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BTCBIT review & 8 testimonials for btcbit.net (01.2020)

BTCBIT user interface: the home page in English

What is BTCBIT in a nutshell? It's a trusted, respectable, well established, promising exchange service (broker) supporting some popular crypto: you can exchange these using the website. Exchange service started the business May 2017, it's a fully compliant, licensed financial company.

This Broker welcomes customers from 221 countries (including your country: United States!). It serves the US and allows registrations from 50 states and territories. According to the feedback from users, customer service is below average; although the exchange is always instant or so. Depending on the order details, you may need to verify your account to exchange crypto on this Broker.

Since 2017, BTCBIT has got some great testimonials from the customers: just our platform, that was recently launched, has 8 user reviews, 100% of those are positive. The majority of the users value the fast order processing, usability of the user interface, most of all. Our platform assigns the BTCBIT 100/100 rating: it's the perfect, an ideal result, only few competitors have such a high rating! For example, Coinbase and Changelly are ranked below.

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

Overview: is BTCBIT safe?

BTCBIT is the Broker; BTCBIT Sp. z o.o. (dba BTCBIT) started the business in May 2017. The company is based in the Poland with the headquarters located in the Krakow. Official BTCBIT address is Ul. Gesia 8 - 205, 31-535. The firm is a licensed MSB, regulated by the Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority); it holds the Money Transmission license.

BTCBIT CEO is Jevgenijs Podbrezskis.

Although the company is based in Poland, it has operational offices in Latvia and Estonia.

Answering the question how safe is BTCBIT:

BTCBIT 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 BTCBIT exchange got such a rating.
Time in the business: 3 years 1 months
Feedback count: 8
Reviews: 8 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant
Order Speed: instant
Support Quality: unknown
Verification Speed: unknown
UI Usability: good

Overall rating for BTCBIT: 100 / 100

Pros & Cons of BTCBIT

Since BTCBIT 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 2017.05. Fully compliant and regulated business, service provided by licensed financial company.
  • Btcbit earned perfect testimonials from the clientele.
  • A lot of countries are supported! Feel free to check if your country is allowed to register an account.
  • Lightning-fast orders processing, according to customers feedback.
  • Easy and user-friendly interface, newbies won't be lost here!
  • Exchange broker provides no other services besides the buy/sell/exchange crypto.

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

Services, BTCBIT Provides

The platform provides the following cryptocurrency exchange-related services:

  • Helps the visitors to exchange the electronic currencies.

As we can see, BTCBIT doesn't provide any services besides the cryptocurrency exchange, althought it's safe to say that it does it better than many competitors!

Currencies & Payment Systems

BTCBIT 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: Top 10 cryptocurrencies to invest to invest in 2020.

BTCBIT fees

Unfortunately, the integration data from BTCBIT is missing, seems that there are some technical issues preventing our bot to crawl the information. We are sorry, but we can't analyze the fees without an access to the data feed, although you can check everything by yourself at the exchange website.

Buying and selling limits

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

We are sorry, but at the moment the data feed from BTCBIT is missing, so we can't provide you with this information. Please don't hesitate to either check by yourself at their website or just come back later!

Supported countries

Platform allows the users from 221 countries to use the exchange. The following countries are supported by the broker:

  • Aland Islands (AX)
  • Albania (AL)
  • 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)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Burundi (BI)
  • 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)
  • 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)
  • 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)
  • 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)
  • 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)
  • India (IN)
  • Indonesia (ID)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kyrgyzstan (KG)
  • Laos (LA)
  • Latvia (LV)
  • Lesotho (LS)
  • Liberia (LR)
  • 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)
  • Niue (NU)
  • Norfolk Island (NF)
  • Northern Mariana Islands (MP)
  • Norway (NO)
  • Palau (PW)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Réunion (RE)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Samoa (WS)
  • San Marino (SM)
  • São Tomé & Príncipe (ST)
  • 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)
  • 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)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • 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)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Zambia (ZM)
  • Zimbabwe (ZW)

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

USA flag

Yes, BTCBIT allows the registrations from the United States! Broker permits the users from 50 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)
  • Delaware (DE)
  • District of Columbia (DC)
  • Florida (FL)
  • Guam (GU)
  • 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)
  • 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)
  • West Virginia (WV)
  • Wisconsin (WI)
  • Wyoming (WY)

Americans are welcome to exchange various cryptos that are supported by the broker.

Please visit the exchange's website to check the offers that are currently active!

