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.
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- If your friend reaches the 100 Euros threshold equivalent, you automatically receive a Bit-It booster that allows you to receive extra coins on your future purchases.
- Apart from credit cards, you also have TrustPay bank transfers if you are looking for lower fees.
- The first step would be to verify your account if you wish to purchase coins at higher limits than €150.
- If you are looking for a way to get bitcoins using your cash or vouchers in Europe, then look no further than this report.
Katan believes in living a simple life and applies the same to his work environment. Bitit.io is a France based crypto-currency exchange platform launched in 2015. The platform offers the option to buy Bitcoin, Ethereum, Ripple, and DASH.
- Katan and his team at Bitit are positive that cryptocurrency will only become stronger in the future and hope to simplify the use of crypto-currency globally.
- 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.
- Applications that are possible solely because of blockchain tech must be prioritized.
- The prime challenge faced by crypto-currency is its complication.
- Cash vouchers, however, need to be bought from the store on physical location near from you.
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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.
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The COVID-19 pandemic has made the future of many sectors uncertain. Katan and his team at Bitit are positive that cryptocurrency will only become stronger in the future and hope to simplify the use of crypto-currency globally. “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.
Summary: Get BTC with Bitit
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.
These changes, in our own opinion, are refreshing, providing more transparent purchase process, showing off fees and making it easier to get coins. 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. If your friend reaches the 100 Euros threshold equivalent, you automatically receive a Bit-It booster that allows you to receive extra coins on your future purchases. Booster covers all purchases within 24 hours after activation. At Bitit, bitcoins are transferred directly to your wallet address when buying them.
Users can buy up to 25€ of Bitcoin by credit card without paperwork, only by filling their Profile. The Cryptocurrency Superboom 2020 by Weiss Ratings is part of Weiss Ratings Crypto Investor membership research service where bitcoin, blockchain… TrustPay is perhaps the slowest of the three, as you need to wait for 2 to 5 business days for the transaction to take place. Cash vouchers can be either fast or slow, depending on how close the store nearest to you is. The transaction itself is near instantaneous once you provide receipt details.
Besides, the referral process takes just a few clicks to share a referral link by e-mail, Facebook, or Twitter. If you have a blog or a website, you can download the platform’s dynamic burners to integrate easily. Fake or duplicate accounts cannot receive any referral payouts. Bit-it reserves the right to change the terms of the referral program without prior information. They offer EV SSL certification for the web page, two-factor authentication, and strict verification procedures, and they do not store account passwords or card numbers. Bitit partners with a Level 1 PCI service provider, maintains bank level security, is regularly audited and tested, and provides ongoing training to all staff.
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. Bitit is a regulated French company and exchange platform that operated transparently since 2015. The information is transparent and stored on every data point in the network. The identity of users is secure with access to authorized personnel.
The platform offers its services in several regions of the world, accounting for 114 supported countries altogether. Currently, you are able to buy BTC from the USA, most of Europe, Japan, China, South Korea, Turkey, Hong Kong, Singapore, the UK, Australia and Canada. Many of these countries have the ability to use their own domestic currencies through credit cards, bank transfers and cash vouchers.
It is one of the safest forms of investment in COVID -19 times. “In a world where we now talk about borrowing and spending in the trillions of dollars, crypto-assets can be a great addition to bitit review the portfolio,” says Katan. By credit card or by cash in more than 100K+ Local stores choose your most convenient way to buy Bitcoin. XOXO Network is a new multi-level network marketing cryptocurrency opportunity that is based on blockchain smart contracts that claims to… Bitit is yet to develop a mobile app as an additional trading platform.