sberbit review: is a safe exchange or scam? (09.2021)
What do we know about sberbit? According to the data we possess, it appears to be a not the most admired, still well established, fairly promising dealer aka exchanger. It's a broker operating for about 3 years and 9 months. sberbit supports some of the popular crypto. sberbit operator is an unknown entity or a group of individuals, but we must add that it appears as the usual way to do crypto-related business in their jurisdiction.
Clients from
all the
255
countries & territories
are welcome here,
together with your home country: United States!
Broker serves the US and allows registrations from
all the
56
states.
Our visitors decided the customer service as
exceptional, 5 stars quality;
the exchange is instantaneous each and every time!
(or smth close).
Specific types of orders may require identity verification
So, what's our opinion so far? Based on the information we currently hold, sberbit should be a not that bad site to swap Bitcoins; an exchange that should provide the service of acceptable quality. Let's appraise everything in details...
Overview: is sberbit safe?
sberbit operates as the Broker. A project had started up in December 2017. Despite the fact that we couldn't find any information about the company that manages sberbit.spb.ru site (and are not even sure if there's a legal entity at all), we must say that it's rather a usual practice for the "exchangers" from Russia and the neighboring countries. The main reason for this is the uncertain local regulation; such exchange providers have no way to open a corporate bank account, etc.
Research: best alternative to sberbit
By reason of we can't (yet?) endorse the sberbit.spb.ru, you may feel safer choosing the website we've already appraised and checked in full. Therefore we took the liberty to research the market and suggest a viable, well-known, 100% trusted alternative exchange platform. How we did it? Let's explain! Makes sense to start from figuring out what exactly we are looking for:
A glance at the service specifics confirms that sberbit employs the business model of a Broker; exchange started the business December 2017 and up-to-date operates for 3 years and 9 months. It received some reviews and seems to be known on the local market. There is no information available about the company doing business as sberbit, etc. Please note that it's just a super-small snapshot of what we've discovered, details about the business model are available in the "what we already know about sberbit" section. Considering all the abovementioned, we were looking for another broker allowing registrations from United States with a flawless reputation and the best rating and found a perfect match: TransCoin! Let's figure out what makes it the safest choice:
TRANSCOIN is also a Broker; exchange started to provide the services in May 2018. It is a really trusted, surely a respectable, well established, interesting exchange platform (broker) that supports 1 cryptocurrency: you can This is what we value the most about this great exchange service:
- It is a respectable financial company; the firm holds required license(s) and is fully compliant with the regulation
- The business model of an exchange broker doesn't require to store the customers' money, there are no accounts, etc. The crypto (or fiat) payment will be instantly delivered to a wallet (bank or fiat payment system) of your choice
- The exchange runs the business for a long time; project was started 3 years and 4 months ago
- TransCoin accepts the registrations from 255 countries; customers from United States can use the services
- Customers' testimonials are top notch, 100% (5 out of 5) wrote about the positive experience doing business with TransCoin.
According to our research and the community vote, TransCoin is the second best Broker worldwide. That's a really outstanding result, considering that we compare 329 exchange platforms! Long story short, this means that transcoin.me truly stands out in terms of reliability, reputation, etc. - you name it... We are sure, you won't regret your choice!
So, let's conclude: the best alternative to sberbit is
TransCoin, a perfectly safe and trusted broker, rated 100/100. Such score is really, really hard to get, only very exchange services managed to get such a high rating! Let's break down how the transcoin.me exchange could get such a scoring.sberbit fees, limits, verification, etc.
Even though we still consider if we should add SBERBIT to the list of approved exchange platforms and the individual dealers-exchangers and are in process of gathering and evaluating the information, we've already collected some data worth sharing. The business appears like a well-established broker running from Dec 2017. We could not find any information about the company administering the website; no signs if there's any legal entity at all. That's not a good indication, but sadly it's rather a usual practice for "exchangers" operating on/from the Russian and ex-USSR market.
sberbit.spb.ru is a broker, sort of "crypto exchange bureau" online. Buying and selling aside, there's usually not much to do on such a website; but isn't it exactly what we are looking for? On a positive note, the brokers don't hold the clients' funds and typically require less trust, etc.
Dealing with a reputable service of the sort is virtually risk-free, especially if you don't send a lump sum at once. Just please remember that trading with an anonymous or almost anonymous dealer requires extra caution! Our visitors who've already tried the services of broker left nice recommendations. That's clearly a good sign, although as they say, "trust, but verify"!
