Bitlish

Bitlish, found online at Bitlish.com, is a secure bitcoin exchange that promises strong security and a powerful API. Here’s our review.

What Is Bitlish?

Bitlish is a bitcoin company first launched in April 2015, then introduced on the Bitcointalk forums on December 1, 2015.

The platform is available through web browsers or mobile apps for Android and iOS.

Bitlish makes many of the same promises as other bitcoin exchange platforms. You can enjoy safe, easy Bitlish trading from your account. Bitlish also offers cards and ATMs. There’s a 0% maker/0.2% taker fee structure.

As of November 2017, Bitlish is sitting at the #116 spot in the list of the top cryptocurrency exchanges by 24 hour trading volume, according to CoinMarketCap. The most popular pairs including BTC/USD, BTC/EUR, BTC/RUB, and ETH/USD, which account for about 95% of trading volume on the marketplace.

How Does Bitlish Work?

Bitlish works a little differently from other bitcoin exchanges. You don’t actually trade bitcoins for other cryptocurrencies. Instead, this is just a bitcoin exchange platform where you can match your bitcoin or fiat currencies with other orders on the platform.

To get started, you deposit your bitcoins or fiat currency (USD, EUR, or RUB) into your account. Then, you match to any of the orders on Bitlish or create your own order.

After the order is completed, you withdraw bitcoins from your account to your bitcoin wallet. If you’re selling bitcoin for fiat currency, then you can also withdraw fiat currency to your credit card or bank account.

Before using Bitlish, you’ll need to confirm your phone number and verify your account with AML/KYC requirements. You’ll need a scanned copy of your ID and a utility bill, for example. You should be verified within about 24 hours.

One of the unique things about Bitlish is that there’s no maker fee. You don’t get charged when you’re making offers on the platform (i.e. you post the offer yourself). However, there’s a taker fee of 0.2% (for verified users) or 0.3% (for anonymous users).

Your credit card deposits will also be charged 3.5%, then 2.5% on withdrawals. Bitlish seems to be open and transparent about its fee structure. You can view full details about Bitlish fees on their website.

Bitlish Features

Instant Registration Without Verification:

You can deposit and withdraw up to 200 EUR without verification.

Low Or Zero Fees:

Bitlish charges a 0% maker fee and a 0.2% taker fee. Deposits and withdrawals, however, are assessed fees.

User Security:

Protect your account with different multi-factor authentication methods, including SMS, email, Authy, U2F hardware tokens, and others. Passwords are salted and encrypted.

Fast Support:

Bitlish promises to provide “almost instant” user verification, and support tickets are resolved in a timely manner.

Powerful API:

Bitlish offers a simple HTTP and low-latency WebSocket API with events. Full platform functionality is available to users, including trading, deposits, and withdrawals. You can also receive events on orderbook changes, matches, and payments in a totally automated way.

Vouchers:

Instantly deposit and withdraw funds with vouchers. Transfer money to other users via vouchers with no fee. Create and redeem vouchers automatically via API.

Multi-Currency Support:

Bitlish supports a wide range of cryptocurrencies and fiat currencies. Cryptocurrencies include BTC, BTG, DASH, EDR, EOS, ETH, GNO, GNT, ICN, LTC, MLN, REP, XDG, XMR, and ZEC. Fiat currencies include EUR, RUB, and USD.

Card Support:

Bitlish offers a prepaid card priced at 13 EUR or 15 USD. You can top up your card from your Bitlish account. The card charges transaction fees of around 2.50 to 3.50 per ATM transaction, then a 3% foreign transaction fee. All fees are listed upfront and can be viewed on their website.

Bitcoin ATM:

Bitlish lets users run their own bitcoin ATM, then set their own commission rates.

About Bitlish

Bitlish is based in London. The company is registered under the number 9564930. Bitlish was launched in 2015.

Today, Bitlish has a 24 hour trading volume of around $100,000 USD, according to data from CoinMarketcap. The company’s most popular pairs include BTC/USD, BTC/EUR, BTC/RUB, and ETH/USD. Together, these pairs account for over 95% of trades on the Bitlish platform. Overall, Bitlish’s trade volume puts it in the top 120 cryptocurrency exchanges.

Bitlish Conclusion

Bitlish is a UK-based cryptocurrency exchange service that accepts a wide range of deposit and withdrawal methods. You can use Bitlish to exchange bitcoins for other cryptocurrencies quickly, safely, and on good terms.

One of the unique things about Bitlish is its low fee structure. There are no maker fees, and competitive taker fees (0.3%). Bitlish also supports prepaid cards, multiple currencies, and APIs.

To learn more about Bitlish, visit the exchange online today at Bitlish.com.

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