LiteBit.eu is a centralized European cryptocurrency exchange established in 2013. The platform was founded by Rogier Fischer. LiteBit.eu cryptocurrency exchange is registered under 2525 Vestures B.V., the company running the exchange business. It is headquartered in Rotterdam, Netherlands. The platform enables transparent and safe trading of cryptocurrency assets. It also offers other earning opportunities, such as staking.
LiteBit.eu crypto exchange is KYC compliant and requires all users to verify their identity. The platform employs a three-tiered KYC verification process. Depending on the daily LiteBit.eu trading volume that a user plans to generate, the required verification documents may vary. Clients who want to unlock the platform's full capacity must upload a back copy of a passport or government-issued ID. LiteBit.eu prohibits residents of the United States from using the platform and its services.
Markets
LiteBit.eu offers spot trading, which provides settlements for instant trades. LiteBut.eu spot does not offer any leverage, as traders only trade with the available assets in their wallets.
LiteBit.eu enables users to buy digital tokens using fiat. LiteBit.eu trading pairs include crypto-to-crypto markets. The platform supports over 80 cryptocurrencies spread across various markets. LiteBit.eu crypto price for every token and pair is displayed on the platform.
Litecoin.eu cryptocurrency exchange offers two main trading products: Easy Trading and Exchange. Easy Trading allows users to perform simple crypto buys and sells. This product is suitable for people who are new to trading, HOLDlers who do not trade a lot, or those who enjoy a simple interface. It is an intuitive and effortless way to buy crypto. It uses an order book to match maker and taker requests. Traders can use secure payment methods such as credit cards to deposit funds instantly and securely to begin trading on the Easy Trading interface.
Another product is the Exchange, which is mostly used by professionals looking for advanced tools to trade and automate their processes. The advanced charts and in-depth data enable traders to gain market insights and make informed trade decisions. The LiteBit.eu Exchange offers multiple order types, including market orders, limit orders, and stop limits. Market orders enable users to trade at the available market prices. On the other hand, limit orders allow users to set maximum and minimum prices for their makers and takers. Stop-limit orders combine the features of stop-loss orders with limit orders to mitigate risks. These orders execute automatically once the market reaches the pre-defined price limits.
LiteBit.eu exchange fees follow a flat fee model for buying and selling crypto. Makers and takers pay fees at the same rate. However, LiteBit.eu crypto fees vary from one cryptocurrency to another. The platform also charges withdrawal fees, which vary depending on the type of cryptocurrency.
Other Services
LiteBit.eu cryptocurrency exchange also offers API services that enable users to connect their bots to the platform and automate their trades.
Moreover, the LiteBit.eu crypto exchange offers users the opportunity to stake some tokens and earn decent interest of up to 30% APY. The rewards are calculated daily and paid out weekly.
The platform also offers a Business Account option for corporate traders. The product enables hassle-free onboarding for businesses. It also offers competitive trading fees.
About the Company
LiteBit.eu cryptocurrency exchange was founded in 2013 by Rogier Fischer. The exchange is headquartered in Rotterdam, Netherlands.
Rogier Fischer was inspired by the need to have an easy-to-use cryptocurrency exchange. Fischer found it too hard to buy Litecoins through the existing exchanges. Since its founding, LiteBit.eu has grown to be the market leader in the Netherlands, and one of the largest crypto exchanges in Europe.
LiteBit.eu trade volume has been increasing with the increase in platform users. Annual LiteBit.eu volume surpassed $584.482 million in 2022.
In 2017, two hacker attacks on LiteBit.eu were reported in a row (on August 5 and September 12). No funds were stolen. However, the hackers managed to steal personal data and credentials, such as bank account information, telephone numbers, names, and hashed passwords.
Rogier Fischer, the founder, is a graduate of Delft University, Netherlands. He is a former programmer and security consultant for 42bits. Currently, Fischer is not running the exchange. He holds a position on the Strategic Board. The CEO of LiteBit.eu is Oliver van Dujin. Oliver is the founder of Lintberg, a leading research partner for HR companies. He also has very solid management experience in companies such as Totaljobs Group, Marktplaats, Funda, and KPN Telecom.
