• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
CRYPTONIT
Nexo Logo

Introducing…Cryptonit Bitcoin Exchange

Samuel Rae by Samuel Rae
7 years ago
in Cryptocurrency news
Reading Time: 3 mins read
Advertisement

When you decide to trade in Bitcoin, you must know that there are currently many options available  for individuals looking for Bitcoin exchanges. However, there are always a chance of you stumbling upon an exchange that is nothing but scam. We have seen multiple events in past that conjointly point to the same “scandalous” conclusion — people losing money. Therefore, it becomes necessary to research a bit before zeroing-in on a Bitcoin exchange.

As a Bitcoin news website, our search for such a reliable exchange has now brought us on the doors of Cryptonit. Looking at their website, one can see how the exchange caters for traders wishing to trade between multiple fiat and cryptocurrencies. These assets include: Bitcoin, Litecoin, Peercoin, Namecoin, Dogecoin, as well as US Dollar and Euro.

Background

For once, Cryptonit gives an impression of being the earliest of cryptocurrency exchanges. Launched in 2012, the trading platform is owned and operated by UK-based Cryptonit Solutions Ltd. As an exchange, Cryptonit works in close collaboration with the Financial Conduct Authority (FCA). Since the UK’s regulator has exempted Bitcoin exchanges from obtaining a regular license, Cryptonit is permissible to offer Bitcoin trading services throughout Europe.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Due to its involvement in sending/receiving fiat currencies, the exchange logo-cryptonit (big)has successfully registered itself with the HM Revenue and Customs as a Money Service Business with a status “Bureau Da Exchange” Their status can be accessed at HMRC website by entering their MLR number 12761601.

Overall, Cryptonit is in perfect sync with the ongoing Bitcoin regulations in the UK, meaning a low risk profile for traders.

No Red Flags

Ever since its inception in 2012, Cryptonit is running smoothly and steadily without bumps. The exchange has an SSL certificate, which is nothing less than a virtue. It is further equipped with a two-factor authentication that protects users from fishy login attempts. This parameter means a lot, considering the track record of many other exchanges that have lost the clients’ money to security loopholes. To make things further secure, Cryptonit has also integrated Google Authenticator and Yubikey.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Deposits & Withdrawals

The liquidity of Cryptonit is top-notch, for the exchange brings innumerable options for traders to deposit and withdraw money without any delays. For instance: the exchange offers international deposits and SEPA at 0%. It also has a reliable bank in Germany that offers a possibility to pay instantly via SOFORT. Here are the details:

Deposits

  • AstroPay                                                    2.5% (USD only)
  • International Wire Transfer / SEPA    0%
  • Dengionline                                              0%
  • MoneyGram                                             10% (USD and EUR)
  • Credit Card (Visa/MasterCard)             7.4% (USD and EUR) Saturday Special – 4.9%
  • OKPay                                                        1% (USD and EUR)
  • Payeer                                                        9% (USD and EUR)
  • PayPal WPS                                               9.8% (USD and EUR)
  • Perfect Money                                           3% (USD and EUR)
  • Skrill                                                           14% (EUR only)
  • SOFORT Banking                                     2.9% (EUR only)
  • Western Union                                        15% (USD only)
  • Voucher                                                     0%

Withdrawals

  • PayPal                                                 2% (USD and EUR)
  • Skrill                                                    8% (USD and EUR)
  • International Wire Transfer          0%
  • SEPA                                                    0%
  • OKPay                                                 1.5% (USD and EUR)
  • Perfect Money                                   1.5% (USD and EUR)
  • Payeer                                                 1% (USD and EUR)
  • Western Union                                  20% (USD and EUR)
  • MoneyGram                                       20% (USD and EUR)
  • QIWI                                                    5% (USD and EUR)
  • Paxum                                                 4.5% (USD and EUR)
  • WebMoney                                         3% (USD and EUR)
  • Voucher                                               0%

Affiliation Programs

Apart from Bitcoin and altcoin trading services, Cryptonit also offers three types of affiliate programs. The Option I, as the company refers it program, offers 0.05% commission to those individuals who brings new clients through a referral link. Moving further, the Option II allows developers and programmers earn by integrating Cryptonit trading in their bots, scripts, trading software, mobile applications. This program is only available for approved affiliates.

The third and the last affiliate program is Option III. This options allows approved affiliates to register Cryptonit users remotely. All affiliates need to do here is to refer Cryptonit to potential users directly from the mobile application. If the potential user converts into sales, then the affiliate is awarded with a 0.05% commission on all the transactions conducted by the new user.

Conclusion

Overall, Cryptonit is a decent and harmless Bitcoin and altcoin trading platform. Its user-interface is navigable and intuitive; the liquidity is top-notch; and the security features are good enough to confirm traders a peaceful sleep each night.

Tags: bitcoinBitcoin NewsCryptonitexchangetrading
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Rae

Samuel Rae

Related Posts

Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy

Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy

6 hours ago
Bitcoin

Can This Bitcoin Ratio Have Hints For A Bottom?

14 hours ago
Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

1 day ago
World Of Women, screenshot from the website

Blue Chip NFTs 101: The World Of Women Collection, Including And Conquering

1 day ago
crypto bear

Leading Crypto Exchanges See Negative Funding Rates, Have The Bears Taken Over?

1 day ago
bitcoin

Why Bitcoin Could Return To $28,000, But By The End Of 2022

1 day ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

Don’t Miss Out On Experts’ Top Crypto Picks! Gnox (GNOX), Algorand (ALGO) And VeChain (VET) Set To Lead Bullish Market

July 2, 2022

LBank Exchange Will List DEBT on July 5, 2022

July 2, 2022

LBank Exchange Will List Metavie Token (METAVIE) on July 5, 2022

July 2, 2022

Holon (HLN) Is Now Available for Trading on LBank Exchange

July 2, 2022

LBank Exchange Will List METAFASTEST (METAF) on July 1, 2022

July 2, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.