps.
  • Many countries are not supported, please check if yours is in this list before registering!

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at Bitonic! Try Bitonic today and let us know how you like it!

Services, Bitonic 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
  • Provides merchant services (accepting cryptocurrency at e-stores, etc.)

So Bitonic is something bigger than just a place to exchange digital currency. According to our statistics, 98% of the competition provide less services, many just allow the buying and selling, so this broker is among the champions in this field!

Currencies & Payment Systems

Bitonic 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: Most popular cryptocurrencies 2019 to invest.

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

  • SEPA Transfer. An international payment system (it's available in 46 countries) allowing international bank transfers payments in Euro currency. Just the EUR payments are available for selling cryptocurrency to fiat solely; at the time you can't buy crypto using this payment method here. SEPA Transfer is a popular way to buy BTC and other cryptocurrencies available at 66 exchanges of various types. You are welcome to find the best rate for buying bitcoin with sepa transfer at our home page!
  • Bancontact. A local bank (serving Belgium) in Euro currency. Just the EUR payments are available for purchasing cryptos at the exchange.
  • iDEAL. A local bank (serving Netherlands) in Euro currency. Just the EUR payments are available for purchasing cryptos at the exchange.

Bitonic 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:
    • 0% when you pay money using Bancontact in Euro.
    • 0% when you pay money using MyBank in Euro.
    • 0% when you are receiving funds to SEPA Transfer in Euro.
    • 0% when you pay money using iDEAL in Euro.
  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 Bitonic fees high or low?

Now it's time to draw a conclusion: Bitonic takes very low fees! According to our statistics, the majority of the competition charge way more than Bitonic does! For example, an average fee you pay to buy Bitcoin with Bancontact in EUR across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 1%, Bitonic charges 0 EUR 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).
    • €10 minimal buy and €2,500 max purchase when using Bancontact in Euro.
    • €1 minimal buy and €2,500 max purchase when using MyBank in Euro.
    • €10 minimal buy and €20,000 max purchase when using iDEAL in Euro.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • €10 min and €100,000 maximal withdrawal when receiving money to SEPA Transfer in Euro.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) Bitonic supports! Comparing to other exchanges, Bitonic has medium buying and selling limits; it's rather convenient, although there are some other ones with higher max.

Supported countries

Platform allows the users from 46 countries to use the exchange. The following countries are supported by the broker:

  • Aland Islands (AX)
  • Andorra (AD)
  • Austria (AT)
  • Belgium (BE)
  • Bulgaria (BG)
  • Croatia (HR)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Denmark (DK)
  • Estonia (EE)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • Germany (DE)
  • Gibraltar (GI)
  • Greece (GR)
  • Guadeloupe (GP)
  • Hungary (HU)
  • Iceland (IS)
  • Ireland (IE)
  • Italy (IT)
  • Latvia (LV)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Malta (MT)
  • Martinique (MQ)
  • Mayotte (YT)
  • Monaco (MC)
  • Netherlands (NL)
  • Norway (NO)
  • Poland (PL)
  • Portugal (PT)
  • Romania (RO)
  • Réunion (RE)
  • San Marino (SM)
  • Slovakia (SK)
  • Slovenia (SI)
  • Spain (ES)
  • St. Barthélemy (BL)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • Sweden (SE)
  • Switzerland (CH)
  • United Kingdom (GB)
  • Vatican City (VA)

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

USA flag

Sorry, but the Bitonic can't provide the services to the citizens and residents of the United States of America at this time, due to the local regulations and licensing matters, etc. But there are no reasons to get disappointed because of that, there are plenty of great exchanges as well as the ones of Broker type, who warmly welcomes the American people! We can recommend you to look at these:

Customer service

According to the community and the exchange users' testimonials, Bitonic provides an excellent, exceptional quality customers support! The analysis of reviews is the following:

Perfect: 1 votes
Good: 0 votes
Average: 0 votes
Not so good: 0 votes
Poor: 0 votes

Verification at Bitonic

The broker 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 buy and sell on the exchange:

  • ID verification
  • Phone confirmation
  • A bank account verification (if you wish to use this payment method)

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.

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

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

Deposit/withdrawal speed

Although according to the data we have, the process of exchange is fully automated on this broker, you may face some delay when you send the money "outside", i.e. say you are withdrawing the BTC you purchased to your personal wallet. Let's see what other cryptocurrency enthusiasts say about how fast is Bitonic!

