- Simple and easy to use trading platform
- Wide array of payment options and fiat currencies supported
- Highly safe and secure
- Low and competitive fees
- Only cryptocurrency asset is Bitcoin (BTC)
- Trading platform is lacking advanced features and functionality
Cubits is an all-inclusive Bitcoin services solution that features a secure and easy to use Bitcoin wallet, an exchange service for buying and selling Bitcoin, and a Bitcoin business solution service for accepting Bitcoin as a viable method of payment. The Cubits company was founded in 2014 with a mission statement being, “One World, One Currency”. Cubits is striving to build the future of finance by combining the power of Bitcoin with traditional financial tools to reshape finance by offering faster, cheaper, and more secure payments. Cubits not only wants to make Bitcoin accessible to users through their exchange service, but they want to make it easy to use as well. Cubits is therefore aspiring to become the biggest blockchain based financial institution in Europe. Cubits is based out of the UK with their headquarters located at 6 Agar Street, WC2N 4HN, London, United Kingdom. The Cubits cryptocurrency exchange and Bitcoin services are not yet regulated but are built with the highest standards of security, making it a viable crypto exchange to trade with. However, with so many cryptocurrency exchanges to choose from, why choose Cubits? Or should you even choose them? Find out in our review, where we delve into all aspects the Cubits cryptocurrency exchange has to offer and discover whether they can be trusted and how they stack up against the competition.
Cubits features a very easy and simple proprietary web-based trading platform that’s compatible across all desktop computers and smart mobile devices via the web-browser interface. The trading platform is by no means advanced or feature rich like Meta Trader 4 or other traditional trading platforms. Cubits takes a different approach and provides a platform that makes buying and selling Bitcoin as easy as sending an email. For instance, Bitcoin can be bought in 3 simple steps, see them below.
- 1. Select amount and currency
- 2. Choose one of Cubit’s trusted payment providers
- 3. Get Bitcoin transferred instantly into your Cubits wallet
There you have it. It’s fast, simple, and easy. The trading platform does not feature any charts, indicators, or any other analysis tools. Therefore, the Cubits trading platform is for the mainstream user who only wishes to acquire or sell Bitcoin at the current market rate. The platform does this very well and provides traders with 7 different payment methods including; Visa, MasterCard, Sofort, Skrill, OKPAY, China Union Pay, and Dotpay. As for selling Bitcoin, users can do so for a variety of fiat currencies and then transfer said fiat to their bank account SEPA or international bank wire transfer. The entire buy and sell process on the Cubits crypto exchange is incredibly seamless and easy.
Cubits only supports the buying and selling of Bitcoin (BTC) as it is the number one cryptocurrency in the world with the largest market capitalization and adoption among businesses and user around the world. Though Bitcoin (BTC) is the only supported cryptocurrency assets available to trade, Cubits supports 20 different fiat currencies for buying and selling Bitcoin. See the supported fiat currencies listed below.
- EUR SEK HUF USD JPY
- GBP NOK HRK CAD CHF
- CZK RSD TRY BRL DKK
- PLN AUD RUB ARS KRW
Also, additional currencies will be accepted and converted to one of the currencies listed above.
Fees and Commission
The trading fees for buying or selling Bitcoin are very low compared with industry standards at only 0.9% per trade. However, Cubits does charge fees for deposits and withdrawals which vary depending on the payment method used. See the associated fees for different payment methods below.
- Cubits account: No fee
- Sofort: 1.8%
- OKPAY: 1.5%
- Dotpay: 1.5%
- Credit Card: 5%
- China Union Pay: 4%
- Skrill: 4.9% + €0.29
- SEPA: No fee
- SWIFT (Sell Bitcoin): €16.00
- SWIFT (Buy Bitcoin): €8.00
Security and Fairness
Cubits is a highly safe and secure Bitcoin exchange that employs cutting edge security technologies into their Bitcoin wallet and exchange platform. Cubits may not be licensed or regulated, but the Cubits team comes from a background of over 15 years of experience in the financial and web-based industries where security is of the utmost importance. Also, Cubits holds 100% of customer funds in secured offline multi-signature cold storage wallets where they are safe from hacking attempts and malware. Thus far Cubits has proven themselves to be a safe, fair, and transparent cryptocurrency exchange that’s trusted and used by many.
Customer support can only be contacted via email and their social media channels including Facebook, Twitter, and Google+. The best support received is via email, where support representatives will provide timely responses that are helpful and informative. Additional methods of support include the websites comprehensive help page. Here, users will find loads of articles and information on various topics regarding Cubits services and Bitcoin. All in all, the customer support is pretty good, although it would be nice to have a live chat or telephone support option.
The Cubits cryptocurrency exchange is an exceptional service for the mainstream user looking to simply and easily buy or sell Bitcoin. The exchange is entirely web-based and accessible from anywhere and from any device. The platform is fast, simple, and easy to use. Cubits has an excellent reputation and is trusted by many all through out Europe and around the world. Cubits supports a wide variety of payment options and numerous currencies. Also, the fees associated with the Cubits exchange are fairly low and quite competitive with the industry standards. All in all, the Cubits cryptocurrency exchange is an excellent option for any user looking to buy or sell Bitcoin for fiat currency.
The following are the common questions that customers inquired about Cubits.
Is Cubits regulated?
No, it is not regulated.
Is Cubits a scam?
No, Cubits is a legit crypto exchange that is trusted and used by many.
Where is Cubits based?
Cubits is located at 6 Agar Street, WC2N 4HN, London, United Kingdom.