Search Inside Bitcoins

Bittylicious Exchange Review – Fees, Pros, Cons and Features

Founded in 2013, Bittylicious is a third-party escrow provider between cryptocurrency buyers and sellers. Day trading is not possible on the platform.
Rating 2/5

Bittylicious is a third party exchange that allows users to buy cryptocurrency with fiat money.

The exchange targets the UK market, meaning that Pound Sterling is the default currency.

If you’re from the UK and thinking about buying cryptocurrencies with Bittylicious, be sure to read our comprehensive review. We’ll discuss everything from payment methods, fees, supported coins, and more.

eToro - Our Recommended Crypto Platform

Our Rating

eToro exchange
  • ASIC, CySEC and FCA regulated - 20 Million Users Worldwide
  • Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
  • Free Demo Account, Social Trading Community
  • Free Secure Wallet - Unlosable Private Key
  • Staking Rewards for holding ETH, ADA or TRX
  • Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit
eToro exchange
68% of retail investor accounts lose money when trading CFDs with this provider.

On this Page:

Contents [show]

    If you’re in a rush and don’t quite have the time to read our review in full, then we concluded by noting that we cannot endorse Bittylicious. The main reason for this is that Bittylicious exchange rates are really bad, they operate in an unregulated manner, and there is no ability to short coins or apply leverage. Instead, we prefer heavily regulated exchanges like Coinbase, who allow you to long and short 15 cryptocurrencies, fees are super low, and the platform is really easy to use.

    What is Bittylicious?

    Bittylicious is a UK-based cryptocurrency exchange that allows users to buy and sell a small range of digital coins.  Although the platform was first launched in 2013, Bittylicious is still not regulated by any notable bodies.

    The Bittylicious website is very basic, which makes it super easy to buy coins if you’re a beginner. Although Bittylicious focus heavily on the UK market, they also accept payments from other countries too.

    Bittylicious makes their money by adding their fees within the offered exchange rate.

    How does Bittylicious Work?

    Bittylicious is quite different from other leading exchanges such as Coinbase, as they act more like a third-party escrow provider. When you buy crypto at Bittylicious, you enter the amount that you want to purchase, and the rate is pre-defined for you.

    Bittylicious then matches you with a registered broker, who will then deposit the coins into the Bittylicious escrow wallet. Once the broker confirms that you have deposited funds directly into their account, Bittylicious will then release the coins into private Bitcoin wallets.

    This is actually a really inefficient process, as you need to wait for the broker to confirm that your payment has been received. Obviously, if you are using a bank wire, you might need to wait up to 5 working days before the funds actually arrive. Some brokers do allow you to use a debit or credit card, however, this is only available in certain countries.

    As soon as the purchase is complete and the coins have been released, that’s the end of the transaction. This means that you cannot actually engage in day trading at Bittylicious, meaning that the platform is best suited for long-term investments.

