Bittylicious Cryptocurrency Exchange Review : Pros & Cons

About Bittylicious

Bittylicious is a UK-based cryptocurrency exchange that allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Bittylicious was founded in 2013 and has since become one of the leading exchanges in the UK. The platform has a user-friendly interface that is easy to navigate and use, making it accessible to users of all skill levels. Bittylicious charges low fees for its transactions, making it an affordable option for users looking to buy and sell cryptocurrencies.

Information Table

How To Register At Bittylicious Exchange?

To register on Bittylicious, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your Bittylicious Cryptocurrency Account ?

There is no mandatory verification at Bittylicious, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bittylicious, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Bittylicious Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Bittylicious Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Bittylicious Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

Fees taken when buying virtual currency

As a buyer, you get exactly what you see on your trade page. No additional fees are taken so you get the full BTC amount shown on the page. This does not necessarily match what you wallet considers to be the “BTC price”, nor the price of any other markets. Bittylicious makes money by charging sellers on the system a small fee to use the Bittylicious platform, so only sellers get charged a fee.

Compare to other markets if you want a real comparison, and also bear in mind that include withdrawal fees in each transaction whereas almost every other site else doesn’t. In particular, please check out the section marked Small Trades which explains that small trades have a higher comparative cost because of large network fees, and these are outside Bittylicious’s control.

Features Of Bittylicious Crypto Exchange

Available At Android & IOS Store

Bittylicious Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Convenient Payment Methods

Bittylicious accepts a wide range of payment methods, including UK bank transfers, debit cards, and credit cards.

User-Friendly Interface

The platform has a user-friendly interface that is easy to navigate and use, making it accessible to users of all skill levels.

Fast Transactions

Bittylicious aims to complete transactions quickly and efficiently, allowing users to quickly access their purchased cryptocurrencies.

Reliable Customer Support

Bittylicious offers reliable customer support to help users with any questions or issues they may have.

Low Fees

Bittylicious charges low fees for its transactions, making it an affordable option for users looking to buy and sell cryptocurrencies.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

Bittylicious Conclusion

Bittylicious is a UK-based cryptocurrency exchange that allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. It offers a user-friendly interface, fast transactions, reliable customer support, and low fees. However, it also has its limitations, such as a limited cryptocurrency selection and the potential security and regulatory risks associated with trading cryptocurrencies.

Before using Bittylicious or any other cryptocurrency exchange, it is important to thoroughly research and understand the platform and the risks involved in trading cryptocurrencies. This includes considering factors such as market volatility, security risks, and regulatory risks. Additionally, it is always a good idea to diversify investments and not to invest more than you can afford to lose.