Is Paybis Legit? How efficient is it? Is there anything  unique about it but you should look forward to?  We are about to find out about that  in our comprehensive review today.  Without further ado let’s get right into it:

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Name of the platform: Paybis

Official Website URL: https://paybis.com/

Overall Rating: (4.5 / 5)

Recommended: Yes

==> ( Looking for  a platform that is as great as Paybis but with extra features and benefits? Have a look at my number one recommended alternative to it)<==

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Table of contents

• Is Paybis Legit?
• Which services does it offer?
• Which currencies are in the payment methods accepted by Paybis?
• Which  fees can you expect to be charged on this platform?
• Which countries is this platform supported in?
• Are there any buying limits on this platform?
• Is Paybis Genuine or is it a scam?
• Pros and Cons

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Is Paybis Legit? (What is it about?)

Paybis is a  popular Bitcoin exchange platform that is based in the UK. The owners of the platform endeavour  to make it a fast and responsive exchange platform in a bid to ensure that the customers find it.  the platform,  which was founded back in 2014,  has its headquarters  in Edinburgh. Beyond offering a user interface that is very  intuitive,  the platform also presents an satisfactory collection  of cryptocurrencies that you can purchase. 

Paybis  is the brainchild of: 

• Innokenty Isers 
• Konstatin Vasilenko 
• Arturs Markevics  

 The three founders  have managed to push the company to  more than 300,000 customers,  which in my  opinion is quite impressive. 

Should Paybis, therefore be your go-to option?  Keep reading to  find out whether it actually is.

The services offered by Paybis

Paybis has a one page website on which you can access a wide variety of tools and information that you need to get started with the purchase of cryptos. Even the approach rates and fees are displayed in a manner that you can view easily.

The account signup process  is rather fast since it can be done manually or even using our customers Facebook and Google logins. Paybis sticks to the AML and KYC laws, hence you will be required to validate your identity as you purchase the cryptocurrencies. 

Every time you purchase your tokens,  you will be required to confirm the purchase through a link that Is sent to your email,  which I think is something that adds an extra level of security. Paybis  is not a custodial service,  hence you will need to get your external wallet to store  the coins that you buy. 

Which currencies are in the payment methods accepted by Paybis? 

This platform Allows customers to access and use a decent range of both fiat and digital currencies as well as payment methods.  So far the  cryptocurrencies that it offers are: 

•  Bitcoin
•  Litecoin
•  Bitcoin Cash
•  Ethereum 
•  XRP
•  Stellar Lumens
•  Binance Coin 
•  Tron
• NEO 

 These are not as many as you  we’ll find another well-developed bitcoin exchanges,  but they may be more than enough for you depending on what your exchange objectives are. Paybis  keeps on updating its list of cryptocurrency offerings,  so you can check with them from time to time to see if they are supporting a coin that you are interested in. The fiat currencies supported by this platform are USD,  GBP, EUR. 

For the payment methods you should be ready with one of the following  platforms: 

• Credit card
• Debit card
• Skrill 
• Neteller
• Payeer
• Advanced Cash
• Wire transfers
• SEPA

Which  fees can you expect to be charged on this platform?

The fees that you incur may differ significantly based on the payment method that you use,  but they will be  made known to you right at the beginning of the buying process.  The credit and debit card purchases usually attract a 10%,  which in my opinion is quite expensive. 

This  platform has a 5% markup in addition to the normal  fees that are charged for the card transactions. On the overall,  I think the cheapest way that you can buy cryptocurrencies of this platform is through SEPA Euro Transfers  that have a competitive fee of 1.5%  of the amount that is being transacted. For the other payment methods,  here at the face that you are bound to be charged: 

• Skrill- +10%
• Payeer- 8.95% 
• Neteller – +5%
• Advanced Cash – 4.95%
• USD Wire Transfer – 3% 

Which countries is this platform supported in? 

