Bitit Review 2018

BititReview

Bitit is an international cryptocurrency exchange based out of Paris, France. Currently, users of Bitit can purchase both Bitcoin and Ethereum on the exchange through a number of payment methods. While users can buy these cryptocurrencies on Bitit, they can not sell or trade them on the Bitit exchange. For this reason, the Bitit exchange is not as popular as the exchanges which allow users to sell and bid on cryptocurrencies. Bitit is an ideal exchange for someone who is looking for an easy to use cryptocurrency exchange to buy either Bitcoin or Ethereum. The Bitit website is beautifully designed and very easy to follow. New users of Bitit can get signed up in as little as a few minutes. This is a very attractive benefit for someone who wants to buy Bitcoin or Ethereum fast and conveniently.

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Deposit and Withdrawal Options

When it comes to payment options for buying cryptocurrencies on exchanges, they are generally very limited. However, with Bitit, this is not the case. Bitit excels at providing their users with an abundance of payment options for purchasing both Bitcoin and Ethereum.

See the following deposit options available for Bitit customers.

3D Secure Credit Cards- Visa, Mastercard, Maestro, American Express, Discover, China Union Pay

Prepaid Cash Vouchers- Neosurf, Cashlib vouchers, Flexepin

Bank Transfer- Trustpay,

E-Wallets- Epay

As for withdrawal options, Bitit customers can only withdraw Bitcoin or Ethereum as users cannot sell their cryptocurrency on Bitit. Upon buying the cryptocurrency, you send it directly to your personal cryptocurrency wallet via your personal Bitcoin or Ethereum address.

Supported Countries

Bitit is an international cryptocurrency exchange who accepts customers from around the world. They currently accept residents from more than 50 countries including the United States, Canada, Australia, Europe, and Oceania. While Bitit accepts people from all these countries, their primary focus is on European customers as they primarily deal in the Euro, but also accept US dollars as well.

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Fees and Charges

The fees charged by Bitit Depend on the payment method used to purchase your cryptocurrency. However, no matter which option you choose they seem quite high compared to many other cryptocurrency brokers/exchanges. The lowest fees one can achieve is through direct banking with Trustpay at only 3%. The next lowest fees are by paying with credit card, offering fees of 6.9%, which is very high in our opinion. The most expensive buying option is with cash vouchers, where fees range from 5.9% to 11.9%.

Of course, the fees listed above are only the fees for purchasing the Bitcoin or Ethereum. Users will also incur a small network fee when transferring their bitcoin or Ethereum to their cryptocurrency wallet. This fee may vary depending on the usage activity of the network.

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Limits and Liquidity

Once a user becomes fully verified by Bitit, they are able to purchase up to €500 Euro per week online, and up to €10,000 Euro per week by cash. If requested, Bitit may be able to increase these limits.

Privacy

Bitit does not require any personal identification information for creating an account and buying your first €25 Euro worth of cryptocurrency. However, they do require further identification if you wish to purchase more. Bitit’s privacy policy is straightforward and they will never share your information with any third parties. However, for users who do not want their identity known to Bitit, they are out of luck if they wish to purchase more than €25 Euro worth of cryptocurrency.

Security and Verification Levels

Bitit is known to be a reputable and secure cryptocurrency exchange. They have multiple physical store locations in France and are active on social media which proves their legitimacy. As well, the company encrypts all their data and is run on a secure website by taking all the precautions and security requirements you would expect from a financial service.

As for verification levels, users must provide personal identification information if they want to buy more than €25 Euro worth of cryptocurrency. The identification required is a government-issued ID and a Photo of yourself holding the government issued ID. Once Bitit receives and verifies these information users have access to the maximum purchase amounts of Bitcoin and Ethereum.

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Customer Support

Customer support offered by Bitit is rather limited, but they do offer a small knowledge base where customers can find answers to some common questions. As well, users can contact Bitit through email support. An additional resource where customers can find helpful information is through the Bitit blog, where they publish relevant articles on the cryptocurrency space.

Pros and Cons

Pros

  • Safe & Secure cryptocurrency exchange
  • Fast & Easy method for purchasing Bitcoin and Ethereum
  • Accepted in over 50 countries
  • Many payment options

Cons

  • Fees are very high compared with other cryptocurrency exchanges
  • Limited cryptocurrency assets available

FAQ

  • Where is Bitit based at?

Their headquarters are located in Paris, France.

  • How do I fund my account at Bitit?

3D Secure Credit Cards- Visa, Mastercard, Maestro, American Express, Discover, China Union Pay

Prepaid Cash Vouchers- Neosurf, Cashlib vouchers, Flexepin

Bank Transfer- Trustpay,

E-Wallets- Epay

  • How long does a withdrawal normally take at Bitit?

It can take anywhere from a few minutes to hours, depending on the speed of the Bitcoin or Ethereum network at the time of buying.

  • How safe is Bitit?

Bitit is safe as they use security measures and keep an active social presence where people can read and learn about the company.

  • Is Bitit a scam?

No, they are trusted by many.

Conclusion

Bitit offers customers a very fast and convenient way to purchase both Bitcoin and Ethereum. The most impressive feature of Bitit that stands out from other exchanges is the available methods of payment such as various credit cards, bank transfer, e-wallets, cash vouchers, and physical store locations to pay with cash. While this exchange has some nice benefits, they do have hefty fees compare to many of the other exchanges available. Nonetheless, Bitit is a reputable exchange that’s good for beginners who want to buy some cryptocurrency.

BititUser Reviews

Rate this exchange
  • 1.0
    fast/expensive
    Vytaute
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BititFeatures

Coins Available
  • Bitcoin
  • Ripple
Accepted Countries
  • Albania
  • Algeria
  • Andorra
  • Argentina
  • Armenia
  • Australia
  • Austria
  • Azerbaijan
  • Bahrain
  • Belgium
  • Benin
  • Bolivia
  • Bosnia and Herzegovina
  • Brazil
  • Bulgaria
  • Burkina Faso
  • Cambodia
  • Cameroon
  • Canada
  • China
  • Chile
  • Colombia
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Cote d'Ivoire
  • Denmark
  • Ecuador
  • Egypt
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Ghana
  • Greece
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • Ireland
  • Indonesia
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kenya
  • South Korea
  • Latvia
  • Lebanon
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Madagascar
  • Malaysia
  • Mauritius
  • Mauritania
  • Mexico
  • Monaco
  • Mongolia
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • Nigeria
  • Norway
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Senegal
  • Serbia
  • Singapore
  • Slovakia
  • South Africa
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Tanzania
  • Thailand
  • Tunisia
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Uruguay
  • Venezuela
  • Vietnam
  • Zimbabwe
US Accepted
Yes

Payment Method

Deposit Options
Wire Transfer, cash, Credit Card
Withdrawal Options
cash, Credit Card, Wire Transfer
Company Information
Exchange DetailsInfo
Headquarters CountryFrance
Foundation Year2015
Typechange
Trading AllowedNo
Contact Information

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