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Jubiter

3.5 from 4 votes
Estonia
Supported coins

Fees

Taker fee

10%

Maker fee

0%

Withdrawal fee

0

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Jubiter – 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 Jubiter consists of four parts: general information, fees, deposit methods and security.

General Information

Jubiter is an Estonian cryptocurrency exchange. Estonia is actually the only country in the Baltics that has cryptocurrency exchanges. But there are more than one: BTCbear and Crex24 also both come from Estonia.

There is detailed information on the company behind the exchange on the exchange’s website. This is always comforting, as scam exchanges typically have less information that can be traced back to its owners. Jubiter is run by Jubiter Technologies OÜ, a company regulated by the Financial Intelligence Unit in Estonia and licensed to provide services of exchanging a virtual currency against a FIAT currency (license number: FVR000189) as well as a virtual currency wallet service (license number: FRK000158). There is also information on the company’s registered address and operational address on the website.

This exchange is not only an exchange. According to information on its website, it is also in the process of launching a cryptocurrency debit card. We are looking forward to adding such cryptocurrency debit card in our Cryptocurrency Debit Card List.

Jubiter is not for people who want to trade the smaller coins (SuperNET CoinUltracoinCentralityAdsharesZephyr Coin, or any coin with a similar market capitalization to those). The only cryptocurrencies you can buy or sell here are Bitcoin and Litecoin (but Bitcoin Cash and Ethereum is on its way). So, if you seek any of the smaller cryptocurrencies, you’ll have to choose another exchange.

Supported and Non-Supported Countries

US-investors can trade here. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

Citizens or residents from the following countries may however not trade here: Kuwait, Qatar, Saudi Arabia, Serbia, Turkey, United Arab Emirates, Bahrain, Bangladesh, Egypt, Ethiopia, Jordan, Lebanon, Libya, Mali, Mauritius, Morocco, Oman, Somalia, Sri Lanka, Trinidad & Tobago, Tunisia, Afghanistan, Algeria, Indonesia, Malaysia, Nigeria, Korea, Democratic Republic of (North Korea), South Sudan, Sudan, Yemen, Iran, Iraq, Occupied Territories, Pakistan, Syria, Vanuatu, Ethnic groups of Caucasus belonging to Russian Federation (Chechens, Lesgid, Ossetians, Ingushes, etc.).

Fees

Trading fees

The trading fees at this exchange are not clearly stipulated on the website (at least we couldn’t find them there). This is of course a bit troubling. According to information in an email sent to us, the trading fees are 10%. To begin with, this exchange operates a bit differently from other exchanges as it does not offer crypto-to-crypto trading (only fiat-to-crypto). The global industry average for crypto-to-crypto trades is a taker fee of 0.25%. Compared to that, 10% is 40 times higher. The comparison is a bit difficult to do though. However, in conclusion, the taker fee at this exchange could be substantially lower, in spite of the trading being fiat-to-crypto and not crypto-to-crypto.

Withdrawal fees

Jubiter does not charge any withdrawal fees. You could argue that the above trading fees include also the withdrawal fees, seeing how this exchange operates.

Deposit Methods

At Jubiter, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. Jubiter is an “entry-level exchange”.

Security

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 massive amount of valuable personally identifiable information. Exchanges handle of course a lot of cash or coin deposits and withdrawals.

Jubiter’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 a “feather in the cap” for Jubiter.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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