We also want to thank our employees, investors and financial partners who trusted us from the beginning. Despite being one of France’s leading fiat-to-crypto platforms and serving over half a million customers since its founding back in 2015, Bitit is closing its doors. Have been trying to purchase bitcoin for hours now, no actually a few days and after going through so many steps and so much aggravation nothing seemed to work.
Our company focus on simple UX and compliance stood out in a corner of the internet too often known for opacity and frictions. First of all, please accept our apologies if you were not satisfied by our services. The way Bitit.io tries to confuse and deceive how much bitcoin you will actually receive after using their service is not acceptable to customers.
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. 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.
You can check out our review of available platforms that accept PayPal as a mean of purchase in the meantime. You have the ability bitit review 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 Q&A section does cover most of the exchange in terms of verification, security, fees and purchase process. The ticket system can be found at “Contact” page or “Help Center”, with the average response time of the customer department being 24 hours. We cannot foreknow the future and thus cannot say that it is safe to work with this particular platform 100%. 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.
We also provide step-by-step guides on how to buy and withdraw your coins. Very easy to use service, verification of account and cards was very fast. Non-European customers can also create a Bitit EUR wallet should they so wish. 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. The platform went through major changes in design at the end of 2017, creating a new environment for traders to buy and sell coins.
You will however be able to purchase BTC easily with any credit card. I am able to deposit money which I have done, however I am not able to sell my bitcoin and convert it into withdrawable money. Verification can help ensure real people are writing the reviews you read on Trustpilot. Apart from Bitit, there are other exchanges available for you to buy bitcoins.
Confirm your account by checking your email account and then finding Bitit’s registration email and clicking Confirm My Account. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Bitit does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still do their own independent analysis of any problems arising from their residency or citizenship.
Because the platform doesn’t store funds, it doesn’t need to provide cold storage or deal with loss, so users should rely on the safety of the wallet they’re depositing to from Bitit. Additionally, Bitit thoroughly enforces all relevant EU regulations regarding privacy of data, keeping it fully encrypted. It does not store credit card numbers nor account passwords, making it very safe to use. The platform offers its services in several regions of the world, accounting for 114 supported countries altogether. Currently, you are able to buy BTC from the USA, most of Europe, Japan, China, South Korea, Turkey, Hong Kong, Singapore, the UK, Australia and Canada.
This aspect can make a customer’s experience with the exchange amazing or terrible. As one of the world’s leading sites for buying crypto instantly, Bitit is packed with useful features which make the user experience simple, easy and secure. Yes, Bitit is a legitimate cryptocurrency exchange which is run by a legal company registered in the European Union. 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).
Many of these countries have the ability to use their own domestic currencies through credit cards, bank transfers and cash vouchers. Apart from Bitit, there are other exchanges offering similar services and payment methods that you should be aware of. Regulated cryptocurrency exchanges which let you buy and sell coins always have to verify your ID before you can use their service, this is vital in staying compliant with laws and regulations. Therefore, as you probably guessed, you have to complete verification on Bitit.
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. The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. The process also requires you to take a selfie with a piece of paper showing the current date and the word ‘Bitit‘ so make sure you have a camera to hand before beginning verification. Learn more about securing your Bitit account with their detailed bitit review guide to account security.
From registration/verification to payment to receiving your crypto, it’s all done swiftly without any BS. To use the platform, customers must register, complete the KYC procedure, and deposit funds. Afterward, fiat-to-crypto, crypto-to-fiat and crypto-to-crypto transactions can be carried out freely. Binance aims to become a platform that’s intuitive, well-designed and easy-to-use.
Below you wind some information about the verification process on Bitit. As mentioned before, you are able to purchase up to €150 with an unverified account using TrustPay and cash vouchers per week. 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.
Aside from BTC, you are now able to purchase Ethereum as well with the help of credit cards, bank transfers and vouchers. The main supported digital currencies include BTC, XRP, IOTA, ETH, and PAN. 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. As for the payment limits, with an unverified account, you can buy up to €150 using TrustPay and cash vouchers on weekly basis.