Exchange is instant, zero delay: 1 votes
It's near instant, process takes less than 5 minutes: 0 votes
Order should be ready in 5-15 mins: 0 votes
It may take up to an hour to get your funds: 0 votes
Orders are completed during few hours: 0 votes
It takes up to 24 hours to get your money: 0 votes
Exchange may take a few days: 0 votes
The delay can be over a week: 0 votes

Is Bitonic instant?

So, what can we see? According to the feedback we got from other users of this broker worldwide, Bitonic is instant: money arrives right after you order it all the time. That's great to know!

Customers' testimonials

Our users left 5 testimonials about their experience dealing with Bitonic, 100% of the testimonials are positive, 0% are neutral and there are 0 negative ones. Feel free to read as many of these as you like!

JohnS., 1 testimonials
@ 19 Sep 2019
ItsMeG., 3 testimonials
@ 16 Sep 2019
StickyF., 2 testimonials
@ 14 Sep 2019
50C., 7 testimonials
@ 13 Sep 2019
SatoshiN., 71 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!

Overall result if great! 100% positive testimonials is something the business owners are very proud of, such a rating is hard to get and even harder to maintain! It means the community really trusts and likes the Bitonic services, so most likely, you'd enjoy it too!

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?

According to our rating and the clients' testimonials, it is! Feel free to get acquainted with the details reading this review or just jump to the conclusion!

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

Although Bitonic B.V. (registered name of company operating Bitonic exchange)holds no special licenses, it fully complies with the regulation in Netherlands; no license is required there to run such a business.

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?

It definitely isn't! Feel free to read the whole this review to understand why or check our conclusion: is Bitonic legit or scam.

Bitonic vs other exchanges

Let's compare Bitonic 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!

Bitonic vs 1-online

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

  • 1-online is a broker Bitonic is a broker, both are using the same business model.
  • 1-online had started the business February 2017 Bitonic started the business May 2012 (Bitonic operates 4 years and 9 months longer).
  • 1-online operates without a business registration or there is no information available about it Bitonic has all the required business licenses and permissions (Bitonic utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, 1-online provides no extra services Bitonic provides more exchange-related services: it allows us to purchase and sell digital currencies, and besides that: Merchant Services.
  • 1-online supports 10 cryptocurrencies Bitonic allows to exchange 1 cryptos (Bitonic supports 9 cryptocurrencies less).
  • 3 fiat currencies are available at 1-online You'll be able to use 1 fiat currencies to swap with digital ones at Bitonic (Bitonic supports 2 fiat currencies less).
  • 1-online accepts deposits from and allows withdrawals to 23 fiat payment systems / banks Bitonic allows the user to utilize 3 various fiat payment systems and/or banks (Bitonic supports 20 banks and fiat payment systems less).
  • 1-online charges 2% — 29% fee Bitonic charges the client 0.0% fee, depending on the currency, payment system, etc. (Bitonic has lower fees in general).
  • Buying limits at 1-online start from $229 and are up to $9,018 Deposit/withdraw limits at Bitonic are $1 — $2,769 depending on the payment method (Bitonic has lower buying/selling limits).
  • 1-online allows registrations from 255 countries; United States is among the supported ones You may register at Bitonic if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitonic supports less countries).
  • 1-online allows the user to be anonymous, there is no account verification, etc. User identification at Bitonic usually consists of 3 different procedures: id verification, phone confirmation, a bank account verification (Bitonic 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 2 testimonials about 1-online, 100% of which are positive We've collected 5 users testimonials about Bitonic, 100% are positive (Bitonic & 1-online share the same percentage of positive user reviews).

Although the final decision, which exchange — 1-online or Bitonic — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Bitonic has a better total rating 100 vs 1-online's 87, 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:

Bitonic vs 100BTC.kiev

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

  • 100BTC.kiev is a broker Bitonic is a broker, both are using the same business model.
  • 100BTC.kiev had started the business April 2016 Bitonic started the business May 2012 (Bitonic operates 3 years and 11 months longer).
  • 100BTC.kiev operates without a business registration or there is no information available about it Bitonic has all the required business licenses and permissions (Bitonic utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, 100BTC.kiev provides no extra services Bitonic provides more exchange-related services: it allows us to purchase and sell digital currencies, and besides that: Merchant Services.
  • 100BTC.kiev supports 6 cryptocurrencies Bitonic allows to exchange 1 cryptos (Bitonic supports 5 cryptocurrencies less).
  • 1 fiat currencies are available at 100BTC.kiev You'll be able to use 1 fiat currencies to swap with digital ones at Bitonic (Bitonic & 100BTC.kiev support the same number of fiat currencys).
  • 100BTC.kiev accepts deposits from and allows withdrawals to 7 fiat payment systems / banks Bitonic allows the user to utilize 3 various fiat payment systems and/or banks (Bitonic supports 4 banks and fiat payment systems less).
  • 100BTC.kiev charges 1% fee Bitonic charges the client 0.0% fee, depending on the currency, payment system, etc. (Bitonic has lower fees in general).
  • Buying limits at 100BTC.kiev start from $67 and are up to $9,905 Deposit/withdraw limits at Bitonic are $1 — $2,769 depending on the payment method (Bitonic has lower buying/selling limits).
  • 100BTC.kiev allows registrations from 255 countries; United States is among the supported ones You may register at Bitonic if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitonic supports less countries).
  • 100BTC.kiev allows the user to be anonymous, there is no account verification, etc. User identification at Bitonic usually consists of 3 different procedures: id verification, phone confirmation, a bank account verification (Bitonic 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — 100BTC.kiev or Bitonic — 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:

