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Poste Bitcoin Review - is it scam or safe?

Poste Bitcoin Review - is postebitcoin.com scam or good cryptocurrency exchange?

RATING: 2 / 0 REVIEWS Poste Bitcoin
Poste Bitcoin is not regulated. We cannot guarantee your money is safe.

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Trading accounts and conditions

 

Account type Leverage Fees
Standard 1:1 N/A

 

 

Poste Bitcoin is an Italian cryptocurrency platform, that allows its clients to buy and sell Bitcoin, Bitcoin Cash, Dash, Ether and Litecoin for fiat currencies.

 

Poste Bitcoin advantages

 

- Lots of Coins. Poste Bitcoin has a good selection of the most popular coins for trading, which is quite convenient.

 

- Multiple Payment methods. Poste Bitcoin offers some simple and somewhat unconventional (for crypto exchanges at least) payment methods. In addition to the standard bank transfer (for withdrawals only), the platform accepts payments through deposits at the Italian post offices, the SisalPay electronic payment system and tobacconist shops across the country. As per our estimates, the available payments points are in the tens of thousands across Italy.

 

 

>> See crypto exchanges accepting credit cards <<

 

 

- Good Speed. According to the site, the transaction, with confirmations and all, happens within 60 minutes of receiving the fiat payment. This is relatively speedy, but partially depends on the network load.

 

- Order canceling option. Poste Bitcoin has the option to cancel an order, as long as this is done within the 60-minute window before the order is executed.

 

- Anonymity. The only information the client needs to provide to Poste Bitcoin, is an e-mail address and remain otherwise anonymous.

 

Poste Bitcoin disadvantages

 

- Currently not operational. According to a message on its site, currently Poste Bitcoin is undergoing a system update and is not operational, but will return to normal as soon as possible. It is not clear since when it has been down or why.

 

- No platform. Poste Bitcoin does not have a proper trading platform. Instead, the client has to post an order on the site and then communicate through e-mail with the exchange. This is quite unusual and not very convenient, frankly.

 

- No info on fees. We could not find specific information about the trading fees of Poste Bitcoin, except that they are “very low” and the prices are very favorable.

 

- No leverage. Due to the nature of the service of Poste Bitcoin, there is no option to trade cryptocurrencies on margin on this platform. Those who wish to engage in leveraged trading can either try an exchange that provides this feature, or sign up with a regulated forex broker that has cryptocurrency CFDs in its portfolio.

 

 >> See our list of regulated bitcoin forex brokers <<

 

 

- Working hours. Only works between 10 AM and 8 PM on workdays, which is quite inconvenient for those who wish to buy or sell cryptos in the evening or during the weekend.

 

Conclusion

 

Poste Bitcoin is an Italian exchange that offers a somewhat convoluted method to buy and sell cryptocurrencies that does not involve fully automated trading. On the other hand, the platform provides very convenient payment methods that are easily available throughout Italy – as physical locations and through the electronic payment system SisalPay.

 

What we dislike is that at the time of writing this review, Poste Bitcoin was undergoing a system update and we could not take a proper look at the trading process and the eventual platform. We could not find information about the trading fees either.

 

 

 

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Traders` reviews for Poste Bitcoin

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