Litebit is a Dutch provider for buying and selling over 50 different crypto currencies.
The site is available in English, German, French and Dutch.
LiteBit supports the following payment methods: iDeal, SEPA bank transfer, Sofort, Giropay, Bancontact, MyBank, credit card and LiteBit Credits.
Crypto currencies: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Monero and over 50 other crypto currencies
After the email registration the verification process starts.
You get to the overview page and the indication of your current status and the current credit limit.
The verification process is divided into three stages. Your limit changes with every level. The three stages are as follows:
Tier 1 = Telephone verification
Tier 2 = address verification
Tier 3 = ID verification
The following table explains how much you can spend at each level.
To be able to buy cryptocoins from LiteBit, at least the telephone number can be verified.
To do this, you must provide your own mobile phone number.
An SMS containing a Mobile-TAN is sent to this mobile number.
Then the own bank account has to be verified. through which the Altcoins are paid.
It is thus checked whether you are also the authorised owner of the bank account. For this purpose you have to make a test transfer to LiteBit. The amount is only a few cents and you have to specify a given purpose.
This transfer can take up to 1-2 banking days. Afterwards you can use the different payment methods up to the respective limit.
LiteBit offers the possibility to keep the purchased coins for you. This is helpful for users who do not want to create a wallet for exotic coins and only see an investment in these coins.
It is generally not advisable to leave your coins with a supplier.
LiteBit is a long-standing and trustworthy Dutch provider that has been on the market since 2013.
What is particularly interesting about LiteBit is that you can buy such a wide range of crypto currencies and get an integrated wallet.
The fees for block chain and payment methods are acceptable.
What is annoying is the complicated verification of your own bank account with the Voarab transfer.
Other providers offer faster processing.
However, for purchases of less than €350, there is no need to go through a lengthy verification process involving identification, consumption bills or video conferencing.
If you only want to buy Bitcoin, you may find a more convenient solution with other suppliers.
For the other crypto currencies Litebit seems to be a very good choice.
More detailed instructions on how to buy Bitcoin through Litebit can be found at Bitcoin-Kaufen.org at:http://bitcoin-kaufen.org/litebit/
Switch directly to LiteBit (*): http://LiteBit.eu
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