Accordingly, we have marked this exchange as „dead” and moved it into our Exchange Graveyard. We also want to thank our employees, investors and financial partners who trusted us from the beginning. In any event, all US-investors should still do their own independent analysis of any problems arising from their residency or citizenship. We use dedicated people and clever technology to safeguard our platform. Anyone can write a Trustpilot review.

Verification

Nothing but good experience from Bit.it, probably the best customer service ever by far, was extremely patient with a noob like me Painful trying to get payment to go through but once the bank gave it the go ahead it went right through, awesome variety of coins Non-European customers can also create a Bitit EUR wallet should they so wish.

Reviews

It may take a few days for the verification process to complete. This process involves submitting a scan of your passport, together with a selfie of you holding up your password and a piece of paper with the word “Bitit” written on it. Then confirm your account using the email that Bitit sends to you. It’s easy, especially for a now-experienced, wallet setter-upper like you. You’ve gone onto the Bitit website for a first look and realized you need a wallet.

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. 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 sees user account security as their highest priority. The Bitit platform shows a price chart and order history and is intuitive to use, but it is not a proper trading platform. Bitit offers simple, fast, and secure cryptocurrency purchases.

Company details

The exchange is open for international registrations with numerous deposit options that support 7 fiat currencies. The information provided in this article does not constitute financial, investment, or trading advice. As a noob, you probably don’t know a whole lot about fees.

The Trustpilot Experience

• You’ve nailed setting one up for yourself, and now you’re there, clutching your new wallet address, ready to make your first foray into cryptocurrency using the Bitit platform.
• 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.
• It’s easy, especially for a now-experienced, wallet setter-upper like you.
• Based on 12 reviews

By this stage, most seasoned crypto enthusiasts are probably scratching their heads and wondering “But what’s the point then? While “exchange” is the only word we have to describe Bitit, it’s not a typical exchange like Coinbase or Bitstamp.

Bitit is a French crypto exchange service for BTC and ETH. Every investment and trading move involves risk; this is especially true for cryptocurrencies given their volatility. Previously, Bitit only accepted deposits via credit card. Regardless of whether you are buying or selling cryptos from the platform here, you need to pay 0.25% if  you are using the Bitti EUR wallet.

As you’re storing your crypto purchases in your own wallet, the security of your coins depends on the security of your wallet, not of the Bitit exchange. You’ve probably worked out by now that your best option is to use your credit card to buy a Bitit gift token. You’ve nailed setting one up for yourself, and now you’re there, clutching your new wallet address, ready to make your first foray into cryptocurrency using the Bitit platform.

Simplest, most straightforward purchase process with reasonable fees. Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews. She’s authored and ghostwritten more than 250 pieces on blockchain and cryptocurrencies.

In a worst case scenario, they are still prohibited from trading at one or several exchanges that could be the best cryptocurrency exchange site for them.\n With a credit card, Bitit limits exchanges to a maximum value of €1500 (around $1700) per week. The company is also working on integrations with different payment providers to enable easier cash payments for countries that don’t have a large base of credit card users.

Other Crypto Shops

This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. 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. Manually approved reviews

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. In this Bitit review, we look at the features and give you our overall verdict of the Bitit platform. The Bitit exchange is registered under the name Bitit SAS and incorporated in Paris, France. There is no verification needed for the first 25€ BTC purchase, but for larger sums, users must provide ID verification. To get started, users have to fill in a simple form and that’s it.

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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. Different from most other exchanges, you can now even buy cryptocurrency with cash here, if you use a CASHlib or Neosurf voucher. The deposit fees when using credit cards range from 2.90% to 3.50%. Built with the goal of making cryptocurrency purchases seamless no matter where you live and no matter what payment method you prefer, we worked hard on building the easiest way to access cryptocurrencies. By doing so, you can trade at the exchange and then deliver the purchased cryptocurrencies directly to your hardware wallet. I personally tested other exchanges no one have the speed and service of bitit.ioI would like to request from the BITIT team if they can implement a IOS/ANDROID app for mobile

• Users must have their own wallet addresses to buy crypto on Bitit.
• As you’re storing your crypto purchases in your own wallet, the security of your coins depends on the security of your wallet, not of the Bitit exchange.
• While our Granny example may be far-fetched, Bitit does state that it is working to open cryptocurrency up to users in developing countries.
• Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

Bitit is not one of the top crypto trading platform . After all, low fees are one of the attractions of dealing with cryptocurrencies. Given the high fees, Bitit is highly unlikely to appeal to any seasoned crypto traders or investors. In general, reviews from users of Bitit tend to be fairly positive.

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Anyway, let’s put all this aside for a moment and imagine you’re our hypothetical crypto noob. 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. ” What’s important to understand is that Bitit is not marketing itself towards the seasoned crypto enthusiast.

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A very interesting feature with Bitit that they announced on 3 June 2019 is that you can connect your Ledger Nano S or Trezor wallets to the Bitit-trading platform. Your go-to source for detailed reviews and comparisons of digital products and services. 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. I am reallyy amazed by bitit.io service, I wanted to delete the account because I had to change the country. It is the number 1 platform for trading crypto smoothly and easily .

Companies can ask for reviews via automatic invitations. After 1000$ of bitcoin purchased, I processed to verify my identity…Guess what…they locked my account without explanation. We perform checks on reviews

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. For a beginner, it could be one of the best options, but only if the said beginner is happy to go away and navigate the process of setting up their own wallet. If you use the payment voucher service, bitit review it can go up to an eye-watering 11.9%. To actually buy any crypto, you’ll need to undergo the verification process. This goal is laudable, however, users need that external wallet setup regardless of where they are.