Thinking to invest on Bitsane? Read this detailed review about Bitsane Exchange before you start investing.
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Bitsane is an Irish exchange that has a developed platform for spot exchange. The company’s headquarters are in Dublin, Ireland. The platform supports both cryptocurrency and fiat currency. The trading pairs at Bitsane are the traditional currency to cryptocurrency. Some of the popular currencies it offers are Bitcoin, Litecoin, Ethereum, Ripple and others.
The company is partners with some of the most efficient platforms such as Bitcoin.com, Coinmarketcap.com, bitcointalk, advcash, NewsBTC, CoinTelegraph, Cryptocoins news, Q pay, Trans data.
Features of Bitsane
The trading engine of Bitsane is really fast and efficient. There are complete trading instruments available for trade execution. For any support or query related to trading and exchange, Bitsane provides the assistance of professionals and experts who guide and solve the issues instant for a trading experience.
This platform provides several and easy payment options such as wire transfer, SEPA (Single European Payments Area), and advcash. Bitsane also has a mobile application for user convenience.
This mobile application is compatible with both Android and iOS. There are several features available such as real-time quotes, buy/sell option, easy and instant deposits and withdrawals. Also, there is fast customer service option available for new timers and beginners.
Bitsane also offers Affiliate programs on this platform. Several brands or people can become an affiliate and promote Bitsane through referrals and recommendations. In return, the affiliate could earn cryptocurrency.
There are also strong and powerful API’s that developers could use to build applications. Both public and private API’s are available on Bitsane for developers who can integrate Bitsane features on their own platforms.
As far as security is concerned, Bitsane follows strict Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) guidelines or policy. Only those users who have valid ID proof’s can join the crypto community thus, keeping it safe. The platform also offers 2FA(two-factor authentication).
The servers are protected through network security, all the infrastructures are up to date, there is 24-hour network backup and the servers are continuously monitored with advanced tools.
Since the money circulation happen continuously on the servers, Bitsane prefers keeping them in ‘cold storage’. This keeps the money from cyber crimes and also eliminates the risk of volatility.
The fees at Bitsane is competitive compared to other exchanges right now. The fees for both individual and corporate maker is 0.15% and for taker is 0.25 %. For Advcash, the deposit fees for Eur is 6% and withdrawal fees is 0% for both individual and corporate and for USD it is 1% and 6% for deposit and withdrawal respectively.
For SEPA/wire, the deposit fee for EUR (trust fee is 0.5% and mister tango: 1EUR). and the withdrawal fee(SEPA zone: 5EUR and other countries: 30EUR).
Fees for depositing is free and for withdrawal Bitcoin, the fee is 0.001BTC. The withdrawal fees vary for different coins.
How to Trade on Bitsane?
In order to register a new account, a user can log on to www.Bitsane.com. Then click on the tab “Signup”. Enter the details.
A verification link will be sent to the registered email ID. Once the account is activated, the user can begin with trading and exchange.
Click ‘Balances’ → ‘Wallets’. Choose the currency you wish to deposit, click ‘Deposit’ on chosen currency. A deposit address will be generated, Copy the generated address, launch your desktop wallet (or else) paste the generated address and complete the transaction.
For fiat, choose the payment method, enter the amount and proceed.
Click ‘Balances’ → ‘Wallets’. Choose the currency you wish to withdraw, click ‘Withdrawal’ on chosen currency. Enter the amount and the address where you want to withdraw the money, press the ‘Proceed’ button to finish your withdrawal.
Buy/Sell at Bitsane
Bitsane has a user-friendly interface that is easy for both beginners and professionals. In order to buy the Bitcoins, select the order type. The order type could either be a limit order or market order. The user can select the amount and check the real-time value of that particular currency before placing the order.
For selling on Bitsane, firstly user can check the crypto balance. Once the funds are available user can select the order type and also check the current market price of the crypto before selling it.
There is a candlestick chart that shows the 24-hour volume of trading with different timelines. The user can also check the bidding for the trading pair of interest. The list of active orders can be checked from the user’s profile.
Bitsane is a Ireland based crypto-exchange that offers various methods to exchange the most famous coins with aggressive trading and payment fees. Another feature of the exchange is that it supports a few payment methods, including the SEPA, Wire and AdvCash.
Overall, the platform has a good interface, competitive fees, different altcoins and looks more promising.
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Bitsane Exchange Review 2019