Bitonic vs 100monet

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

  • 100monet is a broker Bitonic is a broker, both are using the same business model.
  • 100monet had started the business December 2014 Bitonic started the business May 2012 (Bitonic operates 2 years and 7 months longer).
  • 100monet operates without a business registration or there is no information available about it Bitonic has all the required business licenses and permissions (Bitonic utilizes a safer and more stable business model).
  • Besides buying, selling and exchanging cryptocurrencies, 100monet provides no extra services Bitonic provides the same number of services as 100monet: it allows us to purchase and sell digital currencies, and besides that: Merchant Services.
  • 100monet supports 3 cryptocurrencies Bitonic allows to exchange 1 cryptos (Bitonic supports 2 cryptocurrencies less).
  • 3 fiat currencies are available at 100monet You'll be able to use 1 fiat currencies to swap with digital ones at Bitonic (Bitonic supports 2 fiat currencies less).
  • 100monet accepts deposits from and allows withdrawals to 8 fiat payment systems / banks Bitonic allows the user to utilize 3 various fiat payment systems and/or banks (Bitonic supports 5 banks and fiat payment systems less).
  • 100monet charges 0% — 13% fee Bitonic charges the client 0.0% fee, depending on the currency, payment system, etc. (Bitonic has lower fees in general).
  • Buying limits at 100monet start from $1,000 and are up to $15,000 Deposit/withdraw limits at Bitonic are $1 — $2,769 depending on the payment method (Bitonic has lower buying/selling limits).
  • 100monet allows registrations from 255 countries; United States is among the supported ones You may register at Bitonic if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitonic supports less countries).
  • Our visitors rated customer care at the 100monet 5.0 / 5.0 Customers' service at Bitonic exchange was rated 5.0 / 5.0 by our visitors (Bitonic & 100monet provide the equal quality of customer support).
  • 100monet allows the user to be anonymous, there is no account verification, etc. User identification at Bitonic usually consists of 3 different procedures: id verification, phone confirmation, a bank account verification (Bitonic 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, 100monet process deposit/withdrawal orders in about about 5-15 mins Due to results of community feedback, Bitonic process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated (Bitonic processes deposits and withdrawals faster
  • Our users left 6 testimonials about 100monet, 83% of which are positive We've collected 5 users testimonials about Bitonic, 100% are positive (Bitonic has better testimonials from the clients

Although the final decision, which exchange — 100monet or Bitonic — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Bitonic has a better total rating 100 vs 100monet's 73, 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:

Bitonic vs BTCBIT

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

  • BTCBIT is a broker Bitonic is a broker, both are using the same business model.
  • BTCBIT had started the business May 2017 Bitonic started the business May 2012 (Bitonic operates 5 years and 0 months longer).
  • BTCBIT has all the required business licenses and permissions Bitonic has all the required business licenses and permissions (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying and selling cryptocurrencies, BTCBIT provides no extra services Bitonic provides more exchange-related services: it allows us to purchase and sell digital currencies, and besides that: Merchant Services.
  • BTCBIT supports 10 cryptocurrencies Bitonic allows to exchange 1 cryptos (Bitonic 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 Bitonic (Bitonic supports 8 fiat currencies less).
  • BTCBIT accepts deposits from and allows withdrawals to 7 fiat payment systems / banks Bitonic allows the user to utilize 3 various fiat payment systems and/or banks (Bitonic supports 4 banks and fiat payment systems less).
  • BTCBIT charges 3% — 15% fee Bitonic charges the client 0.0% fee, depending on the currency, payment system, etc. (Bitonic has lower fees in general).
  • Buying limits at BTCBIT start from $50 and are up to $10,000 Deposit/withdraw limits at Bitonic are $1 — $2,769 depending on the payment method (Bitonic has lower buying/selling limits).
  • BTCBIT allows registrations from 221 countries; United States is among the supported ones You may register at Bitonic if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitonic supports less countries).
  • BTCBIT allows the user to be anonymous, there is no account verification, etc. User identification at Bitonic usually consists of 3 different procedures: id verification, phone confirmation, a bank account verification (Bitonic 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, BTCBIT process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated Due to results of community feedback, Bitonic process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated (Bitonic & BTCBIT process the deposits and withdrawals with equal speed).
  • Our users left 8 testimonials about BTCBIT, 100% of which are positive We've collected 5 users testimonials about Bitonic, 100% are positive (Bitonic & BTCBIT share the same percentage of positive user reviews).

