Bittylicious Exchange: Buy & Sell Crypto Instantly

Bittylicious is a cryptocurrency exchange located in the UK. It is one of the easiest exchanges to get started on because you can buy bitcoins in euros and USD, and sell bitcoins in euros and USD, as well as buy and sell bitcoins in euros and USD.

It is very easy to use because of the very simple interface. The exchange accepts a variety of payments and is strongly secured due to the AML KYK and 2 step verifications that are required to transfer the currency. Because of these features, the exchange is a perfect gateway to the cryptocurrency world.

What is Bittylicious?

Bittylicious is based in the United Kingdom and has been operating since 2013. The specialized exchange aims to streamline the buying and selling of cryptocurrency.

Users can get their Bitcoin or relevant altcoin in about 10 minutes from the initiation of the bank transfer.

Compared to the long wait times to complete the fiat-to-crypto transactions on a centralized exchange, this process is much faster.

Bittylicious Overview

How to Signup Bittylicious Account?

Here is a detailed step-by-step guide on how to create a Bittylicious account:

Visit Website: Use a secure browser to access registration on https://www.bittylicious.com/.

Click Sign Up: Find and press the \”Sign Up\” or \”Register\” icon on the homepage.

Enter Personal Details: Complete the form with your name and your email account. Then set the primary password that will be used to access your Bittylicious account. Ensure that the password is complex.

Verify Email: Look at your email account and select the verification email. Confirm your email account address by clicking on the URL.

Complete KYC Verification: In order to satisfy the KYC and AML requirements, you will need to upload your government-issued Identity Card and a Proof of Address document.

Enable Two Factor Authentication (2FA): To protect your Bittylicious account even further, set up a 2FA on your account with the Google Authenticator app.

Start Trading: You can buy or sell crypto on Bittylicious. Please fund your account through the available options first.

Based on the information you provided, here is a well-organized and streamlined data-focused section:

How to Buy and Sell Cryptocurrencies on Bittylicious?

To buy cryptocurrencies on Bittylicious, users must first create a crypto wallet, as this is where the coins will be delivered. A valid email address is also required, as no other personal information is needed for most users.

The process starts on the Bittylicious homepage, where the buyer enters the crypto wallet address into a field, then their email address. After this and after pressing the “Get Some Coins” button, Bittylicious runs an algorithm to establish purchase limits, taking into account account age, IP address, use of a VPN, time since last transaction, and level of account verification.

Once the user gets redirected to the next page, they must double-check the wallet address, the purchase amount, and enter the payment reference code from their bank account if they wish to complete the transaction.

Bittylicious also informs users of unsupported banks, so users must double-check that they are sending a payment from an approved one. After verifying the information and pressing I have sent payment, the system enters a state of waiting for the payment to hit the broker’s bank account.

The payment should arrive any minute, but Bittylicious allows as much as two hours to cash the payment before they will start the refund process. At the moment the broker has the payment, the buyer gets issued a transaction ID that they can use to track their crypto.

The process of selling crypto too has a similar system on Bittylicious. The user will place a sell order on the main page, and afterwards Bittylicious pairs the user with an appropriate broker.

As soon as the broker ends the wait for the crypto, the settlement transfers the funds to Bittylicious’ escrow wallet, and completes the transaction by sending all funds to the user.

The Services offered by Bittylicious Exchange

Fees for Trading on Bittylicious.

Bittylicious doesn’t disclose their fees. Bittylicious does not disclose fee structure as they take a margin from the exchange rate they provide to the users and as users are frequent buyers of commodities, they will not even realize they are being charged a rate, i.e. the Bittylicious exchange rate payable to users is equal to the rate available in the market.

Reports indicate that Bittylicious increased their Bitcoin selling price by 10%. This gap to the market rate has decreased recently, as apparent from other market reports.

If users constantly have to guess exchange rates, it is impossible to rate shop amongst competitors. Bittylicious does not disclose exchange rates, likely due to the lack of regulation.

Prospective users will have to consider the unknown and variable nature of Bittylicious’s fees. Users have to question is Bittylicious the exchange to use?

Fees for Withdrawing Money

Due to the nature of the platform’s business model, there is no such thing as a traditional withdrawal fee.

How to Deposit Money.

Bittylicious users can purchase cryptocurrencies using a bank transfer or credit card, which is very convenient for novice users. Crypto purchases also permit the use of AMERICAN EXPRESS, which is a relatively rare case in the market for crypto exchanges.

Bittylicious Payment Method

Users of Bittylicious have the option of six payment methods when buying cryptocurrency. These include Bank Transfer, SEPA Bank Transfer, Paytm, Barclays Pingi, RBS/NatWest PYC, and Credit/Debit cards. Each broker has different payment options available, and some only let sellers offer bank transfer or card payment methods.

