Dutch roots and euro focus
LiteBit started in Rotterdam in 2013 to make crypto buying simple across Europe. It lets users pay in euros using iDEAL, Bancontact, SOFORT, EPS, Giropay, MyBank and SEPA. Around 50 to 80 coins are supported, split between Easy Trade for newcomers and an Exchange mode with proper order books.
How the platform works
Easy Trading handles fast crypto buys with familiar euro payment methods. Exchange mode gives standard order-book tools like market, limit and stop-limit orders. There's also a mobile app on iOS and Android, plus an integrated wallet if you don't want to self-custody right away.
Snapshot table
- Founded: 2013, Rotterdam
- Fiat support: EUR via iDEAL, SEPA, cards and more
- Assets listed: 50-80+ coins
- Trading modes: Easy Trade & Exchange
- Fees: About 1-1.5% mark-up on trades
- Withdrawals: SEPA & crypto, costs not always clear
- KYC: Three-tier verification
- Security: 2FA, cold storage
- Support hours: Weekdays 09:00-17:00 CET
Where LiteBit shines
Perfect for euro users thanks to a long list of local payment options. Easy Trade suits beginners, while Exchange mode lets you use more advanced order types. It won “Best Crypto Broker” in Europe in both 2019 and 2020, and the mobile app makes it easy to handle everything on the go.
Where it falls short
Mark-ups are steep - roughly 1-1.5%, which is much higher than big global exchanges. Withdrawal costs aren't always clear either, so your total expense can be hard to pin down. It also lacks margin, derivatives, or direct crypto-to-crypto trading. And since LiteBit is now winding down operations into Bitvavo, its long-term independence is ending.
Trust and security picture
LiteBit uses two-factor auth and holds crypto mostly in cold storage. It did experience a minor data leak back in 2017, but no funds were lost and there's been no serious breach since. Still, it lacks deeper transparency like regular external audits or proof-of-reserves snapshots.
Pros & cons
- Pros: Strong euro payment support, beginner-friendly with two trading modes, reliable app, longstanding brand in Europe.
- Cons: High fees, unclear withdrawal costs, mixed support quality, no leverage or advanced crypto-to-crypto, plus slowly merging under Bitvavo.
Bottom line
LiteBit works well for Europeans wanting to pay in euros via familiar systems. It’s simple, clean and well-known. But you pay for that with bigger mark-ups and fewer trading tools. For large trades, leverage or deep crypto-only action, global platforms are still stronger.