    Best Cryptocurrency Exchange in May 2022

    $
    =
    Paxos Standard
    Paxos Standard
    Paxos StandardPaxos Standard
    StellarStellar
    XRPXRP
    LitecoinLitecoin
    EthereumEthereum
    Bitcoin CashBitcoin Cash
    BitcoinBitcoin
    MonaCoinMonaCoin
    AugurAugur
    Bancor Network TokenBancor Network Token
    Golem Network TokenGolem Network Token
    MakerMaker
    GnosisGnosis
    AragonAragon
    Basic Attention TokenBasic Attention Token
    Status Network TokenStatus Network Token
    Crypto.comCrypto.com
    StorjStorj
    DecentralandDecentraland
    UtrustUtrust
    Enjin CoinEnjin Coin
    ChainlinkChainlink
    USD CoinUSD Coin
    BitTorrentBitTorrent
    HedgeTradeHedgeTrade
    QuantQuant
    Matic NetworkMatic Network
    Ocean ProtocolOcean Protocol
    AlgorandAlgorand
    SwipeSwipe
    Orchid ProtocolOrchid Protocol
    Multi Collateral DaiMulti Collateral Dai
    CyberVeinCyberVein
    Hedera HashgraphHedera Hashgraph
    UniBrightUniBright
    LoopringLoopring
    0x0x
    HiveHive
    RevainRevain
    Nervos NetworkNervos Network
    SynthetixSynthetix
    TetherTether
    CompoundCompound
    CeloCelo
    KusamaKusama
    VergeVerge
    TerraTerra
    Bitcoin GoldBitcoin Gold
    SteemSteem
    KomodoKomodo
    Ethereum ClassicEthereum Classic
    ZCashZCash
    VeChainVeChain
    ZilliqaZilliqa
    TRONTRON
    TezosTezos
    SiacoinSiacoin
    RavencoinRavencoin
    QTUMQTUM
    OntologyOntology
    OMG NetworkOMG Network
    NEONEO
    NEMNEM
    MoneroMonero
    LiskLisk
    IOTAIOTA
    IOS tokenIOS token
    ICON ProjectICON Project
    FantomFantom
    EOSEOS
    DogecoinDogecoin
    DecredDecred
    DashDash
    CosmosCosmos
    CardanoCardano
    BitsharesBitshares
    Bitcoin SVBitcoin SV
    WavesWaves
    yearn.financeyearn.finance
    Kyber NetworkKyber Network
    PAX GoldPAX Gold
    KavaKava
    BalancerBalancer
    Curve DAO TokenCurve DAO Token
    NanoNano
    Band ProtocolBand Protocol
    UMAUMA
    StoxStox
    RENREN
    RIF TokenRIF Token
    Reserve RightsReserve Rights
    Energy Web TokenEnergy Web Token
    FTX TokenFTX Token
    ElectroneumElectroneum
    Celsius NetworkCelsius Network
    ThorchainThorchain
    AaveAave
    SerumSerum
    SushiSushi
    Binance CoinBinance Coin
    HeliumHelium
    ZBZB
    ChilizChiliz
    ElrondElrond
    AvalancheAvalanche
    TomoChainTomoChain
    DFI.moneyDFI.money
    Bitcoin DiamondBitcoin Diamond
    ThetaTheta
    Huobi TokenHuobi Token
    BlockstackBlockstack
    PolkadotPolkadot
    StacksStacks
    SolaSola
    SolanaSolana
    StratisStratis
    PlusCoinPlusCoin
    PolygonPolygon
    Machine Xchange CoinMachine Xchange Coin
    Uniswap Protocol TokenUniswap Protocol Token
    HoloHolo
    Wrapped BitcoinWrapped Bitcoin
    The GraphThe Graph
    DaiDai
    xDai ChainxDai Chain
    Shiba InuShiba Inu
    SafeMoonSafeMoon
    1inch1inch
    The SandboxThe Sandbox
    Axie Infinity ShardsAxie Infinity Shards
    Hoge FinanceHoge Finance
    Alien WorldsAlien Worlds
    Yield Guild GamesYield Guild Games
    Ankr NetworkAnkr Network
    Hydro ProtocolHydro Protocol
    Oasis LabsOasis Labs
    RaydiumRaydium
    IlluviumIlluvium
    Render TokenRender Token
    GalaGala
    TravalaTravala
    PancakeSwapPancakeSwap
    Ethernity ChainEthernity Chain
    HarmonyHarmony
    iEx.eciEx.ec
    NumeraireNumeraire
    aelfaelf
    ABBC CoinABBC Coin
    ArdorArdor
    AmpleforthAmpleforth
    Crypto.com Chain TokenCrypto.com Chain Token
    ArweaveArweave
    Worldwide Asset eXchangeWorldwide Asset eXchange
    HorizenHorizen
    BytomBytom
    Gatechain TokenGatechain Token
    JUSTJUST
    HyperCashHyperCash
    NEXONEXO
    Floki InuFloki Inu
    1 Providers that match your filters
    Sort By
    Rating
    Rating
    Price
    1 Providers that match your filters
    Payment methods
    Features
    Usability
    Support
    Fees
    0 or better
    Safety
    0 or better
    Coin selection
    0 or better
    Rating
    0 or better
    Rating
    for $1000 you get0.0332 BTC
    What we like
    Easiest to deposit
    Most regulated
    Copytrade winning investors
    Fees
    Safety
    Coin selection
    for $1000 you get0.0332 BTC
    68% of retail CFD accounts lose money.
    Features
    Instant verificationFor beginnersWallet ServiceMobile App
    Payment methods
    Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort

    What are Bittylicious Alternatives?

    68% of retail CFD accounts lose money.
    As prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.
    74% of retail investor accounts lose money when trading CFDs with this provider.
    The price and value of any investment in digital asset products can fluctuate.
    The traded price of digital tokens can fluctuate greatly within a short period of time.
    Market prices for digital tokens can be volatile and highly unpredictable.
    As with any asset, the values of digital currencies may fluctuate significantly.
    The value of digital currencies can go up or down frequently.
    71% of retail CFD accounts lose money.
    Rating
    5.0
    4.9
    4.7
    4.7
    4.6
    4.5
    4.4
    4.3
    4.1
    Mobile App Rating
    10/10
    10/10
    9/10
    9/10
    8/10
    8/10
    9/10
    9/10
    9/10
    Mobile App
    Wallet
    Number of Coins
    13410859223412465215
    Trading Fees
    Spreads0.2%Spreads0.1%0.1%0.1%0.1%0.50%Spreads
    Deposit Fees
    N/AN/AN/AN/AN/AN/AN/AN/AN/A
    Withdrawal Fees
    $5N/AN/A0.0005 BTCN/AN/AN/AN/AN/A
    Regulated
    ASIC, CySEC, FCAN/ACySECN/AN/AN/AFCAFCACBI, MiFID
    Min. Deposit
    $50N/A100 EURN/AN/A$10$10$2$100
    Leveraged Trading
    N/A1-200xN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x
    Bitcoin
    $30143.74$40377.55$30261.29$30163.34$40391.88$40393.04$40404.41$40416.27$30246.22
    Ethereum
    $2059.82$2795.54$2035.56$2022.93$2796.11$2795.55$2797.45$2796.59$2028.48
    XRP
    $0.44$0.78$0.43N/A$0.23N/A$0.78$0.30$0.44
    Tether
    $1.00N/AN/A$1.00$1.00N/AN/A$1.00N/A
    Litecoin
    $70.50$108.99$69.54N/A$109.04N/A$109.10$109.04$69.61
    Bitcoin Cash
    $199.57$294.96$198.40N/A$506.41N/A$295.12$295.07$198.30
    Chainlink
    $7.10$14.68$7.12N/A$14.26N/A$14.68$14.67$7.21
    Cardano
    $0.55$0.83$0.54N/A$0.83N/A$0.83$0.83N/A
    IOTA
    $0.35$0.70$0.34$0.34N/A$0.70$1.91$1.91$0.34
    Binance Coin
    $315.44N/A$308.21$308.13N/AN/A$385.92N/AN/A
    Stellar
    $0.13$0.19$0.13N/A$0.19$0.08$0.19$0.19$0.13
    Bitcoin SV
    $51.12$77.12$50.81N/A$182.50N/AN/AN/AN/A
    USD Coin
    $1.01$1.00N/AN/A$1.00N/AN/AN/AN/A
    EOS