UTORG Review: Buy Bitcoin Without Fees [Really?]

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Utorg is a licensed Virtual Asset Service Provider operating in 187 countries. The company’s core product is a fiat&crypto widget embeddable into any Web3 product. It enables people to buy and sell crypto using 10+ most popular payment methods (bank cards, instant bank transfers, Apple Pay, Google Pay, etc.), which together with the built-in AI-powered KYC takes less than 3 minutes.

Features UTORG
Founded in 2019
Founded by Pavel Lerner
Mobile application Not available 
Customer support Available 
Security 2-factor authentication 
FeesNo fees on buying bitcoin.

Summary

  • UTORG is a platform that provides its users with the facility of buying Bitcoin with a card.
  • For every transaction made with UTORG, no fee on buying Bitcoin with your credit and debit card.
  • However, a fee is charged on selling Bitcoin.
  • The platform is highly secured with solid encryption and provides the users with good customer support. 

What is UTORG?

Utorg allows us to purchase cryptocurrency with a credit or debit card. It aims to solve critical issues such as high fees, long waiting lists, and lack of security in centralized exchanges. The users can buy Bitcoin directly with their card without any sign-ups or KYC procedures; they only ask your address where you want us to send your purchased crypto.

It allows users to buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), and Tether (USDT) directly with their card without any fees charged on it, and their purchased crypto will be sent to the crypto wallet provided by the user.

Utorg Review
UTORG Review

Also read, 10 Best Decentralized Exchanges (DEX) to Trade Crypto

UTORG Review: Features

The UTORG platform is a one-stop-shop for all your crypto needs. Here are some of its features:

  • The user-friendly design allows users to navigate the website easily and makes it easy for beginners to buy crypto.
  • Instant payment settlement with no processing fee is charged as the purchased crypto is instantly sent to the user’s wallet.
  • No fees are charged, so users will get their crypto at its cost, which becomes relatively cheap for users.
  • The company has made it easy to withdraw funds by converting cryptocurrency into fiat currency.
  • It provides live chat support via email to solve users’ issues instantly.

Also read, Crypto wallet best practices – How to secure your coins?

UTORG Review: Fees & Limits

Users can purchase the coins on the platform with various payment methods. This includes bank transfers, credit cards, and debit cards. The platform has no fees for paying with credit cards and debit cards, while bank transfer fees are 1.5% charged when you buy, and 1% fees are set when you sell. The company has developed a set of levels to help you figure out your Limits for Buying and selling crypto. There are four levels provided which based on three contributing factors:

  • Users current financial reality
  • Users goals 
  • Users ambitions
Utorg Fees &Amp; Limits
UTORG Fees & Limits

Also Read: Best Crypto Swap Platforms

How to buy crypto on Utorg?

The UTORG platform is the perfect way to buy many different cryptocurrencies. It offers you a simple and effective way to buy cryptocurrency, digital assets, and tokens with fiat (EUR, USD, Pounds, etc.). Here are the steps:

  • Firstly you need to create an account on the platform.
  • The second step is to provide the required information for verification. The necessary fields are email, country of residence, phone number, and desired login name.
  • Thirdly, choose the cryptocurrency you want to buy out of the list of coins available on the platform.
  • Moreover, fill in your card details; your bank will send you a 3DS-code to confirm the payment.
  • Lastly, you need to review your order for accuracy and correctness by double-checking the amount of crypto you are buying and checking all other information mentioned before submitting it.
Utorg Steps To Buy Crypto
UTORG Steps to buy crypto

Is UTORG Safe?

UTORG delivers an integrated security protocol that protects customer funds at all times. In addition, the company uses robust encryption techniques to protect sensitive data and stores funds in secured offline wallets. UTORG also limits access to sensitive data by its employees with special authentication requirements.

UTORG Review: Customer Support

The platform offers four types of customer support:

  • Email: – Customers can contact the team through an email form on the website if they need any help.
  • Live Chat: – The live chat option is also available, and it serves as a way to connect with customer service agents directly.
  • Phone: – There is a telephone number available for all customers to call and speak with someone about any questions or concerns they may have.
  • Social media: – UTORG has accounts on Instagram, Facebook, LinkedIn, and Twitter where the customer support team responds to questions or comments as they arise.

Click here to contact UTORG support. 

Utorg Customer Support
UTORG Customer Support

UTORG Review: Conclusion

UTORG is a crypto exchange platform that enables investors to buy crypto using credit and debit cards. Further, the platform is licensed and regulated by the Estonian Financial Intelligence Unit. You can buy crypto with a debit or credit card with 0% fees; however, you’d have to pay selling fees. Apart from this, it is also Payment Card Industry Data Security Standard (PCI DSS) compliant, meaning it continuously adheres to a set of guidelines presented by PCI.

Frequently Asked Questions 

Is there any waiting time to receive Bitcoin about purchasing it?

There is no waiting time after purchasing Bitcoin from UTORG, as the quantity purchased would be immediately credited to your wallet. (apart from the network transaction time)

Is there any verification at UTORG?

Yes, UTORG requires all its users to go through a verification process to ensure buying and selling safety. Getting the verification done at UTORG is a one-time thing. 

How long is the verification process at UTORG?

The verification process at UTORG is concise and takes just 5 minutes to be completed.

Do I necessarily need to have a computer to use UTORG?

No, you can use UTORG from any of your preferred devices, namely a smartphone, computer, and even a laptop.

Does UTORG charge no fees on buying and selling BTC?

UTG doesn’t charge fees on buying through your MasterCard or visa but buying BTC through bank transfers can charge you minimal fees.

Also read,

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Pratyaksh
Pratyaksh

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