Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 326 Exchanges: 309 Offers:
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BTCBIT review & 8 testimonials (updated 09.2019)

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 10 cryptocurrencies: you can buy and sell coins using 9 fiat currencies (7 banks & payment systems are supported). Exchange service started the business May 2017, it's a fully compliant, licensed financial company.

This service works with a number of currencies, banks, and payment systems. Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here. Based on this number (7.67%) we may say that BTCBIT charges very high fees: 3% — 16% (according to our statistics, 92% exchanges offer lower average fee) and has the high purchase limits available: $50 — $10,000 (in accordance with the statistics we've collected, 90% exchanges allow lower limits for orders). 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. You won't need to verify your account to use the services of the Broker, BTCBIT accepts and welcomes anonymous customers!

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 96/100 rating: it's the great result, higher than 99% of the competition! For example, Coinbase and XMLGold are ranked below, although Wirex (100/100) has better rank among our community members.

Based on all these facts, our verdict is the following: BTCBIT is a legit and perfectly safe place to buy and sell cryptocurrencies, 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 definitely safe! 96/100 rating is rather hard to get, 99% exchanges have lower rating! Let's break down how the BTCBIT exchange got such a rating.
Time in the business: 2 years 6 months
Feedback count: 8
Reviews: 8 positive, 0 negative, 0 neutral
Business model: licensed, fully compliant
Order Speed: instant
Support Quality: unknown
UI Usability: good

Overall rating for BTCBIT: 96 / 100

Pros & Cons of BTCBIT

Since BTCBIT is rated very highly by our visitors, it should have a lot of strong sides and just a few downsides. Let's check it out:

  • Reliable, trusted Broker; 2 years, 6 months in the business. Fully compliant and regulated business, service provided by licensed financial company.
  • Btcbit earned perfect testimonials from the clientele.
  • BTCBIT allows anonymous customers, there is no verification required for all the exchange directions.
  • 10 digital currencies and 9 fiat ones are supported: definitely a good choice! 7 payment systems and banks are supported, both international and national ones: Visa & Mastercard, Any Local Bank, Advanced Cash, etc.
  • High purchase and withdrawal limits.
  • The fees are rather high.

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:

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

As we can see, 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 buying and selling 10 digital currencies using fiat currencies. The following cryptocurrencies are available to buy/sell: Cardano (ADA), Bitcoin Cash (BCHABC), Bitcoin (BTC), Dash (DASH), Ether Classic (ETC), Ether (ETH), Litecoin (LTC), Stellar (XLM), Ripple (XRP), Zcash (ZEC).

There are not much exchanges with so many cryptos supported! 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.

9 fiat currencies are supported to provide crypto purchase and selling: Armenian Dram (AMD), Belarusian Ruble (BYN), Euro (EUR), Pound Sterling (GBP), Kazakhstani Tenge (KZT), Russian Ruble (RUB), Turkish Lira (TRY), Ukrainian Hryvna (UAH), US Dollar (USD). The Broker will let you buy and sell Bitcoins and 9 other cryptos using the following payment systems:

  • Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. USD, UAH, GBP, BYN, TRY, RUB, KZT, AMD and EUR payments are available for both buying and selling cryptocurrencies at this exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 78 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
  • Any Local Bank. An universal payment method, allowing payments from/to all the banks in various currencies. BTCBIT has options to use local bank transfers in the Russia. Just the RUB payments are available for purchasing cryptos at the exchange.
  • Advanced Cash. An international payment system (available worldwide) allowing other payments in various currencies. USD and EUR payments are available for purchasing cryptos at the exchange.
  • Payeer. An international payment system (available worldwide) allowing other payments in various currencies. EUR and USD payments are available for purchasing cryptos at the exchange.
  • 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 both buying and selling cryptocurrencies at this exchange.
  • SWIFT Transfer. An international payment system (available worldwide) allowing international bank transfers payments in various currencies. EUR and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Epay. An international payment system (available worldwide) allowing other payments in various currencies. EUR and USD payments are available for purchasing cryptos at the exchange.

BTCBIT 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:
    • 4% when you pay money using Advanced Cash in US Dollar.
    • 5% when you pay money using Advanced Cash in Euro.
    • 12% when you pay money using Any Local Bank in Russian Ruble.
    • 4% when you pay money using Epay in US Dollar.
    • 5% when you pay money using Epay in Euro.
    • 7% when you pay money using Payeer in US Dollar.
    • 8% when you pay money using Payeer in Euro.
    • 5% when you pay money using SEPA Transfer in Euro.
    • Commission when you are receiving funds to SEPA Transfer in Euro: 3%
    • 4% when you pay money using SWIFT Transfer in US Dollar.
    • 5% when you pay money using SWIFT Transfer in Euro.
    • Commission when you are receiving funds to SWIFT Transfer in US Dollar: 3%
    • Commission when you are receiving funds to SWIFT Transfer in Euro: 3%
    • 8% when you pay money using Visa & Mastercard in US Dollar.
    • 9% when you pay money using Visa & Mastercard in Euro.
    • 12% when you pay money using Visa & Mastercard in Russian Ruble.
    • 12% when you pay money using Visa & Mastercard in Pound Sterling.
    • 11% when you pay money using Visa & Mastercard in Ukrainian Hryvna.
    • 16% when you pay money using Visa & Mastercard in Armenian Dram.
    • 14% when you pay money using Visa & Mastercard in Belarusian Ruble.
    • 11% when you pay money using Visa & Mastercard in Kazakhstani Tenge.
    • 13% when you pay money using Visa & Mastercard in Turkish Lira.
    • Commission when you are receiving funds to Visa & Mastercard in US Dollar: 5%
    • Commission when you are receiving funds to Visa & Mastercard in Euro: 5%
  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 BTCBIT fees high or low?

Now it's time to draw a conclusion: considering the average fee the exchange changes for an operation we can state that BTCBIT charges a very high fees. According to our statistics, fairly big percent of the exchanges charge some less (although please be aware that it mostly depends on the exchange direction!) than BTCBIT does. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in USD across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 11%, BTCBIT charges 8% for this. A nice opportunity and as you can see, the fee is low enough, especially considering the fact there is no KYC! Hence we know that BTCBIT fees for certain exchange directions are rather moderate.

Buying and selling limits

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

  1. Purchase limits (when you buy crypto).
    • $50 minimal buy and $10,000 max purchase when using Advanced Cash in US Dollar.
    • €50 minimal buy and €10,000 max purchase when using Advanced Cash in Euro.
    • ₽4,000 minimal buy and ₽730,000 max purchase when using Any Local Bank in Russian Ruble.
    • $50 minimal buy and $10,000 max purchase when using Epay in US Dollar.
    • €50 minimal buy and €10,000 max purchase when using Epay in Euro.
    • $50 minimal buy and $10,000 max purchase when using Payeer in US Dollar.
    • €50 minimal buy and €10,000 max purchase when using Payeer in Euro.
    • €50 minimal buy and €10,000 max purchase when using SEPA Transfer in Euro.
    • $50 minimal buy and $10,000 max purchase when using SWIFT Transfer in US Dollar.
    • €50 minimal buy and €10,000 max purchase when using SWIFT Transfer in Euro.
    • $50 minimal buy and $10,000 max purchase when using Visa & Mastercard in US Dollar.
    • €50 minimal buy and €10,000 max purchase when using Visa & Mastercard in Euro.
    • ₽4,000 minimal buy and ₽730,000 max purchase when using Visa & Mastercard in Russian Ruble.
    • £50 minimal buy and £8,500 max purchase when using Visa & Mastercard in Pound Sterling.
    • ₴1,800 minimal buy and ₴160,000 max purchase when using Visa & Mastercard in Ukrainian Hryvna.
    • AMD 28,000 minimal buy and AMD 2,790,000 max purchase when using Visa & Mastercard in Armenian Dram.
    • BYN 125 minimal buy and BYN 12,200 max purchase when using Visa & Mastercard in Belarusian Ruble.
    • ₸21,400 minimal buy and ₸2,130,000 max purchase when using Visa & Mastercard in Kazakhstani Tenge.
    • ₺350 minimal buy and ₺65,000 max purchase when using Visa & Mastercard in Turkish Lira.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • €50 min and €10,000 maximal withdrawal when receiving money to SEPA Transfer in Euro.
    • $50 min and $10,000 maximal withdrawal when receiving money to SWIFT Transfer in US Dollar.
    • €50 min and €10,000 maximal withdrawal when receiving money to SWIFT Transfer in Euro.
    • $50 min and $10,000 maximal withdrawal when receiving money to Visa & Mastercard in US Dollar.
    • €50 min and €10,000 maximal withdrawal when receiving money to Visa & Mastercard in Euro.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) BTCBIT supports! Comparing to other exchanges, BTCBIT has one of highest buying and selling limits on the whole exchange market!

