Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 330 Exchanges: 312 Offers:
BTC/USD:

XBit review & 2 testimonials (updated 09.2019)

XBit user interface: the home page in English

What is XBit in a nutshell? It's a trusted, well established, promising exchange service (broker) supporting 3 cryptocurrencies: you can buy and sell coins using 3 fiat currencies (13 banks & payment systems are supported). Exchange service started the business Nov 2017, it serves the clients over a year.

This service works with a number of currencies, banks, and payment systems. Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here. Based on this number (3.29%) we may say that XBit charges moderate fees: 2% — 6% (although, according to our statistics 90% exchanges take higher average fee) and has the high purchase limits available: $1,500 — $43,707 (in accordance with the statistics we've collected, 92% exchanges allow lower limits for orders). This Broker welcomes customers from 255 countries (including your country: United States!). It serves the US and allows registrations from all the 56 states and territories. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of XBit, although according to the information from the exchange itself, order processing is automated and should be instant. Depending on the order details, you may need to verify your account (just ID Verification should be required) to exchange money on this Broker.

Since 2017, XBit has got great testimonials from the customers: just our platform, that was recently launched, has 2 user reviews, 100% of those are positive. It's hard to say for the majority of the users what they like dealing with the service, most of all. Our platform assigns the XBit 82/100 rating: it's a good result, higher than 81% of the competition! For example, TopChange and BigBank are ranked below, although sberbit (83/100) has better rank among our community members.

Based on all these facts, our verdict is the following: XBit is a safe place to buy and sell cryptocurrencies, a great exchange, the service community appreciates!

Overview: is XBit safe?

XBit is the Broker; exchange started the business November 2017. Unfortunately, there is not much information available about the company doing business as XBit, etc.

Answering the question how safe is XBit:

XBit is definitely safe! 82/100 rating is fairly a good one, 81% exchanges have lower rating! Let's break down how the XBit exchange got such a rating.
Time in the business: 2 years 2 months
Feedback count: 2
Reviews: 2 positive, 0 negative, 0 neutral
Business model: no information available

Overall rating for XBit: 82 / 100

Pros & Cons of XBit

Since XBit is rated highly by our visitors, the exchange likely has some impressive features that are the strong sides. But nothing is perfect, so there must be some downsides, too. Let's check it out:

  • High purchase and withdrawal limits.
  • Almost all the countries in the world are welcomed here! Feel free to check if your country is allowed to register an account.
  • Xbit doesn't hold the clients funds, delivering the funds directly to your wallet.
  • Seems that the exchange operates without any business licenses, etc.
  • Brokers are less regulated exchanges, you are basically on your own if you have problems with such a service.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at XBit! Try XBit today and let us know how you like it!

Services, XBit Provides

The platform provides the following cryptocurrency exchange-related services:

  • Allows the customers to buy cryptocurrencies with fiat currencies
  • Provides the clients with ways to "cash out" the crypto to fiat currency

As we can see, XBit 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

XBit provides the service of buying and selling 3 digital currencies using fiat currencies. The following cryptocurrencies are available to buy/sell: Bitcoin Cash (BCHABC), Bitcoin (BTC), Litecoin (LTC).

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: Top 100 cryptocurrencies 2020 to invest.

3 fiat currencies are supported to provide crypto purchase and selling: Russian Ruble (RUB), Ukrainian Hryvna (UAH), US Dollar (USD). The Broker will let you buy and sell Bitcoins and 2 other cryptos using the following payment systems:

  • Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. UAH and RUB payments are available for both buying and selling cryptocurrencies at this exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 87 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
  • Cash in Person. An international payment system (available worldwide) allowing cash payments payments in various currencies. Just the USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Any Local Bank. An universal payment method, allowing payments from/to all the banks in various currencies. XBit has options to use local bank transfers in the Ukraine. Just the UAH payments are available for both buying and selling cryptocurrencies at this exchange.
  • Qiwi. An international payment system (it's available in 9 countries) allowing e-wallet payments in various currencies. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.
  • Yandex Money. A local payment system (serving Russia) allowing e-wallet payments in Russian Ruble currency. Just the RUB payments are available for both buying and selling cryptocurrencies at this exchange.
  • Privat24. A local bank (serving Ukraine) in various currencies. Just the UAH payments are available for both buying and selling cryptocurrencies at this exchange.
  • Monobank. A local bank (serving Ukraine) in Ukrainian Hryvna currency. Just the UAH payments are available for both buying and selling cryptocurrencies at this exchange.
  • WebMoney. An international payment system (available worldwide) allowing other payments in various currencies. RUB, UAH and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Raiffeisenbank. A local bank (you may use from Ukraine) in various currencies. Just the UAH payments are available for both buying and selling cryptocurrencies at this exchange.
  • Mir Card. A local payment system (serving Russia) allowing credit/debit cards payments in Russian Ruble currency. Just the RUB payments are available for selling cryptocurrency to fiat solely; at the time you can't buy crypto using this payment method here.
  • Oschadbank. A local bank (serving Ukraine) in Ukrainian Hryvna currency. Just the UAH payments are available for both buying and selling cryptocurrencies at this exchange.
  • PUMB Bank. A local bank (serving Ukraine) in Ukrainian Hryvna currency. Just the UAH payments are available for both buying and selling cryptocurrencies at this exchange.
  • UkSibbank. A local bank (serving Ukraine) in Ukrainian Hryvna currency. Just the UAH payments are available for both buying and selling cryptocurrencies at this exchange.

XBit fees

The fees you need to pay at this broker during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):

  1. Service/processing fee. Depending on the fiat payment system and currency, it's as follows:
    • Commission when you are receiving funds to Any Local Bank in Ukrainian Hryvna: 5%
    • 2% when you pay money using Any Local Bank in Ukrainian Hryvna.
    • 0% when you pay money using Cash in Person in US Dollar. Read the details below.
    • Commission when you are receiving funds to Cash in Person in US Dollar (the details are below): 2%
    • Commission when you are receiving funds to Mir Card in Russian Ruble: 4%
    • Commission when you are receiving funds to Monobank in Ukrainian Hryvna: 5%
    • 2% when you pay money using Monobank in Ukrainian Hryvna.
    • Commission when you are receiving funds to Oschadbank in Ukrainian Hryvna: 5%
    • 2% when you pay money using Oschadbank in Ukrainian Hryvna.
    • Commission when you are receiving funds to PUMB Bank in Ukrainian Hryvna: 5%
    • 2% when you pay money using PUMB Bank in Ukrainian Hryvna.
    • 3% when you pay money using Privat24 in Ukrainian Hryvna.
    • Commission when you are receiving funds to Privat24 in Ukrainian Hryvna: 4%
    • 6% when you pay money using Qiwi in Russian Ruble.
    • Commission when you are receiving funds to Qiwi in Russian Ruble: 3%
    • Commission when you are receiving funds to Raiffeisenbank in Ukrainian Hryvna: 5%
    • 2% when you pay money using Raiffeisenbank in Ukrainian Hryvna.
    • Commission when you are receiving funds to UkSibbank in Ukrainian Hryvna: 5%
    • 2% when you pay money using UkSibbank in Ukrainian Hryvna.
    • Commission when you are receiving funds to Visa & Mastercard in Russian Ruble: 3%
    • Commission when you are receiving funds to Visa & Mastercard in Ukrainian Hryvna: 5%
    • 2% when you pay money using Visa & Mastercard in Ukrainian Hryvna.
    • 4% when you pay money using Yandex Money in Russian Ruble.
    • Commission when you are receiving funds to Yandex Money in Russian Ruble: 1%
  2. Miners fee. Please note that this fee applies only when you buy bitcoin or other cryptocurrency!
    • 0 BTC: great news! at the moment there is no such a fee!

Buying & selling Bitcoins and Crypto with cash at XBit

If you are interested in buying digital currencies with cash in person or want to get some banknotes in exchange of your BCHABC, BTC, LTC, etc. XBit will be glad to help you. It provides the service of USD cash exchange in the following countries and cities:

Ukraine

Cash exchange is possible in 1 city:

Kyiv
  • 0% to buy cryptocurrencies with cash in US Dollar
  • Cash out crypto to get 'good old' paper money in US Dollar: 2%

Are XBit fees high or low?

