itbit

Itbit Exchange

Itbit Exchange is a Bitcoin-specific exchange that offers digital currency trading services, including over-the-counter (OTC) services. The company was launched in November 2013 and is headquartered in New York. They have an international office in Singapore that provides free deposit and withdrawal services in Singapore dollars.

ItBit Exchange is now fully established as a bank in New York State, allowing them to conduct exchange services in all 50 states.

Itbit Exchange Services

itBit API

Itbit Exchange offers several APIs to integrate its digital asset market data into business or investment applications. The FIX API is provided to high-frequency entities and businesses. The Market Data API is used to access ItBit order books, pricing data, and trading data. The REST API provides the full trading capability for algorithmic trading or algorithmic market analysis.

Currencies available on Itbit

At ItBit Exchange, you can buy Bitcoin in US Dollars, Euros, and Singapore Dollars. OTC bitcoin trading can be done using ETH, BCH, LTC, XLM, PAX, BUSD, PAXG, and USDT currencies.

FDIC insurance

FDIC means that all accounts are insured up to $ 250,000. ItBit has made every effort to monitor and protect investors and traders, and to address issues that threaten exchange risks.

Strengths and weaknesses of Itbit Exchange

Positive points

• High security

• Available in 50 US states

• Storage of Bitcoins in cold storage

• High liquidity and reasonable costs

• Maintain FDIC insurance for all accounts

Weak points

• Short margins and sales

• Lack of mobile software

• Bitcoin is the only tradable currency

Costs and restrictions of Itbit Exchange

In each user transaction, there is a 0.20% fee for the recipient and 0.% of the transaction builder fee. Special ItBit exchange fees are available for those who trade more than 25 BTC in large size. Withdrawal of dollars through ACH for US citizens is a maximum of $ 3,000 and the fee for this withdrawal is $ 20 for $ 3,000. The wireless and international transfer fee are $ 40.

Bitcoin withdrawals are free in Singapore. The daily withdrawal limit is $ 2,500 and the monthly withdrawal is $ 15,000 by default.

Currencies supported on ItBit

ItBit supports the three Fiat currencies listed below:

• U.S. dollar

• Euro

• Singapore Dollar

The digital currencies supported by ItBit can be viewed below:

• Bitcoin

• Bitcoin cash

• Ethereum

• Litecoin

• Stumlar Lumens

• Paxos Standard

• PAX Gold

• Binance USD

Itbit mobile software

Itbit is easy to use due to its clean and user-friendly design. While optimized for mobile use, there is no app available for Android or iOS yet.