The Complete Beginners Guide to BitIt Review 2019 Is it Safe?

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bitit review

Moreover, on 20 November 2019, Bitit started accepting Skrill-transfers. Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site.

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Bitit is getting some positive reviews from the users and customers as the exchange is providing some good features like a safe and secure cryptocurrency exchange. The trust level of the exchange is average based on the views of customers. As no major issues are identified in this crypto exchange, then the users should feel safe to use this exchange. Here at users are unable to sell their crypto but only purchase it from them. If we take it into a technical perspective, this is simply a website that provides exchange services for your Fiat currency.

Beginner’s Guide to Bitit: Complete Review

After verifying, you’ll be able to add a credit card or European bank account to Bitit and to purchase cryptocurrency. You can do so by clicking on the Buy tab on the top of the website, where the full range of cryptocurrencies will be revealed for purchase. Before buying, however, it’s important to add the cryptocurrency wallet you want to receive your coins. Bitit does not have wallets of its own but can send coins bought on its platform to whatever wallet you save in your profile. Adding a wallet is as simple as clicking on Wallets, then pasting the wallet address into the field displayed and clicking Save Wallet Address.

bitit review

Other payment methods such as cash vouchers or Bitit gift cards mean a higher limit of €2,500. 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. 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. However, Bitit markets themselves towards mainstream beginner users and provides them with a seamless buying experience. The fees imposed on users are very reasonable and the number of cryptocurrency assets offered is quite impressive.

Bitit Q&A

The robot will instantly execute your trades, so you can benefit from price fluctuations as they happen. An automatic trading bot can process many trades in a fraction of the time it would take a human trader. BitQT App is a proven legitimate platform that is fully regulated and licensed. 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. Being an international crypto-exchange, the Bitit exchange is currently supporting almost 50 countries all over the world and includes the customers and users from all around the world. The important countries which are on the supported list of Bitit are United States, Canada, Australia, Europe, and Oceania.

The Bitit exchange platform was basically founded by three friends Nicolas Katan, Ugo Mare, and Simon Potier in the year 2015. The main purpose behind the development of Bitit exchange was to deliver the users an easy access to buy and sell cryptocurrency exchange. This exchange platform is available around the world, delivering cryptocurrency to the “remotest places.” No matter where you are, you can pay in local currency and will be able to enjoy high liquidity and limits. BitIt is a “one-stop shop” since it combines the advantages of a cryptocurrency exchange with those of a marketplace. When I signed up for my Bitit account, I found the verification process hassle-free and simple.

Cryptos (

The rest of this BitQT review will touch on other aspects that add to the legitimacy of this product. If you’re pressed for time and want a quick overview of the advantages and disadvantages of the BitQT platform, have a look at the table below. BitQT has proven to be a trustworthy trading tool because your personal information is kept safe with an SSL certificate. In addition to this, BitQT works with CySEC-licensed brokers to ensure all your trading is done legally. BitQT proves to be beginner-friendly and it is easy for anyone to sign-up on the BitQT website to begin crypto trading.

  • 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.
  • Was a pain trying to purchase bitcoins but after 2 hours of being on phone with my bank and visa I finally got it through.
  • Transacting with a credit card is simply the most convenient way to get your hands on crypto!
  • The Fees aren’t the greatest when compared to other types of exchanges, but you are paying here for ease of use and ability to purchase using Debit / Credit cards and the wide array of other payment options.
  • These vouchers are apparently available in more than 150,000 stores across the world.

The only problem here is that they provide services for a very high fee; this can be countered though by their features and payment accessibility. Generally, the website is awesome and we encourage you guys to create an account with them and see for yourself on how easy it is to purchase BTC/crypto from them. 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. Users need to register their profile in order to unlock higher buying limits of up to 2500€/week.

EU Agreement Seeks Crypto-Specific Regulations to Safeguard Traditional Financial System

The Bitit exchange is registered under the name Bitit SAS and incorporated in Paris, France. Bitit does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still do their own independent analysis of any problems arising from their residency or citizenship. 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.

bitit review

Your responsibility starts with the choice of a suitable wallet and extends to the proper documentation and safekeeping of important data. Bitit does not charge any fees for the registration of an account or the maintenance of your profile. However, fees may be charged by your financial service provider (e.g. your bank). BitIt is working to expand the availability of the gift cards, so merchants can contact the team to begin offering this service. As gift card support expands, BitIt will become even more useful, making it simple to buy your favorite cryptocurrency with cash. In addition to the ability to purchase cryptocurrency via the BitIt marketplace, users can also take advantage of the platform to buy it locally.

Therefore, as you probably guessed, you have to complete verification on Bitit. Below you wind some information about the verification process on Bitit. It’s an exchange we recently featured in our Alternatives to Coinbase collection so we thought we’d take a closer look at this exchange. 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.

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