Assets, Bitcoin

How Do I Buy Bitcoin on itBit?

itBit is a global Bitcoin exchange licensed with the New York State Department of Financial Services. It also offers an OTC trading desk for large institutional clients.

For individual users, itBit offers a Bitcoin wallet as well as merchant processing services.

NOTE: WARNING: Buying Bitcoin on itBit is a risky endeavor and should only be done by experienced individuals. Investing in cryptocurrencies generally carries significant risk as the markets are highly volatile. It is important to understand the nature of the cryptocurrency you are buying and any associated risks before investing. Additionally, do not invest more than you can afford to lose and make sure to secure your wallet with a strong password.

To buy Bitcoin on itBit, sign up for an account and deposit US dollars, Euros, Singapore Dollars or other supported fiat currencies into your account. Once your account is funded, you can buy Bitcoin at the current market rate or place a bid/ask order.

itBit charges a 1% fee on all trades.

When buying Bitcoin on itBit, be sure to take advantage of its price charts and orderbook to get the best price possible. You can also use its OTC trading desk if you want to trade large amounts of Bitcoin.

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