When you're looking for a crypto exchange in Europe, you want something that works with your bank, doesn’t charge you extra for deposits, and actually has people trading on it. Globitex promises exactly that - EUR deposits via IBAN, zero maker fees, and no withdrawal fees. But here’s the problem: almost no one is using it.

Globitex launched in May 2017, based in Latvia with offices in London, Riga, and Vilnius. It’s not a giant like Binance or Coinbase. It’s small. And that’s not necessarily bad - some of the best exchanges started small. But Globitex hasn’t grown. It’s stuck.

How Globitex Makes Money (And Why It’s Not Working)

Globitex’s fee structure looks great on paper: 0.20% for takers, 0% for makers. That’s supposed to encourage people to place limit orders and add liquidity. In theory, it’s smart. But here’s the catch - there’s almost no liquidity to begin with.

Compare that to Binance, where maker fees are often 0% and taker fees are 0.04% for high-volume traders. Kraken charges as low as 0% for makers and 0.16% for takers. Even Coinbase, which charges up to 3.99% on card buys, has far more volume. Globitex’s 0.20% taker fee is higher than most major exchanges. And if you’re not getting better prices because no one’s trading, that fee doesn’t matter. You’re just paying more for less.

Withdrawals? No fees from Globitex. You only pay the blockchain miner fee. That’s good. But if you’re trying to move Bitcoin or Ethereum out and the network is congested, you’re still paying $5-$15 in gas. That’s not unique. Other exchanges do the same. So no real advantage there.

What Coins Can You Trade?

Globitex lists maybe 20-30 cryptocurrencies. That’s it. Bitcoin, Ethereum, Litecoin, some stablecoins like EURS - the basics. No Solana. No Cardano. No meme coins. No new tokens. If you’re looking to trade anything outside the top 10, you won’t find it here.

Compare that to Kraken, which lists over 350 coins, or Coinbase with 235. Even smaller exchanges like Bitpanda offer more variety. Globitex doesn’t even try to compete on selection. It’s not trying to be a one-stop shop. It’s trying to be a EUR gateway. But if you’re only trading EUR pairs, why not use a platform that actually has volume?

EUR Deposits? Yes. But Is It Worth It?

The one thing Globitex does well is EUR integration. Through its group company Nexpay UAB, it holds an E-money license. That means you can deposit and withdraw EUR directly using an IBAN. No third-party payment processors. No currency conversion headaches. If you’re in the EU and want to move money from your bank to crypto without paying fees, this is one of the few platforms that makes it easy.

But here’s the twist: you can’t do this on mobile. The EURO Wallet is only accessible via desktop. No app. No mobile web version that works properly. If you’re used to checking your balance on your phone, you’re out of luck.

Security: What’s There - And What’s Missing

Globitex says it uses two-factor authentication, multisig wallets, and brute-force protection. That’s standard. Nothing special. But there’s no public proof of cold storage audits. No transparency reports. No third-party security certifications. You’re trusting them to keep your coins safe - and that’s risky.

Major exchanges like Kraken and Coinbase publish regular proof-of-reserves reports. They’re audited by firms like Grant Thornton. Globitex doesn’t. That’s not a dealbreaker for everyone, but when your exchange has almost no users, you want extra reassurance. You don’t get it.

User Reviews? Barely Any

This is the biggest red flag.

On Cryptogeek, Globitex has a 3 out of 10 rating - based on one review. One. That’s not a sample. That’s a whisper. On another platform focused on Azerbaijan markets, it scores 6.5 out of 10 - but the site explicitly says to avoid anything below 7.5. So even that rating is a warning.

And here’s the kicker: CoinMarketCap doesn’t track Globitex at all. It’s labeled an “Untracked Listing.” That means no one can verify its trading volume. No one knows if it’s moving $100,000 a day or $10,000. That’s not normal. Even tiny exchanges get tracked if they have any real activity. If you’re not on CoinMarketCap, you’re invisible to serious traders.

There are no Reddit threads. No Twitter discussions. No YouTube reviews. No complaints on Trustpilot. Nothing. That doesn’t mean it’s a scam. It means almost nobody uses it. And if no one’s using it, why should you?

Who Is Globitex For?

There’s one person who might benefit from Globitex: someone in the EU who only wants to buy Bitcoin or Ethereum with EUR and doesn’t care about trading volume, altcoins, or app access. Someone who values direct bank transfers over everything else.

But even then - why not use Bitpanda or Revolut? Both offer EUR deposits, lower fees, better apps, and more coins. Bitpanda even lets you buy fractional shares of stocks and gold. Revolut is faster, simpler, and has 40 million users.

Globitex isn’t better. It’s just different. And different doesn’t mean better when you’re trading crypto.

Final Verdict: Avoid Unless You Have a Specific Need

Globitex isn’t a scam. It’s registered. It has an E-money license. It doesn’t charge withdrawal fees. It supports EUR IBAN. Those are real pros.

But the cons outweigh them:

• Zero trading volume (untracked on CoinMarketCap)
• One user review, rating 3/10
• No mobile app
• Only 20-30 coins
• Taker fee is higher than competitors
• No transparency reports or audits

If you’re just starting out and want to buy Bitcoin with EUR, use Revolut, Bitpanda, or Kraken. They’re cheaper, faster, and have real communities behind them. If you’re trading regularly, you need volume - and Globitex doesn’t have any.

Globitex feels like a platform stuck in 2017. It was built for a time when crypto was simpler. But now, the market has moved on. And Globitex hasn’t.

What Should You Do Instead?

If you’re in the EU and want to buy crypto with EUR:

1. For beginners: Use Revolut - fast, simple, no KYC for small amounts.
2. For low fees and more coins: Use Kraken - 0.16% taker fee, 350+ coins, transparent audits.
3. For fiat on-ramps and stability: Use Bitpanda - EUR deposits, fractional investing, EU-regulated.

None of these platforms are perfect. But they all have users. They all have volume. They all have reviews. Globitex doesn’t.

Don’t get drawn in by the 0% maker fee. If no one’s making orders, it’s just a marketing gimmick. You want an exchange that’s alive - not a ghost town with a website.