A trading cryptocurrency guide must 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 BitcoinToYou consists of four parts: general information, fees, deposit methods and security.
BitcoinToYou is an exchange based in Brazil. The land of samba and football (“soccer” for you Americans) is actually also a wasp nest of cryptocurrency exchanges. Among the biggest and most popular cryptocurrency exchanges from Brazil we find, inter alia, Bleutrade.
BitcoinToYou 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.
BitcoinToYou Trading fees
BitcoinToYou’s trading fees for takers are 0.60%. This fee is above the industry average which is around 0.25%. One should consider whether the exchange has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.
BitcoinToYou Withdrawal fees
BitcoinToYou charges a withdrawal fee amounting to 0.0007 BTC when you withdraw BTC. This fee is below the industry average and thus constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market.
BitcoinToYou offers wire transfer as a deposit method, but credit cards are not a permitted deposit method. This might of course be disadvantageous if you would prefer to use your credit card for any reason. However, as the exchange accepts deposit of fiat currencies at all, it distinguishes itself from many exchanges that only allows deposits in cryptocurrencies.
This exchange has a security score of F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):