Plus, we all know that storing crypto on an exchange is generally a bad idea. Their website recommends the Ledger Nano S for security, which is admittedly a great wallet used by many. Users must have their own wallet addresses to buy crypto on Bitit. Bitit even offers gift cards, so you could give your Granny the opportunity to buy her own bitcoins on Bitit as a Christmas gift if you like.

Company details

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.

Bitit Trading fees

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.

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• Bitit is a cryptocurrency exchange based in France that provides users with trading opportunities for Bitcoin and Ethereum.
• Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews.
• On 5 February 2019, however, the exchange announced that they would now also enable SEPA-transfers (a sort of wire transfer) in EUR.
• 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.

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.

• ” What’s important to understand is that Bitit is not marketing itself towards the seasoned crypto enthusiast.
• While “exchange” is the only word we have to describe Bitit, it’s not a typical exchange like Coinbase or Bitstamp.
• Let’s face it, most people who are new to cryptocurrencies end up leaving their coins on an exchange for some time until they read enough to realize it’s a bad idea.
• Credit or debit card purchases, or cash vouchers, are even more expensive.

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.

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And the most important thing is their customer service . Its too easy even a kid can buy and sale crypto . Available in more than 50 countries, Bitit lets you buy the leading blockchain assets in minutes with your preferred payment method & local currency without any headaches. I thank you Bitit.io for your efficient service rendered to me and others who dreams of financial freedom with sad mind to see you closing down in my heart I will always missed your services I thank t… Get hand selected news & info from our Crypto Experts so you can make educated, informed decisions that directly affect your crypto profits! Which is just as well, because you’re about to pay the price for the comfortable ride you’ve been enjoying so far (wallet setup proficiency notwithstanding).

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Easy verfication 3d payments with debit cards high starting limits as well which is great thanks a lot! In light of this, Bitit is a bit on the high end when looking at its trading fees. The global industry average has for a long time been 0.25%, but we are now seeing a shift towards much lower trading fees.

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 bitit review approved reviews

The service aims to make it easy for anyone to buy cryptocurrencies using a credit card or various other payment methods. At least with our UK registered account, we could only choose to pay either by credit card, with payment vouchers Neosurf or Cashlib, or with a Bitit gift card. Bitit is a cryptocurrency exchange based in France that provides users with trading opportunities for Bitcoin and Ethereum. Bitit is different from most top crypto exchanges in the way that it does not offer trading between 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.

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.

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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.

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.

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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.

Limits

Bitit complies with the Payment Card Industry Data Security Standard, meaning your credit card details are safe on the Bitit website. You can then use that to make your cryptocurrency purchases, taking advantage of the lower fees and higher purchase limits. Using the payment voucher or gift card options, this goes up to $2500 per week.

Bitit is a French exchange platform that was founded in 2015 by three friends and cryptocurrency enthusiasts. 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. It is fast, simple to use, and offers convenient payment methods with cards, bank transfer, a gift voucher, and several brands of cash vouchers.

On 5 February 2019, however, the exchange announced that they would now also enable SEPA-transfers (a sort of wire transfer) in EUR. Considering how Bitit conducts its business, withdrawal fees are irrelevant. Credit or debit card purchases, or cash vouchers, are even more expensive. You should yourself determine which trading view that suits you the best.