It’s still fairly small, granted that it only reached 150,000 users in December 2018. EO.Finance is very straight-forward – some would bitit review even argue that it is too simplistic. It does not offer any advanced trading features, as it was designed to get the basic job done.

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. Fiat-to-crypto, crypto-to-fiat and crypto-to-crypto exchanges entail a 0.2% fee.

Again the Bitit gift cards are not for the traders who are extremely well educated. As an example for a 25€ Bitit eGift card he will have to pay 25.98€. With a credit card, Bitit limits exchanges to a maximum value of €1500 (around $1700) per week. Using the payment voucher or gift card options, this goes up to $2500 per week.

  • In this section, I will delve into the different regulations and safety measures Bitit has in place.
  • CryptoGames is a premier online crypto casino that offers players a wide variety of exciting and entertaining games.
  • As part of our review, we navigated throughout the platform and found that it can be quite cluttered at times, especially when trading, due to its numerous tools and services.
  • Thus, to engage in a trade, users must simply create an account and follow through with the KYC procedure.
  • Debit/credit card transactions entail an additional 5% processing fee.

AlfaCashier had launched the service May 2012Bitit started the project March 2016 . 100monet had launched the service December 2014Bitit started the project March 2016 . NOBODY. There were a few crappy websites that you wouldn’t want to get close to even by tapping on your keyboard with a wooden stick . We lowered the bitit-it.com review score as we found several websites on the same server with a low trust score. Online scammers have a tendency to set-up multiple malicious websites on one server, sometimes more than hundreds.

A novelty of this exchange is the ability to use cash vouchers provided by Cashlib and Neosurf. Thus, to engage in a trade, users must simply create an account and follow through with the KYC procedure. Afterward, deposits can be made via one of the preferred payment methods. Once there is money deposited into the account, fiat can be converted into any of the supported cryptocurrencies and vice-versa. Thus, the platform aims to create an all-inclusive ecosystem that contains most digital crypto-related services.

They let me buy crypto with my card…

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. 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 to buy and purchase method .

We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website. Coinzilla Display Network Top crypto & finance advertising network.A-ADS Crypto Ad Network The first crypto ad network on the market. Support comes in the form of a “Help” window for all inquiries that involve account issues, but they do not have any live chat/phone support to contact if an immediate intervention is needed. TemplateMonster is a marketplace where you can buy everything you need to create a website.

The company believes that their gift cards are a way to smooth the learning curve involved in using bitcoin without an intermediary. On the consumer end, there are no wallets involved or keys to remember, all they do is sign up for a Bitit account and receive a euro-denominated gift card funded with bitcoin. Bitit provides their customers with exceptional customer support via a variety of methods. For instance, users can contact support via email, live chat and telephone 24 hours a day, 7 days a week. Additionally, users can browse the websites extensive help center and FAQ pages for loads of informative and very helpful information regarding Bitit’s services and cryptocurrencies. Also, users can further reach out to Bitit through their social media channels including Facebook and Twitter.

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. Verify your account with scanned ID and a selfie to increase limits or enable additional payment options . CryptoGames is a premier online crypto casino that offers players a wide variety of exciting and entertaining games. BitIt is a Paris- based business founded by three friends in 2015. Their goal was to make cryptocurrencies accessible to anyone, regardless of their geographical location.

bitit review

All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Lastly, the CEX broker feature allows digital assets margin trading via Contracts for Difference . Benefits include exposure management, and all-inclusive access to spot markets and CFDs. Bitcoin24exchange had launched the service September 2017Bitit started the project March 2016 .

Bitit Review

To purchase BTC, users must create an account and complete the mandatory verification. Then, they can scour through current posts to see BTC sale offers posted by other users. Once a suitable offer has been found, a trade request must be initiated with the user in question. If approved, a plethora of payment options can be used to transfer the funds to the BTC seller.

bitit review

Bitcoin withdrawals are processed via European SEPA bank transfers only. While the hardcore Bitcoiners among us would argue that a gift card doesn’t constitute “really” using bitcoin, Bitit believes that their product is a good way for people to at least get started. Parisian startup incubator TheFamily https://forex-reviews.org/ seems to agree with Bitit, accepting the gift card startup as its first Bitcoin project. The fees and rates provided at the moment by 22 exchange websites of a “Broker” type and 13,871 other offers. Bitit is definitely easy to use and offers a wide array of financial assets for traders.

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If you got scammed on this website, it is best to act quickly to get your money back. By this stage, most seasoned crypto enthusiasts are probably scratching their heads and wondering “But what’s the point then? ” What’s important to understand is that Bitit is not marketing itself towards the seasoned crypto enthusiast. 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.

bitit review

So far, it has amassed 1 million users and over 160 team members, while processing millions of dollars in transactions. It features a PSD2 payment provider license, alongside a great security protocol, and streamlined user experience. The following exchanges are regarded as some of Coinbase’s main competitors, thanks to their features, fee policies, supported coins, payment methods, user safety, and asset security. We look at their services based level of trust, cryptocurrencies options, ways to deposit your cash, fees charged & user experience. Bitit is a new Bitcoin gift card company that wants to make it easier for Europeans to buy bitcoins.

SSL Secured

An almost instant buy service is available for BTC, BNB, BCH, DASH, EOS, ETH, LTC, NANO, XRP, BUSD, PAX, and TUSD. In terms of trading, all pairs of interest are to be found on Binance. It features an all-encompassing ecosystem, and aims to increase the freedom of money worldwide, by building blockchain infrastructure.

Soon enough, EO.Finance will finalize the development of its crypto-based debit card. 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. However, scams still happen, therefore all traders must do their due diligence in order to verify the good-will of their trading partners. Consequently, LBC is considerably less safe when compared to traditional exchange platforms, yet much cheaper and usually much faster. Users will need to find a suitable BTC buyer, and place the coins into escrow.

Bitit Withdrawal fees

Credit/Debit Card€1,500Cash Vouchers€2,500SEPA (E-Wallet)€15,000You can increase these limits considerably by purchasing more cryptocurrency with bank cards. To learn more about increasing your limits on Bitit, check out this guide. From your main dashboard, you can track the prices of cryptocurrencies using Bitit’s native charts. These charts are very clean and provide users with an easy way to keep tabs on what has been happening with the prices of coins. Bitit does not explicitly prohibit US-investors from trading on its exchange.

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. Many of these countries have the ability to use their own domestic currencies through credit cards, bank transfers and cash vouchers. 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.