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RE: LiteBit.eu: good but not an Exhange.

in #cryptocurrency7 years ago

Nice review. Would you suggest to use litebit? I'm a newbie in crypto but I think this website could be good for small investments, and to buy just few coins. If you have fiat and you want to buy on a stock exchange you have to purchase bitcoin or eth and then move your coins. It's not that hard but you pay multiple fees. Litebit is just faster for small amounts of money.

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I use LiteBit so I would recommend it. Although now for bigger purchases of Ethereum, Bitcoin and Ripple and crypto's that are worth more then a few cents I use Kraken. SEPA transfers wont cost you anything and the fees are 0.16%. However, many crypto's aren't available on Kraken so I use LiteBit or ShapeShift when possible.

Yes, it is a good place to start and you can find here coins that are otherwise more difficult to get by. But do your selling somewhere else. For me the problem is not by buying from them for a little bit more, but when I am selling. There is where you get played the hardest. There is a difference like 10 to 20 percent in the price which you can buy and sell the same amount of coins at that moment.