itBit
Cryptocurrency exchanges
Blockchain software
Cryptocurrency software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
Take the quiz to check if itBit and its alternatives fit your requirements.
Pay-as-you-go
Free Trial unavailableFree version unavailable
Small
Medium
Large
- Energy and utilities
- Professional services (engineering, legal, consulting, etc.)
- Transportation and logistics
What is itBit
itBit is a cryptocurrency exchange brand that historically provided spot trading and custody services for digital assets, with a focus on regulated market access. The exchange is associated with Paxos, which acquired itBit and used its regulatory licenses and infrastructure for institutional-oriented crypto services. Typical use cases include buying and selling major cryptocurrencies and accessing custody/settlement services through a regulated entity; current availability and product scope depend on Paxos’s active offerings in each jurisdiction.
Regulated exchange heritage
itBit is known for operating under a regulated framework in the U.S., including New York State oversight historically associated with its exchange and trust structure. This can matter for institutions that require defined compliance controls and audited processes. In a market where many platforms prioritize broad asset coverage, a regulated posture can be a practical differentiator for risk and governance requirements.
Institutional-grade custody linkage
The itBit brand is tied to custody and settlement capabilities that align with institutional workflows. This includes support for controlled asset storage and operational processes that fit compliance-driven organizations. Compared with retail-first platforms, the emphasis is more on regulated infrastructure than consumer trading features.
Backed by established operator
itBit is owned by Paxos, a digital asset infrastructure company that operates regulated crypto and tokenization services. Ownership by a larger operator can provide continuity in compliance programs, security operations, and enterprise contracting. It also positions itBit within a broader set of services beyond a standalone exchange interface.
Unclear current product availability
The itBit exchange brand has had periods of limited visibility and changing scope as Paxos’s product lineup evolves. Prospective customers may find that features, supported regions, or onboarding paths differ from what older documentation suggests. This can add evaluation effort compared with consistently consumer-facing exchanges.
Narrower asset and feature set
Regulated exchanges often list fewer assets and offer fewer high-risk products than platforms optimized for broad retail trading. Users seeking extensive token coverage, derivatives, or advanced trading features may find gaps depending on jurisdiction and current offering. This can be a constraint for active traders or teams needing wide market access.
Institutional orientation may limit fit
If access is primarily designed for institutions, smaller users may encounter higher onboarding requirements, stricter compliance checks, or fewer consumer-oriented tools. This can increase time-to-start for individuals and small businesses. Organizations should validate account eligibility, supported countries, and API/product access before committing.
Plan & Pricing
| Tier | 30-day minimum volume (USD) | BTC <> USD & ETH <> USD (Maker / Taker) | Other asset pairs (Maker / Taker) | Notes |
|---|---|---|---|---|
| Tier 1 | $0 | 0.400% / 0.500% | 0.250% / 0.350% | Base tier |
| Tier 2 | $25,000 | 0.200% / 0.350% | 0.200% / 0.350% | |
| Tier 3 | $100,000 | 0.175% / 0.250% | 0.175% / 0.250% | |
| Tier 4 | $250,000 | 0.150% / 0.200% | 0.150% / 0.200% | |
| Tier 5 | $600,000 | 0.125% / 0.175% | 0.125% / 0.175% | |
| Tier 6 | $1,000,000 | 0.075% / 0.175% | 0.075% / 0.175% | |
| Tier 7 | $3,000,000 | 0.050% / 0.175% | 0.000% / 0.150% | Other pairs: maker = 0% at this tier |
| Tier 8 | $15,000,000 | 0.030% / 0.150% | -0.030% / 0.100% | Other pairs: maker rebate (-0.03%) available |
| Tier 9 | $60,000,000 | 0.000% / 0.100% | -0.030% / 0.060% | Highest volume tier; maker rebate for other pairs |
Additional official fees (from Paxos itBit help center):
- USD wire withdrawals: $25 (U.S.) / $35 (International). ACH is not supported; SEN/CUBIX withdrawals/deposits: none. (See official Deposit & Withdrawal Fees page.)
- Inactivity fee: $2.00 per month if account has a non-zero balance and no trading activity for 12 months (per Paxos itBit Terms & Conditions).
Notes: Rates and ancillary fees are sourced from Paxos / itBit official documentation (itBit trading fee structure image and Paxos help articles). All volumes and tiers are USD-based per the official fee table.
Seller details
Paxos Trust Company
New York, New York, United States
2012
Private
https://www.paxos.com/
https://x.com/paxos
https://www.linkedin.com/company/paxos