Fees & Limits at sberbit
We normally analyze the fees and limits even for the exchanges that are not yet listed but are in the "watch list", while we are considering if we should add these sites or not. Unfortunately, due to some technical issues the integration with sberbit is not yet set, and therefore we can't state anything about the fees and purchase limits at this broker. Please accept our apologies!
sberbit account verification
The broker may ask the customers to complete the user identification process (account verification) when certain conditions are met. Exchangers like sberbit operate in a gray area due to the fact that their target markets have no cryptocurrency regulation in place. Therefore such providers either have no KYC programs at all or maintain a very simple one. You'll get acquainted with the details during an order submission.
As for the estimation how long does it takes to verify an account at sberbit on average: we must apologize, our platform still haven't collected enough feedback from the real users of a broker. By any chance, if you know how fast sberbit.spb.ru is with an account verification, kindly let us know too. We really appreciate your commitment!
Supported countries
The website allows the user registrations from 255 countries. Actually it appears that absolutely all the countries and territories are supported by sberbit.spb.ru, it has no blacklisted geographies and no geo-restrictions!
Does sberbit allow the users from United States (US)?
That's right, it does! sberbit.spb.ru permits the registrations from the United States! Broker grants access to the customers from all the existing 56 states, territories, and commonwealths of the U.S.A..
American residents and the U.S. citizens are welcome to convert various crypto currencies offered by the broker.
Ops, sorry! Can't get an access to the data regarding the US operations of sberbit. While we are fixing that, please explore the exchange's website; there's a list of payment systems supported, etc.
Customers' testimonials
Until Sep 2021 our users who already tried the broker left 3 testimonials: 3 positive reviews. The testimonials we are receiving from our dear visitors are the most vital for our assessment should we add sberbit to the approved exchanges list or not. Do you have any experience dealing with the broker? If you do, please spend a few seconds and share your expertise. We'd love to know what's your personal opinion about SBERBIT!
Although this exchanger only sells and buys BTC using Qiwi, Yandex Money, Sberbank and VISA/MC/MIR in RUB, the service quality is definitely not bad. They work 24/7 and my exchange was done fast, in minutes. I like it!
What can we say? So far, the reviews are great, 100% positive feedback is a good sign that sberbit could be added to our listing soon! Do you have something to add? Can't wait to hear from you!
FAQ about sberbit
Does sberbit 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 sberbit a good broker?
Unfortunately, it seems that sberbit can't be called a good broker! We can say so based on the score the exchange got at our platform and the customers' testimonials analysis. The details are explained in this review and we break down a score in the overview section.
Is sberbit 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 sberbit a ripoff?
There are no reasons to call sberbit a ripoff, but we must admit that our rating for the broker is far from the top. The details are explained in this review and we break down a score in the overview section.
is sberbit a legit exchange?
Despite the fact that there are no reasons to consider sberbit a fraudulent service, our rating score for broker is pretty low. SBERBIT operates without any business licenses, etc. (unfortunately, it's rather common practice for Russian, CIS, and Eastern Europe based exchangers) so in case of any force-majeure, etc. the risk of losing money increases; please deal with caution! Our proposed rating score is 60 | 100, feel free to read more about what does it means and how the scoring is calculated.
Can I trust sberbit with my money?
We won't risk our credibility by recommending to trust sberbit because we are not yet 100% sure how reliable it is; read why we preliminary assess the 60/100 result for the exchange. And remember, whatever service you use, it never hurts to test it with a smaller amount first! Especially when you are dealing with unregulated exchanges and the individual exchangers.
Is sberbit instant?
Exchange with sberbit is not instant, so you may experience some delays while waiting for your money to be delivered.
sberbit vs other exchanges
We understand that you likely are interested to choose a most trusted broker that has flawless reputation and great reviews so we took the liberty to compile a list of alternative sites you may use instead of sberbit. There are similar exchanges providing more or less the same services; let's see what else is available right away and compare it to the reviewed business! Besides, we found platforms having similar rating that are popular in United States particularly and North America in general. And by the way, if you are eager to pick an exchange basing on a rate and fees mostly, our price comparison platform always finds the most reasonable exchange rates in United States!
sberbit vs WMexpress
A comparison of the key features and the principal facts about WMEXPRESS versus sberbit; just take a glance to decide if WMexpress will be the optimal choice for you or at least if it's worth checking our full study:
- WMexpress is a broker The way sberbit.spb.ru website functions fits the broker format, both following the same approach to the business.
