Bitit Reviews Read Customer Service Reviews of bitit io 4 of 19
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While our Granny example may be far-fetched, Bitit does state that it is working to open cryptocurrency up to users in developing countries. This goal is laudable, however, users need that external wallet setup regardless of where they are. Offering the Ledger Nano S as the only wallet recommendation, which is not a cheap piece of hardware and no picnic to set up for a total newcomer, still seems to be more of a barrier than an enabler. Was a pain trying to purchase bitcoins but after 2 hours of being on phone with my bank and visa I finally got it through.
What Does Bitit provide?
Do they have a verification process to start transacting with them? They do have limits on which payment options you can use for their services. With the account we have (standard) where we just provided an active email address and mobile number, we are unable to transact with them using the Credit Card option. Its services are available in around 50 countries worldwide, including EU, USA, Canada and Australia.
Vs Coinbase
The only downsides of BitIt are the limited cryptocurrencies and high fees, but the platform is working quickly to expand its cryptocurrency offerings. BitIt offers a service similar to that of many other cryptocurrency exchanges. It is fast and simple to use and offers convenient payment methods with cards, via bank transfer, a gift voucher and several brands of cash vouchers. Another advantage is the scope of operations of BitIt that includes 50 countries and the easy to use platform. Unverified users can only buy €150 euros per week, while verified users with a credit card are able to boost this to €1,500. Other payment methods such as cash vouchers or Bitit gift cards mean a higher limit of €2,500.
bitit is not one of the top crypto…
While it may seem like just one of many cryptocurrency exchanges at first, BitIt does more than the typical platform by also offering some features more common to a marketplace. This French company lets you buy several different cryptocurrencies with bitit review credit cards, bank transfers, or vouchers you buy with cash. It also offers convenient gift cards as another way to buy crypto with cash.
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Debit is working just fine
- Cash vouchers can be either fast or slow, depending on how close the store nearest to you is.
- 2FA has become one of the things that we need to make sure exists since it’s really important to have this installed in your online financial accounts.
- Simplest, most straightforward purchase process with reasonable fees.
- At this moment, the platform listed out several other digital currencies that are expected to be supported in near future, them being Bitcoin Cash, Ethereum Classic, Litecoin, Neo, Monero and Ripple.
- The exchange offers something called BitIt gift card, denominated in euros.
- Up to this point, customers might have had issues of technical nature or whose accounts were hacked on an individual basis through poor security, but Bitit itself has proven to be a reliable partner so far.
- It does not store credit card numbers nor account passwords, making it very safe to use.
You have the ability to purchase BTC with an unverified account of privacy depends on individual traders. LocalBitcoins is known for its lack of security features, as traders from around the world have reported scams in the past. The first step would be to verify your account if you wish to purchase coins at higher limits than €150. Limits in Bitit aren’t the best either, with a limit of 500 euros online purchase and 10,000 cash purchase. There are more than one cryptocurrency exchange in the land of wine, baguettes and romance, but not incredibly many as in United Kingdom or USA. BitIt’s platform, which is not exactly a proper trading platform, but gets the job done, is quite intuitive and easy to use.
While crypto exchanges such as Binance are often targeted towards traders, Bitit is very clearly targeting itself towards crypto novices. The service aims to make it easy for anyone to buy cryptocurrencies using a credit card or various other payment methods. The main difference between Bitit and LocalBitcoins is that latter exchange is peer-to-peer (P2P) based, as traders buy and sell coins between each other. The platform offers only bitcoins through various payment methods (over 50 of them). The fees, no matter what purchase option is chosen, stands at 1%.
- Additionally, Bitit support operates in several languages and is able to quickly verify IDs and passports from virtually anywhere.
- Once you have the account set, head over the “Buy” page and fill out the payment form that consists of your address code, amount of BTC you wish to buy and purchase method (either CC, TrustPay or voucher).
- At least with our UK registered account, we could only choose to pay either by credit card, with payment vouchers Neosurf or Cashlib, or with a Bitit gift card.
- This French company lets you buy several different cryptocurrencies with credit cards, bank transfers, or vouchers you buy with cash.
- Specific methods include Maestro, Mastercard, Visa, TrustPay, CashLib, and Neosurf.
- The only problem here is that they provide services for a very high fee; this can be countered though by their features and payment accessibility.
- However you don’t need to verify your identity to buy up to 25 euros worth of bitcoin for your first purchase.
You’ve probably worked out by now that your best option is to use your credit card to buy a Bitit gift token. You can then use that to make your cryptocurrency purchases, taking advantage of the lower fees and higher purchase limits. Welcome to BitcoinBestBuy – our simple and quick guide to buying bitcoins online with a credit card, finding the best and most reputable bitcoin exchanges; and securely storing your altcoins. Based in Paris (France) Bitit is a cryptocurrency exchange platform that provides digit CASHlib coins for fiat money purchases.