BTC-e Review

BTC-e Review

BTC-e was started in 2011. It's pretty popular trade platform with a lot of unusual payment methods accepted. Despite that, there are a lot of reports with accusations of BTC-e being dishonest. However, we looked at some main points and conveyed them in this BTC-e Review.

Supported Cryptocurrencies
  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Ethereum (ETH)
  • Dash (DASH)
  • Namecoin (NMC)
  • Novacoin (NVC)
  • Peercoin (PPC)
Offered Services
  • Buy BTC, LTC, ETH, DASH, NMC, NVC, PPC
  • SellBTC, LTC, ETH, DASH, NMC, NVC, PPC
  • Trading
Payment Methods Accepted
  • Perfectmoney
  • Moneypolo
  • ADVCash
  • Capitalist
  • International wire transfer
  • SEPA
Fees
  • Moneypolo - 6% (USD), 2% (EUR)
  • Perfectmoney - 10%
  • Capitalist - 5% (USD), 3% (EUR)
  • ADVCash - 5% (USD), 3% (EUR)
  • International wire transfer - 1% (min $20)
  • SEPA - 0.5% (min €15)
  • 0.2 - 0.5% trading fee
Verification Process
  • Verification is mandatory if deposit via bank is made
  • ID and an utility bill or bank statement are required
  • There are other circumstances when BTC-e may ask to go through verification process
Supported Countries
  • All the countries with some exceptions
  • Citizens of US cannot make deposits using a bank
BTC-e Review
Speed
  • Most of the methods work instantly
  • Sometimes deposit can take up to 2 days before appearing in BTC-e
  • Bank transfers depends on the banks of both sides
Limits

There are no details provided on the limits that BTC-e applies

Privacy
  • No personal information is required at the moment account is created
  • Verification may be required at a later time
Security
  • Two-Factor Authentication
Pros
  • MetaTrader 4 availability
  • Easy to use
Cons
  • Poor security
  • Not the greatest support
  • Old fashioned web site
  • A lot of negative reports
Conclusion

Even knowing that BTC-e is online since 2011, we don't think it is the best trading place online. Furthermore, security is pretty weak and there is no clear rules of when verification may be required. Also unpredictable limitations happen from time to time. Still, BTC-e offers some payment methods which other trading sites do not accept.

Rating
6/10