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 exchange can be considered as a somewhat expensive platform when it comes to purchasing fees. You have credit and debit cards that take additional 6.9% form customers when used. When compared with Coinbase’s 3.99%, Bitit definitely comes as a more expensive variant in terms of bank cards.

Reviews

Users must provide full identity verification, including a selfie and picture of an ID. The Bitit platform shows a price chart and order history and is intuitive to use, but it is not a proper trading platform. 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. The platform went through major changes in design at the end of 2017, creating a new environment for traders to buy and sell coins.

Bitit: why closed? 22 alternatives for bitit.io (09.

Most of the other platforms charge up 1.99% at most, with many offering the service for free even. 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.

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 information is transparent and stored on every data point in the network. The identity of users is secure with access to authorized personnel.

Bitit Reviews 425

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. 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.

Sustainability in IT: How CIOs are Leading the Push for Environmentally Friendly and Sustainable Technology Solutions

• Due to the European regulations, all data on its website and on its communication channels are encrypted.
• Bitit offers simple, fast, and secure cryptocurrency purchases.
• As mentioned before, you are able to purchase up to €150 with an unverified account using TrustPay and cash vouchers per week.
• Booster covers all purchases within 24 hours after activation.
• Katan believes in living a simple life and applies the same to his work environment.

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. 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.

The main difference between Bitit and LocalBitcoins is that latter exchange is peer-to-peer (P2P) based, as bitit review 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%. 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.

Genuine Reviews, No Hype

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. The first step would be to verify your account if you wish to purchase coins at higher limits than €150. Bank transfers also carry high costs with themselves, as you pay additional 3% when using TrustPay.

• 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.
• “Great companies are going to be built by focusing on those usages, not by just forcing blockchain into a solution that would exist anyway,” says Katan.
• Your go-to source for detailed reviews and comparisons of digital products and services.
• # Bitcoin Affiliation Program with Bitit Earn up to 20% of Bitit commission fee.
• Users can buy Bitcoin, Ethereum, and other leading cryptocurrencies using their local currency and preferred payment method.

The COVID-19 pandemic has made the future of many sectors uncertain. Katan and his team at Bitit are positive that cryptocurrency will only become stronger in the future and hope to simplify the use of crypto-currency globally. “We still haven’t gotten to the famous point of ‘crossing the chasm’, where we get to real, mainstream adoption and use,” says Katan about the challenges of crypto-currency. The prime challenge faced by crypto-currency is its complication. Users have trouble understanding complicated terms like blockchain. “We’ve focused on design and ease-of-use from the beginning, to make Bitit the absolute easiest way to buy and sell crypto-assets,” says Katan.

Besides, the referral process takes just a few clicks to share a referral link by e-mail, Facebook, or Twitter. If you have a blog or a website, you can download the platform’s dynamic burners to integrate easily. Fake or duplicate accounts cannot receive any referral payouts. Bit-it reserves the right to change the terms of the referral program without prior information. 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.

This slows down the trade, especially if the said issue concerns buying process. Cash vouchers, although completely private, are the most costly channel of purchase at Bitit, as you pay up to 11.9%, depending on the voucher. Whereas traders buy BTC from Bitit directly, in LocalBitcoins… At Bitit we strive to make the buying of Bitcoin as easy as possible. If you have any questions, feel free to visit our Help Center or contact us via our contact form.

The platform has many functions and features to offer for traders. Thus, we review its payment ways, service availability, fee structure, security and privacy. After complete account verification users may buy Bitcoin up to 500€ per week by credit card.

Review of Binance Bitcoin Exchange & Trading Platform

Integrated with crypto-currency, Blockchain will remove the need of banks. “Great companies are going to be built by focusing on those usages, not by just forcing blockchain into a solution that would exist anyway,” says Katan. Applications that are possible solely because of blockchain tech must be prioritized. Applications that use it just because it’s a good word to use in a pitch deck should be discouraged, he adds. 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.