Bitit Reviews Read Customer Service Reviews of bitit io
.jpg)
The Bitit exchange is registered under the name Bitit SAS and incorporated in Paris, France. The company was founded in 2015 by Nicolas Katan, Co-Founder, CEO; Ugo Mare, Co-Founder, CTO; and Simon Potier, Co-Founder, CIO. Bitit wants to democratize Bitcoin and states that everyone should be able to access cryptocurrencies through a simple platform to protect and manage their financial well being. TrustPay is perhaps the slowest of the three, as you need to wait for 2 to 5 business days for the transaction to take place. Cash vouchers can be either fast or slow, depending on how close the store nearest to you is. The transaction itself is near instantaneous once you provide receipt details.
Get Crypto News – Delivered!
In the near future, they plan on adding other coins like LTC, XMR, and XRP. The exchange is open for international registrations with numerous deposit options that support 7 fiat currencies. Apart from Bitit, there are other exchanges offering similar services and payment methods that you should be aware of. These platforms differ in terms of fees, payment options and verification requirements. Thus, we made a short comparative analysis of LocalBitcoins and Coinbase, benchmarking Bitit in terms of before-mentioned important trade indicators. You have near-instant credit or debit cards, enabling you to get cryptos fast and easy.
For the occasional trader, this is more than enough, but is not sufficient for a professional trader. BitIt is another French cryptocurrency exchange, quite similar to Coinhouse. The company is registered in Paris and is compliant with the KYC and AML requirements. Now that we’ve talked about their verification levels, what features do they have waiting for us? One of the interesting things that we noticed is that you will be able to add several BTC/crypto wallets with the ability to name each one and personalize it. This is great since some people will have multiple BTC wallets and have the ability to label each wallet will make it easier for you to withdraw or deposit from the correct one without any problems at all.
Bitit Reviews 426
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders. The platform has support from The Family (a European group supporting entrepreneurs), the Luxembourg House of Financial Technology, and EY (a global company). Using the platform is as simple as signing up, completing bitit review the profile to increase your buying limits, and getting ready to use the intuitive interface. Bitit complies with the Payment Card Industry Data Security Standard, meaning your credit card details are safe on the Bitit website.
- We also provide comparative analysis with other, similar crypto exchanges, such as LocalBitcoins and Coinbase.
- Another important distinction form Bitit is the fact that Coinbase is available only in 32 counties, while Bitit can boast of its Global Reach.
- These twin issues forced us to make the difficult decision to close the company down, effective today, April 15, 2021.
- Bitit does not explicitly prohibit US-investors from trading on its exchange.
- 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.
- Bank transfers also carry high costs with themselves, as you pay additional 3% when using TrustPay.
- It provides numerous payment methods for its clients to use for a low fee.
The delivery is always express, with the assets arriving in just minutes. With a credit card, Bitit limits exchanges to a maximum value of €1500 (around $1700) per week. Using the payment voucher or gift card options, this goes up to $2500 per week. If you use the payment voucher service, it can go up to an eye-watering 11.9%. Apart from credit cards, you also have TrustPay bank transfers if you are looking for lower fees. These transfers are a lot slower than credit cards, as they may take between 2 to 5 business days to complete.
Review of Binance Bitcoin Exchange & Trading Platform
Bitit allows users to buy BTC and ETH online using cash, a credit or debit card, wire transfer, e-wallet, Neosurf, or Cashlib prepaid vouchers. Users need to register their profile in order to unlock higher buying limits of up to 2500€/week. They offer a Bitit gift card paired in Euros which can be redeemed for Bitcoin, but on the downside, fees can get as high as 11.9% for cash vouchers.
.jpg)
Bitit Wallets
Here at Bitit.io users are unable to sell their crypto but only purchase it from them. If we take it into a technical perspective, this is simply a website that provides exchange services for your Fiat currency. Simply log into your account and head over to your account dashboard. On the upper part of the dashboard, you will see several tabs and one of that tab is called “Buy” with a coin logo. On the checkout page, users are able to choose from BTC, ETH, BCH, ETC, LTC, NEO, XRP, and XMR making it one of the largest exchanges today offering more than just a couple of choice for you to choose from.
Deposit Methods
Alternatively, click on I’ll Do This Later to go to the dashboard where you’ll be able to deposit and exchange crypto, albeit in limited capacity. Bitit recommends users verify their passport and advertises a 5-minute verification time. Input the details of your passport including full name, issue and expiration date, passport number and other details. Then upload a picture of the passport and wait for the verification email to arrive.
Bitit even offers gift cards, so you could give your Granny the opportunity to buy her own bitcoins on Bitit as a Christmas gift if you like. Whereas Bitit allows you to buy small amounts of bitcoins with an unverified account, Coinbase demands full identity check prior to the trade. Another important distinction from Bitit is that Coinbase offers competitive fee structure, as you can buy coins for 1.99% using bank transfers and 3.99% with credit cards. In case of the credit card or TrustPay purchases, you will receive a receipt upon which you can track the transfer of bitcoins to your wallet address. The process is straightforward as you send your money and receive cryptos in return. Cash vouchers, however, need to be bought from the store on physical location near from you.
It provides numerous payment methods for its clients to use for a low fee. Thus, we made a tutorial about the platform, indicating its pros and cons in terms of cryptocurrencies available, payment options and fee structure. Bitit is connected to live markets and offers real-time pricing for buying customers, but selling cryptocurrencies is not available and so liquidity is less of an issue.
- BitIt Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker in this BitIt Review.
- It’s an exchange we recently featured in our Alternatives to Coinbase collection so we thought we’d take a closer look at this exchange.
- Here at Bitit.io users are unable to sell their crypto but only purchase it from them.
- The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
- After the purchase, choose the external wallet you’d like to send the coins to and then Proceed to Payment.
To get started, users have to fill in a simple form and that’s it. There are enough options available for occasional traders, but not for professionals. There is no verification needed for the first 25€ BTC purchase, but for larger sums, users must provide ID verification. CEX.IO, unlike LocalBitcoins and Paxful, is more close to Bitit, as you can buy or sell coins directly from the company. Head over to our guide about CEX.IO’s platform, as we investigate its verification demands, fee structure, countries supported and much more. We also provide step-by-step guides on how to buy and withdraw your coins.