Review Litebit

Litebit.eu a Dutch broker where you can buy and sell extremely fast different cryptocurrency with popular payment methods. They have a wide variety of more than 50 different cryptocurrency which you can buy instantly and transfer to your wallet. On this broker’s website you’ll immediately see the value of all the coins and the prices are updated in real time. One of the differences with a regular exchange is that Litebit manages the stock by itself. This makes it possible to pay with known popular methods and send the cryptos instantly. The stock is updated regularly and the amount of this is completely transparent for everyone. Periodically, a new coin is added to the assortment, of which Litebit thinks it has the potential.

LitBit makes it very easy to participate into the world of cryptocurrency. They’ve made the purchasing process, sell process and storing crypto very easy without the need of technical knowledge. This makes Litebit a perfect platform for the starting user or anyone who wants to buy or sell cryptocurrency instantly.

Is Litebit a scam or legit?

If you trade with money on the internet you should pay close attention. Certainly in the cryptocurrency world there’re a lot of companies that are scams or fraudulent. Litebit is a company founded in 2013 and is registered with the Dutch Chamber of Commerce (CoC). Every company in the Netherlands must register under the law at the CoC to start a business. With this registration, all information of the owner is checked and only after approval you receive a special Chamber of Commerce number. Without this number it’s not possible to offer, for example: the iDEAL or Bancontact payment method. This company is fully checked by the Dutch trade register and you can assume that this company is legit. In recent years, Litebit has many satisfied users and built up a big name in Europe. We have also purchased cryptocurrency several times at this company and have so far received everything instantly.

Litebit Our Order History

Litebit: Our Order History

Buy and sell a large variety of cryptocurrency at Litebit.eu

At the moment you can buy and sell more than 50 cryptocurrencies at Litebit.eu. These cryptocurrencies are delivered from their own stock and will be delivered immediately after payment. The prices are updated in real time so you always pay the correct price when you buy crypto or receive the correct amount when you sell crypto. By clicking on a cryptocurrency logo you will get more information about this coin. For example, you’ll see the price per coin, the total inventory, information about the community behind the coin and the historical price range. For the service that Litebit delivers, they charge a fee that is calculated in the price. This fee is variable and can be different at any time of the day. Bitcoin and Ethereum will be charged a blockchain fee (miners fee). A fee is also charged for the use of the payment methods offered. You’ll pay a little more at Litebit than at a exchange, but in return they make it very easy to buy cryptocurrency and you don’t have to have technical knowledge and have understanding of (complex) exchanges.

Litebit Wide Variety of cryptocurrency

Litebit focuses on European customers, and therefore offers popular payment methods that are used in European countries. Of course, it is also possible to purchase coins outside of Europe if you have one of these payment methods.

Different payment methodes and the countries where they are used

One of Litebit’s unique features is that you can pay with current payment methods. See here a full list of all payment methods and from which countries you can pay.

Payment MethodCountries
iDEALThe Netherlands
SEPA BankwireWhole Europe, and everyone with an IBAN address. Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, The Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, UK
SOFORTGermany, Austria, Switzerland, The Netherlands, UK, Belgium, Czech Republic, France, Italy, Poland, Spain, Hungary and Slovakia
GiroPayGermany
BancontactBelgium
MyBankItaly and The Netherlands

Litebit Self Hosted wallets

Another unique feature of Litebit is that you can store cryptocurrency on a self-hosted wallet on the platform itself. Normally, each crypto has its own wallet, so you need many different wallets to store different cryptocurrencies. Litebit makes an end to this and offers a self-hosted wallet for 70% of the coins offered. This has the advantage that all supported coins can be stored in one place and you do not have dozens of different wallets. In the purchase process you can choose Use Litebit wallet and your own unique wallet address will be filled in immediately. The My Wallet menu allows you to view your full balance of all your coins. Here you can also find your wallet address and sell your coins to Litebit for special Litebit credits or sell it in exchange for euros. If you choose Litebit credits then you will receive credits to buy other coins on the platform. If you choose to sell it in euros, you will receive the amount on your IBAN account.

Verifications, tiers and limits

To buy cryptocurrency, Litebit needs to know who you are and has built in several checks to verify this. You have different tiers, to which a verification method is linked and the higher your tier the more you can buy.

TierVerifications
UnverifiedThere’s no verification needed. With an unverified account you can buy up to €2,100.00 monthly. It may be that IBAN authentication is requested. This can be completed with SEPA bank wire, iDEAL or Bancontact
Tier 1At the first tier, only the mobile number is verified. After entering the mobile number, you’ll receive a text message on the device with a special code. After entering this special code, your account has been upgraded to tier 1. With tier 1 you can buy up to €4,200.00 monthly.
Tier 2At the second tier, your place of residence is checked using a document that contains your information. The document must be directed to you and may not be older than 3 months. A valid document is for example: a bank statement or an invoice that you have received. With tier 2 you can buy up to €14,000.00 monthly.
Tier 3At the last tier, tier 3, you will be fully verified as a person using your passport. Make sure that the front and back of the passport/ID are clearly visible and also take a picture of yourself with the passport. Litebit stores all passports in an offline environment. With tier 3 you can buy up to €500,000.00 monthly.

UnverifiedTier 1Tier 2Tier 3
Daily€75.00€350.00€500.61€35,000.00
Weekly€525.00€1,050.00€3,500.00€245,000.00
Monthly€2,100.00€4,200.00€14,000.00€500,000.00
Payment gateways
iDeal€75.00€350.00€500.61€10,000.00
SEPA Bankwire€0.00€250.00€500.00€35,000.00
LiteBit Credits€0.00€350.00€500.61€10,000.00
SOFORT€0.00€100.00€500.00€1,000.00
GiroPay€0.00€100.00€500.00€1,000.00
Bancontact€75.00€350.00€500.61€2,500.00
MyBank€75.00€250.00€500.61€1,000.00

Litebit Coupon Code

If you buy cryptocurrency then you will see a special field for a Litebit coupon code. If you do not have a coupon code, you can simply leave this field empty. We’ve been using this platform for over half a year and have never seen a Litebit promotional code. These codes are probably only given to a small group of customers that are entitled to it. If a code is available through the website, social media or the newsletter, we’ll post it on Cloud Mining 101. If you have a code, let it know in the reviews.

9 Total Score
Excellent broker with unique features

Litebit offers an user-friendly platform where you can easily buy and sell cryptocurrency without technical knowledge. The assortment is very large and you can pay with popular payment methods. The coins are delivered from own stock, and Litebit send the coins instantly after payment to the specified wallet address. The prices are higher than a normal exchange, but in return you get convenience, easy-to-use platform, self hosted wallets and a good service. Customer service is available five days a week and respond very quickly to your questions.

Usability
9.5
Delivery Time
9.5
Prices
8
Customer Service
9
PROS
  • User friendly platform (easy for beginners)
  • Wide variety of cryptocurrency
  • Support of popular payment methodes
  • Instant delivery
  • Self hosted wallets
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