Review on LiteBit.eu by Natasha Williams

LiteBit. eu is a European virtual currency exchange that trades over 50+ different digital currency likes altcoins and the tokens, it's not so much when compared to other exchanges I have used but it's okay for me as a trader cause I have access to some of my favorite altcoins and tokens like BTC, DOGE, Ethereum Classic, XRP and so other coins I trade once in a while although the exchange doesn't give me all I want and I feel they should make plans on listing new coins on their exchange, that way many traders would be attracted to them and the already existing users.



Creating an account was so easy, but you can't trade without going through the verification process, it's always time-consuming cause you have to drop most of your personal information and even some of your documents like your ID cards to verify your account, the process was indeed tedious, and times it could also be frustrating but the time spent on itBit. I was a bit less compared to what I spent Verifying some of my other exchange accounts.



The exchange has two mobile app one for android devices and the other for iOS devices, the android version has some bugs most times it takes a while to process my request, I tried to update the android version of the app but the issue persists, I was left with no other option but to try out the IOS version for iPhone, I got that on the apple store and I think the iOS version is pretty much okay cause it worked perfectly well and the User experience of the app was indeed awesome.



Trading is fast on the exchange, you can sell, buy or swap your coins in a short time, deposit works fast but the withdrawal takes a whole long day sometimes, funds were out of my account and it wasn't reflecting in my wallet I had to contact the support team for assistance, I was lucky the exchange has a good support team they attended to me within an hour addressed the whole issue with an assurance of receiving my funds, this kept me calm and I got the funds in my wallet the next day.



Wire transfer is the only deposit method supported for fiat, this makes the Debit card irrelevant as a way of getting started on the exchange. The fees were not so much, The withdrawal fees aren't fixed it changes, for every withdrawal you make the exchange takes 1.55% of the total transaction volume, this might appear nice, but when you are carrying out a high transaction volume these fee becomes so unbearable and traders won't make much profits, so I suggest traders go over to an exchange with a fixed withdrawal fee for transaction of high volume.