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BuyBit review & testimonials (updated 11.2019)

BuyBit user interface: the home page in English

What is BuyBit in a nutshell? It's recently added to our monitoring, well established, promising exchange service (broker) supporting some popular crypto: you can exchange these using the website. Exchange service started the business May 2015, it serves the clients for a few years.

This Broker welcomes customers from 1 country (unfortunately, your country: United States is not supported at the moment; but there are good alternatives). Due to regulatory restrictions, US citizens and residents are not served by the exchange. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of BuyBit, maybe you know how fast BuyBit processes the orders? If you do, please share the knowledge! Thanks a lot! Depending on the order details, you may need to verify your account to exchange crypto on this Broker.

Since 2015, BuyBit is working hard to get great testimonials from the users. Although, since this Broker was recently added to our price comparison platform, we have no user reviews yet. Maybe you can help? If you have any experience dealing with BuyBit, can you please leave your testimonial? It will surely be a great help for us and all the community, thanks!

Based on all these facts, our verdict is the following: BuyBit is a promising, although not yet reviewed much by our visitors place to exchange Bitcoins, an interesting exchange that we believe will get some nice feedback soon!

Overview: is BuyBit safe?

BuyBit is the Broker; exchange started the business May 2015. Unfortunately, there is not much information available about the company doing business as BuyBit, etc.

Answering the question how safe is BuyBit:

We are sorry, our platform has't yet collected enough data, but you can help! We know fairly much about this Broker (please continue reading), but our policies require to collect more testimonials from the users of BuyBit to draw a conclusion. Do you have any experience dealing with this service? Please add your feedback, this will be a great help! Or maybe you know someone who does? Kindly ask him/her to tell us about it here! We really appreciate your participation.
Time in the business: 4 years 6 months
Business model: no information available

Overall rating for BuyBit: N/A

Pros & Cons of BuyBit

Although BuyBit is not yet rated by our visitors, there probably are many downsides that people don't like, but there also should be strong sides. Who knows, maybe for you, our dear visitor, these are most important and you'd consider this exchange as one of the best ones. Let's check it out:

  • Seems that the exchange operates without any business licenses, etc. Although since it's in the business for over 4 years, it definitely gained trust in the community.

Unfortunately there are more cons that pros. But this doesn't mean the BuyBit is a bad Broker! You should check the list and decide, which of these pros are cons are most important for you. Try BuyBit today and let us know how you like it!

Services, BuyBit Provides

The platform provides the following cryptocurrency exchange-related services:

  • Helps the visitors to exchange the electronic currencies.

As we can see, BuyBit doesn't provide any services besides the cryptocurrency exchange, althought it's definitely not a bad thing; after all, we came here for the crypto exchange, right?

Currencies & Payment Systems

BuyBit 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: 3 biggest cryptocurrencies to invest in 2019.

BuyBit fees

Unfortunately, the integration data from BuyBit 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 BuyBit 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 1 countries to use the exchange. The following countries are supported by the broker:

  • Russia (RU)

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

USA flag

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

Customer service

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

Verification at BuyBit

The broker may require the customers to pass through the user identification (account verification) process. BuyBit 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 BuyBit is the following:

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

Deposit/withdrawal speed

According to the data we have, BuyBit processes all or most of the orders without an automation; orders require staff attention to be completed. The speed of money transfer varies a lot on such services, so it's good to know the situation here at this exchange.

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

Is BuyBit instant?

So, what can we see? In accordance with the data we know about the broker, orders at BuyBit are not instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.

Customers' testimonials

There are currently no users testimonials about the BuyBit. Do you have any experience using this broker? If you do, please say a couple of words about it!

FAQ about BuyBit

Does BuyBit 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 BuyBit a good broker?

Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!

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

It is not. We even could not find any information about the business entity operating the exchange, etc.

Is BuyBit a ripoff?

It is not a ripoff, although we have not rated BuyBit yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is BuyBit legit or scam.

BuyBit vs other exchanges

Let's compare BuyBit 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!

BuyBit vs 1-online

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

  • 1-online is a broker BuyBit is a broker, both are using the same business model.
  • 1-online had started the business February 2017 BuyBit started the business May 2015 (BuyBit operates 1 years and 9 months longer).
  • 1-online operates without a business registration or there is no information available about it BuyBit operates without a business registration or there is no information available about it (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying and selling cryptocurrencies, 1-online provides no extra services BuyBit provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 3 fiat currencies are available at 1-online BuyBit doesn't allow to use any fiat currencies (BuyBit supports 3 fiat currencies less).
  • 1-online accepts deposits from and allows withdrawals to 20 fiat payment systems / banks BuyBit doesn't support fiat payments in any form (BuyBit supports 20 banks and fiat payment systems less).
  • 1-online allows registrations from 255 countries; United States is among the supported ones You may register at BuyBit if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (BuyBit supports less countries).
  • 1-online allows the user to be anonymous, there is no account verification, etc. User identification at BuyBit usually consists of some (it depends) different procedures (BuyBit 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 2 testimonials about 1-online, 100% of which are positive We've collected 2 users testimonials about BuyBit, 100% are positive (BuyBit & 1-online share the same percentage of positive user reviews).

