I am able to deposit money which I have done, however I am not able to sell my bitcoin and convert it into withdrawable money. Using the platform is as simple as signing up, completing the profile to increase your buying limits, and getting ready to use the intuitive interface. MyBCIT automatically generates a default password for you when your BCIT account is created. The primary default password is your date of birth – year, month, and day – in the format YYMMDD. Bitit complies with the Payment Card Industry Data Security Standard, meaning your credit card details are safe on the Bitit website.

I have bought cyrpto from many different merchants, and this so far has been the best experience. I was verified within minutes and had my purchase completed successfully and in my wallet only seconds after completing the transaction. What’s even better is that I was able to purchase my altcoin of choice rather than have to buy BTC first and then pay an exchange fee. If you have never logged in to myBCIT before (or if IT Services resets your password for you), you will need to use your default password. You will then be prompted to change your password the first time you access any of the online services. As your myBCIT account gives access to personal information, if you are not prompted to change your password, you should do so anyway for security purposes, by clicking the Change Password link once you are logged in.

1. Purchases will have a 3 percent fee with TrustPay, a 6.9 percent fee for buying online with a credit card, and a fee of 5.9 to 11.9 percent for payments with Neosurf or Cashlib.
2. The fees imposed on Bitit users varies depending on the payment method being used.
3. With the proper verification, you can increase your limits to 700 Euros each week with a credit card and 2,500 Euros per week using other payment methods.
4. The fees imposed on users are very reasonable and the number of cryptocurrency assets offered is quite impressive.
5. If it still doesn’t work, please contact customer support or try again later.

Given the high fees, Bitit is highly unlikely to appeal to any seasoned crypto traders or investors. After all, low fees are one of the attractions of dealing with cryptocurrencies. As you’re storing your crypto purchases in your own wallet, the security of your coins depends on the security of your wallet, not of the Bitit exchange. Anyway, let’s put all this aside for a moment and imagine you’re our hypothetical crypto noob. You’ve gone onto the Bitit website for a first look and realized you need a wallet.

People seem to praise the customer support and ease of use the most. In general, reviews from users of Bitit tend to be fairly positive. Most of the complaints tend to be about frozen transactions, but no major issues appear to have been reported.

It is entirely up to you to decide how much Bitcoin to buy, sell, and trade, which is the benefit of being a decentralized system. There are many ways to trace Bitcoin transactions, including combing through the blockchain, the cryptocurrency’s historical ledge of all transactions that can be viewed at all times by anyone. Have been trying to purchase bitcoin for hours now, no actually a few days and after going through so many steps and so much aggravation nothing seemed to work.

Although most jurisdictions do not treat the virtual token as legal tender, you can still legally buy, sell, trade, and spend Bitcoin. It is generally viewed as a commodity that can be utilized to pay for goods and services. Today, I got a $25K transfer from creativetrade .online to my Bitit wallet. For trustworthy crypto investments, creativetrade .online is a great choice. Bitit has positive reviews online, it has earned a “Great” rating on TrustPilot with 24 user reviews listed.

Reviews4.8

However, how do you know if Bitit is the right cryptocurrency exchange for you? It’s hard to know, which is why we have compiled an in-depth review of the Bitit crypto exchange for your benefit below. Bitit features a very simple and fast web based exchange platform that can be accessed from any computer via the web browser interface.

Limits

To this end, Bitit aims to make itself as easy to use as possible. According to the company blog, it’s targeting as many local currencies and languages as possible to widen the net for potential new adopters of crypto. Established in 2016, Bitbuy is Canada’s most secure and trusted platform for BTC, ETH and other cryptocurrencies. If you would like to upgrade to another membership, complete your order, navigate back to the cart to add another membership.

Trading Platform

Bitcoins are created by employing cryptocurrency mining methods. This consists of an intricate process that requires enormous energy and computing power, involving a computer to solve a mathematical problem with a 64-digit answer. Yes, it is perfectly legal to purchase Bitcoin in most parts of the world.

Then, I stumbled upon bittit.io and in just a few easy steps and minutes, my transaction went thru!!! No, Bitit is a legit cryptocurrency exchange with a viable reputation in the industry. You can then select your payment method from the drop-down list, enter your amount and wallet address before submitting payment. BitIt allows for purchases in real-time thanks to direct payments, so you do not have to worry as much about exposure to the market’s volatility. Payments are always secure since they are developed, regulated, and hosted in France.

You’ve nailed setting one up for yourself, and now you’re there, clutching your new wallet address, ready to make your first foray into cryptocurrency using the Bitit platform. Users must have their own wallet addresses to buy crypto on Bitit. Their website recommends the Ledger Nano S for security, which is admittedly a great wallet used by many. Plus, we all know that storing crypto on an exchange is generally a bad idea. With bitcoin, you can purchase a Satoshi (the smallest unit of the cryptocurrency) or buy an entire coin.

Overall, the Bitit cryptocurrency exchange is an excellent option for user looking to buy a variety of cryptocurrencies in a simple, fast, and easy manner using fiat currency. The exchange platform is intuitively designed but lacks advanced features. However, Bitit markets themselves towards mainstream beginner users and provides them with a seamless buying experience.

Which is just as well, because you’re about to pay the price for the comfortable ride you’ve been enjoying so far (wallet setup proficiency notwithstanding). While our Granny example may be far-fetched, Bitit does state that it is working to open cryptocurrency up to users in developing countries. This goal is laudable, however, users need that external wallet setup regardless of where they are. Offering the Ledger Nano S as the only wallet recommendation, which is not a cheap piece of hardware and no picnic to set up for a total newcomer, still seems to be more of a barrier than an enabler.

Binance Review: The World’s Leading Cryptocurrency Exchange?

Without account verification, you can only buy 150 Euros of Bitcoin, and you must verify your account before buying with a credit card. With the proper verification, you can increase your limits to 700 Euros each week with a credit card and 2,500 Euros per week using other payment methods. BitIt prides itself on keeping all pricing and commission fees transparent. Fees can be as low as 2.5 percent, so more of your money goes toward your cryptocurrency purchase, delivering a great value.

Bitit is based out of France with their headquarters located at 25 Rue du Petit-Musc, Paris, France. Unfortunately, Bitit is not a licensed or regulated cryptocurrency exchange or money services business, but they do follow all of the regulatory rules and guidelines bitit review required for regulation. Therefore, as cryptocurrency regulations mature, we have no doubt that Bitit will be ready to be fully licensed and regulated. Also, the Bitit crypto exchange has already built up a viable reputation in the industry and is trusted by many.

The fees imposed on users are very reasonable and the number of cryptocurrency assets offered is quite impressive. All in all, the Bitit cryptocurrency exchange is a phenomenal crypto exchange for what they set out to accomplish and provide their users. One of the features that truly sets BitIt apart is its ability to accept a long list of payment methods you will not find on other cryptocurrency exchanges. Specific methods include Maestro, Mastercard, Visa, TrustPay, CashLib, and Neosurf.