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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. There is the option to buy up to EUR 150 worth of cryptocurrencies, by just providing name, address, birth date and e-mail and paying with cash vouchers like Cashlib and Neosurf. Despite high fees and the absence of crypto deposits, Bitit makes up for it with a unique gift card and voucher system and superior reliability.
BitIt’s Customer Support
- The platform has many functions and features to offer for traders.
- 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.
- We cannot foreknow the future and thus cannot say that it is safe to work with this particular platform 100%.
- 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.
- You don’t need to use it exclusively for bitcoin, Bitit has a decent amount of cryptocurrencies supported on their website.
- Founded in Paris in 2015, it’s one of the very few bitcoin exchanges with an actual physical address, which gives them extra credibility.
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.
Realy smart and easy ;p
Confirm your account by checking your email account and then finding Bitit’s registration email and clicking Confirm My Account. The Fees aren’t the greatest when compared to other types of exchanges, but you are paying here for ease of use and ability to purchase using Debit / Credit cards and the wide array of other payment options. Very easy to use service, verification of account and cards was very fast. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. 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.
Company details
Up to this point, customers might have had issues of technical nature or whose accounts were hacked on an individual basis through poor security, but Bitit itself has proven to be a reliable partner so far. 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. We also provide comparative analysis with other, similar crypto exchanges, such as LocalBitcoins and Coinbase.
Can I Buy BTC via PayPal on Bitit?
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.
Transaction Speed
Once you have the gift card, head to BitIt to redeem it into the cryptocurrency of your choice. As with the options for buying your crypto locally, your cryptocurrency will be delivered within minutes after you redeem your gift card. Paxful is similar to LocalBitcoins to the point where we can safely call them direct rivals in the cryptocurrency market.
First time user
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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.
Once you have the account set, head over the “Buy” page and fill out the payment form that consists of your address code, amount of BTC you wish bitit review to buy and purchase method (either CC, TrustPay or voucher). 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. 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.
Payments are always secure since they are developed, regulated, and hosted in France. BitIt follows the highest standards for both regulatory oversight and privacy. In our view, if Bitit really wants to corner a market for beginners in crypto without offering its own wallet, then there is one thing it could do.
- You have credit and debit cards that take additional 6.9% form customers when used.
- At Bitit, bitcoins are transferred directly to your wallet address when buying them.
- At this moment, it is not possible to purchase BTC with the help of PayPal account.
- 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.
- It is firmly trying to establish itself as a platform that opens up the world of crypto to new entrants, even to those who would otherwise be unable to access it.
- 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.
- Bitit complies with the Payment Card Industry Data Security Standard, meaning your credit card details are safe on the Bitit website.
For convenience, the support section is divided into categories so there is no need to waste time to find the topic you are interested in. While “exchange” is the only word we have to describe Bitit, it’s not a typical exchange like Coinbase or Bitstamp. Bitit is just a fiat-to-crypto service that allows you to buy crypto and deposit the funds in your own wallet.