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)
  • Croatia (HR)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Côte d’Ivoire (CI)
  • Denmark (DK)
  • Diego Garcia (DG)
  • Djibouti (DJ)
  • Dominica (DM)
  • Dominican Republic (DO)
  • Ecuador (EC)
  • Egypt (EG)
  • El Salvador (SV)
  • Equatorial Guinea (GQ)
  • Eritrea (ER)
  • Estonia (EE)
  • 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)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Réunion (RE)
  • Samoa (WS)
  • San Marino (SM)
  • 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)
  • São Tomé & Príncipe (ST)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • United States (US)
  • Uruguay (UY)
  • 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)

It's possible to use the USD currency to buy/sell 10 cryptocurrencies at the BTCBIT: 5 banks and payment systems totally (out of the 7 the broker supports, that's 71% of all the available ones) can be used by people from the U.S.A.:

  • Advanced Cash (note: buying only!)
  • Epay (note: buying only!)
  • Payeer (note: buying only!)
  • SWIFT Transfer
  • Visa & Mastercard

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 respects the user privacy and doesn't require verification. You may stay anonymous while using BTCBIT, whatever exchange direction you need.

This is a rare find these days! You know, most of the exchanges require at least some verification. The absence of KYC policy saves the user time and prevents possible data leaks, we think that many people will appreciate such a possibility while dealing with BTCBIT!

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 BTCBIT!

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!

Axio, 2 testimonials
@ 23 Sep 2019
SantaCruz, 3 testimonials
@ 21 Sep 2019
EmperorS., 4 testimonials
@ 19 Sep 2019
MobbD., 1 testimonials
@ 14 Sep 2019
BigN., 2 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 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 Bitonic

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

  • Bitonic is a broker BTCBIT is a broker, both are using the same business model.
  • Bitonic had started the business May 2012 BTCBIT started the business May 2017 (Bitonic is working for 5 years and 0 months longer time).
  • Bitonic 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, Bitonic provides the following extra services: Merchant Services BTCBIT provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • Bitonic supports 1 cryptocurrencies BTCBIT allows to exchange 10 cryptos (BTCBIT supports 9 cryptocurrencies more).
  • 1 fiat currencies are available at Bitonic You'll be able to use 9 fiat currencies to swap with digital ones at BTCBIT (BTCBIT supports 8 fiat currencies more).
  • Bitonic accepts deposits from and allows withdrawals to 3 fiat payment systems / banks BTCBIT allows the user to utilize 7 various fiat payment systems and/or banks (BTCBIT supports 4 fiat payment systems and banks more).
  • Bitonic charges 0.0% fee BTCBIT charges the client 3% — 16% fee, depending on the currency, payment system, etc. (BTCBIT has higher fees, generally).
  • Buying limits at Bitonic start from $1 and are up to $2,768 Deposit/withdraw limits at BTCBIT are $50 — $10,000 depending on the payment method (BTCBIT has higher buying/selling limits).
  • Bitonic allows registrations from 46 countries; we are sorry, but United States is not supported this time You may register at BTCBIT if you reside in one of 221 countries; it serves United States among others (BTCBIT supports more countries worldwide).
  • During the account verification Bitonic usually asks for 3 documents and/or procedures: (id verification, phone confirmation, a bank account verification) BTCBIT has no KYC procedures, you can be completely anonymous while exchanging here (BTCBIT 's KYC policy requires the customer to take less actions or to provide less data).
  • 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 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 (BTCBIT & Bitonic process the deposits and withdrawals with equal speed).
  • Our users left 5 testimonials about Bitonic, 100% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT & Bitonic share the same percentage of positive user reviews).

