Cubits Bitcoin Exchange
- Instant buy/sell
- Simple and straightforward
- Supports 20 fiat currencies
- Multiple payment methods
Europe’s all-in-one bitcoin platform.
Cubits aims to be a world-leading, all-in-one bitcoin service, able to offer everything you need from start to finish. Find out how it all works, the most important things to know and where to begin.
| Product Name | Cubits Bitcoin Exchange |
|---|---|
| Fiat Currencies | AUD, USD, EUR, SEK, HUF, JPY, GBP, NOK, HRK, CAD, CNY, CHF, CZK, RSD, TRY, BRL, DKK, PLN, RUB, ARS |
| Cryptocurrencies | BTC |
| Deposit Methods |
Credit card Debit card Bank transfer (SEPA) SOFORT SWIFT |
| Trading Fee | 0.9% |
| Deposit Fees |
Credit card: 5% + €5
CUBITS cash account: None SOFORT: 1.8% Dotpay: 1.8% Skrill: 2% (sell), 4.9% + €0.29 (buy) Neteller: 4.9% + $0.29 (buy), 2% (sell) SEPA: None (buy), €1.30 (sell) SWIFT: €16 (buy), €8 (sell) |
| Withdrawal Fees |
Credit card: 5% + €5
CUBITS cash account: None SOFORT: 1.8% Dotpay: 1.8% Skrill: 2% (sell), 4.9% + €0.29 (buy) Neteller: 4.9% + $0.29 (buy), 2% (sell) SEPA: None (buy), €1.30 (sell) SWIFT: €16 (buy), €8 (sell) |
Pros
- A service for seamlessly converting fiat currencies and bitcoin.
- Allows quick buying and selling of bitcoin.
- Offers a secure and functional wallet.
Cons
- Only offers bitcoin. No other cryptocurrencies are available.
- Your bitcoin buy and sell rates may not be as competitive as elsewhere.
- Your functionality and payment options can vary widely by location.
Cubits has shut down
Cubits filed for bankruptcy in late 2018, after it allegedly fell victim to a scam.
According to Cubits, three customers purchased over US$30 million of Bitcoin from Cubits through a payment provider called Paysec in early 2018. However, after the customers received the Bitcoin, Paysec allegedly refused to remit the funds to Cubits. The exchange says it believes the customers colluded with Paysec to perpetrate the theft.
Cubits says it made "every possible effort to recover" the funds without success before filing for bankruptcy in late 2018.
What is Cubits?
Cubits is a combination:
- Bitcoin wallet. An extra-secure and easy to use bitcoin wallet for storing and transferring your bitcoin.
- Bitcoin buying service. Buy bitcoin quickly and easily with a wide range of payment options and currencies.
- Bitcoin selling service. Sell bitcoin just as quickly and easily.
- Bitcoin business solutions service. Use the Cubits API algorithm to accept bitcoin payment online by plugging it into the shopping cart feature, and let Cubits convert it to your choice of currency before paying it onwards.
What currencies can I deposit to Cubits?
You can use the following currencies without exchanging them:
- EUR
- GBP
- CHF
- DKK
- SEK
- NOK
- CZK
- PLN
- HUF
- HRK
- RSD
- AUD
- USD
- CAD
- TRY
- RUB
- JPY
- CNY
- BRL
- ARS
Note that currency availability may vary depending payment method.
Countries where Cubits is available
Cubits is available in every country in the world, except the US. However, the features available to you will vary depending on your location.
If your country is not on the list below, Cubits cannot verify your identity, will not allow all payment options and will only offer a transfer limit of €150 equivalent per day.
If your country is on the list below you can verify your identity, request higher limits and use the full functionality of Cubits.
Payment options
You can make payment with:
- Visa
- Mastercard
- SWIFT
- Skrill
- Neteller
- Sofort
- Dotpay
- UnionPay
- SEPA
Fees
There is a fixed 0.9% commission on all buy and sell operations, while different payment options may attract other fees.
| Fee | Transfer time | Conditions | |
| Cubits account | None | Instant | None |
| Sofort | 1.8% | Up to 2 days | EUR, GBP, HUF, PLN and CHF only |
| OKPAY | 1.5% | Instant | Verification required |
| Dotpay | 1.8% | Instant | Polish bank account required |
| Credit Card | 5% | Up to 3 days | 3D secure Visa and Mastercard only |
| China Union Pay | 4% | Instant | CNY purchases for customers with a China Union Pay card |
| Skrill | 4.9% + €0.29 | Instant | UK, Germany and Austria only |
| SEPA (sell bitcoin) | None | 1-3 business days | Bank transfers to supported European banks only |
| SEPA (buy bitcoin) | None | 3-5 business days | Bank transfers from supported European banks only |
| SWIFT (sell bitcoin) | €16 | 3-5 business days | Bank transfers to banks outside Europe |
| SWIFT (buy bitcoin) | €8 | 3-5 business days | Bank transfers from banks outside Europe |
What are the transfer limits?
The transfer limit for non-verified users is a maximum of €150 equivalent per day. Verified users can request a higher transfer limit.
Safety, security and privacy
Cubits takes a range of extra security measures to make sure your funds are well protected, exceeding current industry standards.
In particular, 100% of user funds are held in cold storage, while all hot funds at any time are Cubits’ own.
It handles and settles current transactions with its own hot funds, which means you can simultaneously access bitcoin as needed, while also having the security of 100% cold storage.
Customer service and contact
Cubits offices can be found at 6 Agar Street, London. You can follow them on Facebook, Twitter or LinkedIn, or you can reach the Cubits support team online.
Pros and cons
Pros
- A service for seamlessly converting fiat currencies and bitcoin.
- Allows quick buying and selling of bitcoin.
- Offers a secure and functional wallet.
Cons
- Only offers bitcoin. No other cryptocurrencies are available.
- Your bitcoin buy and sell rates may not be as competitive as elsewhere.
- Your functionality and payment options can vary widely by location.
Next steps: How to sign up
First, make sure that you have completed your due diligence and are confident in proceeding. Then, to get started, create an account at Cubits. Enter your email address and password and choose your preferred currency.
To unlock the full features of your Cubits account you will need to verify it by providing additional information after signup.
Image source: Cubits
