Currently, there is no live chat available for you to use if you face issues at hand. This slows down the trade, especially if the said issue concerns buying process. Cash vouchers, although completely private, are the most costly channel of purchase at Bitit, as you pay up to 11.9%, depending on the voucher. Due to strict anti-money laundering policies, only verified users… Whereas traders buy BTC from Bitit directly, in LocalBitcoins…
How to Withdraw My Bitcoins?
Technology Innovators may receive compensation for certain links to products and services on this website. The Cryptocurrency Superboom 2020 by Weiss Ratings is part of Weiss Ratings Crypto Investor membership research service where bitcoin, blockchain… TrustPay is perhaps the slowest of the three, as you need to wait for 2 to 5 business days for the transaction to take place. Cash vouchers can be either fast or slow, depending on how close the store nearest to you is.
Bitit – Buy Bitcoin Gift Cards and Earn Rewards Points
Bitit is a cryptocurrency exchange based in France that provides users with trading opportunities for Bitcoin and Ethereum. 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. Our mission is to educate them without exposing them to any risk. With one valid credit card and some basically informations a customer gets his bitcoins in less than 10 minutes on his wallet.
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The platform has many functions and features to offer for traders. Thus, we review its payment ways, service availability, fee structure, security and privacy. The Bitit platform shows a price chart and order history and is intuitive to use, but it is not a proper trading platform.
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As for the payment limits, with an unverified account, you can buy up to €150 using TrustPay and cash vouchers on weekly basis. With a verified account, you earn the right to increase limits up to €700 for credit cards and €2.500 for TrustPay and vouchers per week. Apart from credit cards, you also have TrustPay bank transfers if you are looking for lower fees. These transfers are a lot slower than credit cards, as they may take between 2 to 5 business days to complete. Bank transfers do not require you to provide scanned ID and a selfie of you holding the document. Katan believes in living a simple life and applies the same to his work environment.
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Thus we maintain the exact card value until the consumer activates his gift card to receive his bitcoins. Bit-It is a digital platform that enables users to conduct instant, easy, and secure cryptocurrency purchases. Users can buy Bitcoin, Ethereum, and other leading cryptocurrencies using their local currency and preferred payment method. Users can get all their favorite coins in one place and buy them in a snap.
Buying bitcoins remains a hassle for a large majority.
- Bitit makes Bitcoin available through prepaid vouchers and gift cards, by credit card and also by cash.
- “In a world where we now talk about borrowing and spending in the trillions of dollars, crypto-assets can be a great addition to the portfolio,” says Katan.
- Forbes France featured them in their magazine as one of the best platforms to buy bitcoin, Ethereum, and Ripple.
- It is one of the safest forms of investment in COVID -19 times.
- Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
Of course we are considering international expansion in Europe but also other continents. We have received requests from physical point of sales that would like to sell physical Bitit gift cards. Some people don’t know where to even start with buying Bitcoin. The cryptocurrency elicits curiosity, but only a few know how to buy and use it. The little details, such as exchange rates, how to open a bitcoin wallet, understanding bitcoin addresses and private keys. At Bitit, bitcoins are transferred directly to your wallet address when buying them.
- Of course we are considering international expansion in Europe but also other continents.
- By credit card or by cash in more than 100K+ Local stores choose your most convenient way to buy Bitcoin.
- Currently, there is no live chat available for you to use if you face issues at hand.
- The physical gift card works on the same principle as the digital gift card.
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While many stocks have seen a decline, Cryptocurrency remains strong. It bitit review is one of the safest forms of investment in COVID -19 times. “In a world where we now talk about borrowing and spending in the trillions of dollars, crypto-assets can be a great addition to the portfolio,” says Katan. You will earn 100 points every time that your referral completes a purchase on Bitit after signing up via your referral link.
Bitit’s prepaid solution aims to remove all the obstacles and simplify access to Bitcoins for all. Whether it is purchased for now or for later, your card value will remain stable until the cardholder activates it to receive his Bitcoins on the Bitit platform. This feature makes the Bitit card different from other gift card solutions. 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. In this quick guide, we go over one of the oldest players in the cryptocurrency industry called Bitit.
Anybody in the world can use Bitit to buy Bitcoin instantly online with a credit card either for yourself or to send to someone else. We received testimonies from customers telling how much they were happy not having to call their banks, initiate a wire transfer and wait for 2-3 days. Parisian startup incubator TheFamily seems to agree with Bitit, accepting the gift card startup as its first Bitcoin project. The only setback of Bitit is that it is only for Euros right now. However, overall, the Bitit gift card service is worth looking into if one needs Bitcoin quickly., but not a long-term solution.
Though some experts are not sure that Bitcoin gift cards are sufficient for the long term. The main difference between Bitit and LocalBitcoins is that latter exchange is peer-to-peer (P2P) based, as traders buy and sell coins between each other. The platform offers only bitcoins through various payment methods (over 50 of them). The fees, no matter what purchase option is chosen, stands at 1%.