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 | Details |
|---|---|
| Exchange Name | Chilebit.net |
| Exchange Type | Cryptocurrency |
| Language | English |
| Withdraw Fee | 0.0001 BTC |
| Top Country | India |
| Support | 24/7 |
| Taker Fee | 0.70% |
| Maker Fee | 0% |
| Website | Homepage |
How To Sign Up & Start Chilebit Trading
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.
Member of BLINKTRADE
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.
Conclusion
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.