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 EUR
- Proprietary BL3P platform
- Transactions with EUR and BTC only
Our Evaluation of Bitonic
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
Bitonic is a high-risk cryptocurrency exchange with the TU Overall Score of 2.64 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitonic 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.
Bitonic is a cryptocurrency exchange headquartered in Amsterdam and designed for buying and selling bitcoins for euros. Its clients can start trading from any amount of money, receive affiliate rewards, and set up direct deposits.
Brief Look at Bitonic
Bitonic is a cryptocurrency exchange, launched in 2012 under the title of Idealcoin. It was one of the first exchanges that offered trading bitcoins in the Netherlands. Bitonic has its proprietary BL3P platform on which one can buy or sell BTC for EUR and vice versa. Regarding investment solutions, this crypto exchange offers buying bitcoins without client participation by setting up automatic payments from crypto wallets or bank accounts. Bitonic doesn’t have requirements for deposits and charges a fixed fee regardless of their trading volumes and order types. Verification of bank accounts is mandatory on Bitonic.
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- Rich experience. The exchange has been in business since 2012;
- Liquidity is provided by large cryptocurrency exchanges such as Kraken and Bitstamp;
- Fixed transaction fee for takers and makers;
- Absence of minimum deposit requirements;
- Automatic purchase of bitcoins at the average price on the day of the transaction;
- Access to placing not only market but also limit orders;
- Affiliate program with rewards for every purchase of bitcoins by referrals.
- The platform offers the purchase and sale of bitcoins only;
- Registration requires confirmation of a bank account;
- Bitonic doesn’t provide leverage.
TU Expert Advice
Financial expert and analyst at Traders Union
In 2022, the Bitonic cryptocurrency exchange celebrated its 10th anniversary. Since 2012, it has been constantly improving, raising its security level, and aiming to make its conditions as favorable as possible for its clients. For example, the exchange fixed the trading fee at 0.25% for takers and makers, and its developers created a proprietary BL3P platform for quick Bitcoin trading.
What has remained unchanged in the 10 years of Bitonic’s business, is its choice of trading instruments. One can still buy or sell only bitcoins here. The exchange’s founders are not planning to add other cryptocurrencies anytime soon. Another special aspect of Bitonic is that it uses its own exchange rate, which is based on the supply and demand on BL3P at a given moment and on prices on international exchanges such as Kraken and Bitstamp.
Bitonic takes measures to fight fraud. A client must confirm his bank account number by transferring 1 euro cent to the exchange. Fiat funds can only be deposited through SEPA transfers, and payments with cards or electronic wallets are not accepted. Withdrawals of funds can be made to a Bitcoin wallet or a confirmed bank account. Bitonic doesn’t pay interest on a client’s account balance.
Bitonic Summary
| 💻 Trading platform: | Proprietary BL3P platform ( web and mobile versions) |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | EUR and BTC |
| 💵 Deposit / Withdrawal: | Bank transfers via iDEAL and SEPA, and crypto wallets |
| 🚀 Minimum deposit: | No requirements |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.00001 BTC |
| 💱 Commission: | Spot: 0,25%-0,25% |
| 🔧 Instruments: | 2 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Bitstamp and Kraken |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market and limit |
| ⭐ Trading features: | Transactions with EUR and BTC only |
| 🎁 Contests and bonuses: | No |
The Bitonic cryptocurrency exchange is designed for buying and selling bitcoins for euros. It doesn’t have minimum deposit requirements and allows users to place market and limit orders. The taker and maker fee is fixed at 0.25% of the transaction amount.
Bitonic Key Parameters Evaluation
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Regulation and safety
Bitonic has earned a rating of 9.75/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Government-regulated
- No successful hacks history
- 2FA
- Cold wallet storage
- Tier-1 regulation
- No facial recognition
- Not U.S regulated
- No investor protection fund
Bitonic Security Factors
We also compared Bitonic against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bitonic | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is Bitonic a regulated crypto exchange?
Bitonic is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Bitonic is authorized or licensed in accordance with local regulations in the following regions: Netherlands.
Is verification (KYC) mandatory at Bitonic?
Yes, KYC verification is mandatory at Bitonic. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Bitonic available?
Bitonic complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, Bangladesh, Thailand, Egypt, Sri Lanka, Saudi Arabia, Brazil, Vietnam, Japan, Uganda, Ghana, Morocco, Korea, Algeria, Azerbaijan, Argentina, Peru, Chile, China, Mexico, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Georgia, Tajikistan, Armenia, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Bitonic support.
Is Bitonic available in the USA?
Yes, Bitonic is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
Bitonic commissions and fees
Bitonic received a 5.2/10 score for its trading fees. While Bitonic is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
- Withdrawal fee may be applied
- P2P fee applied
What are Bitonic trading fees?
We analyzed Bitonic’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Bitonic trading fees vs competitors
| Bitonic | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,25 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,25 | 0,22 | 0 | 0.194 |
What are Bitonic deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | BTC: 0,0005 BTC |
Does Bitonic offer P2P trading?
No, Bitonic does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
Bitonic received a 4/10 rating for its deposit and withdrawal services. Bitonic offers limited funding options and may charge fees, which could be inconvenient for many users.
- Bank transfers for deposits and withdrawals
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No support for bank card payments
- No Google Pay option
- No P2P transfer option
Deposit and withdrawal options
Bitonic supports the following deposit and withdrawal options: Bank transfers, Crypto.
Bitonic Deposit and withdrawal options vs competitors
| Bitonic | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is Bitonic minimum deposit?
The minimum deposit at Bitonic is 10 USD/USDT or 0,001 BTC. The minimum trade size is 5 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitonic minimum deposit vs competitors
| Bitonic | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 5 | 0,00001 | 1 |
Does Bitonic support fiat money?
Bitonic supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bitonic received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Bitonic covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Copy trading not available
- Staking not available
Bitonic supported coins and markets vs competitors
We compared Bitonic with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Bitonic | OKX | Kraken | |
| Supported coins | 2 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
Bitonic passive income options vs competitors
We also compared Bitonic with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Bitonic received a score of 6/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Mobile indicators allowed
- App data protection with 2FA
- Advanced tools and automation with API
- Positive user feedback on the iOS app
- No trading bots for traders
- Advanced orders not available
- No access to Copy Trading
Trading apps
Bitonic provides web and mobile apps for both Android and iOS users, with an average rating of 4,5 on the App Store and 4 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Bitonic platform is for mobile use.
| Bitonic | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does Bitonic offer a desktop app?
No, Bitonic does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Bitonic offer advanced charting with TradingView integration?
No, Bitonic does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2012 |
|---|---|
| Registration address | Bitonic B.V., Hoogte Kadijk 143F 8, 1018 BH Amsterdam, The Netherlands |
| Official site | https://bitonic.nl |
| Contacts |
+31 20 226 5289
|
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