Below you wind some information about the verification process on Bitit. This makes the experience effortless and reduces the risk of users entering the wrong address and I think it’s a brilliant feature of the Bitit platform. 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 mentioned before, you are able to purchase up to €150 with an unverified account using TrustPay and cash vouchers per week.

What year will we run out of Bitcoin?

As of 2021, miners gain 6.25 Bitcoins for every new block. However, in 2024, the Bitcoin mining reward will drop to 3.125 Bitcoins per mined block. At this rate—with the Bitcoin block reward reducing after every 210,000 blocks—the last Bitcoin won't be mined until around 2140.

The company was based in the France with the headquarters located in Paris. Official Bitit registration address was 40 rue Alexandre Dumas, 75011. So for this service, we think our customers receive good value in exchange of their confidence.

Bitit has an option on the purchase page where you can enter coupon/promo codes. I currently don’t have any codes which you can use, although if I do, I will keep you posted. The minimum amount of crypto you can buy on Bitit is 20 EUR and the maximum limit varies depending on your personal account. 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.

Bitit is a regulated French company and exchange platform that operated transparently since 2015. Additional approval for higher limits involves a selfie with your credit cards , proof of residency, and a current credit card or bank statement. Currently, registering, buying or selling bitcoin is free. LBC only charges the standard network transaction tax, which is minimal. Similarly, transactions made towards the wallets of LBC users are also free. The exchange features support for BTC, ETH, BCH, BTG, DASH, LTC, XRP, XLM, OMG, MHC, TRX, BTT, ADA, NEO, GAS, BAT, ATOM, XTZ, GUSD, ONT, ONG and USDC.

Customer Support

The supported fiat payment methods are credit/debit cards (Visa & MasterCard) and bank wire transfers. After saving a wallet, return to the Buy screen to initiate a purchase. Select credit card to change the fields to reflect your choice, and enter the information required including card number, expiration date, CVV code and your full name. Bitit supports all major card networks including VISA, Mastercard, Maestro, and Amex. Using a bank account is accomplished through TrustPay and is only available for EU users.

bitit review

We are really happy with the reception our customers gave to the Bitit gift cards, and we would like to thank them for their confidence. Traditional gift cards can be redeemed into products or some kind of digital money but always in a centralized environment controlled by the gift card emitter. Users must have their own wallet addresses to buy crypto on Bitit. Their website recommends the Ledger Nano S for security, which is admittedly a great wallet used by many. Plus, we all know that storing crypto on an exchange is generally a bad idea. Researching their reviews you’ll find some negative ones as you would expect, but nothing to be too worried about.

Water Conservation Eco Option

Bitit plans to expand its supported payment methods to include direct banking and not merely TrustPay, and for verified users the maximum on wire purchases will be €30,000 weekly. Bitit is a French crypto exchange service for BTC and ETH. It is fast, simple to use, and offers convenient payment methods with cards, bank transfer, a gift voucher, and several brands of cash vouchers. Other advantages are Bitit’s scope of operations, which includes over 100 countries, and the Bitit gift card. Less attractive are the high fees that make trading on Bitit quite expensive.

What is the safest way to buy Bitcoin?

  • Investing simplicity and and high interest rates: Gemini Exchange.
  • Diversified investing needs: Robinhood.
  • Trading platform and crypto selection: Coinbase.
  • Membership ecosystem: SoFi Active Investing.
  • User-friendly trading platform: Cash App Investing.
  • Low fees: Binance.US.

The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Bitcoin withdrawals are processed via European SEPA bank transfers bitit review only. No, Bitit is a legit cryptocurrency exchange with a viable reputation in the industry. The fees and rates provided at the moment by 22 exchange websites of a “Broker” type and 15,095 other offers.

Does Bitit accept PayPal?

Varying interest rates are charged for margin borrows and futures trading. It features an all-encompassing ecosystem, and aims to increase the freedom of money worldwide, by building blockchain infrastructure. Its ecosystem token is regarded as the most successful European IEO, and can be leveraged in order to enjoy a series of benefits and discounts while utilizing Bitpanda’s main services.

For a lot of people, getting one bitcoin is still difficult, complicated and time consuming. Sarah ran away from a corporate job so she could travel the world. After doing that, she found herself a much-loved new career as a freelance blockchain technology writer. She’s authored and ghostwritten more than 250 pieces on blockchain and cryptocurrencies.

A series of other commissions and taxes are charged depending on the services and payment methods being used. For instance, the exchange offers a maker and taker fee between 0.1%-0.05%. was initially founded in 2013 for the purpose of providing cryptocurrency holders with cloud mining services.