Customer service

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

Verification at BTCBIT

The broker may require the customers to pass through the user identification (account verification) process. BTCBIT may require you to verify some information about your identity; the details depend on order amount, exchange direction, payment systems used, etc.

You'll see all the details during an order creation.

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

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

Deposit/withdrawal speed

BTCBIT processes orders (at least, some of them) "manually" i.e. with the participation of a human operator. Hence it's critically important to know how fast the staff operates, let us show you what statistics we collected about the speed of this exchange service!

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 BTCBIT instant?

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

Customers' testimonials

Our users left 8 testimonials about their experience dealing with BTCBIT, 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!

BigN., 2 testimonials
@ 10 Jan 2020
SantaCruz, 4 testimonials
@ 25 Dec 2019
Axio, 2 testimonials
@ 23 Sep 2019
EmperorS., 4 testimonials
@ 19 Sep 2019
MobbD., 1 testimonials
@ 14 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 BTCBIT, 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 BTCBIT services, so most likely, you'd enjoy it too!

FAQ about BTCBIT

Does BTCBIT 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 BTCBIT 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 BTCBIT licensed? Does it hold e-money license?

Yes, BTCBIT Sp. z o.o. (entity doing business as BTCBIT exchange) is licenced and regulated financial company. It holds Money Transmission license and is regulated by the Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority) of the Poland.

Is BTCBIT a ripoff?

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

BTCBIT vs other exchanges

Let's compare BTCBIT 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!

BTCBIT vs Zank

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

  • Zank is a broker BTCBIT is a broker, both are using the same business model.
  • Zank had started the business July 2018 BTCBIT started the business May 2017 (BTCBIT operates 1 years and 1 months longer).
  • Zank has all the required business licenses and permissions BTCBIT 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, Zank provides no extra services BTCBIT provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 5 fiat currencies are available at Zank BTCBIT doesn't allow to use any fiat currencies (BTCBIT supports 5 fiat currencies less).
  • Zank accepts deposits from and allows withdrawals to 21 fiat payment systems / banks BTCBIT doesn't support fiat payments in any form (BTCBIT supports 21 banks and fiat payment systems less).
  • Zank allows registrations from 254 countries; we are sorry, but United States is not supported this time You may register at BTCBIT if you reside in one of 221 countries; it serves United States among others (BTCBIT supports less countries).
  • 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 BTCBIT usually consists of some (it depends) different procedures (BTCBIT 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, Zank process deposit/withdrawal orders in about in couple of minutes (although the exchange is instant) Due to results of community feedback, BTCBIT process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (BTCBIT processes deposits and withdrawals faster
  • Our users left 12 testimonials about Zank, 100% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT & Zank share the same percentage of positive user reviews).

Although the final decision, which exchange — Zank or BTCBIT — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although BTCBIT has a better total rating 100 vs Zank's 93, 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:

BTCBIT vs Bit4Sale

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

  • Bit4Sale is a broker BTCBIT is a broker, both are using the same business model.
  • Bit4Sale had started the business August 2018 BTCBIT started the business May 2017 (BTCBIT operates 1 years and 2 months longer).
  • Bit4Sale has all the required business licenses and permissions BTCBIT 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, Bit4Sale provides no extra services BTCBIT provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 14 fiat currencies are available at Bit4Sale BTCBIT doesn't allow to use any fiat currencies (BTCBIT supports 14 fiat currencies less).
  • Bit4Sale accepts deposits from and allows withdrawals to 8 fiat payment systems / banks BTCBIT doesn't support fiat payments in any form (BTCBIT supports 8 banks and fiat payment systems less).
  • Bit4Sale allows registrations from 255 countries; United States is among the supported ones You may register at BTCBIT if you reside in one of 221 countries; it serves United States among others (BTCBIT supports less countries).
  • During the account verification Bit4Sale 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 BTCBIT usually consists of some (it depends) different procedures (BTCBIT 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, Bit4Sale process deposit/withdrawal orders in about in couple of minutes (although the exchange is instant) Due to results of community feedback, BTCBIT process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (BTCBIT processes deposits and withdrawals faster
  • Our users left 3 testimonials about Bit4Sale, 100% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT & Bit4Sale share the same percentage of positive user reviews).

