Allbit logo
Allbit logo

Allbit Review 2023 - Is It Safe?

Contact
Country: South Korea
Launched: 2018
Site: allbit.com
Volume: $ 7,641.0
Pairs: 24
Mobile app: iOS, Android
Grade points: 0.00
Expert Review
May 29, 2020

Allbit is a South Korean-based cryptocurrency exchange that allows users to buy, sell, and trade a variety of digital currencies, including Bitcoin, Ethereum, and Litecoin. The exchange is aimed at both novice and experienced traders and provides a range of features and tools to help users make informed trading decisions.

One of the key strengths of Allbit is its fast transaction speed. The platform uses a technology called "atomic swap" which allows users to trade digital currencies directly with each other, eliminating the need for a central intermediary. This results in faster and more efficient transactions, which is a major advantage over other exchanges that have slower transaction speeds.

Another strength of Allbit is its low fees. The exchange charges very competitive fees for trading and withdrawing cryptocurrencies, which is a major advantage over other exchanges that charge higher fees. This makes it an attractive option for traders looking to maximize their profits.

The platform also has a user-friendly interface. The exchange's website is well-designed and easy to navigate, making it accessible to users of all experience levels. This is important for novice traders, as it can be overwhelming to navigate a complex trading platform. Additionally, the website has a wide range of educational resources and guides to help users understand the basics of cryptocurrency trading.

Allbit also has a high level of security. It has implemented security measures such as two-factor authentication and SSL encryption to protect users' personal and financial information. Additionally, it has a strict policy against money laundering and other illegal activities, which helps to ensure that the platform is safe and reliable for all users.

Allbit also offers a wide range of trading pairs and support for various cryptocurrencies, this allows users to have a wider range of options to trade with and access to a larger market.

On the other hand, one potential weakness of Allbit is that it is not widely known and it's not available in all countries. The exchange currently only supports users from a limited number of countries, which limits its accessibility to a global audience. Additionally, the exchange's customer support service could be improved. While the website has a FAQ section, it's not always possible to find a solution to your issue.

In conclusion, Allbit is a solid cryptocurrency exchange that offers a user-friendly platform, low fees, fast transaction speed, and a high level of security. It is a good option for novice and experienced traders looking to buy, sell, and trade digital currencies. However, its limited geographical coverage and customer service could be improved. As always, it is recommended to do your own research and consider all aspects of an exchange before making a decision to trade on it.

Our Score
Functionality 4 / 5
Reputation 4 / 5
Security 4 / 5
Support 4 / 5
Fees 4 / 5
Our Score
4 / 5
Pros and Cons
banner-image
Write review
Rating
Please choose your rating.
Your review

Leave your review about Allbit here. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.

Your Name
Your Email

Your Email will not be published

User reviews
Helmund 27 December 2020
4.0

Good, but the fee is high.

Makar 13 December 2020
4.0

It's almost fine. But I wished the faster website, sometimes it's an extremely slow.

Exxet 9 November 2020
5.0

The safe and stable, that's what I needed.

Ezra 5 August 2020
4.0

Not so bad, it's some little bugs. In general, I'm contented

Matheo 11 July 2020
5.0

I'm not a Korean, but I found it cool. I like the low fee and good working trading system.

Country: South Korea
Launched: 2018
Site: allbit.com
Volume: $ 7,641.0
Pairs: 24
Mobile app: iOS, Android
Grade points: 0.00
Compare with
HitBTC Cryptocurrency Exchange is a platform created in 2013 that allows you to trade more than 300 cryptocurrency pairs. The platform was launched back in 2013 and the investments it received amounted to about 6 million dollars.
Despite a certain decrease in the popularity and demand for digital coins, many users continue to use them actively. This is favored by the specific features and capabilities of cryptocurrencies. Often there is a need to exchange one type of crypto for another coin. What to do? In this article, we will consider one of the best solutions for the cryptocurrency exchange - Changelly. Is it safe enough and worth trying? Is Changelly legal? Is Changelly scam? All of these questions will be answered in this article. 
Founded in 2017, Bibox is an online crypto exchange where users can trade a wide range of digital currencies in pairs with BTC, ETH, USDT, DAI, and BIX. BIX is Bibox’s native token, which allows its holders to access discounted trading fees. The exchange has around 30 currencies listed at the moment and 179 markets running according to CoinMarketCap.

List of coins