The Bitonic Exchange is a European company that has been around since 2012. It is a great place to buy and sell bitcoin. Its unique trading platform allows you to purchase bitcoins directly from their stock and get them delivered to your door at the price quoted. As a bonus, there are no commission fees or hidden costs, which is important for newbies. The exchange offers competitive prices and does not change exchange rates. The Bitonic exchange offers a variety of trading options for users. They accept many cryptocurrencies, including bitcoin. The Bitonic exchange also offers merchant services for users, so you can sell and buy cryptocurrencies from e-commerce outlets. To get started, you must sign up with the exchange.
| 👑 Cryptocurrencies | BTC |
| 📈 Securities tradable | 1 cryptocurrencies |
| 💵 Cost per trade | Maker: 0.60% Taker: 0.60% |
| 💬 Customer service | Email : Yes, Phone support : Yes, live chat : No. |
| 💰 Desposit Fees | 0 |
| 💰 Withdrawal Fees | 0.000051 BTC |
| 💰 Payment Methods | Bank transfer (ACH), Credit Card, Cryptocurrency |
| 🔋 Mobile app | IOS App : No, Google Play Android App : No |
Initially, Bitonic only offered trading via Bitcoin, but gradually started adding more digital currencies that suited its decentralized standards. It has now expanded its list to include more digital currencies like Litecoin, Ethereum, XRP, as well as many others that offer promise and suit its criteria.
Bitonic is a cryptocurrency platform that was founded in 2012 the current COO is Niels van Groningen . Bitonic has headquarters in Amsterdam-Noord, North Holland, Netherlands and offers the buying and selling of over 1 cryptocurrencies to customers all over the world. Buying and selling cryptocurrency can be done online. If you are looking to trade crypto using your mobile phone, Bitonic offers native mobile apps to buy and sell cryptocurrencies, directly from your phone.
You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin. With Bitonic you can also exchange your cryptocurrency with fiat currency, such as the UK Pound or US Dollar.
Risk warning : Trading cryptocurrencies is high risk. When trading CFDs losses may exceed deposits.
Bitonic works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another.
Following are the advantages of using Bitonic:
Bitonic is considered one of the simplest platforms for cryptocurrency investing. You can easily register and deal in digital currencies within minutes. Bitonic also offers a learning platform that rewards users with cryptocurrencies to learn about how they work.
Bitonic has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.
High liquidity guards investors from price slippages in a market that is already volatile. Bitonic currently ranks among the highly liquid exchanges.
Bitonic offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Taking classes also earns you certain digital currencies.
Contrary to brokers focused on trading, Bitonic enables traders to take custody of their cryptocurrency assets for themselves. Bitonic provides its cryptocurrency wallet, but traders can bring their wallets. This way, traders can pick the solution that suits them the most.
Bitonic also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. This, however, comes with different risks. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. Bitonic shares that type of reward with its traders. Bitonic takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.
Following are the disadvantages of Bitonic:
Although Bitonic has a vast variety of altcoin choices for beginner investors to interest themselves in. Those seriously wanting to trade in altcoins may not find a good selection there.
Bitonic has higher fees compared to other exchanges. Its fee structure can also be confusing. If you are using Bitonic ‘s basic platform, you will not be able to find a schedule before you proceed to place a trade.
Bitonic allows you to trade around 1 digital currencies including BTC and many more.
Bitonic has 1 cryptocurrencies available to registered users. These cryptocurrencies include BTC.
Bitonic offers its own stablecoin called Bitonic. Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. Traders can buy stablecoins on Bitonic.
Although Bitonic have a good offering of crypto assets, more experienced cryptocurrency investors may not find enough options for their needs.Bitonic has a decent variety of altcoins for traders to choose from with over .
Different cryptocurrencies at Bitonic come with different limitations and set withdrawal amounts. You may only be able to trade some with fiat currencies like the US dollar. Some may also be restricted in some countries. Users can buy cryptocurrencies via debit card. They can also purchase crypto with funds in their Bitonic wallet.
Bitonic has upwards of 1 cryptos available in multiple regions of the world.
Bitonic allows users to take custody of their cryptocurrency assets themselves. Users can either use Bitonic’s crypto wallet, or their own. Bitonic also has over 1 fiat currencies available including EURO all accessible to registered users.
Bitonic enables customers holding crypto to take part in staking rewards. It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. That revenue is shared with customers.
Bitonic Users will have to pay a Maker: 0.60% Taker: 0.60% trading fee as well as deposit fees of 0 when buying and selling cryptocurrency with Bitonic.
Outgoing Bitonic transactions to outside crypto addresses normally require a network fee, also known as a mining fee. This ensures the processing of transactions on crypto networks. This fee is then forwarded to crypto miners, the systems processing the transactions.
Trading commissions at Bitonic work similarly to traditional share dealing fees. That means users have to pay a variable commission. The standard trading commission at Bitonic is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency.
