Bitrush Exchange Review 2018, Is It Legit or Scam? Wij – ve Checked!

Bitrush Exchange Review 2018, Is It Legit or Scam? We - ve Checked!

The Dutch exchange podium is attracting Europe since 2014. Let’s find out how.

Bitrush Quick Facts

  • Country of origin: Netherlands
  • Supported countries: All Europe
  • Cryptocurrencies: BTC, LTC, ETH, BTH, DASH
  • Launch date: 2014

Bitrush Review

Let’s face it, spil more and more cryptocurrencies find their way into the crypto market, the number of crypto exchanges will proceed to rise. This, of course, is not a problem. The kwestie is finding an exchange that is not just ideal for you, but one that is known for having a good reputation te terms of services and security.

But let’s say you are looking for an exchange that can help you make money without you having to do the hard work. The very first thing that would come to one’s mind is the amount of profit you can make through the exchange. Bitrush is one of those trading exchanges that promises its investors high comebacks. Te this review, wij will response the question that may concern you, “Can I trust Bitrush?”

What is Bitrush?

Bitrush (Bitrush.nl) is a registered Bitcoin exchange that buys and sells digital currencies. There is no meteen selling and buying inbetween buyers and vendors. Bitrush is located ter Mokum, the Netherlands. Bitrush began operating te 2014. The company does not have a very large portfolio, however, by far it has managed to build up a status of a sufficient, effortless to use and trustworthy webstek. BitRush faces a competition both inwards the Netherlands and from around the world spil many exchange toneelpodium offers a larger choice of altcoins.

The verhoging is not suggesting leveraged trading. Even tho’ the verification process is mandatory on BitRush exchange podium (see more details about verification below), the buying and selling processes are very effortless, quick, and convenient especially for those crypto traders who are from Europe. Spil a user, even however the mandatory verification process may be unpleasant and seem unnecessary, you need to know that BitRush exchange along with all the other legit crypto trading websites, do this only for the sake of their users’ safety and to avoid scams.

Even tho’ the company has bot founded for fairly some time, there have not bot any major complaints from the users of the toneelpodium. Some people are a bit unhappy with the fact that Bit Rush is not suggesting online crypto wallets or any other types of services besides the plain cryptocurrency trading. However, from the other forearm, the webstek is eliminating the risks of hacks by not suggesting online wallets, because such wallets are usually very vulnerable to hacks and thefts no matter how legit a webstek is.

Supported countries

Bitrush offers its services te all of Europe.

Bitrush Limitations

Bitrush has set volume thresholds and they are spil goes after:

  • iDeal payments – € 25,000 limit vanaf purchase order.
  • Bancontact and MyBank payments – € Ten,000 limit vanaf purchase order.
  • Credit card payments – € 1,000 vanaf purchase order and vanaf Two days.

Buy/Sell information

Bitrush permits you to make payments via iDEAL, MyBank (Germany), Bancontact (Belgium) and credit card. You may choose to pay ter digital currency or fiat currency (EUR).

For clients outside the EU, it’s lighter to make payments via MasterCard or VISA credit card. Spil for Dutch nationals, it’s more convenient for them to use the supported payment platforms to fund their accounts.

Buying methods

To purchase coins on Bitrush, click on “Buy” and inject the following details:

  • The amount you wish to purchase te BTC or EUR
  • Payment method.
  • Deposit address.

If you have a coupon, you can click on “Use coupon” to come in the coupon code.

Once you have entered all the details, click to vertoning that you agree with the terms and conditions and then click on the “Buy Bitcoin” button. Te a few minutes, you’ll receive your purchased coins at your address.

  1. If you come in the wrong address, Bitrush is not responsible for recovering your coins if they get sent to that address.
  2. Purchased cryptocoins cannot be exchanged or exchanged.
  3. When you purchase cryptocurrency for the very first time on Bitrush, verification of your account number, email address, and phone number will be required.

    Selling methods

To sell your coins, click on “Sell” and come in the following details:

  • Amount (ter EUR or BTC)
  • Terugwedstrijd address
  • IBAN account name
  • Account holder
  • Email address

Then click on the “Sell Bitcoin” button. You will receive a confirmation of your transaction te your email. Bitrush will then provide you with an address to which you can send your coins.

Available cryptocurrencies

Cryptocurrencies available on Bitrush include Bitcoin, Litecoin, Ethereum, Bitcoin Metselspecie, and Dash. The only fiat currency accepted is the Euro.

