itBit Review

itBit Logo

itBit was launched in 2012 in New York City with the aim of pushing the boundaries of sophistication in crypto assets trading, and they offer cryptocurrency traders with access to global exchange services, OTC trading desk, Custody Services, and Escrow services. They are also known for being America’s first regulated crypto asset exchange. The Exchange provides traders with a powerful trading platform for trading different crypto assets, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Stellar Lumens. Traders in the US and around the world get to enjoy deep liquidity, competitive fees, and robust API services. There are trading tools, educational resources, and a client support team available to ensure traders get the best out of their trades.

itBit Review Features Overview
itBit Review Features Overview

itBit Review Introduction

In this itBit review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my broker reviews. You can also use my free trading tool to compare brokers including itBit.

itBit Platforms & Tools

itBit provides traders with a crypto trading platform that gives both institutional and active traders access to securely buy and sell crypto assets. With its user-friendly and simple interface, the platform is designed to suit even beginner traders. Its unique features include charting and analysis tools, as well as an order book that is very easily comprehensive.

itBit Review Trading Platform
itBit Review Trading Platform

The Exchange also provides traders with a range of trading tools that help to ensure a seamless trading process. They include APIs, OTC Trading, Market Data, and more.

itBit Research & Education

Clients can also access various educational materials from the Exchange’s website. The available resources include trading blogs that contain a range of trading articles, tutorial videos, news, and announcements, as well as podcasts and webinars, press releases, and many more.

itBit Review Tutorial Videos
itBit Review Tutorial Videos

itBit Trading Accounts

The Exchange offers a live trading account to both institutional and individual clients. The account also allows customers to trade crypto assets on both the Exchange and OTC desk.

itBit Account Funding

Traders can deposit and withdraw funds to and from their trading accounts using any of the following payment methods:

  • Wire and Swift Transfer
  • ACH (US deposits only)
  • Silvergate Exchange Network (For Silvergate institutional customers only).
  • Cryptocurrencies

Some of the payment methods are only available in selected countries, while the transaction processing times may vary depending on the payment method.

itBit Customer Service

The Exchange has a client support team that is on hand to offer prompt responses to traders’ general, technical, and account-based inquiries. They can be reached through telephone, email, and social media.

itBit Regulation

itBit is operated by Paxos, which is a New York State-chartered trust company regulated by the New York State Department of Financial Services (NYDFS).

itBit Review Summary

Summing it all together, itBit is a regulated cryptocurrency exchange that is based in New York City. The Exchange has been in operation since 2012, providing traders with a powerful trading platform for trading multiple crypto assets. They offer a premium trading experience with zero commissions on trades, personalized customer support, and best-in-class security. Traders also benefit from favorable trading conditions, such as deep liquidity, competitive fees, and robust API service. There are multiple payment options but the Exchange only offers a single live trading account to clients.

It is worth mentioning that some of the trading products and services in this itBit review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the itBit broker website which you can visit by using the link below.

Crypto asset trading involves a high degree of risk. The crypto asset market is new, and unproven and may not grow. Currently, there is a relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. You should be capable to evaluate the merits and risks of the investment and be able to bear the economic risk of losing your entire investment.

itBit

6.6

Spreads

7.0/10

Liquidity

7.0/10

Commissions

7.0/10

Support

7.0/10

Regulation

5.0/10

Features

  • Multiple cryptocurrencies
  • Market Data and other trading tools
  • A selection of educational resources
  • Intuitive trading platform