What distinguishes Bitit from others is the ability to buy bitcoins that can be sent directly to your specified wallet address. You can set up the buy widget with your external address code and have coins arrive directly to your wallet, rather than keep them in your Bitit balance. Neosurf users can buy up to 500€ per week of bitcoin by cash on Bitit. After creating your account, you simply need to connect your payment method and make instant, real-time crypto purchases.

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Users can buy Bitcoin, Ethereum, and other leading cryptocurrencies using their local currency and preferred payment method. Users can get all their favorite coins in one place and buy them in a snap. Paxful is similar to LocalBitcoins to the point where we can safely call them direct rivals in the cryptocurrency market.

• Bitit exchange can be considered as a somewhat expensive platform when it comes to purchasing fees.
• As for the payment limits, with an unverified account, you can buy up to €150 using TrustPay and cash vouchers on weekly basis.
• There are enough options available for occasional traders, but not for professionals.
• “With a disease like COVID-19, we’ve seen that anything that can be done to reduce direct physical contacts helps to slow the virus down,” says Katan.
• Based in Paris (France) Bitit is a cryptocurrency exchange platform that provides digit CASHlib coins for fiat money purchases.

Users must provide full identity verification, including a selfie and picture of an ID. 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. There are enough options available for occasional traders, but not for professionals. There is no verification needed for the first 25€ BTC purchase, but for larger sums, users must provide ID verification. The platform went through major changes in design at the end of 2017, creating a new environment for traders to buy and sell coins.

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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. As for the payment limits, with an unverified account, you can buy up to €150 using TrustPay and cash vouchers on weekly basis. With a verified account, you earn the right to increase limits up to €700 for credit cards and €2.500 for TrustPay and vouchers per week.

Summary: Get BTC with Bitit

Since 2015, Bitit worked tirelessly to add more coins into its portfolio of cryptocurrencies. Aside from BTC, you are now able to purchase Ethereum as well with the help of credit cards, bank transfers and vouchers. 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.

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The main difference between Bitit and LocalBitcoins is that latter exchange is peer-to-peer (P2P) based, as traders buy and sell coins between each other. The platform offers only bitcoins through various payment methods (over 50 of them). The fees, no matter what purchase option is chosen, stands at 1%. 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. Users need to register their profile in order to unlock higher buying limits of up to 2500€/week.

• We also provide comparative analysis with other, similar crypto exchanges, such as LocalBitcoins and Coinbase.
• Another important distinction from Bitit is that Coinbase offers competitive fee structure, as you can buy coins for 1.99% using bank transfers and 3.99% with credit cards.
• Currently, there is no live chat available for you to use if you face issues at hand.
• In the near future, they plan on adding other coins like LTC, XMR, and XRP.

CEX.IO, unlike LocalBitcoins and Paxful, is more close to Bitit, as you can buy or sell coins directly bitit review from the company. Head over to our guide about CEX.IO’s platform, as we investigate its verification demands, fee structure, countries supported and much more. We also provide step-by-step guides on how to buy and withdraw your coins.

This slows down the trade, especially if the said issue concerns buying process. Cash vouchers, although completely private, are the most costly channel of purchase at Bitit, as you pay up to 11.9%, depending on the voucher. Whereas traders buy BTC from Bitit directly, in LocalBitcoins… At Bitit we strive to make the buying of Bitcoin as easy as possible. If you have any questions, feel free to visit our Help Center or contact us via our contact form.

These platforms differ in terms of fees, payment options and verification requirements. Thus, we made a short comparative analysis of LocalBitcoins and Coinbase, benchmarking Bitit in terms of before-mentioned important trade indicators. The platform offers extensive FAQ section and direct contact form when it comes to customer support.

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Bitit offers several options when it comes to bitcoin purchase. You have near-instant credit or debit cards, enabling you to get cryptos fast and easy. The main issue with the method is that full verification needs to be accomplished in order to use it.

The COVID-19 pandemic has affected international markets and trades. “With a disease like COVID-19, we’ve seen that anything that can be done to reduce direct physical contacts helps to slow the virus down,” says Katan. While many stocks have seen a decline, Cryptocurrency remains strong.