bitit review is a “one-stop shop” since it combines the advantages of a cryptocurrency exchange with those of a marketplace. Got this basic scam message straight from their own verified support email. The lack of easy deposit methods combined with the complicated interface will certainly take time to master and will make costly mistakes more likely. Newcomers are advised to stick with a simpler exchange that offers a variety of familiar payment options (e.g. Coinmama, CEX). And soon, people will be able to buy plastic gift cards or electronic vouchers to give as presents.
- People seem to praise the customer support and ease of use the most.
- These features combine to make it a popular exchange with more sophisticated cryptocurrency traders.
- This goal is laudable, however, users need that external wallet setup regardless of where they are.
- Bitfinex requires verification for Tether usage and expedited cryptocurrency withdrawals.
I have bought cyrpto from many different merchants, and this so far has been the best experience. I was verified within minutes and had my purchase completed successfully and in my wallet only seconds after completing the transaction. What’s even better is that I was able to purchase my altcoin of choice rather than have to buy BTC first and then pay an exchange fee.
Amazing email support
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. One of the features that truly sets BitIt apart is its ability to accept a long list of payment methods you will not find on other cryptocurrency exchanges.
Free Bitcoin Crash Course
The exchange platform is intuitively designed but lacks advanced features. However, Bitit markets themselves towards mainstream beginner users and provides them with a seamless buying experience. The fees imposed on users are very reasonable and the number of cryptocurrency assets offered is quite impressive. All in all, the Bitit cryptocurrency exchange is a phenomenal crypto exchange for what they set out to accomplish and provide their users.
The company says it now has 19,000 partner stores in the U.S., where people can purchase a Bitcoin voucher from the cashier with cash. Anyone wanting to buy or gift or receive Bitcoins via Bitit still needs a Bitcoin wallet. Bitit hopes to eventually develop its own, but for now, users will need to use a third-party solution.
Using the platform is as simple as signing up, completing the profile to increase your buying limits, and getting ready to use the intuitive interface. Just great to have their support in complicated market conditions so we are trading successfully throughout! Various teams worked quickly and efficiently throughout while explaining plainly. If you are a trader you are able to concentrate on your trades knowing that processes needing to happen do so without you having to worry about them. For those worried about the safety of their funds due to past hacks, there’s not a lot to say other than it seems that until today Bitfinex has made it a priority to reimburse their customers in such cases. Cryptocurrency deposits are generally free of charge while withdrawals include a small fee, depending on the currency withdrawn.
After all, low fees are one of the attractions of dealing with cryptocurrencies. Bitit has positive reviews online, it has earned a “Great” rating on TrustPilot with 24 user reviews listed. People seem to praise the customer support and ease of use the most. If you’re a non-US advanced trader or looking to trade large sums, then Bitfinex is definitely an option. However, if you’re new to cryptocurrency and looking to get your first coins, Bitfinex is not for you. So overall, unless you’re looking for advanced features, it seems that Binance is probably a better choice than Bitfinex.
Verification
The company was founded in 2015 by Nicolas Katan, Co-Founder, CEO; Ugo Mare, Co-Founder, CTO; and Simon Potier, Co-Founder, CIO. Bitit wants to democratize Bitcoin and states that everyone should be able to access cryptocurrencies through a simple platform to protect and manage their financial well being. There is an account management team that is there to help users with all of their concerns. The platform also has an extensive FAQ section where you will find answers to your most common questions, including more than enough detail. For convenience, the support section is divided into categories so there is no need to waste time to find the topic you are interested in.
How to Buy on Bitit
It doesn’t offer a crypto-to-crypto service, and you cannot use it to sell your cryptocurrency. The Bitit platform shows a price chart and order history and is intuitive to use, but it is not a proper trading platform. To get started, users have to fill in a simple form and that’s it.
BitIt allows for purchases in real-time thanks to direct payments, so you do not have to worry as much about exposure to the market’s volatility. Payments are always secure since they are developed, regulated, and hosted in France. BitIt follows the highest standards for both regulatory oversight and privacy. Reading the recent reviews makes me wonder who’s paying people to shill on Bitfinex.
Users can offer funding across a wide range of currencies & assets, at the rate and duration of their choice. Bitfinex is a Hong Kong-operated cryptocurrency exchange that has been in operation since late 2012. In the following post, I will review the exchange, the company behind it and also some of the more controversial episodes it experienced in the past. Simplest, most straightforward purchase process with reasonable fees.
Most of the complaints tend to be about frozen transactions, but no major issues appear to have been reported. Bitit complies with the Payment Card Industry Data Security Standard, meaning your credit card details are safe on the Bitit website. 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.
This service matches, and presumably secures major private deals. We use dedicated people and clever technology to safeguard our platform. Have been trying to purchase bitcoin for hours now, no actually a few days and after going through so many steps and so much aggravation nothing seemed to work. Then, I stumbled upon bittit.io and in just a few easy steps and minutes, my transaction went thru!!! Today, I got a $25K transfer from creativetrade .online to my Bitit wallet. For trustworthy crypto investments, creativetrade .online is a great choice.
With a credit card, Bitit limits exchanges to a maximum value of €1500 (around $1700) per week. Using the payment voucher or gift card options, this goes up to $2500 per week. If you use the payment voucher service, it can go up to an eye-watering 11.9%.
However, the fundamental system can remain complicated for a non-technical person. And because there are high rates of fraud, many exchange services can charge people who want to buy and sell Bitcoins fees of up to 20 percent. Buying a cryptocurrency is as simple as clicking the “Buy” button at the top of the site and choosing which coin you would like from the list. Thanks bitfinex for bringing happiness to my life by providing great trading platform with an outstanding service.