US investors permitted
A trading cryptocurrency guide must of course provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of AnyBits consists of four parts: general information, fees, deposit methods and security.
AnyBits is an exchange based in Ireland. In addition to this exchange, also Bitsane is from Ireland.
AnyBits does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still perform their own analysis of whether their home state imposes any legal obstacles to them trading at any of the top crypto exchanges that could be the best cryptocurrency exchange site for them.
AnyBits Trading fees
The fees at any exchange are naturally extremely important to consider.
This exchange’s trading fees for takers are 0.25%, but this fee is in line with the industry average.
AnyBits Withdrawal fees
AnyBits charges a withdrawal fee amounting to 0.0001 BTC when you withdraw BTC. This fee is substantially below the industry average. The low withdrawal fee constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market.
AnyBits does not accept any other deposit method than cryptocurrencies, so new crypto investors are actually restricted from trading here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then deposit them at AnyBits.
One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. The answer is two-fold:
- Exchanges store a massive amount of valuable personally identifiable information. From names to addresses, to government identification details, taxpayer identification number and a lot more; and
- Exchanges handle of course a lot of cash or coin deposits and withdrawals.
AnyBits has a security score of D, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/), which This is below industry average when it comes to top crypto exchanges.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.