However, Yubico Authenticator app requires a Yubico device. By buying it, you’ll be able to secure the majority of your online accounts, including Gmail. Plus, your other information provided to them is protected with the highest level of encryption.

Once released, the card will facilitate crypto-based payments to any point-of-sale devices , alongside ATM withdrawals. Future plans specify that the card will be usable worldwide, and that it will come along with convenient limits, low fees, and a transparency procedure. LBC only charges a tax for traders who create advertisements – these traders will have to pay a 1% fee on all trades completed via the ad. As a result, it’s one of the cheapest exchange platforms available at this time. Derivatives futures trading are also offered by Binance, therefore allowing users to short or long the derivatives market, with a leverage of up to 125x. Lastly, a peer-to-peer online exchange is also available, so customers can purchase coins from one another, at personalized rates.

Eco Options Category

You have near-instant credit or debit cards, enabling you to get cryptos fast and easy. The main issue with the method is that full verification needs to be accomplished in order to use it. Bitit is a web service which offers a large variety of payment methods, including fiat currencies, for those that are interested in purchasing cryptocurrencies. The service does pose a rather high fee, so you might want to weigh in your options before going ahead with this service.

Fees depend based on the cryptocurrency being purchased or sold, but also on the users’ preferred payment methods. According to the exchange, commissions as low as 1% are attained through integration with several OTC brokers. To make a cryptocurrency purchase, users must create an account and go through with the KYC procedure, for identity verification. Afterward, crypto can be purchased or sold via the available payment methods.

Bitit Review: Pros & Cons Uncovered

Simplest, most straightforward purchase process with reasonable fees. I have bought cyrpto from many different merchants, and this so far has been the best experience. I was verified within minutes and had my purchase completed successfully and in my wallet only seconds after completing the transaction. What’s even better is that I was able to purchase my altcoin of choice rather than have to buy BTC first and then pay an exchange fee. Exchange gift cards to cash money instantly, Turn your unwanted… They sold them pre-configured scam wallets which they controlled.

Parisian startup incubator TheFamily seems to agree with Bitit, accepting the gift card startup as its first Bitcoin project. 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. Limits in Bitit aren’t the best either, with a limit of 500 euros online purchase and 10,000 cash purchase. You can however request an increase on your limits to Bitit. Bitit ReviewsBitit ReviewsTo be honest, I wasn’t surprised when I saw how good these reviews were, I really enjoyed using Bitit too, it’s exactly what you want as a crypto exchange.

bitit review

In the near future, they plan on adding other coins like LTC, XMR, and XRP. The exchange is open for international registrations with numerous deposit options that support 7 fiat currencies. Bitit offers simple, fast, and secure cryptocurrency purchases. Overall, the Bitit cryptocurrency exchange is an excellent option for user looking to buy a variety of cryptocurrencies in a simple, fast, and easy manner using fiat currency. The exchange platform is intuitively designed but lacks advanced features.

Bitit is yet to develop a mobile app as an additional trading platform. Although you can open up the exchange’s website on your phone, there is no downloadable program in Google Play or Apple Store. Your cryptocurrency will be delivered to you in minutes. Buy from one of Bitit partners and have the gift card sent to you by post or email. Those who wish to learn more about the platform can access the Bitpanda Academy, which contains the most relevant information concerning Bitcoin, the blockchain network, and other cryptocurrencies.

Binance is commonly referred to as one of the world’s leading cryptocurrency exchanges, thanks to its $1.2 billion average daily trading volume, 1.4 million transactions per second, and millions of users. Some of the other features include Bitpanda to Go, which allows the usage and purchase of prepaid cryptocurrency, which can be used at 400 branches and 1,350 post partners in Austria. The Plus service provides serious investors with higher limits and an exclusive service. Lastly, the affiliate program allows customers to earn up to 20% commission for each user referred to the platform.

  • Bank transfers do not require you to provide scanned ID and a selfie of you holding the document.
  • That’s a common issue that has nothing to do with Bitit.
  • They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure.
  • Simplest, most straightforward purchase process with reasonable fees.

So far, Bitpanda has not dealt with any personal information leaks or stolen/lost funds. Accordingly, it is commonly accepted as a safe cryptocurrency exchange platform. The platform has heavily-invested into ensuring a proper user experience amongst its array of services. Those who are solely interested in the exchange will be happy to know that it is easy to navigate through the available trading pairs, whereas deposits and withdrawals are made within a few clicks.

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