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. They offer EV SSL certification for the web page, two-factor authentication, and strict verification procedures, and they do not store account passwords or card numbers.
Fees and Buying Limits
- Aside from BTC, you are now able to purchase Ethereum as well with the help of credit cards, bank transfers and vouchers.
- Other advantages are Bitit’s scope of operations, which includes over 100 countries, and the Bitit gift card.
- 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 a regulated French company and exchange platform that operated transparently since 2015.
- These changes, in our own opinion, are refreshing, providing more transparent purchase process, showing off fees and making it easier to get coins.
The platform went through major changes in design at the end of 2017, creating a new environment for traders to buy and sell coins. These changes, in our own opinion, are refreshing, providing more transparent purchase process, showing off fees and making it easier to get coins. Apart from the investigation, we also provide step-by-step guides on how to buy BTC using Bitit platform and how to properly withdraw funds to your bank account.
Similar Exchanges to Bitit
Less attractive are the high fees that make trading on Bitit quite expensive. 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. Since 2015, Bitit worked tirelessly to add more coins into its portfolio of cryptocurrencies. Aside from BTC, you are now able to purchase Ethereum as well with the help of credit cards, bank transfers and vouchers. 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.
If you are looking for a way to get bitcoins using your cash or vouchers in Europe, then look no further than this report. The platform Bitit will surely attract you by its benefits, but you should decide if it really meets all your needs. 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. Bank transfers also carry high costs with themselves, as you pay additional 3% when using TrustPay. Most of the other platforms charge up 1.99% at most, with many offering the service for free even.
Available Cryptocurrencies
After complete account verification users may buy Bitcoin up to 500€ per week by credit card. Users must provide full identity verification, including a selfie and picture of an ID. As mentioned before, you are able to purchase up to €150 with an unverified account using TrustPay and cash vouchers per week. For higher limitations and credit card purchases, you are required to provide scanned ID and a selfie of you holding the document in your hand. The platform offers extensive FAQ section and direct contact form when it comes to customer support. The Q&A section does cover most of the exchange in terms of verification, security, fees and purchase process.
- You can set up the buy widget with your external address code and have coins arrive directly to your wallet, rather than keep them in your Bitit balance.
- Although you can open up the exchange’s website on your phone, there is no downloadable program in Google Play or Apple Store.
- Many of these countries have the ability to use their own domestic currencies through credit cards, bank transfers and cash vouchers.
- Thus, hackers would need a lot more time and effort to break through the system than those platforms that have not invested in blocked content.
- All you have to do is to provide the code of your wallet and wait for the coins to reach your external crypto balance once the transfer has been confirmed.
Berapa minimum deposit untuk investasi saham di Bibit?
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. 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.
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.
Genuine Reviews, No Hype
The platform offers only bitcoins through various payment methods (over 50 of them). Bitit is a cryptocurrency exchange based in France that provides users with trading opportunities for Bitcoin and Ethereum. 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. CEX.IO, unlike LocalBitcoins and Paxful, is more close to Bitit, as you can buy or sell bitit review coins directly from the company.
Coinbase also offers PayPal withdrawals while cash purchases are not available at 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. Apart from cryptos, you have numerous fiat currencies that you can choose from when depositing or buying coins at Bitit. You have EUR, USD, GBP, CAD, AUD, CNY, KRW, JPY, TRY, HKD, SGD, SEK, NOK and DKK. # Bitcoin Affiliation Program with Bitit Earn up to 20% of Bitit commission fee. Although you can open up the exchange’s website on your phone, there is no downloadable program in Google Play or Apple Store.
As for the payment limits, with an unverified account, you can buy up to €150 using TrustPay and cash vouchers on weekly basis. With a verified account, you earn the right to increase limits up to €700 for credit cards and €2.500 for TrustPay and vouchers per week. 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.
Reviews
Currently, there is no live chat available for you to use if you face issues at hand. This slows down the trade, especially if the said issue concerns buying process. Due to the European regulations, all data on its website and on its communication channels are encrypted. Thus, hackers would need a lot more time and effort to break through the system than those platforms that have not invested in blocked content. Users can buy up to 25€ of Bitcoin by credit card without paperwork, only by filling their Profile.
Bitit partners with a Level 1 PCI service provider, maintains bank level security, is regularly audited and tested, and provides ongoing training to all staff. The first step would be to verify your account if you wish to purchase coins at higher limits than €150. What distinguishes Bitit from others is the ability to buy bitcoins that can be sent directly to your specified wallet address. You can set up the buy widget with your external address code and have coins arrive directly to your wallet, rather than keep them in your Bitit balance.
You can check out our review of available platforms that accept PayPal as a mean of purchase in the meantime. Apart from Bitit, there are other exchanges available for you to buy bitcoins. We made a number of reviews similar to this one, that you can check out at any time, including guides about Paxful, CEX.IO and BitPanda. Bitit is a regulated French company and exchange platform that operated transparently since 2015.
The ticket system can be found at “Contact” page or “Help Center”, with the average response time of the customer department being 24 hours. You have near-instant credit or debit cards, enabling you to get cryptos fast and easy. The main issue with the method is that full verification needs to be accomplished in order to use it.