Despite being a global Bitcoin exchange platform, Paybis is still restricted in some countries. As much as they have indicated their website that they serve customers from every country,  in reality you will find that things are a little bit different.  Their services are for instance not available in some States in the US, such as Nevada,  Florida and New York.

Based on the Fiat currencies that Paybis  supports, we can tell that it is best suited for customers who are leaving the UK Europe and in the USA. 

 Are there any buying limits on this platform?

 The buying limits will worry depending on the payment method that you use as well as how far you have gone with a verification of your identity. Paybis, however, who claims to offer very generous  limits on cryptocurrencies.  Credit card purchases for instance have a daily limit of $20000, and a monthly limit of $50000.

If you are ever want to do large purchases the best approach for you would be to rely on SEPA transfers, for which there is a $200,000 weekly limit, upon going through with the highest identity verification level. 

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Is Paybis Genuine or is it a Scam?

Paybis Happens to be one of the very few platforms that have a near-perfect score all consumer trust sites such as TrustPilot. On Trustpilot, this  platform has a rating of (4.6/5) stars, based on  more than 8000 customer reviews.  This called me mainly as a result of the prompt responses that the support team  gives to the customers.  There was barely any  dissatisfied  customers  on the various platforms that pertain to the nature of the services that are offered.  There are some customers who are not very happy with the fee structure,  but there is no doubt that this platform is offering reliable services. 

==>See my number one recomendeded crypto exchange platform<==

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Pros and cons 

Pros

• It is easy to use and has an intuitive user interface
• Very impressive reputation on online consumer trust sites.
• It is regulated 

Cons

• The fees are relatively high 
• There are georestrictions 

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Final Words and Verdict

Verdict: Legit ( A good option who do not mind a limited collection of cryptocurrencies)

Overall Rating: (4.5 / 5)

Paybis is an impressive platform that I think is one that I would not mind recommending to those who just want to purchase cryptos with the intention of transferring them to their external wallets. If you, however, want to sign up for a platform that offers you all features that you need, including a safe wallet, then you cam have a look at look at my number one recommended alternative to Paybis.

Recommended Alternative to Paybis- A Comprehensive Review

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Thank you for sticking through till the end of my review about whether Paybis is legit. I hope you enjoyed it and that you are now well aware of the benefits that you stand to gain by signing up for your account, or even using the recommended alternative ( depending on your needs).

Your Friend,

Eric, Investor and blogger at Start Make Stop Waste!

What is Bibox Exchange? How reliable and effective is it? Does it have anything unique about it? This is exactly what we shall be covering in today’s review, so sit in tight as we unearth these and more elements about this platform. Here is the outline that the review will take:

• What is Bibox Exchange?
• What can you expect from the exchange platform?
• The exchange markets on Bibox
• The fees you can expect to be charged on this platform
•  Is this platform secure and fair?
• Is Bibox genuine or is it a scam?
• Pros and Cons

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Name of the platform: Bibox Exchange

Official Website URL: https://www.bibox.com/

Overall Rating: (3 / 5)

Recommended: Not Recommended

==> Try This Alternative ( Check out The Extra Features and Benefits)<==

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What is Bibox Exchange?

Bibox Is a unique digital assets exchange platform that makes use of advanced artificial intelligence algorithms to assist its users to make optimal trades and efficient transactions.  the platform was founded back in 2017, by a team of Chinese crypto experts who are also well-versed with blockchain technology. The Bibox team includes:

•  The co-founder of OKCoin
•  Founding members of Huobi

If you know much about crypto exchange platforms, then you understand that OKCoin and Huobi are some of the widely known crypto exchange platforms in China as well as the rest of the world.

Bibox has a team that is highly competent to run the platform that serves a global clientele. It is however unregulated, but it is still safe for use.  let us dig deeper into what the platform has to offer.

What to expect on the exchange platform?

Bibox presents its customers with a reliable web-based trading platform that can be accessed right from the official website. This platform is beautifully designed to ensure that customers can use it easily and understand all the features without requiring any technical training. As a trader you can review the basic platform or you can choose to move to the full screen mode.  with the full screen mode, you can access the analysis tools.  I therefore think that this mode is best suited for the experienced Traders.

That said however, both the versions have the same features, only that the layout is different.  Traders with different levels of expertise can access the sophisticated charts on which there are technical indicators as well as charting tools that come in handy during the analysis of the prices of the cryptocurrencies.  Traders also have the liberty to place multiple orders including:

• Market orders
• Limit orders
•  Stop-losses

The one thing that sets apart this platform from its competitors, is that it has Incorporated artificial intelligence modules along with other smart tools that make it possible for trade deals to be executed without there being any need for human interaction. There is however, not enough information on how their enhanced artificial intelligence modules work.

Another exceptional thing about Bibox is that they have implemented distributed cluster architecture that enhances the stability of the entire exchange platform. Not forgetting that this exchange platform is fully compatible with a wide range of mobile devices, through which the downloadable application can be accessed.

The exchange markets on Bibox

Bibox exists as a crypto exchange platform, that only allows for crypto tokens to be traded.  as of now the platform does not support Fiat currencies. This means that traders have to purchase cryptocurrencies from other platforms before using them on this platform. That said, customers can trade in the following markets:

• BTC
• ETH
• USDT
• DAI.

The DAI cryptocurrency is decentralized just like USDT. Its value is pegged to USD, and they’re cryptos that can be exchanged under this market our only bitcoin and Ethereum.

The Tether Market allows you to exchange the following coins:

• Bitcoin
• Ethereum
• Litecoin
• Quantum
• Bibox Token
• Neo
• Eos

Bitcoin and Ethereum markets happen to be quite large, in the way they allow for customers to trade in a much larger number of tokens. Bibox has a collection of more than 50 tokens that you can trade against BTC and ETH.

The fees you can expect to be charged on this platform

Bibox Has its own token known as the Bibox Token. Those who use this token usually gets discounts during various transactions.  I think this is Bibox’s way of trying to incentivize Traders to   hold the Bibox Token.

The traders who have not purchased this token usually pay are 0.1% trading fee on all the trades they partake in. This platform does not charge any type of fees for depositing in cryptocurrencies, but one will get charged when they will draw cryptos from the exchange platform. The withdraw charges are 1% of the amount withdrawn, with the minimum amount being $15. The platform’s owners have not stated clearly how much discount you are bound to receive when you pay the face using the Bibox token.

 Is this platform secure and fair?

Bibox Has Sophie tried to implement some of the latest in the most advanced security protocols in a bid to protect their customers’ information and money. Some of the outstanding security protocols used by Bibox include:

• SSL encryption technology
• Two-factor authentication through email
• Two-factor authentication through SMS
• The Google two-factor Authenticator

This platform also claims to store a majority of its customers’ funds in cold storage wallets. This means that even if the exchange is hacked, then the customers’ funds are safe.

 How is support offered on this platform?

Bibox offers support through email in what is known as a support ticket system.  the owners of the platform claim that the support is exceptionally good and that’s the other representatives waiting on the other end to respond to your issues in a very professional manner. If you do not want to reach out to the support staff, you can visit the FAQ section  to view the answers to some of the questions that you may have,  though this section is somehow Limited.  Not forgetting that the platform has social media accounts that have a healthy presence.

Is Bibox genuine or is it a Scam?

In my own opinion this platform is genuine.  It is one that exists in the one that is serving customers by providing the services advertised on the official website.

I however took the time to dig into what the customers are saying about the nature of its services.  Only 19% of its customers think that these platforms services are excellent.  The largest percentage actually thinks that the services are bad.  with a rating of (3/ 5 stars) on Trustpilot, the platform has more of an average platform. The other reviews on consumer Trust sites also paint the picture of an average crypto exchange. It is good to not however that Bibox has not been hacked so far, and is therefore one that is doing great in terms of security.  If you are however looking for a platform that is performing well on an all-around basis, then you can try out my number one recommended alternative to Bibox.

==> Recommended Alternative To Bibox Exchange<==

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Pros and Cons

Pros

• The platform is easy to navigate
• Very low trading fees
• AI modules
• Large collection of crypto assets

Cons

•  This platform is not regulated
•  Does not support Fiat currencies

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Final Words and Verdict

Verdict: Legit (But Not Recommended)

Overall Rating: (3 / 5)

Bibox Exchange is an average platform that has been around for a couple of years now. Its founders have played a crucial role in the crypto industry by creating other well-known exchanges. Bibox is quite secure, and were it not for the low customer ratings, i’d have recommended it right away. You can, however, look at what my recommended alternative has to offer, then you can be the judge of the platform that will help you meet your needs the best.

Number One Recommded Alternative To Bibox Exchange 

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That will be all for today’s review on what Bibox Exchange is about. If you have any questions, you can drop them in the comments’ section. I will get back to you with a reply as soon as I can.

Your Friend,

Eric, Investor and Blogger at Start Make Stop Waste!

Is CoinSquare Legit? Should you trust it enough to rely on it for your moneymaking objectives? Is there any better alternative to it in the market? Welcome to today’s review where we shall be having a look at what this platform has to offer, and whether it is one that other customers are already loving. Below are the major highlights of the review:

• What is CoinSquare?
• How does CoinSquare work?
• Is there anything that makes CoinSquare different?
• Day Trading on CoinSquare
• The fees charged on this platform
• Can advanced traders really rely on this platform?
• Is CoinSqauare Genuine or Is It a Scam?
• Pros and Cons

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Name of the platform: CoinSquare

Official Website URL: https://coinsquare.com/

Overall Rating: (2.3 / 5)

Recommended: Not Recommended 

==> Here is an Alternative that you can, however, rely on ( highly efficient platform for which you will not have to worry about the unexplained disappearance of  your digital assets)<==

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Is CoinSquare Legit? (What is it about?)

CoinSquare is an intelligent day trading platform that was  blaunched back in 2014. The platform has gradually grown into a reputable one, more so in Canada and Europe. As of now, the platform boasts of a customer base of more than 100,000 users, with its owners claiming that these numbers are growing by the day.

The platform is also perceived as a fiat gateway platform that is out to make it easy for the customers to purchase or trade in cryptos. Most of the features that it has are designed with all types of traders in mind. Whether you are getting started with day trading or you are a high-rolling professional trader, you can give this platform a try.

When it comes to the new customers, CoinSquare presents a platform that is easy to access, and one that is packed with features that make it easy for them to trade intelligently. Everything on the dashboard is explained in simple terms, hence newbies do not need to put in a huge amount of time to learn the platform’s ins and outs.

How does CoinSquare work?

You can get your CoinSquare account up and running by following three simple steps as outlined below:

1. Sign up

You will be requested to submit some basic information (including your functional email address) to CoinSquare, in a bid to set up your trading profile.

2. Verification

The next step is to provide CoinSquare with the verification details they are requesting from you so that you can begin trading.

3. Adding the funds

Finally, you can choose from the funding options presented to you by CoinSquare to fund your account. The options availed include dollars, euros, as well as digital currencies.

Is there anything that makes CoinSquare different?

CoinSquare’s range of cryptos is at the moment quite limited, in comparison to the other well-established platforms. You can access the main coins, including: Ethereum, Litecoin, Dash, Bitcoin Cash and Dogecoin. The good thing is that they keep on adding coins from time to time, so you can pop into your account from time to time to see if they have the cryptos you are interested in.

CoinSquare happens to be one of the secure platforms of its kind that have not been hacked successfully, so the level of security on this platform is impressive. Traders can worry about the other aspects and not the security aspect.

Day Trading on CoinSquare

CoinSquare supports day trading from any type of device. You can use the CoinSquare app to follow the prices just by the touch of a button. Those whose main objective is to earn money on a daily basis can benefit from this capability since they can make a leap into certain markets at the perfect time.

The fees charged on this platform

There are platforms that are not very transparent with their fees but not CoinSquare. The trading fees are quite straightforward and to some extent quite competitive. The platform also offers order types such as “quicktrade”, which lets one purchase cryptos very quickly, just by using a simple buy order that is on the main dashboard. The currency one purchases is usually added to the personal wallet at a flat fee.

CoinSquare offers many options for customers to deposit and withdraw funds, Canadian customers can use the CAD funding options, and this makes it simpler for them to managed the funds in their account. Whereas this platform’s fees are mostly straightforward, there are costs that you can incur that it does not have control over, such as the fees charged for using your credit card to load your CoinSquare account. With credit cards, for instance, you are usually charged about 10% of the amount you are transacting, which is a fee that’s significantly higher than what you can incur by using other methods on other platforms.

Can advanced traders really rely on this platform?

As already highlighted, this platform is not just for the beginners and day traders. It has also put in a lot of work to ensure that the high net worth traders are also earning an income. Those who are out to start mining venture firms or capital markets’ divisions are invited to try out CoinSquare.

Thing is, the advanced traders can access custom tools on the Advanced Trade Tab. Tools such as Tradingview charting can easily run a wide range of technical analyses tasks, to give the advanced traders in-depth information for them to complete their order books with a better picture of the market.

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Is CoinSqauare Genuine or Is It a Scam?

So far, I think I can only say that this platform is genuine. It has been around for several years now and has been serving a fairly large number of customers so far. No cases of hacking have been reported so far, so the security measures have been taken quite seriously.

What about the customers? What do they think about this platform? The customer service is unfortunately not that impressive. On a customer trust site like Trustpilot, for instance, this platform has a rating of (2.3/5) stars, which is considered as poor. The major concern that has been raised by the customers is that the crypto balance keeps on decreasing. Whereas the platform has not been hacked so far, this loss of cryptos to CoinSquare is definitely worrying, to the extent that I would not be very vocal about leading anyone to use this platform.

There are other safer alternatives that you can rely on and not have to worry about the loss of your hard-earned money, including the one I have recommended below:

###My Number One Recommended Alternative To CoinSquare###

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Pros and cons

Pros

• Features that favor both the beginners and advanced traders
• Has not been hacked so far

Cons

• Poor customer ratings
  

  

• Unexplained loss of cryptos
• Generally not one that can be recommended as a reliable platform

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Final Words and Verdict

Verdict: Legit ( But Not Recommended)

Overall Rating: (2.3 / 5)

CoinSquare is a legit platform that has been around for quite a number of years now, but it is unfortunately one that I would not highly recommend owing to the poor ratings and the negative consumer feedback. Until the platform fixes the nature of its services, however, you can rely on more reliable alternatives.

==>Read the full review of my recommended alternative to CoinSquare<==

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That’s all for today on my review about whether CoinSquare is legit. I hope you gained value from it and that you know what direction to take with regards to buying, selling and storing your cryptos. If you have any questions, do not hesitate to drop them in the comments section.

Your Friend,

Eric. Bitcoin investor and blogger at StartMakeStopWaste.

Is Coinjar legit? Is it one that is recommendable or is it one that people should seek to keep away from? This is exactly what we shall be trying to figure out in today’s review about this platform. Below are the elements that will form the general structure of the review:

• Is Coinjar Legit (What is it about?)
• How does it work?
• The cryptocurrencies that are supported on this platform
• Which countries does this platform support?
• The fees you can expect to be charged on Coinjar
• Is Coinjar genuine or is it a scam?
• Pros and Cons

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Name of the platform: Coinjar

Official Website URL: https://www.coinjar.com/

Overall Rating: (3.9 / 5)

Recommended: Yes ( Mostly for Australian customers)

==>  Here is a recommended alternative to Coinjar that you can try out if you live in other parts of the world ( More Features + Benefits To Help You Own and Spend Your Cryptos Like a Boss!<==

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Is Coinjar Legit? (What is it about?)

Coinjar exists as an online digital exchange that can be used by customers who want to purchase, sell, store, and spend their digital assets. The platform has made quite a substantial collection of digital currencies accessible to more than 400,000 users who are distributed around the globe.

This platform is quite popular in Australia, where the local users have access to a platform that lets them deposit and withdraw funds using their bank accounts. Customers based outside of Australia can only use this platform if they intend to deposit funds into their accounts in cryptos.

The Coinjar is keen on expanding its entire service offering to other nations, just as it has been keen to update the cryptos it offers to its customers. In addition to the traditional currency exchange services that Coinjar offers, you can also access the cryptocurrency index fund that lets you speculate the trajectory of selected coins in a single investment.

How does Coinjar work?

Coinjar works in a manner that is quite similar to what other crypto exchanges offer. If you live in Australia, you can simply fund the crypto account using your own bank account. You can, however, simply choose to make the deposits using cryptos. Upon funding your account fully, you can proceed to purchase or sell the cryptos.

It is good for you to know that the owners of this platform make their money by charging you transaction fees when you trade in cryptos.

Just like is with the case with most other crypto exchanges, once you have purchased your desired cryptos, you can store them in your Coinjar wallet, or send them to your already existing private wallet.

If you are a trader who is out to make an income by trading in cryptos, then you can do well with the crypto-to-crypto pairs offered on the platform. There are technical charts that are available to make this possible. Most traders find the charts quite useful in the simplification of the decision-making process.

When you trade cryptos on this platform, you only have the option to go long. You cannot therefore speculate on the value of the market going down. If this is a trading strategy that you want to use, then a platform like Coinbase will work for you.

The cryptocurrencies that are supported on this platform

Currently, this platform does not support very many cryptos, in comparison to the well-established platforms in the industry. You can however make your trades with the following coins:

• Bitcoin
• Ethereum
• Ripple
• Litecoin
• Stellar
• USD Coin
• Basic Attention Token
• Ox Token
• Maker Dai

Most of the crypto exchanges in the present day world have the habit of updating their coin offerings from time to time, so you can keep on checking with Coinjar to see if they have the coin that you are interested in.

Which countries does this platform support?

Since Coinjar is Australian-based, it mainly focuses on Australian customers. You can tell this in the way it only allows Australian residents to deposit using fiat currencies, and not the other global customers.

For those who have no problem with depositing funds into their Coinjar accounts using cryptos, then they can comfortably access the platform from all corners of the world. Coinjar does not prohibit any nation, so if you cannot access it, it could only be as a result of the laws in your country that prohibit crypto exchanges.

The fees you can expect to be charged on Coinjar

Most of the platforms of this kind mainly deliver their services for a fee. You will therefore need to get ready to pay some deposit, withdrawal, and trading fees. Here is a breakdown of those fees.

Deposit fees

• Cryptocurrency deposits- Free
• BPAY ( available for Australian residents only) – Free
• Blueshyft cash deposit ( Available for Australian residents only ) – 1.5%

Withdrawal fees

• Debit and credit card withdrawals – N/A
• Australian bank accounts – 1%
• BPAY Biller – 0.5%
• Swipe – Free
• External crypto address: network fees

 Trading fees

This platform is quite straightforward when it comes to trading. Simply put, whenever you purchase or sell cryptos, they charge you a 1% per trade. You may find this quite expensive if you’ve used another platform that maybe charges a 0.5% trading fee, or even less.

Such a fee is not one that most day traders would find quite appealing, more so when small investments are involved. This is the reason other platforms offer relatively lower fees by spreading the fees as the trade volume increases.

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Is Coinjar genuine or is it a Scam?

In my opinion, Coinjar is not a scam. There is more than enough evidence from the existing customers who have given their reviews, that Coinjar is actually a reliable platform. With a rating of about (3.9/ 5) stars on Trustpilot, it is fair to say that this platform is definitely delivering good services. It may not have the very best ratings in the industry, but it is way above some platforms that come up as being very unreliable. One can easily tell that customer support take their time to interact with the customers to make sure that they know what they are getting themselves into, which is quite impressive. Without good customer service, you can always look forward to trying out the services that a platform has to offer.

This platform, however, falls short in the way it seems like it is primarily out to make things easy for those living in Australia. While this is a sound business strategy, it could potentially lock out those who would be out to access all the services it is offering. If you, therefore, want to access a platform that does not limit what you can access based on region, then you can have a look at what my number one recommended alternative to Coinjar has to offer.

==>Get More Crypto Exchange deposit, withdrawal, and Trading Options with this Alternative to Coinjar<==

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Pros and cons

Pros

• It is user friendly
• Great customer service

Cons

• The cryptos offered are not as many as those offered by the well-developed platforms.
• Trading fees are quite high
• Looks like it is mostly good for Australian customers.

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Final Words And Verdict

Verdict: Legit

Overall Rating: (3.9 / 5)

Coinjar is a pretty decent platform that offers reliable services to its customers, moreso those based in Australia. It is still trying to expand its global footprint and to increase its coin offerings, but it still has a long way to go before it measures up to the standards of other platforms that are well-established. If you are currently residing in Australia, then this is a platform that can meet all your needs. If you are, however, living in other corners of the world, then you can try out my recommended alternative to Coinjar.

Recommended Alternative To Coinjar: Read The Full Review To Know What You Stand To Gain

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That will be all for my review about whether Coinjar is Legit. I hope that you enjoyed it and that you will now make a decision about whether to use it or not, based on the direct benefits that you stand to gain.

Your Friend,

Eric, Bitcoin investor, and blogger at StartMakeStopWaste.

What is Elitium? How reliable and effective is it? Is it one that you should switch to right away or not? Welcome to today’s review about Elitium, where we shall find out about this and more. Here is the structure that the review will take:

• What is Elitium
• The services and products that are offered by Elitium
• Are there any smart contracts in this digital ecosystem?
• The Elitium Card: What can you expect from it?
• Is Elitium Legit or is it a Scam?
• Pros and Cons

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Name of the platform: Elitium

Official Website URL: https://www.elitium.io/

Overall Rating: (4 / 5)

Recommended: Might be

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What is Elitium?

Elitium exists as an app-based digital economy ecosystem that was built to enable its customers to acquire the much-needed independence, value, and growth, that is needed when it comes to the use of money in its various forms. This digital ecosystem is powered by crypto that is referred to as EUM.

One of the main reasons why Elitium was built is because its creators were well aware of the fact that we are moving towards a cashless era, in which all payment and money systems will be fully digitalized. Elitium, therefore, exists to offer an ecosystem of digital solutions that it perceives are sufficient to influence the way people interact with money, through ensuring that their transactions are all fast, secure, and low-cost.

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The services and products that are offered by Elitium

We have already seen that Elitium’s objective is to offer independence, value, and growth when it comes to the use of money. Some of the products and services that it is offering in a bid to achieve this include:

Stake

Its users can rely on the staking platform stake EUM and receive rewards simply for being part of the network. Customers can stop staking or even stake more, at any time that is convenient for them. No minimum balances and lock-ups will hinder you from staking in your preferred way. There are rewards of up to 6.5% simply for staking any amount of EUM.  You can create an account in 3 simple steps and start staking in just a single click of a button.

The staking program is open to anyone and is one that is easy to use. No technical knowledge or expertise is required to proceed with the staking process. All you have to do is:

• Sign up for the program through the Elitium staking program dashboard
• Begin staking by depositing a EUM deposit.
• Stop staking at any time that you feel like doing so.

Trade

The platform enables you to make an income by exchanging the EUM you own against cryptos such as BTC & ETH. Depending on how skilled you are, you can profit a lot (or even get nothing to show for your effort)

Spend

Elitium claims to support payments in more than 46 million stores on a global scope. You can use the Elitium Card to pay for goods and services so that you can receive cashback rewards for every payment transaction that you make. Using the Elitium card to make payments comes with the following benefits:

• Zero account fees
• Zero transaction fees
• No withdrawal fees

You can use the rewards that you gain from staking EUM tokens to shop in a wide range of stores all over the world.

Invest

Elitium has made it possible for digital investors to earn an income through the Elitium Capital platform.  This is a digital share platform through which you can invest in valuable assets and lucrative deals such as luxury real estate.

Elitium Suite

This is Elitium’s curated marketplace that allows users to look for and book most money-can’t-buy experiences, as well as buy prized goods from all corners of the world. This suite has a collection of several categories in various segments, just to ensure that there is enough variety for the products and services that are of value.

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Are there any smart contracts in this digital ecosystem?

Yes. Elitium works hand in hand with Ethereum in a technology collaboration that is aimed at making the use of smart contracts possible. Those who know about smart contracts know that they offer a couple of benefits, including the ones below:

• They enhance near-instant payments
• They offer higher scalability
• They offer the capability for many transactions to be made within one second.

The fact that Elitium’s smart contracts are presented from Ethereum gives some confidence that they are bound to present smooth operational processes. Elitium claims that with these contracts, they are in a position to keep their efficiency and speed in check at all times when delivering the underlying services.

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The Elitium Card: What can you expect from it?

This card is simply out to make EU spendable in various stores. If you have your EUM or other cryptos, you can make payments without there being the need for them to be converted into conventional currencies. This is not usually the case with most other cards, in the way one has to first convert the cryptos into the conventional currencies, which is a process in which costs are incurred.

Elitium is out to offer a simplified debit card that presents several membership benefits, including:

• The capability to buy items using EUM
• Cashback rewards on every purchase made
• One becoming part of the Elitium community.

The Elitium card can be used in stores that accept VISA, Apple Pay, and Samsung Pay.

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Is Elitium Legit or is it a Scam?

I do not think there’s much that can be used to make a strong stand about Elitium being a very genuine platform or being a scam. I, however, still think it is one that is not very solid, at least not yet. The information available about it is quite vague, and one cannot comprehensively make a strong opinion about it. The platform lacks a lot of social media activity on platforms such as Facebook. This, in my opinion, can be quite unsupportive of the company’s agenda to serve its customers. People definitely recognize the services and products that are valuable, and you can tell this from even the very few customers who are already content with what is being offered. If Elitium was very solid and reliable, the comments and reviews would definitely tell.

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Pros and cons

Pros

• You can create and activate your account easily
• You can earn profits for staking EUM
• Supports the use of smart contracts

Cons

• Does not have solid reviews about its efficiency.
• Does not have a lot of social media activity

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Final Words And Verdict

Verdict: Legit  

Overall Rating: (4 / 5)

Elitium has quite a large collection of services and products, owing to the fact that it is out to present its users with a digital ecosystem in which they can make their transactions with a lot of ease. Generally speaking, the value that Elitium is proposing would have been readily accepted by millions of customers if it was perceived as being very solid. It, however, does not have many customers (though this could change in the future if the owners of the platform get the customers to gain more trust with the products and services offered). I think Elitium still has a long way to go in as far as the expansion of its customer base is concerned.

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That is all for now with regard to what Elitium is about. Is there anything else that you’d like to know about it? You can drop the question in the comment section and I will get back to you ASAP. If you’ve already used Elitium, feel free to share what your experience was like.

Your Friend,

Eric. Bitcoin investor and blogger at StartMakeStopWaste.