Cubits
- Overview
- Security
- User Experience
Volume 24H: N
Cubits is an UK-based full-service Bitcoin crypto exchange. The platform allows users in almost every country besides the US to purchase Bitcoin by using a wide range of payment methods. Cubits offers direct buy and sell options across 27 different currencies in 8 languages. Transactions are instant and the process is easier than online banking.
The trading platform is simple and easy-to-use with an interface that has five tabs for different BTC operations and an activity tab with all pending and completed account actions. The exchange has a good support team with most questions answered via email within 1-2 hours. The KYC process is one of the fastest on the market -- sorted in a matter of minutes -- and usually requires only an ID.
Crypto Currencies Support
- BTC
Traditional Currency Support
- AUD
- BRL
- CAD
- CHF
- DKK
- EUR
- HRK
- HUF
- JPY
- KRW
- MYR
- NOK
- PLN
- RSD
- RUB
- SEK
- TRY
- USD
- VND
- ZAR
Language Support
- Chinese
- English
- Greek
- Italian
- Japanese
- Korean
- Spanish
- Turkish
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
Platforms Systems
- — Web Interface
Stock Market Options
Cubits offers their own wallet with 2FA, multi-signature and offline cold storage for all user funds. The exchange wallet for their BTC is hot since they use it for real-time outgoing BTC operations. Cubits partners with IDnow, a PCI Level 1 compliant company, to ensure user data is never at risk of exposure. IDnow regularly conducts security audits, vulnerability scans, and penetration tests.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | At Least 80 Of User Funds Are Stored In Cold Storage |
Cubits is run by Dooga Limited, registered in London, UK, and has another office in Berlin. Founded in 2014, the firm is privately funded by the management team: David Julian Mautner, Tim Rehder, Andreas Lehrbaum, and Benedikt Manigold, who have experience in IT, finance, and startup ventures. They aim to build the future of finance through financial connections between people around the world.
Summary:
Cubits is a user-friendly online brokerage platform for Bitcoin that offers all-in-one services: users can buy, exchange, store, and accept BTC as well as use it to pay for various services. They support 27 fiat currencies in over 40 countries and offer a secure wallet. On the downside, they have high fees, low privacy, and functionality and payment options are limited by user location.
| Ease of use | Intuitive |
| Transaction Fees | 0.8% + |
| Deposit/Withdrawal Fee | 0.8% + |
| Deposit/Withdrawal Fee For Bank Transfer | 0.8% -1.0 |
| Deposit/Withdrawal Fee For Credit Card | 0.8% -1.0 |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | 0.8% -1.0 |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party
Functionality:
Cubits offers multiple deposit options like bank transfer, credit cards, and partners like OKPay and SEPA. Fees are fixed at 0.9% on all buy and sell operations, while different payment options may attract other fees. The transfer limit for non-verified users is the equivalent of €150 per day. Verified users can request a higher transfer limit. They also offer Cubits Pay for merchants.
Most common customer complaint:
— High fees, brokerage-only