- WMexpress had launched the service August 2015 sberbit started the project December 2017 (WMexpress is operating for 2 years and 3 months longer).
- WMexpress operates without any registration or no information is available about the legal entity sberbit carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
- WMexpress allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the sberbit being a resident of any of 255 countries; United States is granted with an access among all others (sberbit & WMexpress authorize sign-ups from the same number of countries worldwide).
- According to our users feedback, the quality of customer care at the WMexpress is 5.0 / 5.0 The score that our visitors assigned to customers' service at sberbit happens to be 5.0 (sberbit & WMexpress are treating the customers nearly identically).
- WMexpress allows the visitor to remain anonymous; there is nothing like the account verification, etc. The process of Customer Identification at sberbit typically involves a few (varies case-by-case) individual procedures. (The users of wm.express are allowed maintain their anonymity, meanwhile sberbit won't tolerate that).
- As per our analysis of the community feedback, WMexpress currently process orders to deposit and withdraw funds in just few minutes (although the exchange itself is instant) The actual sberbit users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (sberbit processes requests to deposit and withdraw funds faster
- Our visitors shared 7 reviews about WMexpress, 100% of those are positive As of today, sberbit gained 3 clients testimonials, 100% of these are positive (sberbit & WMexpress managed to get the same percentage of positive feedback from their users).
So, is WMexpress a better alternative to sberbit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score sberbit achieved: 60 vs WMexpress rated 71, we honestly believe that WMEXPRESS should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to sberbit, such as:
sberbit vs 100monet
A comparison of the key features and the principal facts about 100MONET versus sberbit; just take a glance to decide if 100monet will be the optimal choice for you or at least if it's worth checking our full study:
- 100monet is a broker The way sberbit.spb.ru website functions fits the broker format, both following the same approach to the business.
- 100monet had launched the service December 2014 sberbit started the project December 2017 (100monet is operating for 2 years and 11 months longer).
- 100monet operates without any registration or no information is available about the legal entity sberbit carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
- 100monet allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the sberbit being a resident of any of 255 countries; United States is granted with an access among all others (sberbit & 100monet authorize sign-ups from the same number of countries worldwide).
- According to our users feedback, the quality of customer care at the 100monet is 5.0 / 5.0 The score that our visitors assigned to customers' service at sberbit happens to be 5.0 (sberbit & 100monet are treating the customers nearly identically).
- When the client needs to pass through the KYC process at 100monet, they usually ask to provide some (it depends on various factors) documents and / or specific procedures The process of Customer Identification at sberbit typically involves a few (varies case-by-case) individual procedures. (sberbit & 100monet alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
- As per our analysis of the community feedback, 100monet currently process orders to deposit and withdraw funds in approx. 5-15 mins The actual sberbit users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (sberbit processes requests to deposit and withdraw funds faster
- Our visitors shared 6 reviews about 100monet, 83% of those are positive As of today, sberbit gained 3 clients testimonials, 100% of these are positive (sberbit is finer reviewed by the clients).
So, is 100monet a better alternative to sberbit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score sberbit achieved: 60 vs 100monet rated 67, we honestly believe that 100MONET should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to sberbit, such as:
sberbit vs 1-online
A comparison of the key features and the principal facts about 1-ONLINE versus sberbit; just take a glance to decide if 1-online will be the optimal choice for you or at least if it's worth checking our full study:
- 1-online is a broker The way sberbit.spb.ru website functions fits the broker format, both following the same approach to the business.
- 1-online had launched the service February 2017 sberbit started the project December 2017 (1-online is operating for 9 months longer).
- 1-online operates without any registration or no information is available about the legal entity sberbit carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
- 1-online allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the sberbit being a resident of any of 255 countries; United States is granted with an access among all others (sberbit & 1-online authorize sign-ups from the same number of countries worldwide).
- According to our users feedback, the quality of customer care at the 1-online is 5.0 / 5.0 The score that our visitors assigned to customers' service at sberbit happens to be 5.0 (sberbit & 1-online are treating the customers nearly identically).
- When the client needs to pass through the KYC process at 1-online, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at sberbit typically involves a few (varies case-by-case) individual procedures. (sberbit & 1-online alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
- As per our analysis of the community feedback, 1-online currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds The actual sberbit users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (sberbit & 1-online execute the deposits and withdrawals of crypto and fiat equally fast).
- Our visitors shared 5 reviews about 1-online, 100% of those are positive As of today, sberbit gained 3 clients testimonials, 100% of these are positive (sberbit & 1-online managed to get the same percentage of positive feedback from their users).
