Numerous companies expose their clients to a variety of cryptocurrencies. In Europe, brokers are often more popular than traditional exchanges. LiteBit has built up a very strong reputation over the years.
An Introduction to LiteBit
Cryptocurrencies remain complex to understand for novice users. Buying bitcoin or an alternative asset is often considered “difficult” to do, even though that is far from the case. The LiteBit team acknowledges something had to change in this regard. The company was initially founded out of a desire to make the purchase of Litecoin more convenient back in 2012.
As a result, 2013 was the year in which 2525 Ventures B.V officially launched the LiteBit trading platform. Cryptocurrencies can be traded in a safe and secure environment. Users can also store their crypto assets on this platform, should they desire to do so.
To cater to as many users as possible, the company offers a wide range of payment methods. This will help the company grow even further. it also makes it a lot more straightforward for novice users to purchase their first cryptocurrencies.
LiteBit is headquartered in the Netherlands and provides customer support to all its customers in the European Union.
Which Currencies to buy?
Despite the name, LiteBit has become a broker primarily for bitcoin. That is not too surprising, as bitcoin remains the world’s leading cryptocurrency. Despite this demand for BTC, the company also provides exposure to 50 other crypto assets today.
Popular currencies include Litecoin, Ethereum, XRP, TRON, Stellar Lumens, and Verge. Lesser-known currencies, such as Syscoin, DENT, Viacoin, and DigiByte are also available for purchase and trading. More currencies could be added as time progresses and customer demand warrants additional offerings.
Supported Payment Methods
Catering to the entire European union is not easy. LiteBit acknowledges the demand for paying through a variety of convenient payment solutions. As such, the company supports credit cards, SOFORT, GiroPay, Bancontact, MyBank, iDeal, and EPS Uberweisung.
Users looking to sell their cryptocurrencies to the company will be paid through a bank transfer. Such transfers are processed twice a day by the company.
The Native Wallet Service
It is not too common for a cryptocurrency broker to provide native wallet support. In the case of LiteBit, the company primarily aims to remove all friction associated with handling crypto assets. Providing a native wallet service plays a crucial role in achieving that goal.
Through the native wallet, users can store their funds in a safe, secure, and convenient manner. All of the 51 supported crypto assets can be sued through this wallet service.
An interesting bonus is how users can sell cryptocurrency directly from this wallet. Plus, they don’t need to download external software and wait for the native blockchain to synchronize fully. That process can take anywhere from mere minutes to several hours.
An app for iOS Users
In this modern age, it is crucial for cryptocurrency brokers to have a native mobile application. LiteBit has an application for its iOS customer base, yet there is no Android alternative available at this time.
This application provides all of the core functionality. Users can buy, sell, and trade crypto assets, as well as utilize the wallet services provided by the company.
Customer Support Options
Any service provider in the cryptocurrency industry needs to provide customer support. For LiteBit users, several options are at their disposal.
They can either ask questions via Facebook, use the contact form, chat with a customer representative, or call the dedicated phone number for their region.