Although the final decision, which exchange — Bit4Sale or BTCBIT — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although BTCBIT has a better total rating 100 vs Bit4Sale's 92, 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:

BTCBIT vs ObmenOM

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

  • ObmenOM is a broker BTCBIT is a broker, both are using the same business model.
  • ObmenOM had started the business July 2015 BTCBIT started the business May 2017 (ObmenOM is working for 1 years and 10 months longer time).
  • ObmenOM operates without a business registration or there is no information available about it BTCBIT has all the required business licenses and permissions (BTCBIT utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, ObmenOM provides no extra services BTCBIT provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 4 fiat currencies are available at ObmenOM BTCBIT doesn't allow to use any fiat currencies (BTCBIT supports 4 fiat currencies less).
  • ObmenOM accepts deposits from and allows withdrawals to 6 fiat payment systems / banks BTCBIT doesn't support fiat payments in any form (BTCBIT supports 6 banks and fiat payment systems less).
  • ObmenOM allows registrations from 255 countries; United States is among the supported ones You may register at BTCBIT if you reside in one of 221 countries; it serves United States among others (BTCBIT supports less countries).
  • ObmenOM allows the user to be anonymous, there is no account verification, etc. User identification at BTCBIT usually consists of some (it depends) different procedures (BTCBIT 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, ObmenOM process deposit/withdrawal orders in about about 5-15 mins Due to results of community feedback, BTCBIT process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (BTCBIT processes deposits and withdrawals faster
  • Our users left 2 testimonials about ObmenOM, 100% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT & ObmenOM share the same percentage of positive user reviews).

Although the final decision, which exchange — ObmenOM or BTCBIT — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although BTCBIT has a better total rating 100 vs ObmenOM's 90, 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:

BTCBIT vs Coinbase

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

  • Coinbase is a e-wallet BTCBIT is a broker, it has a different business model (feel free to read about the differences between e-wallet and broker)
  • Coinbase had started the business June 2012 BTCBIT started the business May 2017 (Coinbase is working for 4 years and 11 months longer time).
  • Coinbase has all the required business licenses and permissions BTCBIT 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, Coinbase provides the following extra services: ATM Cards and the Merchant Services BTCBIT provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 6 fiat currencies are available at Coinbase BTCBIT doesn't allow to use any fiat currencies (BTCBIT supports 6 fiat currencies less).
  • Coinbase accepts deposits from and allows withdrawals to 4 fiat payment systems / banks BTCBIT doesn't support fiat payments in any form (BTCBIT supports 4 banks and fiat payment systems less).
  • Coinbase allows registrations from 39 countries; United States is among the supported ones You may register at BTCBIT if you reside in one of 221 countries; it serves United States among others (BTCBIT 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 BTCBIT usually consists of some (it depends) different procedures (BTCBIT 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, Coinbase 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, BTCBIT process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (BTCBIT & Coinbase process the deposits and withdrawals with equal speed).
  • Our users left 22 testimonials about Coinbase, 95% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT has better testimonials from the clients

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

BTCBIT vs Changelly

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

  • Changelly is a broker BTCBIT is a broker, both are using the same business model.
  • Changelly had started the business December 2013 BTCBIT started the business May 2017 (Changelly is working for 3 years and 4 months longer time).
  • Changelly has all the required business licenses and permissions BTCBIT 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 the digital currencies exchange, Changelly provides no extra services BTCBIT provides the same number of services as Changelly: 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 BTCBIT if you reside in one of 221 countries; it serves United States among others (BTCBIT supports less countries).
  • Changelly allows the user to be anonymous, there is no account verification, etc. User identification at BTCBIT usually consists of some (it depends) different procedures (BTCBIT 's compliance program requires the client to take more actions or to provide more data).
  • Due to results of community feedback, Changelly process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay Due to results of community feedback, BTCBIT process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (BTCBIT & Changelly process the deposits and withdrawals with equal speed).
  • Our users left 17 testimonials about Changelly, 94% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT has better testimonials from the clients

Although the final decision, which exchange — Changelly or BTCBIT — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although BTCBIT has a better total rating 100 vs Changelly's 94, 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 BTCBIT legit or scam?

Now it's time to draw a conclusion, is BTCBIT a scam or is it a legit exchange? We are 100% sure BTCBIT 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 BTCBIT:

  • 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 3 years and 1 months ago
  • BTCBIT allows registrations from 221 countries; people from United States may use the service
  • Clients' testimonials are perfect, 100% (8 out of 8) note their positive experience dealing with BTCBIT. According to the customers feedback:
    • Deposits and withdrawals are instant

Overall rating for BTCBIT: 100 / 100