Review on itBit by Olugbenga Ajayi
Itbit is a crypto exchange that is highly placed
Itbit is a crypto exchange that is based in New York. It is the first to be regulated as bank by the New york department for financial services. This has put the exchange highly above others in terms of liquidity, security and strict verification. It has also made it suitable for whales in crypto worlds and large institutions.
The exchange deals in bitcoins in majorly and it trades against flat currencies like EUR and USD. There is strict verification requirement for all accounts and deposit and withdrawal is made via crypto and flat currencies.
Transaction fees for takers and makers is just 0.20% which is fair according to what is obtainable in the industry. It is good to know that the exchange does not charge withdrawal fee.
Most of the features available on the platform are common to what is obtainable on other platforms except that itbit doesn't offer margin trading.
Since 8 years now, the exchange has operated consistently without any security breach and has maintained a good reputation.
Pros
- Itbit plaform is simply designed and suitable for all levels of traders
- There is no withdrawal fee and transaction fee is fair
- The exchange deals in both crypto and flat currencies
- There is downloadable monile app suitable for all platforms
Cons
- No margin trading