Each payment method has different fees attached to it, and users should pay attntion to the fees relative to the payment method. While this structure can cause some variability, it compared to other cryptocurrency platforms, offers a wider array of transaction options.

Bittylicious Limits

The first of these limitations is the IP address. If you are not reaching the site with an IP address from the UK, you cannot make a purchase. The next restriction is the purchasing limit. Without verification, you can buy up to £50 worth of Bitcoins.

This limit increases with time as your account ages as well as the different verifications you’ve done. If you have spent more than £900 total worth of cryptocurrencies, there is a hard limit where you need to upload your ID.

Bittylicious API

The exchange has an API that allows you to access the current prices for the assets that are available on Bittylicious. Instructions for setting up this API can be found in the FAQ section of the website. Currently, this is the only API for this platform.

Prompt Support Services

Proposed customer service responsiveness in the Bittylicious Customer Support Policy is limited to the customer service hours in the United Kingdom. They have specialized in the customer service policies related to the anti-money laundering and Know Your Customer policies in the industry to provide a secure customer trading experience with the exchange.

Trading View of Bittylicious

There is a range of trading interfaces offered by the various cryptocurrency exchanges as there is no best view. Each trading platform has a trading order book, a price chart of the cryptocurrency being selected, and a history of the orders.

They have provided a basic trading interface and for those with no experience, it is user friendly. This may however be a drawback for seasoned traders as the interface may not have some of the more advanced features.

US Investors

They have not explicitly restricted Bittylicious Americans from using the platform. However, it is the US residents and citizens that will need to determine if there are any local regulations and laws that apply in their place of residence.

There are cases where US investors do not have the ability to trade on certain exchanges, and Bittylicious may be one of those.

Supported countries

Most clients of the exchange live in the member states of the European Union, but the platform also accommodates users from other countries.

However, there is a list of restricted countries, and the exchange does not process card payments from users in Cuba, Iraq, Iran, North Korea, Sudan, Syria, and Turkmenistan.

Bittylicious Features

Cryptocurrency Support

Starting out and for less active investors, they can simply buy and sell the more popular cryptocurrencies including Bitcoin, Ethereum, Litecoin, and a few other altcoins.

Fiat Currency Support

While more complex systems may exist, it supports minimal, more user-friendly transactions for deposits and withdrawals in regular fiat currencies like Euros and USD.

User Friendly Trading Interface

While advanced traders may expect more, it is straightforward enough for novice users is simply designed, user-friendly, and even has beginner-focused features like a smooth order book.

Security & KYC/AML Compliance

All users enjoy the safe, compliant trading environment that comes from the even more secutiry from the strict KYC and AML framework.

Payment Methods

Mostly crypto newcomers prefer and appreciate the flexibility and accessibility for Credit cards even for American Express, in contrast to the more dominant payment method of bank transfers.

Affiliate Program

While most details are sparse and the interested affiliates should be the ones contacting the company’s site, the referrals do allow for earning money.

Is Bittylicious Safe?

Bittylicious is not an anonymous company either having an affiliation with various companies in finance. Most customers do not redisplay their complaints. The company pays attention to what users say in social media or platforms such as Twitter, Bitcoin Talk, Bitcointalk, Reddit, etc.

It is true that there are not many negative reports regarding Bittylicious. Most customers appear to be satisfied with the services. Some reviews do not blame users for the warning because there are possible risks and Bittylicious is not regulated.

Bittylicious Team

Bittylicious Ltd, a company registered in England and Wales with company number 8540541. Bittylicious Ltd registered offices are at Unit 132, 275 New North Road, London, N1 7AA, United Kingdom. Nicole Gera and Marc Warne are stated as directors of the company.

Bittylicious Pros & Cons

Bittylicious Customer Support

Based on the reviews on Trustpilot, Bittylicious has great customer service and is highly rated due to their helpfulness.

Customer service is available through email during the UK working hours and there is also a help center with FAQs and guides for assistance on getting set up with a Bittylicious account, verification and transaction.

There is no phone support, however, customer support is able to communicate through email which has been stated to be efficient and safe. Thank you for the reviews on Trustpilot.

Conclusion

Based in the UK, Bittylicious is a beginner-friendly platform perfect for purchasing mainstream crypto such as Bitcoin, Ethereum, and Litecoin with fiat currencies. One of the things that makes Bittylicious stand out from others is the user-friendly interface that people of all technological abilities can easily navigate.

Compared to other options out there, Bittylicious is a more secure platform because of their Banking Level Anti-Money Laundering and Know Your Customer policies, and received AML/ KYC compliance.

Although they differ from other crypto platforms in their levels of support, Bittylicious has a very high transaction cost, and has lots of limitations when it comes to other options for crypto trading. Overall, Bittylicious is great for people just starting to invest in crypto because of their transparency and support.

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