Now it's time to draw a conclusion: considering the average fee the exchange changes for an operation we can state that XBit charges moderate fees. According to our statistics, most of the exchanges charges about the same fees XBit does. For example, an average fee you pay to buy Bitcoin with Visa & Mastercard in UAH across various exchange brokers, trading platforms, p2p marketplaces and e-wallets is 3%, XBit charges 2% for this. A nice opportunity and as you can see, the fee is low enough! Hence we know that XBit fees for certain exchange directions are rather moderate.

Buying and selling limits

This Broker has the following limits, applicable when you buy or sell cryptocurrencies:

  1. Purchase limits (when you buy crypto).
    • ₴450 minimal buy and ₴14,990 max purchase when using Any Local Bank in Ukrainian Hryvna.
    • $1,500 minimal buy and $15,000 max purchase when using Cash in Person in US Dollar.
    • ₴450 minimal buy and ₴14,990 max purchase when using Monobank in Ukrainian Hryvna.
    • ₴450 minimal buy and ₴14,990 max purchase when using Oschadbank in Ukrainian Hryvna.
    • ₴450 minimal buy and ₴14,990 max purchase when using PUMB Bank in Ukrainian Hryvna.
    • ₴450 minimal buy and ₴80,000 max purchase when using Privat24 in Ukrainian Hryvna.
    • ₽5,000 minimal buy and ₽69,999 max purchase when using Qiwi in Russian Ruble.
    • ₴450 minimal buy and ₴14,990 max purchase when using Raiffeisenbank in Ukrainian Hryvna.
    • ₴450 minimal buy and ₴14,990 max purchase when using UkSibbank in Ukrainian Hryvna.
    • ₴450 minimal buy and ₴14,990 max purchase when using Visa & Mastercard in Ukrainian Hryvna.
    • ₽1,250 minimal buy and ₽69,999 max purchase when using Yandex Money in Russian Ruble.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • ₴627 min and ₴29,269 maximal withdrawal when receiving money to Any Local Bank in Ukrainian Hryvna.
    • $3,497 min and $43,707 maximal withdrawal when receiving money to Cash in Person in US Dollar.
    • ₽5,313 min and ₽79,702 maximal withdrawal when receiving money to Mir Card in Russian Ruble.
    • ₴627 min and ₴29,269 maximal withdrawal when receiving money to Monobank in Ukrainian Hryvna.
    • ₴627 min and ₴29,269 maximal withdrawal when receiving money to Oschadbank in Ukrainian Hryvna.
    • ₴627 min and ₴29,269 maximal withdrawal when receiving money to PUMB Bank in Ukrainian Hryvna.
    • ₴632 min and ₴27,387 maximal withdrawal when receiving money to Privat24 in Ukrainian Hryvna.
    • ₽6,449 min and ₽107,487 maximal withdrawal when receiving money to Qiwi in Russian Ruble.
    • ₴627 min and ₴29,269 maximal withdrawal when receiving money to Raiffeisenbank in Ukrainian Hryvna.
    • ₴627 min and ₴29,269 maximal withdrawal when receiving money to UkSibbank in Ukrainian Hryvna.
    • ₽5,369 min and ₽80,535 maximal withdrawal when receiving money to Visa & Mastercard in Russian Ruble.
    • ₴627 min and ₴29,269 maximal withdrawal when receiving money to Visa & Mastercard in Ukrainian Hryvna.
    • ₽549 min and ₽109,747 maximal withdrawal when receiving money to Yandex Money in Russian Ruble.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) XBit supports! Comparing to other exchanges, XBit has one of highest buying and selling limits on the whole exchange market!

Supported countries

Platform allows the users from 255 countries to use the exchange. The following countries are supported by the broker:

