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itBit
itBit
Why Trade on itBit Digital Asset Exchange?
Advanced Supervision
itBit Digital Asset Exchange is a safe, secure and fair trading venue with oversight from the New York Department of Financial Services (“DFS”), best in class blockchain monitoring software and systems designed to prevent market manipulation.
Deep Liquidity
Access itBit’s global network of clients across over 100 countries for some of the deepest fiat-to-crypto liquidity pools for USD:BTC, USD:ETH and more.
Institutional Grade
Multiple layers of platform security coupled with 100% crypto asset cold storage ensure that our exchange and your assets are always safe.
Maker Rebates & Low Fees
Maker rebates available for all liquidity providers. Flat rate fees per transaction. No crypto withdrawal fees.
OTC Desk
For crypto trades over $100k USD, our agency-only desk offers a deep order book, support and competitive pricing for BTC, ETH, BCH, LTC, XLM, PAX, USDT and more.
API Services
FIX, REST and Market Data API connections that meet the sophisticated needs of institutions and high-volume traders.
For Institutions
Personalized white glove service for institutions, investors and active crypto asset traders.
itBit Exchange Fees and Rebates
Paxos is proud to offer the only crypto-to-fiat exchange with maker rebates across all trades. Additionally, our simple fee structure has among the lowest rates.
Our maker-taker fee model ensures that we are operating with a deep liquidity pool which allows for better price discovery and a favorable trading environment for all customers. All maker orders (resting orders that add liquidity to the exchange) are eligible for rebates, and taker orders are charged fees according to the following tiered approach, based on 30-day rolling volumes (USD):
| USD | EUR | SGD | Taker Fees(in Basis Points) | Maker Rebates(in Basis Points) |
|---|---|---|---|---|
| 0-600K | 0-550K | 0-900K | 35.00 | (3.00) |
| 600K-3M | 550K-2.5M | 900K-4.5M | 25.00 | (3.00) |
| 3M-15M | 2.5M-14M | 4.5M-22.5M | 17.50 | (3.00) |
| 15M-60M | 14M-55M | 22.5M-90M | 10.00 | (3.00) |
| 60M+ | 55M+ | 90M+ | 6.00 | (3.00) |
MAKERS EARN REBATES
Traders placing Maker orders (resting orders that add liquidity to the exchange) earn 3 bps on all executed trades. Rebates are credited to customers’ fiat accounts in cash.
COMPETITIVE TAKER FEES
Taker orders are among the lowest in the industry. All traders can benefit from lower fees at higher trading volumes.
RATE TRANSPARENCY
Taker orders are among the lowest in the industry. All traders can benefit from lower fees at higher trading volumes.
Frequently Asked Questions
itBit and Paxos are the same. The original name of the company was itBit, when we were founded in 2013. We rebranded the company as Paxos in 2016. The itBit exchange which exists today is 100% owned and operated by Paxos.
For more information on the itBit exchange and trading services, please visit www.itbit.com.
Right now, you need to use separate logins to buy/convert/redeem PAX at http://standard.paxos.com and to trade on www.itbit.com.
Paxos.com is our company website. itBit.com is an exchange owned by Paxos.
Here’s how to get started with itBit:
- Sign up for an account here
- Submit the required documents*:
- Once verified, fund your account using your preferred method (Fiat or Bitcoin)
- Begin trading!