Why switching to Knaken is a good idea.

The news that Litebit (like us, a Rotterdam-based platform) is going to stop is, of course, very serious and indicates that the crypto market is still in rough waters. We at Knaken are also experiencing this, but partly because we are a small group of enthusiasts, we are relatively flexible and do not take significant risks with loans to third parties, which makes us very resilient to changing market conditions. We are happy to offer an alternative for customers looking for a new platform to safely store their coins.

Here are the most important advantages of Knaken:

**Switching Service**
With our switching service, we offer personal support for transferring cryptocurrencies. You can indicate how you would like to be helped.

**Low Fees**
This year we have changed our fee structure, making us much cheaper. With the costs we currently charge, we are competitive with the large international exchanges. Read more about our fees on the cost page.

**Real Crypto at Knaken (no CFDs)**
At Knaken, you buy real crypto, which you can easily withdraw to your own external wallet. Our offering has now grown to include 150 different coins, so there’s plenty of choice!

**Withdraw Crypto to Your Own Wallet**
At Knaken, you can send almost all the coins you buy to your own private wallet. We support many networks, and for some coins, you can choose a network when withdrawing. Here you can find the list of networks.

**Settle (paying with crypto)**
Knaken is an innovative platform where you can now also make payments with crypto. You can send and receive payment requests, and it’s already possible to pay at web shops with Settle. Read more about Settle here.

**“Actions Speak Louder than Words” Support**
When you are active on a crypto platform, there always comes a moment when you have questions or need support. At Knaken, we are known for our fast and personal support. We like to help our customers and even offer extra service on weekends. We have an excellent rating on Trustpilot.

**No Worries About Security**
The security of your account is our top priority. That’s why we have implemented two-factor authentication (2FA), an extra security layer that protects your account. Of course, there are many more ways to increase your account security, so you can trade with peace of mind.

Are you already convinced or at least interested? Then download our app now in the App Store or Google Play Store and discover it for yourself!