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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

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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.

The only service offered is buying and selling different cryptocurrencies. Never forget to check the trading fees and withdrawal fees of an exchange you are interested in trading at. There are more than one cryptocurrency exchange in the land of wine, baguettes and romance, but not incredibly many as in United Kingdom or USA. To find a reliable exchange where you can start an account, just use our Exchange Filters and we’ll help you find the right platform for you. Bitit does not explicitly prohibit US-investors from trading on its exchange. \nBitit does not explicitly prohibit US-investors from trading on its exchange.

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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.

Argentina’s Central Bank Moves Toward Legal Crypto Banking

While crypto exchanges such as Binance are often targeted towards traders, Bitit is very clearly targeting itself towards crypto novices. Less attractive are the high fees that make trading on Bitit quite expensive. Other advantages are Bitit’s scope of operations, which includes over 100 countries, and the Bitit gift card.

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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 bitit review 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.

• You can then use that to make your cryptocurrency purchases, taking advantage of the lower fees and higher purchase limits.
• By this stage, most seasoned crypto enthusiasts are probably scratching their heads and wondering “But what’s the point then?
• Anyway, let’s put all this aside for a moment and imagine you’re our hypothetical crypto noob.
• Bitit offers simple, fast, and secure cryptocurrency purchases.
• Your go-to source for detailed reviews and comparisons of digital products and services.

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Bitit charges a hefty 6.9% fee on all credit card purchases. While our Granny example may be far-fetched, Bitit does state that it is working to open cryptocurrency up to users in developing countries. 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. Once you get your head around this idea of targeting the mainstream for an entry point to crypto, then it makes more sense that Bitit doesn’t offer full exchange services. It doesn’t offer a crypto-to-crypto service, and you cannot use it to sell your cryptocurrency. Bitit is just a fiat-to-crypto service that allows you to buy crypto and deposit the funds in your own wallet.

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 .

• 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…
• This goal is laudable, however, users need that external wallet setup regardless of where they are.
• Their website recommends the Ledger Nano S for security, which is admittedly a great wallet used by many.
• Easy verfication 3d payments with debit cards high starting limits as well which is great thanks a lot!

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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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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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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

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, 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.

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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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.

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.

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.

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.