The best Bitcoin platforms. Part 1: Cubits
The whole idea of using a digital currency is based on our willingness to make the payments as fast, secure and painless as possible. Sadly, it isn’t always the case. Sometimes we have to wait for hours, or even days, for our transaction to be processed.
Today, we will talk about the best Bitcoin platforms and marketplaces that can make using Bitcoin a pleasant experience for you.
Cubits is a London-based startup founded in 2014. The platform offers all-in-one services: the users are able to buy, exchange, store, and accept Bitcoin as well as use it to pay for various services. Basically, it’s a multi-purpose user friendly online brokerage platform.
The company mission statement is simple yet meaningful: “One world – one currency”. Cubits aims to build the quality future of finance, allowing financial connections between people all over the world, regardless where they are located. The company embraces a new era, where payments are fast, secure and cheap.
As of now, Cubits is the largest Europe-based financial institution whose services are inspired by blockchain. The company positions itself as a leader in the world of finance. Its main goal is to introduce positive changes to the global society and to simplify payments from anywhere in the world.
Let’s take a closer look at the platform and its services.
Cubits is an incredibly effective easy-to-use Bitcoin platform that allows the users to exchange Bitcoin for any of the 17 available at the moment conventional currencies. User verification is extremely simple and quick, making it one of the best KYC processes on the market. All you need in order to become a client is a national ID and a few minutes of your time. As soon as your identity is confirmed, you will be able to make a deposit using various conventional money transfer options.
The merchant option from Cubits is widely explored by a large number of companies. For example, it’s one of the simplest payment methods for Bitcoin online casino players who have no previous experience with cryptocurrency.
The fees aren’t that low as compared to similar platforms. Perhaps, it has something to do with the impressive transaction speed and efficiency of the brokerage. We are hoping that the prices will come down as the project evolves.
Two factor authentication protects your account via login process. The user will be informed of any suspicious transactions or personal information change. Every withdrawal goes through Cubits system. If your payment is large, it will be checked manually. Should the support service notice anything strange going on with the account, the owner will be contacted immediately.
How to create an account
The KYC process for Cubits was created by Jumio, one of the leading companies in the field of user verification services. The platform is being able to identify users from over 120 countries. All you need to do is provide the front and back photos of your national ID and click “confirm”. As soon as the verification process is completed, you will be able deposit in any of the 17 currencies accepted by Cubits.
As a merchant client, you will need to input the meta-tags to your Home page in order to prove the website ownership.
The mobile version of the website is optimized for smartphones. The users will be able to make a deposit, withdraw, send and accept money. However, the nice KYC feautures provided by Jumio aren’t available for your cellphone just yet. It’s probably the only thing that keeps the website from being perfect. There are also talks about making a mobile app for Android and iOS platforms that weren’t conformed by the company.
If there’s anything Cubits users have the right to complain about, those are the fees. The platform is charging 0.9% for its services which is considered fairly high as compared to the competitors. That being said, for many Cubits clients, the opportunity to choose from a large number of money transfer options outweighs high fees.
Cubits support team is friendly, effective and quick to reply – you will receive an e-mail within an hour or two. Aside from replying to clients’ questions, the client support provides various additional services, such as, for example, resetting a two factor authentication.
To sum up, Cubits is an easy-to-use platform with a user-friendly interface and a reliable user verification system. If you’ve got an ID, you’ll be able to access its full functionality within 5 minutes. Cubits is also one of the best choices for those wanting to explore the world of Bitcoin online gambling. Relatively high transaction fees may deter some users from trying Cubits. Keep in mind, that’s the price that allows you to gain access to one of the safest and fastest Bitcoin brokerages in the world.