Cubits

Cubits

  • United Kingdom of Great Britain and Northern Ireland

  • Buy/Sell from the platform

  • Cubits.com

  • Since 2018

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

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

Traditional Currency Support

  • Australian Dollar (AUD)
  • Brazilian Real (BRL)
  • Canadian Dollar (CAD)
  • Croatian Kuna (HRK)
  • Danish Krone (DKK)
  • Euros (EUR)
  • Hungarian Forint (HUF)
  • Japanese Yen (JPY)
  • Malaysian Ringgit (MYR)
  • Norwegian Krone (NOK)
  • Polish Zloty (PLN)
  • Russian Ruble (RUB)
  • Serbian Dinar (RSD)
  • South African Rand (ZAR)
  • South Korean Won (KRW)
  • Swedish Krona (SEK)
  • Swiss Franc (CHF)
  • Turkish Lira (TRY)
  • US Dollar (USD)
  • Vietnamese Dong (VND)

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

Cubits 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
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

Advanced Security Features:

  • Email reports of logins
  • Email Notification of withdrawal
  • Email notification of deposit

Security Features:

  • SSL
  • PCI DSS standards
  • Regular Auditing Programs

Legal Registration or Compliance:

  • KYC/AML Compliant

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 c 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
Yes

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