Bitnomics review 2023 – should you trust this company?

About the exchange

Bitnomics is a licensed, long-established cryptocurrency exchange platform that operates in the market today. According to its website, the company relies on transparency and a professional approach to attract customers. It offers a fully regulated path for individuals and corporations to buy and sell popular cryptocurrencies such as Bitcoin and Ethereum. 

According to the information shared by the company, more than 17,000 customers have already used Bitnomics’ services since it was established. This brand is headquartered in Estonia and it seems to succeed in providing a great level of security for customers. That is why we decided to take a closer look at its services, so you can decide whether or not this is the right crypto exchange for you.

Reasons to choose Bitnomics

People who buy crypto online with Bitnomics are safeguarded by cutting-edge technology, which is constantly monitored, tested and upgraded. The exchange also adheres to the highest standard of AML and KYC procedures, holding transparent rules and procedures that are set by the highest standards in the industry.

Users are able to both buy and sell Bitcoin and Ethereum at attractive market rates. Bitnomics works with reliable liquidity providers to ensure customers have access to the most competitive quotes in the market. 

In terms of the exchange process, from what we see, it is very quick and intuitive. The user interface is friendly and even those who have no prior experience with exchanging crypto will find it easy to understand. 

Opening an account

There are a few things you need to do when signing up for an account with Bitnomics. The first step is to open the account by providing some identification details. After that, different rules apply for verification, depending on user type (individual and corporate clients are accepted), as well as the amount you would like to exchange. 

For example, if you are an individual client and you wish to exchange between €200 and €14,999, the company requires the following documents:

• ID/passport/driving license
• Proof of residence
• Live identity verification (for non-EU citizens only)
• Declaration of crypto purchases.

Other documents might be needed when customers want to exchange larger amounts. Bitnomics also does not provide crypto storage services – you will need to provide your own crypto wallet. After the transaction is settled, the company sends tokens directly to the wallet address you’ve provided upon setting up the exchange. 

Support

Engaging with a Bitnomics representative is possible through multiple means. Whether you are interested to find out more about their services or you have a technical issue that you need fixed, the company is available via email, phone and live chat. 

The chat is the fastest solution, and replies are typically granted within 15 minutes during working hours. Bitnomics is active on multiple social media platforms and has already established a robust online presence. 

Ending thoughts

Considering all of the above, Bitnomics has all the qualities that people look for in a cryptocurrency exchange. This brand is licensed and puts a focus on customer security. Also, the crypto rates are attractive and transactions are settled at the best market price. The exchange accepts customers from all around the world, as long as they comply with the KYC requirements.