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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.
19
Fiat currencies
1
Cryptocurrencies
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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) |
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.
Cubits is a combination:
You can use the following currencies without exchanging them:
Note that currency availability may vary depending payment method.
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.
You can make payment with:
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 |
The transfer limit for non-verified users is a maximum of €150 equivalent per day. Verified users can request a higher transfer limit.
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.
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.
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