Bitcoin’s popularity as well as price seems to rising with every minute and more and more people are getting interested in this digital cryptocurrency. Now, the growing popularity of Bitcoin has given rise to several Bitcoin exchanges and trading platforms across the world. People are trying to make money by purchasing and selling Bitcoins. Bitcoin exchanges using several new techniques to ease the process of buying and selling bitcoins. Some Bitcoin exchanges are letting the users buy Bitcoins online and offline (through dedicated stores) using debit card, credit cards, cash and even some other cryptocurrencies. In this review, we are going to take up the case of one such digital Bitcoin exchange named Bitlio. Off late a lot of Bitcoin buyers have shown an interest in this Bitcoin exchange. So we thought of reviewing this for the convenience of our readers.
Company background and Services
Bitlio is based in Belize is owned by Birch Stone Ltd and the company has been operational for the past 2 years. This digital currency exchange offers its services in 40 nations across the globe. It helps the customers in buying and selling Bitcoin quickly. Customers can use their Bitlio account to exchange funds with friends, colleagues, family members and even pay the bills.
Customers are authorized to hold only one account with Bitlio. Also they should get it verified by providing government ID. In case you wish to withdraw your money to your bank account then you must connect it to Bitlio wallet and get it verified as well. One common feature that you can find with any other major currency exchange is that Bitlio too doesn’t offer any leveraged trading. You can trade in a number of currencies such as Litecoin, Dash, Zcash, Tether, Ethereum, Ethereum Classic, Monero, Ripple and last but not the least Bitcoin. One unique feature offered by Bitlio is that it offers international fund transfer service. It also lets the users pay their bills.
Trading Platform and Security
The trading platform is pretty simple and has an intuitive web interface. So even the newbies don’t find it tough to work around. However, Bitlio doesn’t offer any kind of analytical or other charting tools. This can be an impediment for the hardcore Bitcoin traders.
Bitlio is a very trusted brand and the company is popular for offering highly secure Bitcoin buying and selling service. Its secure trading environment helps in providing safeguard against hacking. This is also achieved by storing the customer’s Bitcoin in Cold storage.
Though Bitlio claims that it accepts both bank transfers as well as cash deposit but it’s really hard to find a store that takes cash deposits. The withdrawals as well as deposits both made in Bitcoin, EUR, and USD.
- Easy and intuitive web interface
- Details of brick and mortar store to accept cash deposits is missing
Bitlio Affiliate Program
Just like the other Bitcoin exchanges, Bitlio too offers attractive affiliate program that can be availed by Bitcoin affiliate marketers to earn commissions. You will have to sign up with the company and then promote the affiliate link in your facebook page or other social media pages. For every successful referral and subsequent purchase of at least 0.5 BTC, you will be able to earn $15 in commission. Join Their Amazing Affiliate Program Today!
Bitlio Affiliate Review
After further looking into this company the word “scam” comes up nearly everywhere. Granted we often see that with other Crypto Currency sites, but normally that’s just from disgruntled traders. In this case they’re just way too many negatives to ignore, so we do not advise doing business with them. We also don’t want to test them out by chancing our own money. Stay away.