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 Bittylicious consists of four parts: general information, fees, deposit methods and security.
Bittylicious is one of the funniest names on a cryptocurrency exchange out there. Presumably it is some sort of reference to Destiny’s Child’s classic tune Bootylicious. But who knows.
Bittylicious’ domicile country is the United Kingdom. United Kingdom is the country which without a doubt has the most cryptocurrency exchanges in the world. At least that we know of. A non-exhaustive list of exchanges from the UK (in addition to this one) includes Exmo, CEX.io, CoinEgg, Livecoin, DSX, LocalTrade, CoinMate, Indacoin, MixCoins, Paybis, Vaultoro, Instant Bitex and eToro.
Bittylicious 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).
This exchange promises to give you prompt support during any UK working day, and also promises that industry best practices are followed when it comes to AML (Anti-Money Laundering) and KYC (Know-Your-Customer procedures).
Bittylicious Trading fees
Now this exchange is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The only service offered is buying Bitcoins and a number of altcoins. When buying a coin from an exchange such as this one, the purchase price offered by the exchange is usually somewhat higher than the real market price. This is potentially a risk for you as an investor. Accordingly, we strongly urge you to make you own analysis of the fees and price differences at Bittylicious before executing any transactions there and before concluding that Bittylicious is the best cryptocurrency exchange site for you.
Bittylicious Withdrawal fees
In light of how this exchange conducts its business, withdrawal fees are irrelevant.
At this exchange, you can purchase coins through both wire transfer and credit cards. This can be particularly helpful for newer crypto investors.
Bittylicious’s security score is C+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: