Best Bitcoin brokers, part 1: Cubits

Today we will review some of the most successful and noteworthy Bitcoin broker platforms. Whether you’re trying to learn about the mysterious world of crypto, or just looking for a simple, safe and effective platform for your regular transactions – there are some options worth exploring.

General overview

Cubits is a London based startup founded in 2014. In our opinion, it’s one of the most efficient Bitcoin platforms presented on the market. Cubits allows you to exchange Bitcoin for 17 different fiat currencies. Its verification system is incredibly fast, yet secure. All you’re going to need is a national ID and a few minutes of your time.

After you’ve confirmed your identity, the system allows you to choose from various deposit options and transfer money worldwide. The broker platform is appealing for many merchants who add it as a payment option to their websites. For example, many Bitcoin online casinos find Cubits very convenient and recommend it to their customers as one of the easiest ways to get to know the exciting world of Bitcoin slots. Even if you aren’t new to Bitcoin, you will be impressed by the simplicity of the platform and its transaction speed.

 

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Platform security

Every account is secured by two-factor authentication upon login. The system tracks any suspicious transactions and withdrawals as well as personal information changes, and notifies the user in order to prevent possible violations.

Your Bitcoins are also secured and stored in a so called “cold storage”. You could compare it to a bank safe. 100% of the coins are kept offline which means they cannot be accessed from “outside”and stolen.

How to open an account

The verification system used by Cubits has been developed by Jumio, one of the leading companies in the field of KYC data management. The platform offers its services to users in over 120 countries all over the world. All you need to do is to click “verify” and upload the pictures of your national ID – both, the front and the back side. You can take it with your webcam. The confirmation usually doesn’t take longer than a couple of minutes.

If you wish to open a merchant account, you will be required to submit the meta-tags to your Home page to confirm the website ownership.

Cubis wallet

Cubits offers a fairly simple exchange of your Bitcoins to one of the 17 available currencies. The clients are able to buy Bitcoins instantly – your purchase will appear in your wallet right after you’ve confirmed the transaction. Deposit options are available via bank transfer. After that users are welcome to explore various exchange options provided by Cubits. The interface is intuitive and includes five tabs where you can

  • transfer Bitcoin to an address or using QR code
  • request Bitcoin via email
  • buy Bitcoin + deposit options
  • sell Bitcoin + withdrawal options
  • view current activity

Cubits pay

Cubits pay is an effective solution for merchants, widely used by e-commerce. It allows you to add a “pay with cubits” button to your website. After clicking the button, clients are transferred to the login page and, once the verification is successful, choose the amount of Bitcoins they wish to send to the merchant’s account. All transactions are being processed immediately.

Mobile users

Seeing a successful online broker platform not to have a mobile app might be a bit odd in the 21st century. We are hoping that Cubits developers are working on it. Or, at least, on adding the verification system by Jumio to their mobile website. So far it’s the only one little thing we can complain about. Other than that, the mobile view provides users with the full functionality of the desktop version and is pretty easy to use.

Support team

Cubits’ client support team is extremely helpful and approachable. You will normally receive a reply to your email within 1-2 hours. Aside from replying to users’ inquiries, client support specialists are responsible for providing additional services, such as, for example, resetting the authentication data.

Summary

If you find an idea of using a simple broker with an user-friendly interface quite appealing – Cubits is definitely worth checking out. The platform supports most countries in the world, accepts various payment methods and ensures fast transaction speed. Such level of effectiveness causes higher fees than those charged by similar platforms with less functionality. Broker safety is another criteria to keep in mind when choosing your platform. As long as their Bitcons are kept in a safe “cold storage”, Cubits users have nothing to worry about.

 

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