Although the final decision, which exchange — Bitonic 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 lower total rating 96 vs Bitonic with 100, 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 PayBis

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

  • PayBis is a broker BTCBIT is a broker, both are using the same business model.
  • PayBis had started the business April 2015 BTCBIT started the business May 2017 (PayBis is working for 2 years and 1 months longer time).
  • PayBis is an ordinary company without licenses, etc. BTCBIT has all the required business licenses and permissions (BTCBIT utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, PayBis provides no extra services BTCBIT provides the same number of services as PayBis: it allows us to purchase and sell digital currencies.
  • PayBis supports 8 cryptocurrencies BTCBIT allows to exchange 10 cryptos (BTCBIT supports 2 cryptocurrencies more).
  • 3 fiat currencies are available at PayBis You'll be able to use 9 fiat currencies to swap with digital ones at BTCBIT (BTCBIT supports 6 fiat currencies more).
  • PayBis accepts deposits from and allows withdrawals to 7 fiat payment systems / banks BTCBIT allows the user to utilize 7 various fiat payment systems and/or banks (BTCBIT & PayBis support the same number of banks and payment systems).
  • PayBis charges 4% — 11% fee BTCBIT charges the client 3% — 16% fee, depending on the currency, payment system, etc. (BTCBIT has higher fees, generally).
  • Buying limits at PayBis start from $20 and are up to $200,000 Deposit/withdraw limits at BTCBIT are $50 — $10,000 depending on the payment method (BTCBIT has lower buying/selling limits).
  • PayBis allows registrations from 241 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 PayBis usually asks for 3 documents and/or procedures: (id verification, phone confirmation, address confirmation) BTCBIT has no KYC procedures, you can be completely anonymous while exchanging here (BTCBIT 's KYC policy requires the customer to take less actions or to provide less data).
  • Due to results of community feedback, PayBis 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; everything is automated (BTCBIT & PayBis process the deposits and withdrawals with equal speed).
  • Our users left 3 testimonials about PayBis, 100% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT & PayBis share the same percentage of positive user reviews).

Although the final decision, which exchange — PayBis 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 96 vs PayBis'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 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 allows us to purchase and sell digital currencies.
  • Coinbase supports 11 cryptocurrencies BTCBIT allows to exchange 10 cryptos (BTCBIT supports 1 cryptocurrencies less).
  • 6 fiat currencies are available at Coinbase You'll be able to use 9 fiat currencies to swap with digital ones at BTCBIT (BTCBIT supports 3 fiat currencies more).
  • Coinbase accepts deposits from and allows withdrawals to 4 fiat payment systems / banks BTCBIT allows the user to utilize 7 various fiat payment systems and/or banks (BTCBIT supports 3 fiat payment systems and banks more).
  • Coinbase charges 1.49% — 3.99% fee BTCBIT charges the client 3% — 16% fee, depending on the currency, payment system, etc. (BTCBIT has higher fees, generally).
  • Buying limits at Coinbase start from $2 and are up to $5,000 Deposit/withdraw limits at BTCBIT are $50 — $10,000 depending on the payment method (BTCBIT has higher buying/selling limits).
  • 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 BTCBIT has no KYC procedures, you can be completely anonymous while exchanging here (BTCBIT 's KYC policy requires the customer to take less actions or to provide less 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; everything is automated (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 96 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 XMLGold