With Bitonic standard cryptocurrency to fiat withdraw fees varies by cryptocurrency, instant cash-out of your Bitonic account. A withdrawal fee of (0.000051 BTC) may also be required for certain 3rd party payment methods instead of using cleared bank funds.
Bitonic charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading.
The payment methods offered at Bitonic are Bank transfer (ACH), Credit Card, Cryptocurrency. Bitonic also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.
If you have cryptocurrency or traditional fiat currency in your Bitonic account and want to withdraw it, you must use the same payment method that you used to deposit it. This is because of anti-money laundering legislation.
Users can withdraw their digital currency from Bitonic to fiat at any time through an ACH transfer. Such transfers usually take 1-2 working days to complete. Bitonic also allows instant cash-outs that run twenty-four-seven, to cards or bank accounts in exchange for extra fees (1 percent).
Contrary to holding cash in a traditional bank, cryptocurrency is not secured under federal laws. Bitonic stores 98 percent of its users’ cryptocurrency offline in what is known as cold storage. The remaining 2 percent is meant for facilitating trading volume. The platform also has an insurance policy that protects users’ cryptocurrency holdings.
Bitonic holds its customers crypto in its free wallet service. Users can even choose to hold their cryptocurrencies in separate wallets. Bitonic requires its users to finish a 2-factor authentication process to log in to their accounts. Other than that, Bitonic also has biometric login (fingerprints and Face ID) security as well as AES-256 encryption when it comes to private keys. Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere.
Bitonic holds your cash in one of three locations: custodial accounts found at US banks, US money market funds, US Treasuries and for European Bitonic clients FCA regulated European banks may be used.
Bitonic does offer two-factor authentication for added security.
Specific device whitelisting is a feature that enables cryptocurrency withdrawals to only be sent to devices that are allowed. The two-factor authentication feature is required to enable or disable the feature. This allows Bitonic customers to withdraw to authorized devices.
Bitonic has a large amount of liquidity. In that case, wide spreads should not be a big concern. Liquidity also allows for significant transactions without any problems.
To open an account at Bitonic, the first step to get started is to provide your name, email address, password, and the state you live in. Choose “create an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended). The last step is to link a payment method.
Bitonic has a simple, user-friendly interface.
Bitonic offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin.
Bitonic is fairly easy to use. The sign-up process takes only a few minutes. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at Bitonic.
The availability of mobile applications for such platforms is highly crucial for investors that are always on the go. This way, they can effortlessly place market offers, and keep tabs on live market data, i.e., shares, currencies, stock indices, commodities, etc. Bitonic has highly rated applications for both iOS and Android.
The Bitonic app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.
The Bitonic app can be found on the Play Store on all Android devices, offering the same features as the desktop website.
Bitonic enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process.
Bitonic registered users can request support through email, phone, live chat when available. Support options are available through the Bitonic website and apps. If you have an issue that needs to be resolved you also speak to a representative by filling out a form on the Bitonic website. Bitonic also has a help page for solving common problems with your Bitonic crypto account.
Bitonic phone support can be accessed by called them on +31(0)20 226 5289.
Bitonic email suport can be reached at [email protected]. Although Bitonic usually respond within 2 days it may take up to 7-14 days for a response to some queries during peak times.
Customers can reach out to Bitonic via live chat at any time if they have issues or difficulties with their Bitonic account that they can't solve. Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.
Bitonic is available in over countries. Bitonic does not operate in the following countries : Afghanistan,Haiti,Iran,Iraq,Jordan,Kazakhstan,Kosovo,Lebanon,Libya,Macau,North Korea,Palestinian Territories,Panama,Sierra Leone,Syria,Yemen.
Bitonic offers remarkably high limits and they depend on the user’s account level. A user’s account level is determined by the amount of information they have verified. Fully verified users can buy up to 50K USD worth crypto every day.
Bitonic is a regulated company that is backed by major investors and holds licences for all the districts it operates in.
Yes, Bitonic is among the safest web wallets available. It keeps 98 percent of its assets in offline cold storage. Assets cannot be hacked while in cold storage. Bitonic also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption. Your wallet is also covered up to 250K, courtesy of FDIC Insurance.
Yes, Bitonic is compliant with all applicable regulations in every jurisdiction it operates in.
Bitonic ‘s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on Bitonic‘s website. Bitonic also has a “Help” section for less complicated issues.
Bitonic makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple. It offers a vast collection of cryptocurrencies to trade, and users can also earn staking rewards, among other things.
🤴 Used By: 100,000
⚡ Crypto Available: BTC and 1 more cryptocurrency.
