What do we know about tec-bit? According to the data we possess, it appears to be a quite reputable, well established, promising dealer aka exchanger. It's a broker successfully operating for about 5 years and 9 months. tec-bit supports some of the popular crypto. tec-bit 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.
countries & territories
are welcome here,
together with your home country: United States!
Broker serves the US and allows registrations from
Unfortunately we couldn't yet collect enough data about the order processing speed from the actual customers,
maybe you know how fast tec-bit processes the orders? If you do, please
share the knowledge!
Thanks a lot!
Specific types of orders may require identity verification
So, what's our opinion so far? Based on the information we currently hold, tec-bit should be a pretty safe site to swap Bitcoins; a satisfying exchange, particularly popular among the clients! Let's appraise everything in details...
By reason of we can't (yet?) endorse the tec-bit.com, 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 tec-bit employs the business model of a Broker; exchange started the business February 2017 and up-to-date operates for 5 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 tec-bit, 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 tec-bit" 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:
According to our research and the community vote, TransCoin is the third best Broker worldwide. That's a really outstanding result, considering that we compare 332 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!
Even though we still consider if we should add TEC-BIT 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 reputable broker running without serious issues from Feb 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.
tec-bit.com 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!
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 tec-bit is not yet set, and therefore we can't state anything about the fees and purchase limits at this broker. Please accept our apologies!
The broker may ask the customers to complete the user identification process (account verification) when certain conditions are met. Exchangers like tec-bit 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 tec-bit 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 tec-bit.com is with an account verification, kindly let us know too. We really appreciate your commitment!
The website allows the user registrations from 255 countries. Actually it appears that absolutely all the countries and territories are supported by tec-bit.com, it has no blacklisted geographies and no geo-restrictions!
That's right, it does! tec-bit.com 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 tec-bit. While we are fixing that, please explore the exchange's website; there's a list of payment systems supported, etc.
We still hadn't received any reviews of tec-bit.com we could verify. We'd love to know what our valued visitors think of this website; based on that we'll decide should we approve the Broker or not. If you've already tried this service or know someone who did we are counting on you! What do you think about this exchange? Please share your experience, your thoughts... even just a few words testimonial is a great help!
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.
We believe it is! We can say so based on the score the exchange got at our platform. The details are explained in this review and we break down a score in the overview section.
It is not. We even could not find any information about the business entity operating the exchange, etc.
tec-bit is certainly not a rip-off; our analysis confirms that it's rather a trustworthy exchange. Read more in our conclusion: is tec-bit a legit exchange or scam
Our research confirms that tec-bit is a legitimate exchange; we consider listing the broker among the recommended exchanges. Despite the fact that TEC-BIT 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 71 | 100, feel free to read more about what does it means and how the scoring is calculated.
It appears that the crypto-users trust tec-bit for a number of reasons, read why we preliminary assess the 71/100 result for the exchange. As far as we know, the community trusts broker so you likely won't regret believing them. 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.
Exchange with tec-bit is not instant, although as far as we know, the broker operators execute all the orders in minutes; it feels almost like a fully automated service.
In case you prefer to deal with a broker that was already fully checked and rated by our reviewers, algorithms, and the actual clientele, we took the liberty to compile a list of alternative sites you may use instead of tec-bit. 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!
A comparison of the key features and the principal facts about WMEXPRESS versus tec-bit; 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:
So, is WMexpress a better alternative to tec-bit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Tec-bit & WMexpress alike are sharing the same score: 71 (out of 100). Therefore both together should be of the matching quality. Nevertheless, we'd like to recommend WMexpress simply because we know it better!
A comparison of the key features and the principal facts about CHBY versus tec-bit; 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:
So, is chby a better alternative to tec-bit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the CHBY exchange service got a lower rating at our platform: 68 versus 71 that tec-bit accomplished, our advice is either to go for tec-bit, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!
A comparison of the key features and the principal facts about 100MONET versus tec-bit; 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:
So, is 100monet a better alternative to tec-bit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the 100MONET exchange service got a lower rating at our platform: 67 versus 71 that tec-bit accomplished, our advice is either to go for tec-bit, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!
A comparison of the key features and the principal facts about 1-ONLINE versus tec-bit; 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:
So, is 1-online a better alternative to tec-bit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the 1-ONLINE exchange service got a lower rating at our platform: 67 versus 71 that tec-bit accomplished, our advice is either to go for tec-bit, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!
A comparison of the key features and the principal facts about NEWLINE versus tec-bit; just take a glance to decide if Newline will be the optimal choice for you or at least if it's worth checking our full study:
So, is Newline a better alternative to tec-bit? Such a conclusion by any means can't be drawn by us instead of you, but we'll try to assist with the matter. Since the NEWLINE exchange service got a lower rating at our platform: 65 versus 71 that tec-bit accomplished, our advice is either to go for tec-bit, or, even better to look into few others first; particularly the ranked "best-of-the-best" TransCoin!
Seems it's time to finalize the report, to make a judgment call. Is tec-bit a scam or is it a legitimate exchange? How secure the tec-bit.com website is? Can you trust tec-bit 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!
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 41 well-tested platforms providing similar to tec-bit functionality. 23 different exchange websites of broker type are among those and additionally, there are 6 peer-to-peer marketplaces. 15,640 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:
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 tec-bit and hadn't rated it (in full) yet, we believe that it should get approval if we won't receive any complaints.
Looking at the data we possess, it's clear that tec-bit is not a scam, not a fraudulent website, etc., you name it. Even though we are not endorsing this broker, it appears to be trustworthy and worth trying. Furthermore, it could become a nice addition to our listing, considering there won't be any complaints or accusations from the users. Try exchanging at tec-bit yourself and don't forget to share your experience!
There is another way of finding the most worthy alternative to tec-bit 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:
Our platform could find 638 offers to buy, sell, exchange BTC available to users from United States, and 458 of these are for the US Dollar currency. There are totally 29 exchange services supporting US. Some of those are providing the access to USD|BTC market, including such types as e-wallet, P2P Marketplace, Trading Platform, etc. 5 exchanges has active offers for these currencies right now; you can buy/sell using 71 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 44 local banking institutions and the payment systems. According to the latest data we have, the lowest fee to purchase BTC with USD locally is available for Etana, that's a local payment system. The most popular domestic options for purchasing BTC @ US:
Our software couldn't get an access to the data what's available at tec-bit.com for the clients from United States, however we are sure that you'll find a worthy alternative on one of 40 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 44 domestic banks supported. Besides, you may find something interesting browsing 15,640 offers available with 71 ways to pay internationally, either to neighboring countries in North America or to any other part of the world.