Vebitcoin Exchange Comparison Tool
Exchange Comparison Parameters
Select your preferences to see how Vebitcoin compares to leading exchanges:
Quick Summary
- Founded in 2017 in Turkey, Vebitcoin has a perfect 5.0 user rating based on three Cryptogeek reviews.
- No mobile app - trading is web‑only and available in English, Russian and Turkish.
- Transparency is limited: fee schedule, supported coins and security details are not publicly disclosed.
- Competes favorably against VALR and FTX in TrustScore but trails major global players on liquidity and features.
- Best suited for users focused on the Turkish or Eastern‑European market who value a simple web interface.
What Is Vebitcoin?
When evaluating a Vebitcoin is a cryptocurrency exchange launched in 2017 and headquartered in Turkey, the first question is whether it fulfills the basics: a place to deposit, trade and withdraw digital assets. Vebitcoin positions itself as a regional platform serving Turkish, Russian‑speaking and English‑speaking traders. Its web‑only design means you access the marketplace through a browser rather than a dedicated mobile app.
User Rating & TrustScore
Cryptogeek’s TrustScore aggregates fee clarity, feature set, safety protocols and social media presence into a single number. Vebitcoin currently enjoys a flawless 5.0 score, but that figure derives from only three user reviews. For comparison, VALR Exchange sits at 3.5 and FTX Exchange at 3.0 in the same ranking. While the rating suggests strong satisfaction, the tiny sample size makes it hard to gauge consistency across a broader user base.
Platform Features at a Glance
- Web‑only interface: Accessible from any desktop or laptop browser; no iOS/Android app.
- Multilingual support - English, Russian, Turkish.
- Basic spot‑trading engine (no futures, options, or margin trading information available).
- Limited public documentation - fee schedule, KYC process and supported coins are not openly published.
Because the exchange does not advertise advanced tools, the user experience is likely simple, but that also means power traders may feel constrained.
Pros & Cons
Pros
- Perfect TrustScore rating (albeit from a small pool).
- Focused language support for Turkish and Russian markets.
- Eight years of operation indicates some regulatory resilience in Turkey.
- Simple web UI can be easier for beginners who dislike cluttered mobile apps.
Cons
- No mobile application - inconvenient for on‑the‑go traders.
- Opacity around fees, trading pairs, liquidity and security mechanisms.
- Small user community; limited peer reviews or community forums.
- Absence of advanced features (margin, futures, staking) that rivals like Binance or Coinbase provide.
How Does Vebitcoin Stack Up Against Major Exchanges?
| Feature | Vebitcoin | Binance | Coinbase | Kraken | KuCoin |
|---|---|---|---|---|---|
| Founded | 2017 (Turkey) | 2017 (Malta) | 2012 (USA) | 2011 (USA) | 2017 (Seychelles) |
| Mobile App | No | Yes (iOS/Android) | Yes (iOS/Android) | Yes (iOS/Android) | Yes (iOS/Android) |
| Supported Cryptocurrencies | Undisclosed (likely limited) | 500+ | 235 | 350+ | 400+ |
| Trading Pairs | Not public | 10,000+ | 1,200+ | 5,000+ | 3,000+ |
| Fees (maker/taker) | Undisclosed | 0‑0.1% (maker) / 0‑0.1% (taker) | 0‑3.99% (varies by product) | 0‑0.26% (maker) / 0‑0.26% (taker) | 0‑0.1% (maker) / 0‑0.1% (taker) |
| KYC / Verification | Basic KYC (details unknown) | Standard KYC + advanced tiers | Standard KYC, premium verification | Tiered KYC | Standard KYC, optional advanced |
| Security Claims | Not publicly audited | Cold storage, SAFU fund | Insurance on custodial assets | Cold storage, 2FA, regular audits | Cold storage, insurance for certain assets |
| Regulatory Jurisdiction | Turkey (specific licence unknown) | Malta / Global | USA (NYDFS, FCA) | USA, EU | Seychelles (self‑regulated) |
Security & Transparency - What We Know
Unlike giants that publish regular transparency reports, Vebitcoin does not make its security architecture public. No third‑party audit certificates, no insurance statements, and no detailed cold‑storage breakdown appear on its site. The lack of such data makes it harder for risk‑averse traders to assess the safety of their funds.
For users who prioritize security, looking for features like multi‑signature wallets, hardware‑wallet withdrawals, and a clear audit trail is essential. Without this information, you may need to contact support directly and request specifics before committing large sums.
Regulatory Landscape in Turkey
Turkey’s stance on crypto has shifted dramatically. In 2021 the central bank banned the use of cryptocurrencies for payment, but exchanges that only facilitate trading (not payments) have been allowed to continue operating under certain licensing regimes. Vebitcoin’s eight‑year lifespan suggests it complies with the current regulatory framework, though the exact licence number or supervisory authority is not publicly listed.
Potential investors should keep an eye on future Turkish policy changes, as stricter rules could impact withdrawal limits or KYC requirements.
Who Should Consider Vebitcoin?
- Region‑focused traders: Users in Turkey, Russia or neighboring countries who want a locally‑oriented platform.
- Beginners who prefer simplicity: Those who don’t need mobile trading or a massive list of altcoins.
- Cost‑sensitive users: If the undisclosed fee schedule turns out to be lower than mainstream exchanges, it could be a hidden advantage.
Conversely, professional day‑traders, high‑volume investors, and anyone needing extensive security documentation should likely look to larger exchanges.
Final Verdict on Vebitcoin
Vebitcoin delivers a clean, web‑based trading experience that has earned a perfect 5.0 rating from a very small pool of reviewers. Its strengths lie in regional focus, straightforward UI and eight years of operational history in a challenging regulatory environment. However, the platform’s opacity around fees, asset coverage and security protocols, combined with the absence of a mobile app, make it a niche choice rather than a universal solution.
If you’re a Turkish‑based trader comfortable with basic spot trading and you’re willing to do extra due‑diligence on fee structures, Vebitcoin could fit your needs. For most global users seeking deep liquidity, a broad asset catalog, and transparent security practices, established exchanges like Binance, Coinbase or Kraken remain the safer bets.
Frequently Asked Questions
Is Vebitcoin safe to use?
Safety cannot be confirmed without public audit reports or detailed security policies. Users should request security documentation from support and consider only modest deposits until trust is established.
What fees does Vebitcoin charge?
The exchange does not publish a fee schedule on its website. Potential users need to contact the platform directly or consult the account dashboard after registration for maker/taker rates.
Does Vebitcoin support fiat deposits?
Public information about fiat on‑ramps or off‑ramps is missing. Most regional Turkish exchanges allow TRY deposits via local banks, but you must verify directly with Vebitcoin.
Can I trade on Vebitcoin using a mobile device?
No dedicated mobile app exists. You can access the web portal from a phone’s browser, but the experience is not optimized for small screens.
How does Vebitcoin compare to Binance?
Binance offers a massive selection of over 500 coins, advanced futures and margin products, a fully featured mobile app, and transparent fee tables. Vebitcoin is far more limited in asset variety, lacks mobile support, and does not disclose fees, making Binance the better choice for most active traders.
Write a comment