Bit4you Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- There is staking and direct investment in the platform development
- deposit is available in dollars and euros with automatic conversion
- service for a quick purchase of cryptocurrency for fiats at the market rate
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- There is staking and direct investment in the platform development
- deposit is available in dollars and euros with automatic conversion
- service for a quick purchase of cryptocurrency for fiats at the market rate
Our Evaluation of Bit4you
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bit4you is a high-risk cryptocurrency exchange with the TU Overall Score of 2.85 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bit4you clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. Bit4you ranks 147 among 172 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
Bit4you is a popular European exchange that offers favorable conditions for trading cryptocurrencies. The platform is characterized by low commissions and high transaction processing speed. Direct purchase of cryptocurrencies from a bank card is available, there is a withdrawal with conversion to fiat, which makes Bit4you one of the most convenient crypto exchanges for traders of all levels.
Brief Look at Bit4you
crypto-crypto pairs, but no fiat pairs. The main feature of the platform is that there are no trading commissions. But there are commissions for depositing and withdrawing funds. Withdrawal is available in dollars and euros to a bank account. The exchange provides a demo mode for learning and working out strategies, it uses virtual USDT, but it gives access to the real market with up-to-date quotes. Bit4you allows you to aggregate the data of all user's crypto wallets in one application. The Bancontact feature allows you to instantly buy any amount of USDT at the best exchange rate for dollars and euros. Of the options for passive income, staking and investing in the platform are implemented. The exchange works with individuals and legal entities and offers shops an integrated system for accepting payments in cryptocurrency.
- Many cryptocurrencies for trading, including Bitcoin, Litecoin, Ethereum, Dogecoin, and others.
- You can trade through a browser (TradingView service) and in the Bit4you mobile application.
- The exchange does not have trading commissions; in the process of trading, the platform does not charge any fees from the trader.
- There is a demo account, and a new user is provided with 100 thousand virtual dollars in USDT.
- It is possible to link any number of crypto wallets to the account with transparent reporting.
- Funds can be withdrawn in different ways; also, conversion into dollars and euros at the market rate is available.
- The exchange operates strictly based on European legislation, and the organization is licensed.
- Only trading in crypto-crypto pairs is available at the exchange, there are no crypto-fiat pairs, and fiat currencies cannot be stored in the account.
- Other than staking and investing in the platform, the exchange does not offer other options for passive income for traders.
- Technical support works 24/7, but contact is by email only.
TU Expert Advice
Financial expert and analyst at Traders Union
Bit4you is a fairly young cryptocurrency exchange. This is the first exchange registered in Belgium and licensed by the regional control authorities. There are currently fewer than ten financial institutions licensed with Eubelius in Europe. Bit4you is one of them, which provides it with a reasonably high level of trust from traders, investors, and business partners.
In terms of functionality, this is a standard cryptocurrency exchange, trading at which is carried out through the TradingView browser terminal or a mobile application (available for iOS and Android). There are several types of charts, most basic indicators, and order books. Available assets include Bitcoin and dozens of the most popular altcoins. You can deposit cryptocurrencies and fiats (USD or EUR), but you cannot trade fiats. When you enter fiats, they are automatically converted to cryptocurrency.
The fees for depositing fiats are fixed at 1.50% of the deposit amount, regardless of how you deposit funds. Withdrawals are charged 2.50% or a fixed fee of 100 euros. Deposits for cryptocurrencies are free; withdrawals depend on the asset, but within the market average. In terms of commission policy, Bit4you has one really interesting feature which is the exchange does not charge trading fees.
Staking is also offered. It is provided under standard terms. Bit4you also offers to invest in the development of the platform itself through direct investments in the Chainius holding, which owns the exchange. This is a program with high profitability and reduced risks, especially considering that the status of the site (regulation and license) is an additional guarantee.
Bit4you Summary
| 💻 Trading platform: | TradingView |
|---|---|
| 📊 Accounts: | Demo, standard |
| 💰 Account currency: | EUR, USD, cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank card, cryptocurrency e-wallet, electronic transfer system |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | There is staking and direct investment in the platform development; deposit is available in dollars and euros with automatic conversion; service for a quick purchase of cryptocurrency for fiats at the market rate |
| 🎁 Contests and bonuses: | No |
Bit4you has no trading fees or deposit fees. The fees for depositing fiat and withdrawing profits are quite low. From this point of view, it is definitely beneficial to cooperate with a crypto exchange. But in general, experts assess the conditions of the platform as the market average. The table below shows its main characteristics.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $0.1 | Yes |
To understand how profitable the absence of trading fees is, it is enough to compare the conditions of Bit4you with the trading fees of other platforms. The table below shows just such a comparison with the leading competitors of the given exchange.
| Broker | Average commission | Level |
|---|---|---|
|
$0.1 | |
|
$20 | |
|
$0.1 |
Investment Options
In addition to cryptocurrency trading, crypto exchange users can earn on passive investments. It is represented by the traditional staking system, which allows you to receive income from cryptocurrency mining or startup development with minimal investment. In addition, investors have the opportunity to invest in the development of the crypto exchange itself. All this makes Bit4you a convenient platform not only for active trading but also for competent diversified investment.
Staking is the essence of the investment mechanism
Some call staking an alternative to mining, but this is not exactly true. The fact is that different cryptocurrencies are mined by mining and staking. In addition, mining requires high-performance devices (video cards, processors, and ASICS), and staking requires only the cryptocurrency itself. We are talking about coins that are supported by the Proof of Stake (PoS) algorithm. The investor provides his funds to the blockchain to ensure its performance, and in return receives payments, usually represented by an interest rate and depending on the size of the deposit.
Investments in Bit4you:
Bit4you users can invest directly in the platform by providing funds for its development. The minimum deposit is 100 euros, there is no maximum limit. The annual interest rate is 8%, and the program can last up to 4 years.
The advantage of staking is that the investor only needs to have a certain amount of the selected cryptocurrency in the account. This amount is not necessarily frozen (depending on the specific program). However, if the investor withdraws the deposit or part of it, the income is significantly reduced. Flexible staking is beneficial from the viewpoint that the investor can always replenish the deposit and increase his profit.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bit4you’s affiliate program:
At the moment, the crypto exchange does not provide its users with an affiliate (referral) program. There are no special conditions for either individuals or legal entities. Users can invite friends and acquaintances to the exchange, but will not receive any benefits from this. On an individual basis, cooperation is discussed with online stores, marketplaces, electronic payment systems, and banks.
User Satisfaction