  • Afghanistan (AF)
  • Aland Islands (AX)
  • Albania (AL)
  • Algeria (DZ)
  • 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)
  • Bahamas (BS)
  • Bahrain (BH)
  • Bangladesh (BD)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Bolivia (BO)
  • Bosnia & Herzegovina (BA)
  • Botswana (BW)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Burundi (BI)
  • Cambodia (KH)
  • 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)
  • China (CN)
  • 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)
  • Cuba (CU)
  • 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)
  • Ethiopia (ET)
  • 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)
  • Ghana (GH)
  • 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)
  • Iceland (IS)
  • India (IN)
  • Indonesia (ID)
  • Iran (IR)
  • Iraq (IQ)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Japan (JP)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kuwait (KW)
  • Kyrgyzstan (KG)
  • Laos (LA)
  • Latvia (LV)
  • Lebanon (LB)
  • Lesotho (LS)
  • Liberia (LR)
  • Libya (LY)
  • 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)
  • Nigeria (NG)
  • Niue (NU)
  • Norfolk Island (NF)
  • Northern Mariana Islands (MP)
  • North Korea (KP)
  • Norway (NO)
  • Oman (OM)
  • Pakistan (PK)
  • Palau (PW)
  • Palestinian Territories (PS)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Réunion (RE)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Samoa (WS)
  • San Marino (SM)
  • São Tomé & Príncipe (ST)
  • Saudi Arabia (SA)
  • 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)
  • South Sudan (SS)
  • 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)
  • Sudan (SD)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • Syria (SY)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Tunisia (TN)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • Uganda (UG)
  • 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)
  • Vanuatu (VU)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Yemen (YE)
  • Zambia (ZM)
  • Zimbabwe (ZW)

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

USA flag

Yes, XBit allows the registrations from the United States! Broker permits the users from 56 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)
  • Connecticut (CT)
  • Delaware (DE)
  • District of Columbia (DC)
  • Florida (FL)
  • Georgia (GA)
  • Guam (GU)
  • Hawaii (HI)
  • 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)
  • New Mexico (NM)
  • New York (NY)
  • 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)
  • Washington (WA)
  • West Virginia (WV)
  • Wisconsin (WI)
  • Wyoming (WY)

It's possible to use the USD currency to buy/sell 3 cryptocurrencies at the XBit: 2 banks and payment systems totally (out of the 13 the broker supports, that's 15% of all the available ones) can be used by people from the U.S.A.:

  • Visa & Mastercard
  • WebMoney — please note — just the withdrawals to this payment system are available at the moment!

Customer service

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

Verification at XBit

The broker may require the customers to pass through the user identification (account verification) process. The following procedures are normally required to verify your acc:

  • ID verification

According to the customers surveys results, the average time to verify an account at XBit is the following:

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

Deposit/withdrawal speed

XBit processes the orders automatically, that's definitely a good thing and the process should take no time. Although we know that some exchanges require various forms of staff approval, etc. for the specific orders; such ones generally take longer. Even fully automated platforms sometimes delay the funds delivery, so if you know that it's the case here at this broker, let us and the community know about it, please!

Is XBit instant?

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

Customers' testimonials

Our users left 2 testimonials about their experience dealing with XBit, 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!

SatoshiN., 71 testimonials
@ 11 Sep 2019
No more testimonials to show. The rest are either outdated or written in other languages. If you have any experience dealing with XBit, 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 XBit services, so most likely, you'd enjoy it too!

FAQ about XBit

Does XBit 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 XBit 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 XBit licensed? Does it hold e-money license?

It is not, and it's hard to even find information about any business registration, etc. Although the cryptocurrency regulation in Russia, CIS and most of the ex-USSR countries has not yet being set, so so almost all such exchanges there are operating like this.

Is XBit a ripoff?

It definitely isn't! Feel free to read the whole this review to understand why or check our conclusion: is XBit legit or scam.

XBit vs other exchanges

Let's compare XBit 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!

