Bittylicious | Business24-7

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Written by Braden Chase Edited by Giles Thomas Fact Checked by Tomislav Turcin

7 March 2023

4 March 2023

Page Summary

Bittylicious is a top third-party exchange. It lets users buy digital assets with fiat money. The default currency with this crypto exchange is the Pound Sterling. We recommend Bittylicious for traders located in the United Kingdom.

Review Summary: 

Bittylicious offers access to less popular digital assets.
It is a reliable and trustworthy crypto platform to buy Bitcoin and other crypto coins.
It offers useful customer support for traders all around the world.

Bittylicious Overview:

Bittylicious is a crypto exchange based in the U.K. It lets users buy/sell many digital assets. The downside is that it doesn’t have a license from a regulatory body. We recommend you research exchanges before choosing one. Our in-depth reviews offer more information on how to choose a safe crypto exchange in 2023.

Trading Experience

Bittylicious has basic platforms with a simple interface. It is a top choice for traders at all levels. It offers some trading features. Buying cryptocurrency with the Bittylicious website is different than with other exchanges. Bittylicious matches users with a broker. When the broker verifies that a user deposited funds into their account, Bittylicious releases the assets into private Bitcoin wallets. It is a challenging process, and we recommend this platform for experienced traders with long-term investments. The Bittylicious crypto trading platform might be difficult to use by beginners.

Cryptocurrencies Available 

Bittylicious supports 16 cryptocurrencies. The coins available with the Bittylicious platform are:

Bitcoin
Bitcoin Cash
Blackcoin
Dash
DigiBite
Dogecoin
Ether
Featercoin
Groestlcoin
Litecoin
Monetory Unit
Peercoin
Peercoin
Stratis
Syscoin
Vertcoi

Fees 

Bittylicious has a complex and expensive fee structure when compared to exchange fees at other providers. The mark-up/mark-down fee at Bittylicious starts at 6%. Payment methods are limited and bank transfer is available only in Europe. Bittylicious trading fees are higher than with competitor exchanges. Learn more about Bittylicious fees and payment methods before choosing Bittylicious as your exchange.

Regulation & Reputation 

Bittylicious does not have a license from a trustworthy regulatory body. But this exchange has its headquarters in the U.K., meaning that they have to comply with the anti-money laundering laws. Bittylicious has to identify customers before buying/selling starts. Our Bittylicious review shows this crypto exchange offers the following safety measures:

Two-factor authentication
Customer identification when using fiat currency
SSL encryption

Account Opening 

Account opening at Bittylicious is straightforward. Users have to register on this exchange’s main website. Bittylicious requests a copy of an official I.D. to confirm a user’s identity. Our Bittylicious review reveals it is easy to join this exchange.

Customer Support 

Bittylicious has average customer service. It offers live chat, phone support, and email. Response times might vary depending on your request. Our Bittylicious review shows customer support might need improvements.

Summary 

Bittylicious is a top crypto exchange for long-term investments. It functions as a peer-to-peer escrow service. It offers some reliable security features. Keep in mind that trading digital assets is risky. You should choose a trustworthy exchange. Read our in-depth reviews to learn more about exchanges, safety, and digital assets.

FAQ

What Is A Centralized Cryptocurrency Exchange?

A centralized exchange is a private company that provides access to trading platforms. These exchanges request registration and identification, known as the Know Your Client rule.

What Is A Decentralized Cryptocurrency Exchange?

A decentralized exchange doesn’t have a central point of control. It acts like a server, but it has each computer within the serve spread out across the world. If one computer malfunctions, it doesn’t interfere with the network’s activity. Decentralized exchanges aren’t obliged to follow the rules of a regulatory body. If you choose a decentralized exchange, you should consider the risks linked with it. Check our in-depth reviews to learn more about cryptocurrency exchanges and safety.

Is Bittylicious Safe?

Bittylicious hasn’t experienced a hack since it was founded. But it is important to note that this platform does not have top-tier licenses. Trading digital assets is risky. Digital coins remain speculative assets, and you should choose a trustworthy exchange to sell Bitcoin. Read our in-depth reviews for more information on safety and exchanges.

Does Bittylicious Have A Wallet?

No. The platform doesn’t provide access to a native wallet. Bittylicious account holders have to use a third-party wallet. A Bitcoin core wallet is useful to all traders to sell coins or store digital assets.

Does Bittylicious Have An App?

No. Our Bittylicious reviews show it doesn’t offer a proprietary mobile app. The platform is available on a mobile web browser.

What Funding Options Does Bittylicious Offer?

Bittylicious offers many funding options depending on your location, but access to bank account funding is limited. Keep in mind that if you want to use fiat money to deposit funds, you have to be based in Europe. Bittylicious fees vary depending on the payment methods you choose. The main funding methods available with this exchange include:
– SEPA bank transfer (E.U. only)
– U.K. Faster Payment method
– Debit/Credit Card (Europe only)
– iDeal (the Netherlands only)
– Mister Cash / Bancontact (Belgium only)
Keep in mind that the exchange rate varies depending on your trading volume. Bittylicious alternatives might offer lower trading fees. Check our in-depth reviews for more information on funding options and exchanges.

Disclaimer

Braden Chase

Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

Bittylicious Review