247exchange is an international Bitcoin exchange which was founded in 2014 and it is registered and regulated in Belize. The company run by InterMoney exchange which is a group of companies registered in US state of Delaware. 247exchange offer multiple payment options including credit/debit card payment and Bank transfer. In this post, we will share the detailed review of 247exchange to give you better insight.

Does 247 exchange offer its services in your country?

247exchange operates in more than 110 countries however there is no list available on their website. 247exchange doesn’t operate in the US and they are waiting to get proper license to operate in the US. If you are US resident then you can register yourself here and get 50% at your first order when 247exchange will start its operations in the US.

Privacy

247exchange need no verification up to 300$ worth of Bitcoin, however, you will have to submit a scan of ID card or driver’s license or passport. For residential address verification, you will have to upload your utility bill or bank statement.

Limit & Liquidity

Cash limits on 247exchange are users specific and following criteria is mentioned on their website.

	First transaction	+15 days*	+15 days*	+30 days*	+30 days*	+30 days*	+30 days*
Daily Limit	$100	$150	$250	$350	$500	$1000	$3000
Monthly limit	$100	$300	$500	$1000	$2000	$10,000	$30,000

*calculated from the time you reach each preceding limit level.

These values are subjected to change from the company so make sure to check the updated values from the company’s website.

Transactions

Transactions speed totally depend on the medium of payment you choose. If you are choosing debit/credit card as payment option then transactions will be completed in hours. Local bank transfers are also instant but international wire transfer take up to 1-4 days. SEPA transfers take up to 1-3 days to arrive.

How to create 247exchange Account and Buy Bitcoins?

You can create 247exchange account by following these simple steps

• Enter your email address
• Enter First and last name
• Check “I accept the services rules and policies”
• Click “Register”
• You will get an email where you will get the password.
• Enter the password received in the password field and enter the new unique password.
• You will land on the homepage.
• Verify your identity by uploading a scan of your ID or passport or Driver’s license.
• Verify your residential address by uploading a scan of your utility bill or bank statement.
• Select the payment option and transfer the funds.
• Select the number of Bitcoin you want to buy and give your wallet address.
• Bitcoins will be transferred to your wallet within 24 hours.

How secure is 247exchange?

247exchange is a secure Bitcoin exchange and strict PCI compliant. 247exchange is also verified by both VISA and MasterCard. The company also doesn’t keep any of the users’ funds online and all funds are stored in cold offline storage.

Transfer Fee

247exchange charge one of the lowest trading fee and only charge 1% of the total transaction as trader fee.

Customer Support

Customer support usually contacts within 3-5 working days and the only way to contact them is by submitting the ticket on their website.

Conclusion

247exchange is a great option to buy Bitcoins and it also charges one of the lowest fees. 247exchange is a regulated company and we found no negative reviews about the company. The company also offer an extensive range of payment options like credit/debit card payment and bank transfers. 247exchange is also negotiating with other payment processors in various countries and soon many other payment options will be added.  However, company’s website is pretty basic and you will have to spend a lot of time to find the required information. The website also have lack of information available so one can’t make an informed decision about trading on 247exchange. The company also doesn’t have any official Facebook page. The company has their official group on Facebook which is active. 247exchange need a lot of improvement on their website to enhance the user experience. Overall 247exchange is a good Bitcoin exchange and their services are also good. The company also offer promotions from time to time which gives a discount to users which is not common in other Bitcoin exchanges and a big plus for 247exchange. Lower fees and promotional offers make the 247exchange an ideal option for Bitcoin trading and we recommend 247exchange. You can also read reviews of other Bitcoin exchanges on our website,

Note: 247exchnage halted its services in October due to banking issues but now they are back. The company is planning to bring version 2 of 247exchnage and you can learn more about new developments here.