XBit vs Bitonic

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

  • Bitonic is a broker XBit is a broker, both are using the same business model.
  • Bitonic had started the business May 2012 XBit started the business November 2017 (Bitonic is working for 5 years and 6 months longer time).
  • Bitonic has all the required business licenses and permissions XBit operates without a business registration or there is no information available about it (Bitonic's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, Bitonic provides the following extra services: Merchant Services XBit provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • Bitonic supports 1 cryptocurrencies XBit allows to exchange 3 cryptos (XBit supports 2 cryptocurrencies more).
  • 1 fiat currencies are available at Bitonic You'll be able to use 3 fiat currencies to swap with digital ones at XBit (XBit supports 2 fiat currencies more).
  • Bitonic accepts deposits from and allows withdrawals to 3 fiat payment systems / banks XBit allows the user to utilize 13 various fiat payment systems and/or banks (XBit supports 10 fiat payment systems and banks more).
  • Bitonic charges 0.0% fee XBit charges the client 2% — 6% fee, depending on the currency, payment system, etc. (XBit has higher fees, generally).
  • Buying limits at Bitonic start from $1 and are up to $2,751 Deposit/withdraw limits at XBit are $1,500 — $43,707 depending on the payment method (XBit has higher buying/selling limits).
  • Bitonic allows registrations from 46 countries; we are sorry, but United States is not supported this time You may register at XBit if you reside in one of 255 countries; it serves United States among others (XBit 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 XBit usually consists of 1 procedure: id verification (XBit 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 5 testimonials about Bitonic, 100% of which are positive We've collected 2 users testimonials about XBit, 100% are positive (XBit & Bitonic share the same percentage of positive user reviews).

Although the final decision, which exchange — Bitonic or XBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although XBit has a lower total rating 82 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:

XBit vs BTCBIT

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

  • BTCBIT is a broker XBit is a broker, both are using the same business model.
  • BTCBIT had started the business May 2017 XBit started the business November 2017 (BTCBIT is working for 6 months longer time).
  • BTCBIT has all the required business licenses and permissions XBit operates without a business registration or there is no information available about it (BTCBIT's business model is more stable and safer for clients).
  • Besides the digital currencies exchange, BTCBIT provides no extra services XBit provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • BTCBIT doesn't have any fiat currencies supported You'll be able to use 3 fiat currencies to swap with digital ones at XBit (XBit supports 3 fiat currencies more).
  • BTCBIT doesn't allow any fiat payments XBit allows the user to utilize 13 various fiat payment systems and/or banks (XBit supports 13 fiat payment systems and banks more).
  • BTCBIT allows registrations from 221 countries; United States is among the supported ones You may register at XBit if you reside in one of 255 countries; it serves United States among others (XBit supports more countries worldwide).
  • During the account verification BTCBIT usually asks for some (it depends) documents and/or procedures User identification at XBit usually consists of 1 procedure: id verification (XBit 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 8 testimonials about BTCBIT, 100% of which are positive We've collected 2 users testimonials about XBit, 100% are positive (XBit & BTCBIT share the same percentage of positive user reviews).

Although the final decision, which exchange — BTCBIT or XBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although XBit has a lower total rating 82 vs BTCBIT with 97, 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:

XBit vs TopChange

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

  • TopChange is a broker XBit is a broker, both are using the same business model.
  • TopChange had started the business April 2018 XBit started the business November 2017 (XBit operates 4 months longer).
  • TopChange operates without a business registration or there is no information available about it XBit 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, TopChange provides no extra services XBit provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • TopChange supports 6 cryptocurrencies XBit allows to exchange 3 cryptos (XBit supports 3 cryptocurrencies less).
  • 3 fiat currencies are available at TopChange You'll be able to use 3 fiat currencies to swap with digital ones at XBit (XBit & TopChange support the same number of fiat currencys).
  • TopChange accepts deposits from and allows withdrawals to 9 fiat payment systems / banks XBit allows the user to utilize 13 various fiat payment systems and/or banks (XBit supports 4 fiat payment systems and banks more).
  • TopChange charges 5% — 32% fee XBit charges the client 2% — 6% fee, depending on the currency, payment system, etc. (XBit has lower fees in general).
  • Buying limits at TopChange start from $100 and are up to $6,447 Deposit/withdraw limits at XBit are $1,500 — $43,707 depending on the payment method (XBit has higher buying/selling limits).
  • TopChange allows registrations from 255 countries; United States is among the supported ones You may register at XBit if you reside in one of 255 countries; it serves United States among others (XBit & TopChange support the same number of countries and territories).
  • TopChange allows the user to be anonymous, there is no account verification, etc. User identification at XBit usually consists of 1 procedure: id verification (XBit 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 2 testimonials about TopChange, 100% of which are positive We've collected 2 users testimonials about XBit, 100% are positive (XBit & TopChange share the same percentage of positive user reviews).

