Bitsane

reviewURL: bitsane.com

Behind the platform there is the Irish company Bitsane Limited, which is based in Dublin. Additional information about the company and its investors is not available on the Bitsane website. Compared to other stock exchanges, Bitsane only plays an insignificant role according to market data of coinmarketcap.com in relation to the volume of trade. Consequently, Bitsane is currently only close to the top 100 of the listed crypto-exchanges. Most of the volume on Bitsane is made by Ripple trading the XRP/BTC, XRP/ETH and XRP/LTC currency pairs.

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Score
8.4
Bitsane
Score - 8.4Score8.4
Score Android - Score Android
Score iPhone - Score iPhone
Location - DublinLocationDublin
Currencies - EUR, USDCurrenciesEUR, USD
Languages - ENLanguagesEN
Buy with - EUR, USDBuy withEUR, USD
Fees - Maker 15% - Taker 0.25%FeesMaker 15% - Taker 0.25%
Altcoins - YesAltcoinsYes
Margin trading - NoMargin tradingNo (Exchange does not support margin trading)
Trust score - BTrust scoreB
Beginner friendly - NoBeginner friendlyNo (Exchange is complex and difficult for beginners)
Stability - 3. MuchStability3. Much (Exchange is stable, but it has a downtime in the high stakes)
Fiat - YesFiatYes (The Exchange supports Fiat currency as USD, EUR, etc.)
Support speed
SafetyB
API - YesAPIYes (API is available for public to use)
Rest API - YesRest APIYes (The Exchange has Rest API support)
Websocket - NoWebsocketNo (The Exchange does not have Websocket)
Mobile app - NoMobile appNo (Exchange does not have a mobile app)
Credit card - NoCredit cardNo (Exchange does not support credit cards)
Referral - NoReferralNo (Exchange does not offer an affiliate program)
Two factor authentification - YesTwo factor authentificationYes (The Exchange supports two factor authentication)
Withdrawal limit - By degree of verificationWithdrawal limitBy degree of verification (Exchange has a withdrawals limit)
Verification time
Lending - NoLendingNo (Exchange does not support lending)
Stop limit - NoStop limitNo (Exchange does not support stop limit)
US licence - NoUS licenceNo (Exchange don't have US licence for Money transmitter)
PGP support - NoPGP supportNo (Exchange does not have PGP encryption)

Bitsane, the innovative web-based trading and currency exchange platform, was formed in Dublin, Ireland in 2016. Today, the Irish startup’s headquarters are located in Fitzwilliam Street in central Dublin where its founder and CEO, Aidas Rupsys is strategically planning the upcoming launch of full-scale investment platform.

Because of the success of Bitsane in only under one year, Rupsys considers this platform to be the largest and most impactful cryptocurrency trading platform in Ireland to date. Bitsane strives to keep improving its model by listening to user feedback and adjusting its capabilities to the growing needs of the industry and customer.

Bitsane provides a conventional web-based trading and exchange platform with mobile-friendly design. It has a real-time market quotes section for all the trading instruments offered, an order book, market depth window and is equipped with basic candlesticks charting. The platform allows two order types: Market and Limit. Besides, Bitsane offers a powerful and simple API solution that allows you to develop your own crypto currency trading applications.

Methods of payment

One of Bitsane’s advantages is the variety of payment methods it offers. While many crypto-exchanges allows their clients to transfer only the cruptocurrencies it supports, Bitsane also allows payments in EUR and USD and rubles via bank wire transfer or SEPA, as well as by OKPAY and ADVCASH.

Unfortunately, Bitsane’s system does not support Credit/Debit card transactions yet, this option may be added in the future.

As we have mentioned, this exchange charges some fees on most deposit and withdrawal methods. Deposits in bank wire/SEPA and digital coins are free of charge with Bitsane, while payments via OKPAY and Advcash are charged with 3% (and 5% for deposits via Advcash).

Withdrawals via bank wire/SEPA involve a fee of 5 EUR.

Manuals for Bitsane

Signing up with Bitsane is a very simple process. First, the customer has to register a personal free account on the website. This step does not require a credit card, and no account information is needed. Then, make a deposit with either traditional money or cryptocurrency.

Bitsane provides flexible deposit options to the customer, such as SWIFT bank wire transfer, SEPA European transfers, OKPAY and AdvCash and more. Once Bitsane has received the deposit (which can take less than one minute), the customer is immediately credited and can begin to buy and sell Bitcoins, Litecoins, Ethereum, Iconomi.

When trading and withdrawing cryptocurrencies, the customer is permitted instant access to withdrawal funds. DASH and Iconomi can be traded for Dollars and Euro, and the AdvCash e-wallet allows users to make deposits and withdrawals to/from their Bitsane accounts.

Security rating of Bitsane

With the hacks and security breaches encountered by many cryptocurrency platforms in recent years, Bitsane takes its platform’s security very seriously. Its developers have created a state-of-the-art security which has network protection, network backup, a strong, modern infrastructure, cold storage and advanced monitoring.

These extra measures of security ensure that the customers’ funds and stored data are protected and secure at all times.

Review of Bitsane

Currently many of the renowned stock exchanges are not accepting new customers. On Bitsane, on the other hand, we were able to immediately open an account and trading crypto-currencies was available. Nevertheless, you should look more closely to whom you entrust you money. On Bitsane, we currently do not have a good impression and cannot in good faith recommend the stock market to our readers.

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