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Bitsane

Full trading platformbitsane.comSince 2016
Intuitive Ease of use, High Privacy, Wallet platform Private Keys Stored
  • Overview
  • Security
  • User Experience

Volume 24H: BTC 65.3695/24h

Bitsane is a Europe-based full trading platform that offers support for exchanging Bitcoin, Litecoin, Ethereum, Ripple and others either against the Euro or between cryptocurrencies. The platform is flexible regarding means of payment and withdrawal, accepting several fiat currency deposit options.

This exchange is suitable for users who have had previous experience with crypto trading platforms. The interface is simple and relatively easy to use but does require some knowledge about basic trading principles.

Crypto Currencies Support

  • BCH
  • BTC
  • BTG
  • DASH
  • ETH
  • ICN
  • LTC

Traditional Currency Support

  • EUR
  • USD

Language Support

  • English

Country Support

  • European Union
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • United States of America

Platforms Systems

  • — Api
  • — Web Interface

Stock Market Options

Interface customisation:

  • — Charts
  • — Movement-resize-boxes

Advanced Options:

  • — Limit Order
  • — Market Order

Discounts For The Big Traders

  • — Reduced Maker Fees

Bitsane reassures its users that they take security very seriously stating that funds are held in cold storage wallets but they don't give further details about the methodology. The platform runs on servers with DDoS protection, they have an up to date infrastructure, and they perform regular data replication and back-ups. On the other hand, they don't offer 2FA.

Summary:

2 Factor AuthenticationNo
Funds InsuredFunds Are Not Insured
Private Keys Stored OnExchange Platform
Storage TypeThey Claim To Hold User Funds In Cold Storage But Are Not Specific About It

Advanced Security Features:

  • — N

Security Features:

  • — Protection From Ddos Attackes
  • — Regular Data Replication And Backup
  • — SSL

Legal Registration or Compliance:

  • — Counter Terrorist Financing
  • — KYC / AML Compliant

Neither Bitsane's website or social media profile links offer any details about the company behind this exchange. There are a lot of unconfirmed reports on Reddit and Bitcointalk about this platform being a fraud. The company is based in Ireland and it was registered there in 2016.

Summary:

Although they offer extensive support and payment methods, this platform offers no details about the company behind the exchange. We advise users to trade small amounts of funds and to use safer external wallets to secure their assets when using this exchange.

Ease of useIntuitive
Transaction Fees0.1-0.29%
Deposit/Withdrawal Fee0-0.09%, Free/deposit
Deposit/Withdrawal Fee For Bank TransferFree/deposit, 5-30eur/withdrawal
Deposit/Withdrawal Fee For Credit CardN/A
Deposit/Withdrawal Fee Charged For 3rd party Payments1.1+
Anonymous TradingNo

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds through a third party, Send/Receive Crypto

Functionality:

Bitsane stands out by offering numerous trading pairs against major cryptocurrencies. Users can easily transfer funds from other exchanges into their Bitsane wallet and can deposit Euro or USD by using one of their 3rd party deposit options. Their website is mobile friendly and the code is open-source, allowing developers to have complete API access.

Most common customer complaint:

— Withdrawal problems, slow transaction times, poor customer support