So, is 1-online a better alternative to sberbit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score sberbit achieved: 60 vs 1-online rated 66, we honestly believe that 1-ONLINE should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to sberbit, such as:
sberbit vs chby
A comparison of the key features and the principal facts about CHBY versus sberbit; just take a glance to decide if chby will be the optimal choice for you or at least if it's worth checking our full study:
- chby is a broker The way sberbit.spb.ru website functions fits the broker format, both following the same approach to the business.
- chby had launched the service July 2018 sberbit started the project December 2017 (sberbit operated 7 months longer).
- chby operates without any registration or no information is available about the legal entity sberbit carries on the operations without registering a legal entity or there's no information publicly available about the firm (both websites follow the same corporate model i.e. the absence of such one, almost an identical approach to the operational and legal matters, etc.).
- chby allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the sberbit being a resident of any of 255 countries; United States is granted with an access among all others (sberbit & chby authorize sign-ups from the same number of countries worldwide).
- According to our users feedback, the quality of customer care at the chby is 5.0 / 5.0 The score that our visitors assigned to customers' service at sberbit happens to be 5.0 (sberbit & chby are treating the customers nearly identically).
- When the client needs to pass through the KYC process at chby, they usually ask to provide some (it depends on various factors) documents and / or specific procedures In most of the cases, it takes about a day or two, as per the actual clientele survey results The process of Customer Identification at sberbit typically involves a few (varies case-by-case) individual procedures. (sberbit & chby alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
- As per our analysis of the community feedback, chby currently process orders to deposit and withdraw funds in just few minutes The actual sberbit users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (sberbit processes requests to deposit and withdraw funds faster
- Our visitors shared 6 reviews about chby, 100% of those are positive As of today, sberbit gained 3 clients testimonials, 100% of these are positive (sberbit & chby managed to get the same percentage of positive feedback from their users).
So, is chby a better alternative to sberbit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score sberbit achieved: 60 vs chby rated 66, we honestly believe that CHBY should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to sberbit, such as:
sberbit vs Quickex
A comparison of the key features and the principal facts about QUICKEX versus sberbit; just take a glance to decide if Quickex will be the optimal choice for you or at least if it's worth checking our full study:
- Quickex is a broker The way sberbit.spb.ru website functions fits the broker format, both following the same approach to the business.
- Quickex had launched the service February 2018 sberbit started the project December 2017 (sberbit operated 2 months longer).
- Quickex is an ordinary business without financial licenses, etc. sberbit carries on the operations without registering a legal entity or there's no information publicly available about the firm (Quickex's business model makes it a better, safer choice for the customers).
- Quickex allows users' registrations from 255 countries; and we are glad to say that the people from United States are welcome You are permitted to register at the sberbit being a resident of any of 255 countries; United States is granted with an access among all others (sberbit & Quickex authorize sign-ups from the same number of countries worldwide).
- When the client needs to pass through the KYC process at Quickex, they usually ask to provide some (it depends on various factors) documents and / or specific procedures The process of Customer Identification at sberbit typically involves a few (varies case-by-case) individual procedures. (sberbit & Quickex alike abide by the roughly analogous KYC policies requiring a user to complete almost identical stages during the verification).
- As per our analysis of the community feedback, Quickex currently process orders to deposit and withdraw funds instantly, without any delay at all or in matter of seconds The actual sberbit users reported that the process of a deposit or withdrawal took about a few seconds or instantly, with zero delay (sberbit & Quickex execute the deposits and withdrawals of crypto and fiat equally fast).
- Our visitors shared 3 reviews about Quickex, 100% of those are positive As of today, sberbit gained 3 clients testimonials, 100% of these are positive (sberbit & Quickex managed to get the same percentage of positive feedback from their users).
So, is Quickex a better alternative to sberbit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. In view of the lesser rating score sberbit achieved: 60 vs Quickex rated 63, we honestly believe that QUICKEX should do the job better than the reviewed broker; certainly worth testing!
Like reading? In fact, there are more exchanges worth comparing to sberbit, such as:
Conclusion: is sberbit legit or scam?
Seems it's time to finalize the report, to make a judgment call. Is sberbit a scam or is it a legitimate exchange? How secure the sberbit.spb.ru website is? Can you trust sberbit with your money? And (in our case) the most frequently asked question: Why the broker is not yet ranked at ExchangeRates.Pro? Let's start by answering the last question and, you'll see, the replies to the rest will follow. Can't wait? Help yourself jumping to the final verdict!
