Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 331 Exchanges: 320 Offers:
BTC/USD:

BTCBIT review & 8 testimonials (updated 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 98/100 rating: it's the great result, higher than 99% of the competition! For example, XMLGold and MagneticExchange are ranked below, although BitQuick (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 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 definitely safe! 98/100 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 10 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: 98 / 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:

  • 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: Cryptocurrencies under 1 cent 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 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 just exchanges cryptos.
  • 1 fiat currencies are available at Bitonic BTCBIT doesn't allow to use any fiat currencies (BTCBIT supports 1 fiat currencies less).
  • Bitonic accepts deposits from and allows withdrawals to 3 fiat payment systems / banks BTCBIT doesn't support fiat payments in any form (BTCBIT supports 3 banks and fiat payment systems less).
  • 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) 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, 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 (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 98 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 us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 3 fiat currencies are available at PayBis BTCBIT doesn't allow to use any fiat currencies (BTCBIT supports 3 fiat currencies less).
  • PayBis accepts deposits from and allows withdrawals to 7 fiat payment systems / banks BTCBIT doesn't support fiat payments in any form (BTCBIT supports 7 banks and fiat payment systems less).
  • 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) 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, 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 (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 98 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 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 the digital currencies exchange, XMLGold provides no extra services BTCBIT provides the same number of services as XMLGold: it just exchanges cryptos.
  • 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 some (it depends) documents and/or procedures 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, XMLGold 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 & 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 98 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 MagneticExchange

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

  • MagneticExchange is a broker BTCBIT is a broker, both are using the same business model.
  • MagneticExchange had started the business May 2011 BTCBIT started the business May 2017 (MagneticExchange is working for 6 years and 0 months longer time).
  • MagneticExchange 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, selling and exchanging cryptocurrencies, MagneticExchange 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 MagneticExchange BTCBIT doesn't allow to use any fiat currencies (BTCBIT supports 5 fiat currencies less).
  • MagneticExchange accepts deposits from and allows withdrawals to 24 fiat payment systems / banks BTCBIT doesn't support fiat payments in any form (BTCBIT supports 24 banks and fiat payment systems less).
  • MagneticExchange 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 MagneticExchange usually asks for 2 documents and/or procedures: (id verification, card verification) 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, 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, BTCBIT process deposit/withdrawal orders in about a couple of seconds, in fact — instantly, without any delay (BTCBIT & MagneticExchange process the deposits and withdrawals with equal speed).
  • Our users left 7 testimonials about MagneticExchange, 100% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT & MagneticExchange share the same percentage of positive user reviews).

Although the final decision, which exchange — MagneticExchange 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 98 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:

BTCBIT vs BitQuick

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

  • BitQuick is a p2p marketplace BTCBIT is a broker, it has a different business model (feel free to read about the differences between p2p marketplace and broker)
  • BitQuick had started the business October 2013 BTCBIT started the business May 2017 (BitQuick is working for 3 years and 7 months longer time).
  • BitQuick 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, BitQuick provides no extra services BTCBIT provides the same number of services as BitQuick: it just exchanges cryptos.
  • BitQuick allows registrations from 1 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 BitQuick usually asks for 1 document / procedure: (phone confirmation) 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, BitQuick 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 & BitQuick process the deposits and withdrawals with equal speed).
  • Our users left 4 testimonials about BitQuick, 100% of which are positive We've collected 8 users testimonials about BTCBIT, 100% are positive (BTCBIT & BitQuick share the same percentage of positive user reviews).

Although the final decision, which exchange — BitQuick 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 98 vs BitQuick 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
  • This company has being in the business for a long time; exchange was started 2 years and 10 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: 98 / 100