Bitit 74 Reviews Crypto Exchange

bitit review

The platform has many functions and features to offer for traders. Thus, we review its payment ways, service availability, fee structure, security and privacy. The exchange offers something called BitIt gift card, denominated in euros. This is indeed a gift card, which could be given as a present bitit review for various occasions and the Bitcoins can be redeemed at any time on BitIt’s platform. The Bitit platform shows a price chart and order history and is intuitive to use, but it is not a proper trading platform.

  • 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.
  • According to the company blog, it’s targeting as many local currencies and languages as possible to widen the net for potential new adopters of crypto.
  • Based in France, the company is fully regulated and offers the ability to buy cryptocurrency with multiple fiat currencies.
  • Founded in Paris in 2015, it’s one of the very few bitcoin exchanges with an actual physical address, which gives them extra credibility.
  • The platform has many functions and features to offer for traders.
  • You don’t need to use it exclusively for bitcoin, Bitit has a decent amount of cryptocurrencies supported on their website.
  • We cannot foreknow the future and thus cannot say that it is safe to work with this particular platform 100%.

Purchase Bitcoin with Flexepin

Depending on the method used, you can get BTC from 10 minutes to a week. Credit cards are the fastest available channel, as the transaction takes up to 20 minutes to be conducted. You wait for about 5 minutes for the transfer to be confirmed and additional 10 to 15 minutes for coins to reach your specified wallet. Bitit is a regulated French company and exchange platform that operated transparently since 2015.

Great debit card buying experience

It doesn’t offer a crypto-to-crypto service, and you cannot use it to sell your cryptocurrency. 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. 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. At this moment, it is not possible to purchase BTC with the help of PayPal account. The company is yet to announce any plans for including the option in future. You can check out our review of available platforms that accept PayPal as a mean of purchase in the meantime.

bitit review

Bitit Withdrawal fees\nConsidering how Bitit conducts its business, withdrawal fees are irrelevant.\n

It offers trading in Bitcoin, Bitcoin Cash and Ether for EUR and accepts payments via credit and debit cards, direct banking and cash vouchers (prepaid cards). One of the features that truly sets BitIt apart is its ability to accept a long list of payment methods you will not find on other cryptocurrency exchanges. Specific methods include Maestro, Mastercard, Visa, TrustPay, CashLib, and Neosurf.

  • We also provide step-by-step guides on how to buy and withdraw your coins.
  • Users must have their own wallet addresses to buy crypto on Bitit.
  • The company was founded in 2015 by Nicolas Katan, Co-Founder, CEO; Ugo Mare, Co-Founder, CTO; and Simon Potier, Co-Founder, CIO.
  • Bitit is yet to develop a mobile app as an additional trading platform.
  • What we can say is that buying BTC at Bitit is legitimate and business a legal entity that you can trust when it comes to cryptocurrency purchase.
  • The transaction itself is near instantaneous once you provide receipt details.

At Bitit, bitcoins are transferred directly to your wallet address when buying them. 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. In their effort to make it approachable to most people, they also let you buy Bitcoin gift cards! You can buy from 10 to 250 euros worth of bitcoin to give it to someone else. This also gives a good option to European merchants since Bitcoin gift cards is another way to buy Bitcoin for yourself, just like with any iTunes gift card you get at a 7eleven. Non-European customers can also create a Bitit EUR wallet should they so wish.

Account locked

Different from most other exchanges, you can now even buy cryptocurrency with cash here, if you use a CASHlib or Neosurf voucher. These vouchers are apparently available in more than 150,000 stores across the world. BitIt offers an option, called “Buy Near You”, which shows the nearest points of sale of the prepaid cards Neosurf and Cahslib and the BitIt gift card. It uses the location services of the browser and shows the locations on Google Maps.

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

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.