Bitit

Bitit

  • France

  • Buy/Sell from the platform

  • Bitit.io

  • Since 2018

Bitit
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

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.

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.

Crypto Currencies Support

Traditional Currency Support

  • Danish Krone (DKK)
  • Euros (EUR)
  • Norwegian Krone (NOK)
  • Swedish Krona (SEK)
  • US Dollar (USD)

Language Support

  • Chinese
  • English
  • French

Country Support

  • Australia
  • Canada
  • China
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface

Bitit security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
At least 80% of user funds are stored in cold storage

Security Features:

  • SSL
  • Bank Level Encryption
  • PCI DSS standards
  • Regular Auditing Programs

Legal Registration or Compliance:

  • KYC/AML Compliant

The Bitit exchange is registered under the name Bitit SAS and incorporated in Paris, France. 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.

Summary:

Bitit is a French crypto exchange service for BTC and ETH. It is fast, simple to use, and offers convenient payment methods with cards, bank transfer, a gift voucher, and several brands of cash vouchers. Other advantages are Bitit's scope of operations, which includes over 100 countries, and the Bitit gift card. Less attractive are the high fees that make trading on Bitit quite expensive.

Ease of use
Intuitive
Transaction Fees
0.8% +
Deposit/Withdrawal Fee
0.8% +
Deposit/Withdrawal Fee c For Bank Transfer
0.03
Deposit/Withdrawal Fee For Credit Card
6,90%
Deposit/Withdrawal Fee Charged For 3rd party Payments
1.1+
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party

Functionality:

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.

Most common
customer complaint:

High fees