Bitit Buy Bitcoin Gift Cards and Earn Rewards Points

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. After complete account verification users may buy Bitcoin up to 500€ per week by credit card. At least with our UK registered account, we could only choose to pay either by credit card, with payment vouchers Neosurf or Cashlib, or with a Bitit gift card.

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. 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. 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. 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. While crypto exchanges such as Binance are often targeted towards traders, Bitit is very clearly targeting itself towards crypto novices.

Software Expands Blockchain Consulting Services to Help Businesses Navigate Web3 Adoption

If you use the payment voucher service, it can go up to an eye-watering 11.9%. Which is just as well, because you’re about to pay the price for the comfortable ride you’ve been enjoying so far (wallet setup proficiency notwithstanding). It may take a few days for the verification process to complete. Then confirm your account using the email that Bitit sends to you. You’ve gone onto the Bitit website for a first look and realized you need a wallet.

• Bitit charges a hefty 6.9% fee on all credit card purchases.
• Less attractive are the high fees that make trading on Bitit quite expensive.
• The company was founded in 2015 by Nicolas Katan, Co-Founder, CEO; Ugo Mare, Co-Founder, CTO; and Simon Potier, Co-Founder, CIO.
• #FeesAll applicable fees are listed on Bitit Pricing page
• There are enough options available for occasional traders, but not for professionals.
• She’s authored and ghostwritten more than 250 pieces on blockchain and cryptocurrencies.

Bitit – Buy Bitcoin Gift Cards and Earn Rewards Points

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. In this Bitit review, we look at the features and give you our overall verdict of the Bitit platform. These issues forced us to make the difficult decision to close the company down, effective today, April 15, 2021.And so now we are all moving on to new adventures. We’ve always been a small company that relied on agility and responsiveness, and we simply don’t have the resources to survive what became an extended period of uncertainty.

It is fast, simple to use, and offers convenient payment methods with cards, bank transfer, a gift voucher, and several brands of cash vouchers. Bitit is a cryptocurrency exchange based in France that provides users with trading opportunities for Bitcoin and Ethereum. You can then use that to make your cryptocurrency purchases, taking advantage of the lower fees and higher purchase limits. You’ve probably worked out by now that your best option is to use your credit card to buy a Bitit gift token. Using the payment voucher or gift card options, this goes up to $2500 per week.

Cryptorino Review: No KYC Crypto Casino With 100% Bonus & 50 Free Spins, Is it Legit?

• We didn’t raise big amounts of money, we just stayed resilient and tried to nurture the company each day.We fought to build a product that worked for you, with no compromises.
• Their website recommends the Ledger Nano S for security, which is admittedly a great wallet used by many.
• Bitit partners with a Level 1 PCI service provider, maintains bank level security, is regularly audited and tested, and provides ongoing training to all staff.
• It’s easy, especially for a now-experienced, wallet setter-upper like you.
• Because no platform in 2014 provided an easy way to buy Bitcoin.

Anyway, let’s put all this aside for a moment and imagine you’re our hypothetical crypto noob. To this end, Bitit aims to make itself as easy to use as possible. ” What’s important to understand is that Bitit is not marketing itself towards the seasoned crypto enthusiast.

Bitit Exchange Review Is It Right for You?

There is no verification needed for the first 25€ BTC purchase, but for larger sums, users must provide ID verification. The exchange is open for international registrations with numerous deposit options that support 7 fiat currencies. 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. 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. 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.

Users can buy up to 25€ of Bitcoin by credit card without paperwork, only by filling their Profile. They offer EV SSL certification for the web page, two-factor authentication, and strict verification procedures, and they do not store account passwords or card numbers. Bitit offers simple, fast, and secure cryptocurrency purchases. Bitit complies with the Payment Card Industry Data Security Standard, meaning your credit card details are safe on the Bitit website. While our Granny example may be far-fetched, Bitit does state that it is working to open cryptocurrency up to users in developing countries. All European and Canadian residents may buy bitcoin by cash with Neosurf

Get hand selected news & info from our Crypto Experts so you can make educated, informed decisions that directly affect your crypto profits! She’s authored and ghostwritten more than 250 pieces on blockchain and cryptocurrencies. In general, reviews from users of Bitit tend to be fairly positive.

Buy Bitcoin with Visa, MasterCard, Cash, and more options. #FeesAll applicable fees are listed on Bitit Pricing page Users must provide full identity verification, including a selfie and picture of an ID. Less attractive are the high fees that make trading on Bitit quite expensive.

Verification

The service aims to make it easy for anyone to buy cryptocurrencies using a credit card or various other payment methods. Bitit is a simple tool that allows you to buy, offer, and receive Bitcoins using credit cards or cash, plus you can earn rewards points on all of your purchases toward free Bitcoins. 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. As you’re storing your crypto purchases in your own wallet, the security of your coins depends on the security of your wallet, not of the Bitit exchange. By credit card or by cash in more than 100K+ Local stores choose your most convenient way to buy Bitcoin.

What is PrimeXBT? A Guide on the Crypto Derivatives Exchange

To actually buy any crypto, you’ll need to undergo the verification process. It’s easy, especially for a now-experienced, wallet setter-upper like you. This goal is laudable, however, users need that external wallet setup regardless of where they are. 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.

Tether Invests $8 Million in Bitcoin Lightning Network Payment Startup Speed

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.

The company was founded in 2015 by Nicolas Katan, Co-Founder, CEO; Ugo Mare, Co-Founder, CTO; and Simon Potier, Co-Founder, CIO. The Bitit exchange is registered under the name Bitit SAS and incorporated in Paris, France. Bitit partners with a Level 1 PCI service provider, maintains bank level security, is regularly audited and tested, and provides ongoing training to all staff. There are enough options available for occasional traders, bitit review but not for professionals. To get started, users have to fill in a simple form and that’s it. The Bitit platform shows a price chart and order history and is intuitive to use, but it is not a proper trading platform.

Solana ETF Launch Nears as Invesco Galaxy Completes SEC Filing

With a credit card, Bitit limits exchanges to a maximum value of €1500 (around $1700) per week. Bitit charges a hefty 6.9% fee on all credit card purchases. You’ve nailed setting one up for yourself, and now you’re there, clutching your new wallet address, ready to make your first foray into cryptocurrency using the Bitit platform. 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.

Review these top cryptocurrency promotions to earn extra sign-up bonuses for opening new crypto wallets and digital currency accounts. Check out Bitit to buy Bitcoins online by credit card or with cash at over 100,000 local stores. Bitit is the fastest way to buy Bitcoins online by credit card or by cash in more than 100,000 retail stores. Check out Bitit to buy Bitcoins online by credit card or with cash at local retailers while earning rewards points toward free Bitcoin. They offer a Bitit gift card paired in Euros which can be redeemed for Bitcoin, but on the downside, fees can get as high as 11.9% for cash vouchers.

Root