What do we know about XBit? 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 4 years and 7 months. XBit supports some of the popular crypto. XBit 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 XBit 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, XBit 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...
By reason of we can't (yet?) endorse the xbit.money, 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 XBit employs the business model of a Broker; exchange started the business November 2017 and up-to-date operates for 4 years and 7 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 XBit, 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 xbit" 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 XBIT 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 Nov 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.
xbit.money 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"!
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 XBit 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 XBit 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 XBit 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 xbit.money 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 xbit.money, it has no blacklisted geographies and no geo-restrictions!
That's right, it does! xbit.money 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 XBit. While we are fixing that, please explore the exchange's website; there's a list of payment systems supported, etc.
Until Jul 2022 our users who already tried the broker left 2 testimonials: 2 positive reviews. The testimonials we are receiving from our dear visitors are the most vital for our assessment should we add XBit 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 XBIT!
This exchange supports BTC, BCH, LTC vs RUB, UAD and USD (although only payments by cash in Ukraine). Besides the usual choices of fiat options like Visa/MC, Privat, Qiwi, Yandex there's also Webmoney electronic wallet. They also sell STEAM (game currency) I like the website interface is convenient and the service was fast. Seems everything is automated here, my experience was very good!
What can we say? So far, the reviews are great, 100% positive feedback is a good sign that XBit could be added to our listing soon! Do you have something to add? Can't wait to hear from you!
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.
Unfortunately, it seems that XBit 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.
It is not. We even could not find any information about the business entity operating the exchange, etc.
There are no reasons to call XBit 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.
Despite the fact that there are no reasons to consider XBit a fraudulent service, our rating score for broker is pretty low. XBIT 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 69 | 100, feel free to read more about what does it means and how the scoring is calculated.
We won't risk our credibility by recommending to trust XBit because we are not yet 100% sure how reliable it is; read why we preliminary assess the 69/100 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.
Exchange with XBit is not instant, so you may experience some delays while waiting for your money to be delivered.
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 XBit. 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 XBit; 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 XBit? 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 XBit achieved: 69 vs WMexpress rated 71, we honestly believe that WMEXPRESS should do the job better than the reviewed broker; certainly worth testing!
A comparison of the key features and the principal facts about CHBY versus XBit; 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 XBit? 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: 67 versus 69 that XBit accomplished, our advice is either to go for XBit, 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 XBit; 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 XBit? 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 69 that XBit accomplished, our advice is either to go for XBit, 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 XBit; 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 XBit? 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 69 that XBit accomplished, our advice is either to go for XBit, 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 XBit; 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 XBit? 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 69 that XBit accomplished, our advice is either to go for XBit, 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 XBit a scam or is it a legitimate exchange? How secure the xbit.money website is? Can you trust XBit 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 42 well-tested platforms providing similar to XBit functionality. 23 different exchange websites of broker type are among those and additionally, there are 7 peer-to-peer marketplaces. 23,013 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 XBit 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.
According to the data we currently have, XBit is not a scam. However, the rating score the broker got is not very impressive. At this time XBit 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 xbit.money 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!
There is another way of finding the most worthy alternative to XBit 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 775 offers to buy, sell, exchange BTC available to users from United States, and 562 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 74 local and international payment systems & banks! The local dealers and exchanges are mentioning the support of 45 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 Other Banks, a local bank. The most popular domestic options for purchasing BTC @ US:
Our software couldn't get an access to the data what's available at xbit.money for the clients from United States, however we are sure that you'll find a worthy alternative on one of 41 exchange websites we compare the rates at! Check out what the local dealers and platforms are offering: currently there are 45 domestic banks supported. Besides, you may find something interesting browsing 23,012 offers available with 74 ways to pay internationally, either to neighboring countries in North America or to any other part of the world.