Bitit Review
Cryptocurrency exchange platforms are very important for buying and selling cryptocurrencies. Today I am going to discuss about Bitit exchange review in which I will discuss some of the basic things about the exchange.
User and customers wants to know about the standards of the exchange before they begin to use the exchange. So I am going to provide a review of Bitit exchange which will be helpful for the users to know about this exchange.
1 : What is Bitit Exchange
Bitit is a cryptocurrency exchange and a platform for selling and buying bitcoin and other cryptocurrencies. The Paris based cryptocurrency exchange Bitit provides users an easy, instant, and secure purchases of digital assets.
The Bitit exchange platform was basically founded by three friends Nicolas Katan, Ugo Mare, and Simon Potier in the year 2015. The main purpose behind the development of Bitit exchange was to deliver the users an easy access to buy and sell cryptocurrency exchange.
Bitit is not like the other exchange platforms like Bitstamp or Coinbase which are commonly regarded as the typical exchanges. Rather, it is a simple and ideal exchange platform providing the users with the service of purchasing assets.
The cryptocurrency exchange is also available for all those users that belong to the remote or distant areas. The main focus of the cryptocurrency exchange is the users with local currencies. With the facility of local currencies, new users of local areas will be able to connect themselves with the exchange.
2 : Bitit Supported Currencies
Bitit is currently supporting almost 15 fiat currencies on its platform. These currencies include USD, CNY, HKD, KRW, SDG, ZAR, CAD, AUD, TRY, NOK, SEK, GBP, DKK, JPY, EUR.
With these fiat currencies, the users of cryptocurrency can purchase the digital cryptocurrencies which include: Bitcoin (BTC), Ethereum (ETH),Ripple (XRP),Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Ethereum Classic (ETC), Qtum (QTUM), OmiseGo (OMG), Bitcoin Gold (BTG), Ox (ZRX), Bancor (BNT), Civic (CVC), CLAM, Siacoin (SC), Zcash (ZEC) and some others.
3 : Bitit Payment Methods
For purchasing, there are certain payment methods for each exchange. And without the presence of payment methods, it is very difficult to buy the desired coins or currencies.
There are three payment methods available on Bitit exchange through which users can purchase digital currencies. These include:
- Purchasing cryptocurrency using Credit cards or Debit cards
- Purchasing cryptocurrency through Cash Vouchers
- Bank Transfer/Euro Wallet
How to buy cryptocurrency Using Credit/Debit Cards
One of the payment methods on Bitit exchange is Credit or Debit cards. The users can buy coins using the debit cards which include: Visa, Mastercard, Maestro. This is one of the secure payment methods on Bitit platform.
- By using Cash Vouchers
Users can buy cryptocurrency through Cash Vouchers. The vouchers include: Cashlib and Neosurf and are present in almost 150,000 stores all over the world.
- Via Bank Transfer/Euro Wallet
The direct banking is also available on Bitit. You can buy digital assets by using a European wallet and send euros from your account to the account of Bitit. This Bank Transfer involves the use of SEPA transfers.
Other than these three payment methods, users can also use the Bitcoin Bitit Gift Card for the sake of the purchase of digital cryptocurrencies.
4 : Bitit Fee and Limits
The users are also required to pay certain fee charges while purchasing the digital cryptocurrencies. On Bitit exchange, the fees and limits are much better than the other facilities. The fee charges are imposed on users on the basis of their payment method. Fee and limits for different methods are given below:
- If a user is using the credit card payment method, then fee for this transaction would be 3.9%. And the buying limit is 7.500€/week.
- The fee transaction for the Cash Voucher payment method is 8.75%. Users can buy digital assets up to 2.500€/week using this method.
- And the users will pay a fee of 0.25% while using the Bank Transfer payment method. And for this method, the buying limit is kept up to 30.000€/week.
5 : Bitit Supported Countries
Being an international crypto-exchange, the Bitit exchange is currently supporting almost 50 countries all over the world and includes the customers and users from all around the world. The important countries which are on the supported list of Bitit are United States, Canada, Australia, Europe, and Oceania.
The main focus of the exchange usually lies on the European users and customers. But it also allows the US dollar users as well.
6 : Bitit Customer Support
For customer support, there is a proper section of terms and conditions for customers on the Bitit website. Customers can get their answers for their questions through this help section.
They can also contact Bitit with the support of email. The email support is available for customers who cannot fully understand the conditions and terms of the exchange.
7 : Bitit Pros and Cons
Every exchange has certain advantages and disadvantages. Bitit has also some of the pros and cons which make its worth more or less. Following are the pros and cons of the Bitit exchange:
Pros
- The platform provides a fast and easy way of buying the assets.
- It ensures secure cryptocurrency purchases.
- It provides several payment options.
- And more importantly, it is supported in 50 countries.
- Bitit also accepts users with local currencies and remote areas.
Cons
- The main disadvantage of the crypto exchange is that its fees are very high in comparison with other exchanges of cryptocurrency.
- The second disadvantage of this platform is that it provides a limited supply of digital assets.
8 : is Bitit Safe to Use ?
Bitit is getting some positive reviews from the users and customers as the exchange is providing some good features like a safe and secure cryptocurrency exchange. The trust level of the exchange is average based on the views of customers. As no major issues are identified in this crypto exchange, then the users should feel safe to use this exchange.
9 : Conclusion
Bitit crypto exchange with its several facilities is gaining the trust of the customers. The customers are provided with fair payment methods and with the easy process of purchase. Although it has some disadvantages like high fees and a limited supply of assets, it is still getting a good response from the customers. For the newcomers, the Bitit exchange will serve well in buying the cryptocurrencies.
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