The leading US exchange platform, Itbit, was invented in the year 2013. Presently, situated in New York, the other official representative of the exchange is situated in Singapore. It is the first company from the bitcoin domain to receive a license from a New York Department of Financial Services hence; it is renamed as ItBit Trust Company, LLC. For any information related to Itbit, feel free to call on ItBit support number which is entire time active. The team knows all the possible hacks that are required to resolve the problems.


Methods to deposit with ItBit

Sometimes users don’t know the methods to deposit with ItBit. It’s quite normal as most of the users don’t have much knowledge about the product and unable to handle certain features as well as functions. So, here are a few ways and means  through which customers can deposit :

  1. a) Telegraphic transfer

For International Telegraphic Transfer, also known as Bank Wire, takes around the time of five days since the day you have guided your bank to appear your account. There is no control over the timing and it gets down the day when you submitted the instructions because usually, banks considered it in overnight batches that lead to complexities when the banks lie in different time zones.  In order to receive a deposit through telegraphic transfer, the bank charges a fee of USD $5.00. Though ItBit is not responsible for supplementary bank charges, FX charges etc.

  1. b) SEPA EURO transfer

This transfer takes around 0-2 business days to complete the interbank process. Itbit process wires in the span of one business day of receiving deposits in our bank account. The transfer fees for less than EUR 50,000 IS 3.64 EUR and for more than EUR 50,000 IS 34.68 EUR.

  1. c) GIRO/Fast

Presently, deposits are not being accepted by GIRO or FAST in Singapore.

  1. d) Direct Cash Deposits or Cheque Deposits

There is no acceptance of physical bank notes or cheque deposits into the bank account. For any sort of errors while cash and cheque deposits, ItBit act out an administrative charge for the deposit and consequently wire the funds back (if they are about the sender).

For the attributes like low transaction fees as well as free withdrawal charges in Bitcoin and Singaporean dollar, attracts the users worldwide. The exchange has some advantages like access to all 50 American states, high liquidity, and regulation of its activities by Federal authority. As we know there are some errors in the exchange which users face while trading on it. In order to resolve all the errors from the roots, feel free to contact the experts who are always functional and users can contact the team anytime. Just take your phone and dial ItBit customer service number which is functional all the time to assist you. The team is always at your service and knows all the state-of-the-art techniques and procedures which are sort of helpful in fixing all your queries. Contact the team for fruitful results.