As of August 22, 2015



Currency Information

Base Foreign Currency

  • itBit supports: EUR, SGD, USD

  • Virtual Currencies Supported

  • BTC: Bitcoin

    Server / Headquarters Location

  • Singapore
  • Exchanger Fees

    itBit charges exchange fees based on quantity of Virtual Currency (BTC).

    Exchange Quantity (BTC) Maker Fee Charged Taker Fee Charged
    0+ Coins 0.10% 0.50%
    100+ Coins 0.10% 0.45%
    200+ Coins 0.10% 0.40%
    400+ Coins 0.10% 0.35%

    Deposit & Withdrawal Fees


    Deposit Options

    Currency                 Method                           Fee Duration
    USD (US Dollar) International Wire Transfer $5.00 5 Business Days
    SGD (Singaporean Dollar) GIRO / FAST Free Instant
    EUR (Euro) SEPA 3.64€ (If transfer value less than 50,000€)
    34.68€ (If transfer value greater than 50,000€)
    0-2 Business Days

    Withdraw Options

    Currency                 Method                           Fee Duration
    USD / SGD (US Dollar / Singaporean Dollar) International Wire Transfer $30.00 5 Business Days
    SGD (Singaporean Dollar) GIRO / FAST $2.00 (If Transfer value less than $50,000 SGD)
    $0.50 (If Transfer value greater than $0,000 SGD)
    Instant
    EUR SEPA 8.03€ (If transfer value less than 50,000€)
    69.36€ (If transfer value greater than 50,000€)
    1-2 Business Days
    itBit has a daily withdrawal limit of USD $2,500.00 equivalent and a monthly withdrawal limit of $50,000.00

    Frequently Asked Questions

    What are Maker and Taker Fees?

    As stated by Bitfinex's official website:

    Maker fees are paid when you add liquidity to our orderbook, by placing a limit order under the ticker price for buy and above the ticker price for sell.
    Taker fees are paid when you remove liquidity from our orderbook, by placing any order that is executed against an order of the orderbook.


    What is Bank Wire?

    Bank Wire (also called credit transfer) is a electronic funds transfer system from one person / party to another.
    A bank wire transfer is a process that involves a transfer bank account and the receiving bank account, it can also be done through a transfer at a cash office.