Complete Bitit Overview for Newcomers

BitIt BitIt, originating from Paris, France, is a cryptocurrency exchange platform enabling users to purchase top cryptocurrencies using their preferred local currency and payment method, including Debit and Credit Cards. Recently spotlighted in our assortment, we decided to delve deeper into what this exchange offers. Alternatives to Coinbase Navigating BitIt is straightforward: sign up, complete your profile to raise purchasing limits, and familiarize yourself with the platform's user-friendly interface.

How BitIt Paves the Way for Local Crypto Purchases

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Who Is Behind BitIt?

BitIt is backed by The Family (a European entrepreneur support group), the Luxembourg House of Financial Technology, and EY (a global consultancy firm).

Real-time purchasing on BitIt is facilitated by direct transactions, mitigating exposure to market volatility. Secure payments uphold the highest privacy and regulatory standards, as they are conducted under French jurisdiction.

BitIt Features

Globally accessible, BitIt facilitates cryptocurrency acquisitions even in the most distant locales. Users can transact in local currency, benefiting from substantial liquidity and transaction limits. Blending exchange and marketplace advantages, BitIt offers a user-friendly e-commerce experience tailored for swift cryptocurrency purchases.

BitIt stands out due to its acceptance of numerous payment options rarely seen on other crypto exchanges. Supported methods include credit cards, e-wallets, wire transfers, and even cash, through partners like Maestro, Mastercard, Visa, TrustPay, CashLib, and Neosurf.

Bitit Payment Methods

Purchasing digital currency on BitIt is straightforward, catering particularly to those testing the crypto waters without confronting the complexities often associated with platforms that are confusing to first-timers. Cryptocurrency acquisition is as simple as clicking the 'Buy' button at the site's top and selecting your desired coin.

How to Buy on Bitit

Select your payment method from an available list, input your amount and wallet address, and proceed with the transaction. for beginners In the site's wallet section, users can add wallet addresses for various cryptocurrencies created off-site. With no funds stored in BitIt, purchased cryptocurrencies are transferred directly to the specified addresses, reducing the exchange’s vulnerability to hacking or issues linked to maintaining customer hot wallets. advanced exchanges BitIt users can buy cryptocurrency through its marketplace or locally. By choosing 'Buy near you,' users can find stores offering BitIt Gift Cards, CashLib, and Neosurf. Purchase a voucher in-store using your payment method of choice, including cash, log into BitIt, enter the voucher code, and claim your cryptocurrency, with delivery typically in minutes.

Want to gift cryptocurrency or avoid specific payment methods? Opt for a BitIt Gift Card. Sold through partners like The Good Gift, Avangarde, and Ma Carte Cadeau, these can be delivered via email or traditional mail. Redeem gift cards at BitIt to convert them into your cryptocurrency of choice, like BTC, ETH, LTC, XRP, ETC, BCH, DASH, and CVC. Your chosen digital currency reaches you just minutes after redeeming your gift card.

Bitit Wallets

BitIt is broadening gift card availability; merchants can reach out to include this option. As this service expands, cash-based cryptocurrency purchases will only become more accessible.

Established in Paris by three friends in 2015, BitIt was created with the vision of providing cryptocurrency access worldwide, regardless of remote location. They developed a straightforward platform aimed at facilitating financial security and management for users. The founding trio includes Nicolas Katan as CEO, Ugo Mare as CTO, and Simon Potier as CIO.

BitIt is committed to transparency with its fee structure. With costs as low as 2.5%, more of your money is invested into your digital currency acquisition. TrustPay transactions incur a 3% fee, credit cards a 6.9% fee, Neosurf, or Cashlib transactions between 5.9% and 11.9%. Be mindful of potential additional fees from stores or foreign exchange transactions.

What Are BitIt Gift Cards?

Though BitIt's fees may surpass other exchanges, users benefit from simplicity and diverse payment options, including debit/credit cards.

Without verification, your Bitcoin purchase cap is 150 Euros; account verification is necessary for credit card transactions. Verified accounts can increase limits to 700 Euros weekly with credit cards or 2,500 Euros with other methods. Required for these limits are a notarized ID copy, a selfie holding your ID and a dated paper with 'BitIt,' further limit discussions necessitate more documentation.

BitIt Fees

Need help? BitIt offers 24/7 dedicated support, with an account management team ready to address user inquiries. The extensive FAQ section, organized by categories, offers detailed answers to frequent queries.

Online feedback for BitIt is positive, boasting a 'Great' rating on TrustPilot from 24 reviews. Customers particularly highlight the platform's ease of use and customer support.

What Limits Does BitIt Have?

At first glance, BitIt may seem like just another exchange, but its marketplace-style features make it unique. This French venture allows multiple cryptocurrencies purchases using credit cards, bank transfers, or even cash through vouchers, alongside offering gift cards as a viable cash-to-crypto option. Although the current crypto selection and fees may pose limitations, BitIt is actively expanding its offerings.

BitIt’s Customer Support

Considering cryptocurrency's complexities and the desire for a straightforward platform, BitIt offers an ideal solution for newbies to seamlessly and securely purchase coins, cherishing a user-friendly interface, while being prepared for a slightly higher fee for ease.

Editor-in-Chief of Blockonomi and creator of Kooc Media, a UK-based digital media company, is a firm believer in open-source software, blockchain technology, and a universally accessible internet.

Conclusion

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