What do you do with the €0.01 you receive every time a new bank account is linked?

Answer: The costs of these transactions are higher than the EUR 0.01 it generates. We use the money to compensate the transaction costs.

The advantage of LiteBit is that we offer multiple payment methods so that the purchase of cryptocurrencies is accessible to everyone. These different payment methods also entail costs. The service provider that offers our payment methods is Pay.nl. The costs of a transaction vary per payment method. We pay between EUR 0.18 and EUR 0.34 per transaction. That is why these EUR 0.01 transactions cost us more than it yields.