A crypto exchange guide must provide reviews of all of the exchanges out there, so that you can find the right one for you. This review of Itez.com consists of four parts: general info, fees, deposit methods and security.
Itez.com is a crypto platform registered in Estonia that has been operational since 2019. This platform's offering is easy to describe: you can buy BTC with VISA or MasterCard in a fast and secure manner.
The platform is available in 10 different languages, including English, Spanish, Russian, Portuguese, Spanish and Thai.
As main advantages with the platform, the platform itself states, among other things, that it has no hidden fees; what you see is what you pay. Transparent pricing is something we always welcome here at Cryptowisser.com. They also promote the speed of their service and that their services are secured with the 3-D Secure transaction technology.
Itez.com has a B2B-solution directed towards crypto exchanges, through which they offer fiat to crypto on-ramp services. The main benefits with this solution, according to Itez.com, are the following:
- Crypto exchange does not need fiat licence (the whole process works under Itez.com's own licence - FVT000230 Providing a virtual currency service)
- Itez.com carries out all compliance related procedures with the user (KYC and AML check)
- No setup fee, no rolling reserves as in classical acquiring services
- Higher success rate of payments
- Accept payments form whole world (exclude USA, China, Japan)
- No fraud and chargebacks risks
Itez.com Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you.
Itez.com's purchase interface gives you the option insert the exact amount of USD, EUR or RUB that you wish to spend or the amount of BTC you wish to buy. This purchase interface makes it very easy to understand if you’re new to crypto, yet it might not offer all the advanced buy/sell features more experienced traders look for. Here’s a peek at Itez.com’s interface:
Itez.com Trading fees
This particular platform is more a cryptocurrency store than a cryptocurrency exchange. Or rather, they are a window into another exchange named Kraken. So when you place an order to purchase BTC here, the platform obtains the relevant amount of BTC from Kraken, and then provides it to you. All in order for you to have a seamless purchasing experience. The seamlessness, however, comes at a price. This exchange charges 5.00% + the relevant Kraken trading fees (currently 0.26% for takers and 0.16% for makers).
It is difficult to compare the fees charged by Itez.com with the industry average trading fee at a regular centralized exchange (0.213% for takers and 0.16% for makers), seeing as they offer another type of service than most centralized exchanges do. But to conclude on the trading fees, there are definitely cheaper ways to obtain crypto than through using the Itez.com platform. Itez.com's advantages are speed and convenience, rather than price.
Itez.com Withdrawal fees
Itez.com doesn’t charge any additional fees to withdraw coins. However, there are always network fees involved with transferring crypto, which is why we have listed the network fees under the withdrawal fee section of this exchange.
Deposit Methods and US-investors
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.
Itez.com does not allow US-investors on its exchange. So if you’re from the US and would like to engage in crypto trading, you will have to look elsewhere. Luckily for you, if you go to the Exchange List and use our exchange filters, you can sort the exchanges based on whether or not they accept US-investors.
The only way you can purchase cryptos at this platform is via credit or debit card. Both VISA and MasterCard are accepted here, with the protection of 3-D Secure. Here's a full overview of the various card types that you can purchase Bitcoin with at the Itez.com platform: