General Information
Bit of Heaven is a cryptocurrency exchange owned and operated by Loyalfinance OU, a company incorporated in Estonia. The exchange is registered with the Financial Intelligence Unit (FIU) and provide services of exchanging cryptocurrencies against fiat.
Having passed the registration process by FIU which proves that this is a reliable crypto exchange brand we are dealing with, one that can certificates that is working on behalf of its customers and committed to providing the best services.
In terms of geographical restrictions, Bit of Heaven does not accept customers from the United States and all OFAC sanctioned countries like Cuba, Iran, Iraq, North Korea, Liberia, the Democratic Republic of Congo, and others.
Due to its location from Estonia, the exchange operates mainly from European-based customers but accepts individuals from other continents, as well, as long as they’re not residents in a restricted country.
Bit of Heaven Platform
Since its main goal is to open up the cryptocurrency exchange market for a broad audience, bitofheaven.io had designed a very simple and easy-to-use platform, so people with little experience with crypto can exchange their fiat quick. The exchange process is done by logging into the account via the official platform.
Unlike the other platforms we’ve reviewed, this one is very basic and includes the cryptocurrencies supported (BTC and ETH), followed by a section where the customer includes the amount he/she wants to exchange, and the crypto wallet address to which the exchanged amount will be sent to.
The Bit of Heaven platform does not support charts for either of the cryptocurrencies supported. All customers can do is take care of the exchange process and for charting, they can use a free service online.
The exchange only aims to facilitate the exchanging of Bitcoin and Ether via a simple user interface. For someone who’s not looking for very sophisticated software, this is a very convenient solution.
Cryptocurrency Exchange
As a leading cryptocurrency exchange platform, Bit of Heaven provides customers with the best rates for Bitcoin and Ethereum. At present, users can deposit USD, EUR, and GBP, via credit/debit card or wire transfer and use it to exchange it into crypto. All they have to do is open an account, verify the email, provide personal information and verification documents, and then they’re free to exchange BTC or ETH. We ALSO recommend to use and assist the onsite chat that the exchange provides.
As seen previously, there is a very simple user interface and all that needs to be done is to enter the exchange amount and the wallet address. The exchange services provided by Bit of Heaven are designed to help people buy crypto at the best market rates.
For high volume purchases, the exchange has created an additional OTC desk to close a rate in a short period. It is also working with Bitcoin miners and other popular exchange platforms to provide accurate rates and liquid exchange conditions.
For customers who don’t already have a cryptocurrency wallet, Bit of Heaven will redirect them to blockchain.com, one of the most popular wallet providers, supporting both Bitcoin and Ether, among other tokens. To determine the most accurate buy/sell orders, the exchange uses an average rate of exchanges and miners it’s working with.
According to the information provided by Bit of Heaven, the exchange fee is 5% and not depending on the spread and how volatile the market is at the time the transaction is settled. The bought tokens will get to the user’s wallet within minutes or as long as a couple of hours, depending on several factors like the Bit of Heaven document verification process or outside issues like blockchain delays.
Due to the KYC Policy, all customers must verify their identity. To do so, they need to log into their account and upload a valid government-issued ID with a selfie picture of themselves holding the ID/Passport. Once this is done, they are free to exchange fiat into crypto.
Summary
For people interested to exchange fiat into Bitcoin or Ether, Bit of Heaven is one of the most reliable brands currently operating. As a registered exchange platform, it provides reliable exchange services, so people can trust its ability to meet all obligations. The exchange is designed to anybody can make a deposit via credit/debit card or wire transfer and exchange it into crypto at the best market rates. Bit of Heaven works with multiple liquidity providers to ensure stable pricing and liquid rates at any point.
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Bit of Heaven Review
Product Name: Bit of Heaven
Product Description: Bit of Heaven is a cryptocurrency exchange owned and operated by Loyalfinance OU, a company incorporated in Estonia. The exchange is registered with the Financial Intelligence Unit (FIU) and provide services of exchanging cryptocurrencies against fiat.
Brand: Bit of Heaven
Offer price: $10
Currency: USD / EUR / GBP
Offer URL: https://bitofheaven.io/
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Summary
Bit of Heaven is a cryptocurrency exchange owned and operated by Loyalfinance OU, a company incorporated in Estonia. The exchange is registered with the Financial Intelligence Unit (FIU) and provide services of exchanging cryptocurrencies against fiat.
Pros
- Registered exchange, compliant with crypto exchange requirements.
- Some of the best Bitcoin and Ether market rates.
- Simple and easy-to-use website platform so anybody can exchange fiat into crypto.
Cons
- Bitcoin and Ether are the only cryptocurrencies supported by Bit of Heaven at present.
- No cryptocurrency charts are available in the user account.
- Customers can only buy crypto in exchange for fiat. Selling crypto not yet enabled.
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