Nayana Patil Posted May 5, 2021 Share Posted May 5, 2021 What is ItBit? ItBit is a Bitcoin exchange that offers cryptocurrency trading services including the over-the-counter (OTC) service. The company was launched in November of 2013, and its headquarters is in New York. They have an international office in Singapore and offer free deposits and withdrawals in Singapore dollars. ItBit is a highly reputable cryptocurrency exchange for the trading of Bitcoins against fiat currency. The exchange markets themselves to institutional and professional investors as they operate with high liquidity and large trades. ItBit Fees and Limits There is a 0.20% taker fee and a 0% maker fee. Special ItBit exchange fees are available for those making large-block-size trades of over 25 BTC. When it comes to deposits, USD Wire Transfer has a fee of $10 from the US and $40 from other countries. SWIFT deposit fee is $40+ agent fees. US dollar withdrawal via ACH is free up to $3000 for US citizens, and over $3000 the fee of $20 is applied. The International Wire Transfer fee is $40. SWIFT transfers are also charged $40 plus intermediary charges paid to the third party. Singapore Dollar and Bitcoin withdrawals are free of charge. The withdrawal limit is set to $2,500 daily and $15,000 monthly by default. ItBit Mobile App ItBit is easy to use because of its clean and user-friendly design. While it is optimized for mobile use, but there is no app available for Android or iOS as of yet. Read more; CoinPedia Link to comment Share on other sites More sharing options...
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