US investors permitted
Bitrush – Detailed review
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 Bitrush consists of four parts: general information, fees, deposit methods and security.
Bitrush’s domicile country is the Netherlands. This trading platform is not for people interested in the less established cryptocurrencies (ZCCoin, Trustnote Coin, Ultracoin, SuperNET Coin, Ybcoin, or coins of roughly the same size). Only the market leading cryptocurrencies are available for trading at this exchange.
Bitrush does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still do their own independent analysis of any problems arising from their residency or citizenship. In a worst-case scenario, they are still prohibited from trading at one or several exchanges that could be the best cryptocurrency exchange site for them (maybe including this one).
The one thing you must not forget is to check the trading fees of an exchange that interests you. Bitrush is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The only service offered is buying and selling BTC. When buying BTC from the exchange, the purchase price offered by the exchange is usually slightly higher than the market price. Conversely, when selling BTC to the exchange, the purchase price offered is usually slightly lower than the market price. The mark-up or mark-down is not specified anywhere. This is potentially a risk for you as an investor that you should be aware of.
On a very positive note, Bitrush claims on its website that the average processing time of its transactions is 70 seconds. This is extremely fast for a company offering this kind of service.
Considering how this exchange operates, withdrawal fees are irrelevant as comparison criteria.
Bitrush accepts deposits through both wire transfer, credit cards and cryptocurrencies – the full battery! This is of course a huge upside with Bitrush’s services.
One might ask why security is even a feature that we at Cryptowisser have looked for at the different top crypto exchanges. Two reasons:
- Exchanges store a huge amount of valuable personally identifiable information.
- Exchanges handle a lot of cash or coin deposits and withdrawals.
In light of the above, it is comforting to know that Bitrush’s security score is B, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is far above average when it comes to top crypto exchanges and could also be a factor making you conclude that Bitrush is the best cryptocurrency exchange site for you.
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.