Apart from Bitit, there are other exchanges offering similar services and payment methods that you should be aware of. These platforms differ in terms of fees, payment options and verification requirements. Thus, we made a short comparative analysis of LocalBitcoins and Coinbase, benchmarking Bitit in terms of before-mentioned important trade indicators.
All you have to do is to provide the code of your wallet and wait for the coins to reach your external crypto balance once the transfer has been confirmed. The platform went through major changes in design at the end of 2017, creating a new environment for traders to buy and sell coins. These changes, in our own opinion, are refreshing, providing more transparent purchase process, showing off fees and making it easier to get coins.
Transaction Speed
We also provide step-by-step guides on how to buy and withdraw your coins. Paxful is similar to LocalBitcoins to the point where we can safely call them direct rivals in the cryptocurrency market. It provides numerous payment methods for its clients to use for a low fee.
Customer Support
They are based in Paris, France and they give us support in order to anticipate and manage our growth. They made a good choice, as we are the first Bitcoin startup hosted at TheFamily. At Bitit we strive to make the buying of Bitcoin as easy as possible. If you have any questions, feel free to visit our Help Center or contact us via our contact form.
- The company is yet to announce any plans for including the option in future.
- Bitit’s prepaid solution aims to remove all the obstacles and simplify access to Bitcoins for all.
- Whereas Bitit allows you to buy small amounts of bitcoins with an unverified account, Coinbase demands full identity check prior to the trade.
- Though some experts are not sure that Bitcoin gift cards are sufficient for the long term.
How to Withdraw My Bitcoins?
Buying with a credit card and one email address in order to get your bitcoin in less than 10 minutes. Bitit is a new Bitcoin gift card company that wants to make it easier for Europeans to buy bitcoins. 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.
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If your friend reaches the 100 Euros threshold equivalent, you automatically receive a Bit-It booster that allows you to receive extra coins on your future purchases. After complete account verification users may buy Bitcoin up to 500€ per week by credit card. Users must provide full identity verification, including a selfie and picture of an ID. Bitit exchange can be considered as a somewhat expensive platform when it comes to purchasing fees.
Bitit.io: Simplifying Crypto-Currency
- Many Bitcoin gift card services are already available such as Gyft, BitGreet, etc.
- At Bitit, bitcoins are transferred directly to your wallet address when buying them.
- Depending on the method used, you can get BTC from 10 minutes to a week.
- There are enough options available for occasional traders, but not for professionals.
- Read our article about the exchange as we go over its trade specifics, bitcoin exchange rate and fees while constructing company’s advantages and disadvantages.
Most of the other platforms charge up 1.99% at most, with many offering the service for free even. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. Technology-Innovators.com is part of the TIM Group LLC network of sites, registered in the U.S. and other countries.
Check out Bitit to buy Bitcoins online by credit card or with cash at local retailers while earning rewards points toward free Bitcoin. The Bitit exchange is registered under the name Bitit SAS and incorporated in Paris, France. The company was founded in 2015 by Nicolas Katan, Co-Founder, CEO; Ugo Mare, Co-Founder, CTO; and Simon Potier, Co-Founder, CIO.
Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. So for this service, we think our customers receive good value in exchange of their confidence. Let’s be clear, our service is for the people who don’t know or have no time to learn how to use bitcoin by themselves.
While many stocks have seen a decline, Cryptocurrency remains strong. It 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.
Depending bitit review on the method used, you can get BTC from 10 minutes to a week. Credit cards are the fastest available channel, as the transaction takes up to 20 minutes to be conducted. You wait for about 5 minutes for the transfer to be confirmed and additional 10 to 15 minutes for coins to reach your specified wallet. Bitit is a regulated French company and exchange platform that operated transparently since 2015. The information is transparent and stored on every data point in the network. The identity of users is secure with access to authorized personnel.
The COVID-19 pandemic has made the future of many sectors uncertain. Katan and his team at Bitit are positive that cryptocurrency will only become stronger in the future and hope to simplify the use of crypto-currency globally. Review these top cryptocurrency promotions to earn extra sign-up bonuses for opening new crypto wallets and digital currency accounts.
