Review on LiteBit.eu by Aman Arora
Litebit moreover a reliable exchange for buying and inter Exchange of tokens
Litebit is a Netherland based crypto currency exchange offer trading of more than 50 cryptocurrencies. Exchange only allow its services to European countries and thatbis why lot of users find it difficult to use the services of the Exchange .
Litebit allows Fiat as well as Crypto deposits Fiat deposits are available in Euro through Bank deposits Giropay and SEPA.Litebit has a history of cyber attack and sufferred losses back in 2017 & that has always put doubts in the user's mind that the exchange is safe. Although Exchange offers 2FA authentication but inside attacks are real threat to user's funds.
Exchange also charge heavily with 2% transaction fees and there better exchanges available which charge way lowet than what litebit use to. Litebit is moreover a.swap service provider for European users and despite being several hacks and lack of availability to use the platform Litebit has continously providing secure and reliable service European users.
Pros
- Easy to operate and higly reliable with bank and other wallet deposits and withdrawls
- KYC of the userrs make sure there is no illegal use of the platform
Cons
- Limited services and lack of availability of most coins makes the exchange less reliable for trading