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

  • XMLGold is a broker BTCBIT is a broker, both are using the same business model.
  • XMLGold had started the business May 2006 BTCBIT started the business May 2017 (XMLGold is working for 11 years and 0 months longer time).
  • XMLGold is an ordinary company without licenses, etc. BTCBIT has all the required business licenses and permissions (BTCBIT utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, XMLGold provides no extra services BTCBIT provides the same number of services as XMLGold: it allows us to purchase and sell digital currencies.
  • XMLGold supports 5 cryptocurrencies BTCBIT allows to exchange 10 cryptos (BTCBIT supports 5 cryptocurrencies more).
  • 2 fiat currencies are available at XMLGold You'll be able to use 9 fiat currencies to swap with digital ones at BTCBIT (BTCBIT supports 7 fiat currencies more).
  • XMLGold accepts deposits from and allows withdrawals to 4 fiat payment systems / banks BTCBIT allows the user to utilize 7 various fiat payment systems and/or banks (BTCBIT supports 3 fiat payment systems and banks more).
  • XMLGold charges 0% — 2% fee BTCBIT charges the client 3% — 16% fee, depending on the currency, payment system, etc. (BTCBIT has higher fees, generally).
  • Buying limits at XMLGold start from $7 and are up to $250,426 Deposit/withdraw limits at BTCBIT are $50 — $10,000 depending on the payment method (BTCBIT has lower buying/selling limits).
  • XMLGold 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 XMLGold usually asks for 1 document / procedure: (id verification) BTCBIT has no KYC procedures, you can be completely anonymous while exchanging here (BTCBIT 's KYC policy requires the customer to take less actions or to provide less data).
  • Due to results of community feedback, XMLGold 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; everything is automated (BTCBIT & XMLGold process the deposits and withdrawals with equal speed).
  • Our users left 5 testimonials about XMLGold, 100% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT & XMLGold share the same percentage of positive user reviews).

Although the final decision, which exchange — XMLGold 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 96 vs XMLGold'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 Wirex

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

  • Wirex 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)
  • Wirex had started the business November 2014 BTCBIT started the business May 2017 (Wirex is working for 2 years and 6 months longer time).
  • Wirex 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, selling and exchanging cryptocurrencies, Wirex provides no extra services BTCBIT provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • Wirex supports 6 cryptocurrencies BTCBIT allows to exchange 10 cryptos (BTCBIT supports 4 cryptocurrencies more).
  • 1 fiat currencies are available at Wirex You'll be able to use 9 fiat currencies to swap with digital ones at BTCBIT (BTCBIT supports 8 fiat currencies more).
  • Wirex accepts deposits from and allows withdrawals to 3 fiat payment systems / banks BTCBIT allows the user to utilize 7 various fiat payment systems and/or banks (BTCBIT supports 4 fiat payment systems and banks more).
  • Wirex charges 1.0% fee BTCBIT charges the client 3% — 16% fee, depending on the currency, payment system, etc. (BTCBIT has higher fees, generally).
  • Buying limits at Wirex start from $5 and are up to $5,000 Deposit/withdraw limits at BTCBIT are $50 — $10,000 depending on the payment method (BTCBIT has higher buying/selling limits).
  • Wirex 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 Wirex usually asks for 2 documents and/or procedures: (id verification, phone confirmation) BTCBIT has no KYC procedures, you can be completely anonymous while exchanging here (BTCBIT 's KYC policy requires the customer to take less actions or to provide less data).
  • Due to results of community feedback, Wirex 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; everything is automated (BTCBIT & Wirex process the deposits and withdrawals with equal speed).
  • Our users left 14 testimonials about Wirex, 100% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT & Wirex share the same percentage of positive user reviews).

Although the final decision, which exchange — Wirex 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 lower total rating 96 vs Wirex with 100, 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
  • The service exists for rather a long time; exchange was started 2 years and 6 months ago
  • Exchange supports 10 cryptocurrencies and 9 fiat ones (totally 7 payment systems / banks are available). There are no extra services besides the digital currencies exchange
  • It charges very high fees: from 3% to 16% depending on the payment method
  • The purchase and withdrawal limits are among the highest: from $50 to $10,000 USD, it depends on a payment system choice
  • BTCBIT allows registrations from 221 countries; people from United States may use the service
  • You may remain anonymous while using the exchange services. We should add that there are not so many exchanges with no KYC left these days!
  • 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: 96 / 100