📈 Traded Volume: 808,747
💵 Deposit Methods: Bank transfer (ACH), Credit Card, Cryptocurrency
💰 Trading Fees: Maker: 0.60% Taker: 0.60%
💰 Withdrawal Fees: 0.000051 BTC
💰 Deposit Fees: 0
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 23,200,000
⚡ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
📈 Traded Volume: 41,693,321
💵 Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,
💰 Trading Fees: Fees vary. Overnight and weekend fees apply
💰 Withdrawal Fees: US$5 (minimum withdrawal of US$50)
💰 Deposit Fees: Fees vary (conversion fees for non-USD deposits)
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 13,000,000
⚡ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
📈 Traded Volume: 42,043,394
💵 Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,
💰 Trading Fees: Fees vary
💰 Withdrawal Fees: Fees vary
💰 Deposit Fees: Fees vary
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 4,000,000
⚡ Crypto Available: BTC, ETH, ETC, XTZ, CLV, EOS, OMG, BNB, LTC, UNI and 820 more cryptocurrency.
📈 Traded Volume: 5,945,756,067
💵 Deposit Methods: Cryptocurrency
💰 Trading Fees: Maker: 0.20%
💰 Withdrawal Fees: Fees vary
💰 Deposit Fees: None
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 1,000,000
⚡ Crypto Available: BTC and 1 more cryptocurrency.
📈 Traded Volume: 612,000,000
💵 Deposit Methods: Bank transfer (ACH)
💰 Trading Fees: None
💰 Withdrawal Fees: Fees vary
💰 Deposit Fees: Fees vary
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 8,000,000
⚡ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO and 434 more cryptocurrency.
📈 Traded Volume: 110,957,137
💵 Deposit Methods: Cryptocurrency
💰 Trading Fees: 0.10%
💰 Withdrawal Fees: Fees vary
💰 Deposit Fees: None
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 10,000,000
⚡ Crypto Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM and 320 more cryptocurrency.
📈 Traded Volume: 924,266
💵 Deposit Methods: Cryptocurrency
💰 Trading Fees: Maker: 0.2%
💰 Withdrawal Fees: None
💰 Deposit Fees: None
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 73,000,000
⚡ Crypto Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC and 73 more cryptocurrency.
📈 Traded Volume: 7,622,846,254
💵 Deposit Methods: Bank transfer (ACH)
💰 Trading Fees: Fees vary
💰 Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
💰 Deposit Fees: Credit/debit card: 3.99%
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 450,000
⚡ Crypto Available: BTC, ETH, XRP, EOS, LTC, XLM, USDT, OMG, ZRX, MKR and 42 more cryptocurrency.
📈 Traded Volume: 64,141,140
💵 Deposit Methods: Bank transfer
💰 Trading Fees: Maker: 0.05-0.15%
💰 Withdrawal Fees: Fees vary
💰 Deposit Fees: No Fees
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 10,000,000
⚡ Crypto Available: BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH and 153 more cryptocurrency.
📈 Traded Volume: 2,630,000,000
💵 Deposit Methods: Credit card
💰 Trading Fees: Maker: 0.04-0.20%
💰 Withdrawal Fees: Cryptocurrency: Fees vary
💰 Deposit Fees: None
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
🤴 Used By: 2,300,000
⚡ Crypto Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS and 10 more cryptocurrency.
📈 Traded Volume: 86,072,667,390
💵 Deposit Methods: Bank transfer (ACH)
💰 Trading Fees: 2.9-3.9% (depending on loyalty level)
💰 Withdrawal Fees: Fees vary
💰 Deposit Fees: Credit card: 5%
Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.
Following are the most commonly asked questions (and their answers) about Bitonic:
Yes, Bitonic is backed by high profile investors and regulated by reputed financial authorities.
Users can withdraw their crypto to fiat any time they want through an ACH transfer. Such transfers normally take 1-2 working days. Bitonic also allows instant cash-outs to cards or bank accounts in exchange for extra fees.
Yes, because of how easy-to-use its web and application interfaces are, Bitonic is seen as one of the best options for beginner traders.
You will need to pay taxes on any cryptocurrency profit you accrue. How cryptocurrency is taxed differs on where your country of residence is and where you are in the world. In the USA federal income tax purposes, cryptocurrency is considered "property," which means the IRS classifies it as a capital asset. This means that the crypto taxes you pay are the same as the taxes you'd pay if you had a profit or loss on a capital asset sale or exchange.
Any earnings made on crypto assets held as a personal investment in the United Kingdom will be taxed. It is stated that you must pay capital gains tax only on gains that exceed the annual exempt level.
Individuals must pay taxes on cryptocurrency received as a result of mining, airdrops, confirmation incentives, and cryptocurrency acquired as a paycheck from an employer. Unless the donation exceeds the acquisition cost, crypto assets donated to charity are not subject to capital gains tax.
Check with a local accountant to check if any tax is due on your cryptocurrency trading.
If Bitonic isn’t quite what you are looking for you can check out some of the best Bitonic alternatives below.
If you would like to see Bitonic compared agains some of the best Bitonic alternatives available right now you can do so by clicking on the links below.
Adam Rosen - Lead financial writer