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Tuesday, June 18, 2024

Chilebit.net Exchange Review : The First Bitcoin Exchange in Chile

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About Chilebit.net

Chilebit.net is a fiat-BTC exchange with Service Centers based in Chile. Chilebit offers the following trading pairs, BTC/CLP, BTC/VEF, BTC/BRL, BTC/VND, and BTC/PKR. It also provides users with two-factor authentication, live backups, and encrypted wallets. Chilebit is a member of [Global BlinkTrade], including FoxBit in Brazil, SurBitoicn in Venezuela, UrduBit in Pakistan ,and VBTC in Vietnam, and companies, market makers and other payment processing systems. Chilebit.net is, unsurprisingly enough, an exchange from Chile. The exchange highlights four things as the main advantages with this trading platform: it is easy, it is fast, it is 100% transparent when it comes to source code and wallets.

Exchange NameChilebit.net
Exchange TypeCryptocurrency
Withdraw Fee0.0001 BTC
 Top CountryIndia
Taker Fee0.70%
Maker Fee0% 

How To Sign Up & Start Chilebit Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Chilebit.net Trading fees

Chilebit.net have not been able to find this exchange’s trading fees. This is potentially a risk for you as an investor (if they are not informed of anywhere they believe there is a higher risk that they are high). Accordingly, they strongly urge you to make your own analysis of the trading fees at this exchange before depositing any funds at it and before concluding that it is the best cryptocurrency exchange site for you.

Chilebit.net Withdrawal fees

Chilebit.net charges a withdrawal fee amounting to 0.0001 BTC when you withdraw BTC. This fee is below the industry average. Accordingly, it constitutes a competitive advantage against the majority of other top crypto exchanges in the market.

High taker fees

Market takers at ChileBit are charged 0.70%, which is a high fee when compared to what major exchanges charge. However, a lot of local players offer higher fees thanthe average in the sector. For example, Buda.com (previously known as SURBTC)  ), one of the biggest exchanges in Chile, charges market takers 0.8%.

Special Features Chilebit.net

Easy and Fast

Chilebit.net strive for simplicity. They work hard to make it easy for you to buy and sell and use advanced features like open source trading algorithms, even if you are completely new to trading. All of the deposits and withdrawals are processed instantly so that you can get your bitcoins in less than 1 minute.

100% Transparency

The dedication to transparency includes the source code which is 100% open source so that everyone can analyze it and help s look for weaknesses in the security. The hot and cold wallets are also public so you can do your own solvency check of exchanges any time directly on the blockchain.


Chilebit.net are a member of the global BlinkTrade network, that includes FoxBit in Brazil, SurBitcoin in Venezuela, ChileBit.NET in Chile, UrduBit in Pakistan and VBTC in Vietnam among other companies, market makers, remittance agencies and payment processors. Through platform you will have access to this global network of exchanges and will be able to navigate all of them in the language of your choice.


ChileBit allows Chileans to enter the world of cryptocurrencies. More specifically, it offers trading in Bitcoin against CLP via BLINKTRADE’s software. Experienced enthusiasts will probably find better exchanges, offering more altcoins and lower fees.

In general, the main risk involved with all crypto-exchanges is security. Some of them get hacked and their clients lose their coins. Some forex brokers also offer Bitcoin trading and provide higher protection, so maybe you shoud check them out.

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Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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