What is itBit?
itBit is a US-based cryptocurrency exchange which offers its users the option to trade Bitcoin and several altcoins against fiat currency. The exchange was established in 2013 in New York City, with an international head office in Singapore. Other trading services include an OTC Agency Trading Desk and Crypto Asset Custody Services.
The platform supports the trading of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Paxos– as stablecoin. Users are able to trade against the following fiat currencies: USD, EUR, and SGD.
itBit is among the few exchanges that are actually regulated by an authorized regulatory entity in the United States. The exchange has a license issued by the New York State Department of Financial Services (NYDFS).
Its services can be used by all US residents except for those from Texas.
itBit’s web-based trading interface was developed to be intuitive and easy to use by any novice trader. But the platform lacks several advanced features which are…