Bitit Buy Bitcoin Gift Cards and Earn Rewards Points

“We still haven’t gotten to the famous point of ‘crossing the chasm’, where we get to real, mainstream adoption and use,” says Katan about the challenges of crypto-currency. The prime challenge faced by crypto-currency is its complication. Users have trouble understanding complicated terms like blockchain. “We’ve focused on design and ease-of-use from the beginning, to make Bitit the absolute easiest way to buy and sell crypto-assets,” says Katan.

• The Bitit platform shows a price chart and order history and is intuitive to use, but it is not a proper trading platform.
• Many of these countries have the ability to use their own domestic currencies through credit cards, bank transfers and cash vouchers.
• This slows down the trade, especially if the said issue concerns buying process.

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Another important distinction form Bitit is the fact that Coinbase is available only in 32 counties, while Bitit can boast of its Global Reach. The first step would be to verify your account if you wish to purchase coins at higher limits than €150. Bank transfers also carry high costs with themselves, as you pay additional 3% when using TrustPay.

Bitit Platform Features

Based in Paris (France) Bitit is a cryptocurrency exchange platform that provides digit CASHlib coins for fiat money purchases. The platform was founded by three cryptocurrency professionals, Nicolas Katan, Ugo Mare and Simon Poter in 2015. Bitpanda is a European cryptocurrency bitit review exchange that offers several coins for sale, bitcoins included. Read our article about the exchange as we go over its trade specifics, bitcoin exchange rate and fees while constructing company’s advantages and disadvantages. CEX.IO, unlike LocalBitcoins and Paxful, is more close to Bitit, as you can buy or sell coins directly 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.

Most of the other platforms charge up 1.99% at most, with many offering the service for free even. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. Technology-Innovators.com is part of the TIM Group LLC network of sites, registered in the U.S. and other countries.

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The transaction itself is near instantaneous once you provide receipt details. Due to the European regulations, all data on its website and on its communication channels are encrypted. Thus, hackers would need a lot more time and effort to break through the system than those platforms that have not invested in blocked content. # Bitcoin Affiliation Program with Bitit Earn up to 20% of Bitit commission fee.

• For a lot of people, getting one bitcoin is still difficult, complicated and time consuming.
• Since 2015, Bitit worked tirelessly to add more coins into its portfolio of cryptocurrencies.
• I would add that as the Bitit gift cards are denominated in euros, the value in Euros is redeemed in bitcoins only at the time of the redemption on the Bitit platform.
• Also, Bitit has a physical gift option, not just a digital version.
• Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.

So you go over the closest one, purchase on spot and then use the receipt to fill out the payment form. 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. 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. Whereas Bitit allows you to buy small amounts of bitcoins with an unverified account, Coinbase demands full identity check prior to the trade. 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.

Users’ Support

Apart from Bitit, there are other exchanges available for you to buy bitcoins. We made a number of reviews similar to this one, that you can check out at any time, including guides about Paxful, CEX.IO and BitPanda. 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. 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.

Donations en bitcoins

Traditional gift cards can be redeemed into products or some kind of digital money but always in a centralized environment controlled by the gift card emitter. How is this unique and different from other card services such as Gyft, BitGreet, and others? Bitit aims to make buying Bitcoin as easy as possible through its prepaid bitcoin solutions. In short, increase the accessibility of Bitcoin, a current issue of the currency.

You can check out our review of available platforms that accept PayPal as a mean of purchase in the meantime. We cannot foreknow the future and thus cannot say that it is safe to work with this particular platform 100%. What we can say is that buying BTC at Bitit is legitimate and business a legal entity that you can trust when it comes to cryptocurrency purchase. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

Although you can open up the exchange’s website on your phone, there is no downloadable program in Google Play or Apple Store. Apart from cryptos, you have numerous fiat currencies that you can choose from when depositing or buying coins at Bitit. You have EUR, USD, GBP, CAD, AUD, CNY, KRW, JPY, TRY, HKD, SGD, SEK, NOK and DKK.

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The platform offers extensive FAQ section and direct contact form when it comes to customer support. The Q&A section does cover most of the exchange in terms of verification, security, fees and purchase process. The ticket system can be found at “Contact” page or “Help Center”, with the average response time of the customer department being 24 hours. To an experienced Bitcoiner, it may seem like much less of a hassle to just buy bitcoin on an exchange by yourself. There you can copy your referral link or send invitation e-mails to your friends. Upon clicking on your referral link, your friend can sign up for a Bit-It account.