Although the final decision, which exchange — BTCBIT or Bitonic — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Bitonic has a better total rating 100 vs BTCBIT's 96, 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:

Bitonic vs MagneticExchange

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

  • MagneticExchange is a broker Bitonic is a broker, both are using the same business model.
  • MagneticExchange had started the business May 2011 Bitonic started the business May 2012 (MagneticExchange is working for 1 years and 0 months longer time).
  • MagneticExchange is an ordinary company without licenses, etc. Bitonic has all the required business licenses and permissions (Bitonic utilizes a safer and more stable business model).
  • Besides buying, selling and exchanging cryptocurrencies, MagneticExchange provides no extra services Bitonic provides the same number of services as MagneticExchange: it allows us to purchase and sell digital currencies, and besides that: Merchant Services.
  • MagneticExchange supports 6 cryptocurrencies Bitonic allows to exchange 1 cryptos (Bitonic supports 5 cryptocurrencies less).
  • 5 fiat currencies are available at MagneticExchange You'll be able to use 1 fiat currencies to swap with digital ones at Bitonic (Bitonic supports 4 fiat currencies less).
  • MagneticExchange accepts deposits from and allows withdrawals to 18 fiat payment systems / banks Bitonic allows the user to utilize 3 various fiat payment systems and/or banks (Bitonic supports 15 banks and fiat payment systems less).
  • MagneticExchange charges 1% — 18% fee Bitonic charges the client 0.0% fee, depending on the currency, payment system, etc. (Bitonic has lower fees in general).
  • Buying limits at MagneticExchange start from $7 and are up to $9,960 Deposit/withdraw limits at Bitonic are $1 — $2,769 depending on the payment method (Bitonic 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 Bitonic if you reside in one of 46 countries; unfortunately, United States is not among the supported ones (Bitonic supports less countries).
  • During the account verification MagneticExchange usually asks for 1 document / procedure: (id verification) User identification at Bitonic usually consists of 3 different procedures: id verification, phone confirmation, a bank account verification (Bitonic 's KYC policy requires the customer to take less actions or to provide less data).
  • Due to results of community feedback, MagneticExchange process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated Due to results of community feedback, Bitonic process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay; everything is automated (Bitonic & MagneticExchange process the deposits and withdrawals with equal speed).
  • Our users left 7 testimonials about MagneticExchange, 100% of which are positive We've collected 5 users testimonials about Bitonic, 100% are positive (Bitonic & MagneticExchange share the same percentage of positive user reviews).

Although the final decision, which exchange — MagneticExchange or Bitonic — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although Bitonic has a better total rating 100 vs MagneticExchange's 95, 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 Bitonic legit or scam?

Now it's time to draw a conclusion, is Bitonic a scam or is it a legit exchange? We are 100% sure Bitonic is a trusted, legit exchange with great reputation in the community. There is no way it can be called a scam! Let's summarize what we like most (and what we don't) about the Bitonic:

  • It is licensed, regulatory compliant financial company
  • The broker doesn't hold customers' funds, instantly delivering monies to your wallet
  • This company has being in the business for a long time; exchange was started 7 years and 6 months ago
  • Exchange supports only 1 cryptocurrencies and just 1 fiat ones (totally 3 payment systems / banks are available). Besides buying, selling and exchanging digital currencies, the following services are available: Merchant Services
  • It charges low fees: 0.0%
  • The purchase and withdrawal limits are medium: from $1 to $2,769 USD, it depends on a payment system choice
  • Bitonic accepts the clients from 46 countries; unfortunately, users from United States are not permitted to use the service
  • Clients' testimonials are perfect, 100% (5 out of 5) note their positive experience dealing with Bitonic. According to the customers feedback:
    • Customer support is great
    • Deposits and withdrawals are instant

Overall rating for Bitonic: 100 / 100