When you decide to trade in Bitcoin, you must know that there are currently many options available for individuals looking for Bitcoin exchanges. However, there are always a chance of you stumbling upon an exchange that is nothing but scam. We have seen multiple events in past that conjointly point to the same “scandalous” conclusion — people losing money. Therefore, it becomes necessary to research a bit before zeroing-in on a Bitcoin exchange.
As a Bitcoin news website, our search for such a reliable exchange has now brought us on the doors of Cryptonit. Looking at their website, one can see how the exchange caters for traders wishing to trade between multiple fiat and cryptocurrencies. These assets include: Bitcoin, Litecoin, Peercoin, Namecoin, Dogecoin, as well as US Dollar and Euro.
For once, Cryptonit gives an impression of being the earliest of cryptocurrency exchanges. Launched in 2012, the trading platform is owned and operated by UK-based Cryptonit Solutions Ltd. As an exchange, Cryptonit works in close collaboration with the Financial Conduct Authority (FCA). Since the UK’s regulator has exempted Bitcoin exchanges from obtaining a regular license, Cryptonit is permissible to offer Bitcoin trading services throughout Europe.
Due to its involvement in sending/receiving fiat