Although the final decision, which exchange — 1-online or BuyBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

BuyBit vs 100BTC.kiev

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

  • 100BTC.kiev is a broker BuyBit is a broker, both are using the same business model.
  • 100BTC.kiev had started the business April 2016 BuyBit started the business May 2015 (BuyBit operates 11 months longer).
  • 100BTC.kiev operates without a business registration or there is no information available about it BuyBit operates without a business registration or there is no information available about it (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying and selling cryptocurrencies, 100BTC.kiev provides no extra services BuyBit provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 1 fiat currencies are available at 100BTC.kiev BuyBit doesn't allow to use any fiat currencies (BuyBit supports 1 fiat currencies less).
  • 100BTC.kiev accepts deposits from and allows withdrawals to 7 fiat payment systems / banks BuyBit doesn't support fiat payments in any form (BuyBit supports 7 banks and fiat payment systems less).
  • 100BTC.kiev allows registrations from 255 countries; United States is among the supported ones You may register at BuyBit if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (BuyBit supports less countries).
  • 100BTC.kiev allows the user to be anonymous, there is no account verification, etc. User identification at BuyBit usually consists of some (it depends) different procedures (BuyBit 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — 100BTC.kiev or BuyBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

BuyBit vs 100monet

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

  • 100monet is a broker BuyBit is a broker, both are using the same business model.
  • 100monet had started the business December 2014 BuyBit started the business May 2015 (100monet is working for 5 months longer time).
  • 100monet operates without a business registration or there is no information available about it BuyBit operates without a business registration or there is no information available about it (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying, selling and exchanging cryptocurrencies, 100monet provides no extra services BuyBit provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 1 fiat currencies are available at 100monet BuyBit doesn't allow to use any fiat currencies (BuyBit supports 1 fiat currencies less).
  • 100monet accepts deposits from and allows withdrawals to 6 fiat payment systems / banks BuyBit doesn't support fiat payments in any form (BuyBit supports 6 banks and fiat payment systems less).
  • 100monet allows registrations from 255 countries; United States is among the supported ones You may register at BuyBit if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (BuyBit supports less countries).
  • 100monet allows the user to be anonymous, there is no account verification, etc. User identification at BuyBit usually consists of some (it depends) different procedures (BuyBit 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 6 testimonials about 100monet, 83% of which are positive We've collected 2 users testimonials about BuyBit, 100% are positive (BuyBit has better testimonials from the clients

Although the final decision, which exchange — 100monet or BuyBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

BuyBit vs 1Obmen

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

  • 1Obmen is a broker BuyBit is a broker, both are using the same business model.
  • 1Obmen had started the business February 2017 BuyBit started the business May 2015 (BuyBit operates 1 years and 9 months longer).
  • 1Obmen operates without a business registration or there is no information available about it BuyBit operates without a business registration or there is no information available about it (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying, selling and exchanging cryptocurrencies, 1Obmen provides no extra services BuyBit provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 2 fiat currencies are available at 1Obmen BuyBit doesn't allow to use any fiat currencies (BuyBit supports 2 fiat currencies less).
  • 1Obmen accepts deposits from and allows withdrawals to 5 fiat payment systems / banks BuyBit doesn't support fiat payments in any form (BuyBit supports 5 banks and fiat payment systems less).
  • 1Obmen allows registrations from 255 countries; United States is among the supported ones You may register at BuyBit if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (BuyBit supports less countries).
  • 1Obmen allows the user to be anonymous, there is no account verification, etc. User identification at BuyBit usually consists of some (it depends) different procedures (BuyBit 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 2 testimonials about 1Obmen, 100% of which are positive We've collected 2 users testimonials about BuyBit, 100% are positive (BuyBit & 1Obmen share the same percentage of positive user reviews).

Although the final decision, which exchange — 1Obmen or BuyBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

BuyBit vs 1wm

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

  • 1wm is a broker BuyBit is a broker, both are using the same business model.
  • 1wm had started the business December 2014 BuyBit started the business May 2015 (1wm is working for 4 months longer time).
  • 1wm operates without a business registration or there is no information available about it BuyBit operates without a business registration or there is no information available about it (both exchange services operate using the same approach to the business, utilizing a same legal model).
  • Besides buying and selling cryptocurrencies, 1wm provides no extra services BuyBit provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 2 fiat currencies are available at 1wm BuyBit doesn't allow to use any fiat currencies (BuyBit supports 2 fiat currencies less).
  • 1wm accepts deposits from and allows withdrawals to 12 fiat payment systems / banks BuyBit doesn't support fiat payments in any form (BuyBit supports 12 banks and fiat payment systems less).
  • 1wm allows registrations from 255 countries; United States is among the supported ones You may register at BuyBit if you reside in one of 1 countries; unfortunately, United States is not among the supported ones (BuyBit supports less countries).
  • During the account verification 1wm usually asks for 1 document / procedure: (id verification) User identification at BuyBit usually consists of some (it depends) different procedures (BuyBit 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 1 testimonials about 1wm, 100% of which are positive We've collected 2 users testimonials about BuyBit, 100% are positive (BuyBit & 1wm share the same percentage of positive user reviews).

Although the final decision, which exchange — 1wm or BuyBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is BuyBit legit or scam?

Now it's time to draw a conclusion, is BuyBit a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign BuyBit a rating, but according to our research it's a good exchange. We have found no evidence that this broker is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the BuyBit:

  • There is no information about the business entity, regulatory compliance, etc.
  • 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 4 years and 6 months ago
  • BuyBit accepts the clients from 1 countries; unfortunately, users from United States are not permitted to use the service
  • Clients' testimonials are perfect, 100% (2 out of 2) note their positive experience dealing with BuyBit.

Overall rating for BuyBit: N/A