Bitsane

Bitsane

Bitsane
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $5,227,452

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.

Traditional Currency Support

  • Euros (EUR)
  • US Dollar (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

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows the movement or resizing of boxes

Advanced
Options:

  • Limit Order
  • Market Order

Discounts For
The Big Traders:

  • Reduced Maker fees

Bitsane security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
No
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
They claim to hold user funds in cold storage but are not specific about it.

Security Features:

  • SSL
  • Protection from DDoS attackes
  • Regular data replication and backup

Legal Registration or Compliance:

  • KYC/AML Compliant
  • Counter-Terrorist Financing

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 use
Intuitive
Transaction Fees
0.1-0.29%
Deposit/Withdrawal Fee
0-0.09%, Free/Deposit
Deposit/Withdrawal Fee c For Bank Transfer
Free/Deposit, 5-30EUR/Withdrawal
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
1.1+
Anonymous Trading
Yes

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