Why we hadn't yet ranked and fully listed SBERBIT and what does it mean?
The routine for adding a new exchange, especially if it's a Broker, to ExchangeRates.Pro listing is rather a long process and it depends on few factors we don't control directly. Our approach to the process is «better be safe than sorry»; we already have 40 well-tested platforms providing similar to sberbit functionality. 22 different exchange websites of broker type are among those and additionally, there are 5 peer-to-peer marketplaces. 20,153 exchange offers are available right away; these cover almost all the payment systems and local banks available in United States and North America for buying and selling BTC, cryptos, and tokens with US Dollar, EURos, whatever. Hence, we never hurry to add more websites until we are 100% sure we did everything we could to verify the data and test every service well ourselves. It takes time. Moreover, there are two circumstances that are out of our direct control:
- All the exchange services, most notably the broker type ones are staying in the "pending approval" state until we collect at least a few reviews from the genuine customers, the ones we can actually verify. In addition, we monitor the clients' testimonials at the trusted review platforms, social networks, etc., and postpone the approval until we find enough evidence that the broker has no unresolved complaints and there are enough convincing users recommendations.
- We receive the new applications daily and like over 90% are from the other Brokers. It consumes a lot of time to check each and every one; there's a large queue and we have to be selective when choosing which applications to process first. Considering there's 269 pending applications from other "exchangers", websites that are very similar to sberbit, we can't promise that we'll process this one very fast, our apologies.
Exceptions from these two rules may happen only in very rare extraordinary cases. As you can see, we move forward with listing new exchanges slowly and the queue for Brokers is the largest one, but as a consequence, only the best brokers are getting approved. Although we can't endorse sberbit and hadn't rated it (in full) yet, we believe that it could likely receive approval after some time considering there won't be any complaints and we'll encounter more trusted reviews.
So is sberbit a legit exchange or a fraud?
According to the data we currently have, sberbit is not a scam. However, the rating score the broker got is not very impressive. At this time sberbit is not looking like a service we'd add to the approved list anytime soon; even though we also can't state it's a bad exchange or something like that. Should you use sberbit.spb.ru to exchange crypto? We are not endorsing it nor we are strongly advising to keep away from it. The decision is up to you, just don't forget about the alternatives! There are some perfectly safe exchange platforms we can suggest: reliable brokers and much more!
Alternative solution: how to find the best rate to exchange BTC & crypto in United States and North America
There is another way of finding the most worthy alternative to sberbit that will work best for you. What if instead of opposing the features of various exchanges we'll compare the terms of the specific offerings that all the marketplaces, brokers, dealers, and even individual exchangers provide? That's exactly what our platform does! We assist you in choosing the most appropriate deal considering:
- The fees and rates provided at the moment by 21 exchange websites of a "Broker" type and 20,153 other offers.
- BTC/USD exchange rate at those ; the availability of service for the residents of United States.
- Which local banks & payment systems out of 153 serving US are the fastest, most convenient and cost-efficient personally for you.
- Amount you need to swap: say, the conditions for exchanging USD 1 will be significantly different from the terms of $47,212.0 conversion.
- And of course, you see the rating, users reviews (up-to-date 475 real clients testimonials), etc. for all the offers available!
Our platform could find 2,017 offers to buy, sell, exchange BTC available to users from United States, and 1,772 of these are for the US Dollar currency. There are totally 28 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as Broker, e-wallet, P2P Marketplace, Trading Platform, etc. 7 exchanges has active offers for these currencies right now; you can buy/sell using 94 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 77 local banking institutions and the payment systems. Besides, there are ways to buy and sell BTC paying with the cash! 2 dealers are providing this service. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Western Union, payment system of the Money Orders type. The most popular domestic options for purchasing BTC @ US:
- Paypal | 162 ads
- Walmart | 90 ads
- Chase QuickPay (Zelle) | 86 ads
- Skrill | 55 ads
- ApplePay | 51 ads
- American Express Gift Card | 50 ads
- Target | 50 ads
- Sephora | 49 ads
- eBay | 49 ads
- Nordstrom | 49 ads
Our software couldn't get an access to the data what's available at sberbit.spb.ru for the clients from United States, however we are sure that you'll find a worthy alternative on one of 39 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 77 domestic banks supported. Besides, you may find something interesting browsing 20,154 offers available with 94 ways to pay internationally, either to neighboring countries in North America or to any other part of the world. Cash exchange (i.e. the meeting with a dealer) in various areas of United States is possible as well, if you are interested.