Verification factors

ID verification is required to purchase cryptocoins on Bitrush if the user is transacting via credit card. Individual information you will be required to disclose for verification purposes includes:

  • Your email address
  • Telephone number
  • Handelsbank account number

You may be asked to send a copy of your ID and other identification documents for verification if Bitrush deems it necessary.

If you are paying via canap transfer (iDeal, MyBank or Bancontact) ID verification is not required if you’re purchase is less than €2,500. Only a verification code is needed, which is sent to your mobile phone. However, for larger transactions, ID verification is required.

Bitrush Fees

Bitrush lists its exchange rates on its webstek. Fees are charged based on the payment method and they are spil goes after:

  • iDEAL: €0.37
  • Bancontact: € 0.22 + 1.40%
  • MyBank: € 0.22 + 1.52%
  • Credit Cards (MasterCard and VISA): € 0.31 + 6.27%

Bitrush Special features

Affiliate program

The affiliate program pays a 0.5% commission of the order amount. Commissions are paid monthly once the amount reaches 50 EUR or more. Payments are paid ter any of the crypto coins suggested by Bitrush.

Cooling-down period

Your coins are held for a period of 2-working days once the purchase limit has bot reached. The next period starts after the 2-work day period has expired.

The cooling-down period is a security measure that enables the payment provider to spot and report any fraudulent activity to Bitrush.

Is BITRUSH safe?

Is Bitrush legit? Coincidentally, there are existing companies that have a similar name. There is a company called Bitrush.co which is a Bitcoin payment toneel. There is another called Bitrush.org, which wasgoed discovered to be a Ponzi scheme te 2018. It is significant to note that this review is about Bitrush.nl, which is a registered Dutch exchange.

Security

Bitrush has an SSL certificate and it conforms with the Private Gegevens Protection Act. It also requires all account users to get verified before they can make their very very first purchase. Furthermore, it takes certain measures to avoid fraud by implementing a feature known spil the cooling-down period. Cooling – down is ensuring that the coins are being held for Two work days after the purchase limit is reached. The reason behind this is to create a time framework for the banks and BitRush and so that those can avoid frauds. The cooling – down proces can be skipped ter case the users go through an ID verification.

Costumer support

Bitrush has a reliable customer support that is available from Monday to Friday, Ten am to Five.30 pm. You can reach them via email, talk, making a call or even by paying a visit to their Mokum office, which is located on the Amstel 62, 1017 AC.

Treating speed

Transactions on Bitrush are pretty swift. Unless there is an punt with the network, coins are delivered almost instantly. The treating speed is also somehow related to the level of verification because ter case you have not done an ID verification, it will take a longer period of time of the BitRush team to investigate and make sure that you are a legit user.

How to use BitRush?

To buy cryptocurrencies on BitRush you need to:

  1. Go to the bitrush.nl homepage.
  2. Inject either how much you want to spend or how many coins you want to buy.
  3. Type te your public address to receive the coins.

Te case you are buying crypto coins for the very first time from BitRush you need to get verified.

Ter order to sell Dash, Litecoin, Ethereum or Bitcoin on this exchange toneel you need to:

  1. Determine how many cryptocurrencies you are selling on the website’s sell-tab section. You can make up your mind both with EUR and with the coins of your choice.
  2. Pack te the address of coin that the refunds should be sent to if any errors toebijten.
  3. Come in the number of your bankgebouw account that you will get paid through.
  4. Inject your name- it has to be the same spil the name of your handelsbank account.
  5. Come in your email and confirm it.
  6. Read and agree to the terms and conditions.
  7. Send the coins to the address of the buyer. The spending process takes around 15 minutes. Ter case of errors, you can refer back to the step #Two.
  8. You will receive our money within 1 to Two work days.

Review Summary

  • Ordinary and effortless to use interface
  • Swift delivery of cryptocoins
  • Not anonymous
  • ID verification
  • No e-wallet
  • 24/7 customer support not available

Like many other cryptocurrency exchanges, Bitrush has its fair share of challenges. While it does facilitate safe and secure buying and selling of cryptos, it does not suggest its own web wallet or other services for the matter. The other punt is the verification problem. Users who choose to remain anonymous are likely not to use Bitrush.

What wij like about the exchange is its lightning speed delivery of coins. This is always a key factor when users are looking for a good and reliable exchange.

Thank you for reading this Bitrush review. If you want to learn more about crypto trading and exchanges, check our webpagina.

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