Cryptonit: Cryptocurrency marketplace review | finder.com

Cryptonit cryptocurrency marketplace: an overview

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You may consider making an investment into an altcoin such as bitcoin – if so, you’ll want to know which marketplace is best.

Cryptonit is a platform on which you can trade your fiat currency — government-issued currency, like dollars, yen and euros — for such cryptocurrencies as bitcoin, ethereum, ethereum classic and ZCash.

Read our review

Compare bitcoin marketplaces like Cryptonit

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Bank transfer
Credit card
Debit card
Bank transfer (SEPA)
USD, GBP, AUD, EUR, INR, ARS, BRL, CAD, CNY. NZD, DKK, HKD, ILS, JPY, KES, CHF, MXN, NOK, PHP, PLN, SGD, SEK, AED
BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, VOX
Refer a friend to earn US$20 — $10 for you and $10 for the person you refer.
Buy, send and convert more than 35 currencies at the touch of a button.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Bank transfer
USD
BTC, ETH, ETC, DASH, XRP, LTC, BCH, XLM, NEO, EOS, ADA
Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
-
BTC, ETH, BCH, EOS, MIOTA, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, & 100+ more
Buy and trade 100+ cryptocurrencies on this global cryptocurrency exchange.
Credit card
Debit card
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC, BCH, ETH, LTC, ETC, ZRX, BAT
Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Credit card
Debit card
OKPAY
PayPal
Skrill
SOFORT
EUR, USD, CHF, GBP
BTC
Buy bitcoin through PayPal on one of the oldest virtual currency exchanges in the business.
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
SWIFT
USD, EUR, RUB, GBP
BTC, BTG, BCH, LTC, DASH, ETH, XRP, ZEC, XLM, GUSD
Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
bitFlyer Cryptocurrency Exchange - US
Bank transfer
Credit card
Cryptocurrency
Wire transfer
USD, EUR, JPY
BTC, ETH, BCH
With options to buy bitcoin and popular altcoins through credit card, wire transfer and more, BitfFyer offers users the choice of paying with cryptocurrency or USD, EUR and JPY.
SatoshiTango Cryptocurrency Exchange
Bank transfer
Cash
Cryptocurrency
Bank transfer (SEPA)
ARS, USD, EUR
BTC, LTC, XRP, ETH, BCH
SatoshiTango is an Argentina-based marketplace that allows you to easily buy, sell or trade Bitcoins.

Compare up to 4 providers

How much can I withdraw with Cryptonit?

The limits of your transfers with Cryptonit depend on the method you use to withdraw your money.

Minimum and maximum withdrawal amounts

MinimumMaximum
PayPal$10$1,500
International wire transfer$500$20,000
Western Union$200$1,000
MoneyGram$200$1,000

How much does it cost to buy currency with Cryptonit?

We’ve listed fees for depositing and withdrawing money through a few popular platforms such as PayPal and Western Union. But you can find a full list of fees on Cryptonit’s website.

Trading fees

Cryptonit’s fee to trade cryptocurrency is 0.45%.

Depositing money

Trading feeMinimum fee
International wire transfer0%0%
Credit card (Visa or Mastercard)4.9%$2
PayPal9.8%$2

Withdrawing money

Trading feeMinimum feeMaximum fee
PayPal2%$1No limit
International wire transfer0%$80No limit
Western Union20%$25No limit
MoneyGram20%$25No limit

How long does it take to buy through Cryptonit?

PlatformTransfer speed
PayPal4 business days
International wire transfer3 business days
Western Union3 business days
MoneyGram3 business days

You can typically complete a bitcoin transfer within an hour. However, it takes about three to four days to deposit money into Cryptonit and about the same amount of time to withdraw the money. That means it could take between six to eight days to complete a money transfer through Cryptonit.

Pros and Cons

Pros

  • Relatively low trading fees. You can transfer bitcoin through Cryptonit at a relatively lower rate than through other bitcoin platforms.

Cons

  • More steps to complete a transfer. The process can be more complicated than using other money transfer services. For example, you need to convert fiat currency to bitcoin, and your recipient needs to convert bitcoin back to fiat currency.
  • Potentially more fees. Because there are more steps involved, there are more spots where you might be charged fees.

What else can I trade with Cryptonit?

You can trade more than bitcoin on Cryptonit. Other cryptocurrencies available include litecoin, peercoin, feathercoin, namecoin and terracoin.

Frequently asked questions

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