UPDATE 1 November 2021: When trying to access the website of 1nvity.io today, we were unsuccessful. There have been no preceding messages on system maintenance or new websites or anything similar.
Accordingly, we believe that this exchange has closed down and we have marked it as "dead" in our Exchange Graveyard. If the exchange's website would become accessible again and the error is just temporary, we will "revive" it and bring it back to our Exchange List.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
1nvity.io is a cryptocurrency platform registered in the Czech Republic. It launched in 2020 and it is owned by the Czech corporation Invity.io s.ro.o and it's a member of the SatoshiLabs Group.
1nvity.io is more of a window into other exchanges' order books than anything else. You could view it more as a broker than a regular cryptocurrency exchange platform. When you access the platform, you input certain information in the platform's interface. That information you need to provide differs dependent upon if you would like to purchase crypto with fiat, exchange crypto, or sell crypto for fiat. After you have provided the relevant information, you press "Compare and buy" (or "Compare offers" or something similar, dependent upon what you want to do), and the platform presents you with the best offers out there right now.
To find the best offers, 1nvity.io works with the following list of partners:
Why do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC is so scary is because the US does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, one of which being when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. It is very likely that more cases will follow.
According to information from 1nvity.io to us here at Cryptowisser.com, the platform does indeed allow US-investors on its exchange. Or rather, some of the partners what 1nvity.io is a window to do. So if you're from the US, you should still be able to use this platform, although the number of offers presented to you might be more limited than the number of offers presented to investors from other regions.
1nvity.io Trading View
Every trading platform has a trading view. The trading view is the part of the exchange’s website where you can see the price chart of a certain cryptocurrency and what its current price is. There are normally also buy and sell boxes, where you can place orders with respect to the relevant crypto, and, at most platforms, you will also be able to see the order history (i.e., previous transactions involving the relevant crypto). Everything in the same view on your desktop. There are of course also variations to what we have now described. For instance, at 1nvity.io, they focus more on simplicity and speed than on availability of different trading tools. Here's the swap interface at 1nvity.io:
It is up to you – and only you – to decide if the above swap interface is suitable to you.
1nvity.io Trading fees
Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. Many exchanges divide between takers and makers. Takers are the one who “take” an existing order from the order book. Makers are the ones who add orders to the order book, thereby making liquidity at the platform.
As 1nvity.io is not an actual exchange platform, but rather a window into other platforms, the fees vary a lot dependent upon which of 1nvity.io's partners you ultimately choose to buy, exchange or sell at. Here's the list of fees that you will have to pay when buying from any of 1nvity.io's partners (all pictures below obtained at the date of first writing this review, 24 June 2021):
If you instead would like to sell crypto, there is apparently only one of 1nvity.io's partners offering that choice at the moment. Such partner is BTC Direct. For selling via 1nvity.io with the help of BTC Direct, you will have to pay 2.50%.
Finally, the fees for exchanging crypto is 0.50%, as further outlined in the below picture. This is the fee we have used as "taker/maker fee" in our database for 1nvity.io.
1nvity.io Withdrawal fees
This platform doesn't really have any withdrawal fees, seeing as you never actually trade on this platform. The platform never holds custody of your assets to begin with, so they can't charge fees for a transaction they can't execute. Accordingly, we have marked this platform's withdrawal fees as 0.
Finally, the available deposit methods at 1nvity.io are the available deposit methods at any of the partners' respective platforms. Consequently, as you can imagine, you can use a very wide number of different payment methods here.