- OTC trading desk is ideal for buying or selling large blocks of BTC
- Licensed Bitcoin exchange in New York, operates legally in all 50 states
- Limited payment options
Payment Methods Accepted
|Payment Method||Funds Available||Currencies||Fees|
|Wire Transfer||1 day||USD||None|
Traders can funds accounts via wire transfer. itBit charges no deposit fees. Fees charged by your bank may apply.
itBit supports customers around the globe in most countries. Texas is the only U.S. state not supported.
- Payment Methods Accepted
- Supported Countries
- Limits & Liquidity
- Customer Support
Limits & Liquidity
itBit provides two services: a global Bitcoin exchange and an OTC trading desk. Neither service limits the amount of bitcoins that can be traded assuming proper verification has been submitted.
itBit’s OTC trading desk trades between 15,000 - 25,000 XBT per month. The average OTC trade size is around ~350 bitcoins and made at or below spot price.
More information on itBit’s OTC trading can be found here.
U.S. residents can complete identity verification using itBit’s Knowledge Based Authentication, which does not require ID scans.
Users outside the United States must provide ID scans and proof of residence documents.
International accounts may take 1-3 days to become verified. US customers may be able to verify faster using itBit’s knowledge-based authentication system.
Deposits made via wire transfer can take anywhere from 1-3 days to arrive depending on your bank.
Purchases can be made instantly once an account has been verified and successfully funded.
itBit was the first Bitcoin exchange to receive a charter from the New York State Department of Financial Services. The charter gives it the ability to operate legally in all 50 U.S. states. As a licensed exchange, itBit is audited regularly and follows all consumer protection laws.
itBit charges just a 0.2% taker fee on its global exchange.
A flat 0.1% fee is charged on the OTC trading desk, but trades are often executed at or below spot price.
itBit offers global phone support 24 hours a day, Monday through Friday. Its US office can be reached at (855)-997-2994.
Support is also available through email at [email protected] or via Whatsapp at (+65) 8428 3877.
Review by: Jordan Tuwiner
Rating: 4.1Visit itBit.com