Although the final decision, which exchange — TopChange or XBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although XBit has a better total rating 82 vs TopChange's 80, 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:

XBit vs BigBank

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

  • BigBank is a broker XBit is a broker, both are using the same business model.
  • BigBank had started the business February 2018 XBit started the business November 2017 (XBit operates 2 months longer).
  • BigBank operates without a business registration or there is no information available about it XBit 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 the digital currencies exchange, BigBank provides no extra services XBit provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • BigBank doesn't have any fiat currencies supported You'll be able to use 3 fiat currencies to swap with digital ones at XBit (XBit supports 3 fiat currencies more).
  • BigBank doesn't allow any fiat payments XBit allows the user to utilize 13 various fiat payment systems and/or banks (XBit supports 13 fiat payment systems and banks more).
  • BigBank allows registrations from 255 countries; United States is among the supported ones You may register at XBit if you reside in one of 255 countries; it serves United States among others (XBit & BigBank support the same number of countries and territories).
  • During the account verification BigBank usually asks for some (it depends) documents and/or procedures User identification at XBit usually consists of 1 procedure: id verification (XBit 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 2 testimonials about BigBank, 100% of which are positive We've collected 2 users testimonials about XBit, 100% are positive (XBit & BigBank share the same percentage of positive user reviews).

Although the final decision, which exchange — BigBank or XBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although XBit has a better total rating 82 vs BigBank's 80, 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:

XBit vs sberbit

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

  • sberbit is a broker XBit is a broker, both are using the same business model.
  • sberbit had started the business December 2017 XBit started the business November 2017.
  • sberbit operates without a business registration or there is no information available about it XBit 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, sberbit provides no extra services XBit provides the same number of services as sberbit: it allows us to purchase and sell digital currencies.
  • sberbit supports 1 cryptocurrencies XBit allows to exchange 3 cryptos (XBit supports 2 cryptocurrencies more).
  • 1 fiat currencies are available at sberbit You'll be able to use 3 fiat currencies to swap with digital ones at XBit (XBit supports 2 fiat currencies more).
  • sberbit accepts deposits from and allows withdrawals to 4 fiat payment systems / banks XBit allows the user to utilize 13 various fiat payment systems and/or banks (XBit supports 9 fiat payment systems and banks more).
  • sberbit charges 15% — 21% fee XBit charges the client 2% — 6% fee, depending on the currency, payment system, etc. (XBit has lower fees in general).
  • Buying limits at sberbit start from $80 and are up to $320 Deposit/withdraw limits at XBit are $1,500 — $43,707 depending on the payment method (XBit has higher buying/selling limits).
  • sberbit allows registrations from 255 countries; United States is among the supported ones You may register at XBit if you reside in one of 255 countries; it serves United States among others (XBit & sberbit support the same number of countries and territories).
  • sberbit allows the user to be anonymous, there is no account verification, etc. User identification at XBit usually consists of 1 procedure: id verification (XBit 's compliance program requires the client to take more actions or to provide more data).
  • Our users left 3 testimonials about sberbit, 100% of which are positive We've collected 2 users testimonials about XBit, 100% are positive (XBit & sberbit share the same percentage of positive user reviews).

Although the final decision, which exchange — sberbit or XBit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, although XBit has a lower total rating 82 vs sberbit with 83, 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 XBit legit or scam?

Now it's time to draw a conclusion, is XBit a scam or is it a legit exchange? Well, XBit is definitely a legit exchange, it can't be called scam for sure! Let's summarize what we like most (and what we don't) about the XBit:

  • There is no information about the business entity, regulatory compliance, etc.
  • The broker doesn't hold customers' funds, instantly delivering monies to your wallet
  • The service exists for rather a long time; exchange was started 2 years and 2 months ago
  • Exchange supports 3 cryptocurrencies and 3 fiat ones (totally 13 payment systems / banks are available). There are no extra services besides the digital currencies exchange
  • It charges moderate fees: from 2% to 6% depending on the payment method
  • The purchase and withdrawal limits are among the highest: from $1,500 to $43,707 USD, it depends on a payment system choice
  • XBit allows registrations from 255 countries; people from United States may use the service
  • Clients' testimonials are perfect, 100% (2 out of 2) note their positive experience dealing with XBit.

Overall rating for XBit: 82 / 100