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Bitit review & testimonials for bitit.io (upd. 07.2020)

Bitit user interface: the home page in English

What is Bitit in a nutshell? It's maybe not the most popular, but well established, exchange service (broker) supporting some popular crypto: you can exchange these using the website. Exchange service started the business Mar 2016, it serves the clients for a few years.

This service works with a number of currencies, banks, and payment systems. Hence to estimate the fees level we calculated an average fee you'll spend for an exchange here. Based on this number (3.82%) we may say that Bitit charges considerably low fees, comparing to the local market: 0.25% — 8.75% (although, according to our statistics 60% exchanges take higher average fee) and has medium buying limits: $57 — $1,695 (in accordance with the statistics we've collected, 80% exchanges have higher order limits). This Broker welcomes customers from 97 countries (including your country: United States!). It serves the US and allows registrations from all the 56 states and territories. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of Bitit, although according to the information from the exchange itself, order processing is automated and should be instant. You will have to verify your account (just ID Verification should be required) before being able to use the service.

Since 2016, Bitit is working hard to get great testimonials from the users. Although, since this Broker was recently added to our price comparison platform, we have no user reviews yet. Maybe you can help? If you have any experience dealing with Bitit, can you please leave your testimonial? It will surely be a great help for us and all the community, thanks!

Based on all these facts, our verdict is the following: Bitit is a promising, although not yet reviewed much by our visitors place to exchange Bitcoins, an interesting exchange that we believe will get some nice feedback soon!

Overview: is Bitit safe?

Bitit is the Broker; Société BITIT (dba Bitit) started the business in March 2016. The company is based in the France with the headquarters located in the Paris. Official Bitit address is 40 rue Alexandre Dumas, 75011.

Bitit CEO is Nicolas Katan.

Answering the question how safe is Bitit:

We are sorry, our platform has't yet collected enough data, but you can help! We know fairly much about this Broker (please continue reading), but our policies require to collect more testimonials from the users of Bitit to draw a conclusion. Do you have any experience dealing with this service? Please add your feedback, this will be a great help! Or maybe you know someone who does? Kindly ask him/her to tell us about it here! We really appreciate your participation.
Time in the business: 4 years 3 months
Business model: no special licenses, etc.

Overall rating for Bitit: N/A
Although we have not collected enough testimonials to assign a rating to Bitit, we can pre-estimate the rating (considering there will be no user complaints) as 95/100.

Pros & Cons of Bitit

Although Bitit is not yet rated by our visitors, common sense tells us it should have both strong sides and some downsides. Let's check it out:

  • Broker operates for a long time, service was started 2016.03.
  • Fees are not high in comparison with other local exchanges.
  • Bitit doesn't hold the clients funds, delivering the funds directly to your wallet.
  • Many countries are not supported, please check if yours is in this list before registering!
  • Brokers are less regulated exchanges, you are basically on your own if you have problems with such a service.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at Bitit! Try Bitit today and let us know how you like it!

Services, Bitit Provides

The platform provides the following cryptocurrency exchange-related services:

  • Helps the visitors to exchange the electronic currencies.

As we can see, Bitit doesn't provide any services besides the cryptocurrency exchange, althought it's definitely not a bad thing; after all, we came here for the crypto exchange, right?

Currencies & Payment Systems

Bitit provides the service of various cryptocurrencies exchange.

If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Cryptocurrencies backed by assets to invest in 2020.

Bitit fees

The fees you need to pay at this broker during the process of buying and selling cryptocurrencies are easier to understand if you break it down like that (note that you can skip the details, jumping to the conclusion):

  1. Service/processing fee. Depending on the fiat payment system and currency, it's as follows:
    • 8.75% when you pay money using CASHlib in Euro.
    • 8.75% when you pay money using Neosurf in Euro.
    • 0.25% when you pay money using SEPA Transfer in Euro.
    • Commission when you are receiving funds to SEPA Transfer in Euro: 0.25%
    • 3.9% when you pay money using Visa & Mastercard in Japanese Yen.
    • 3.9% when you pay money using Visa & Mastercard in Pound Sterling.
    • 3.9% when you pay money using Visa & Mastercard in Swedish Krona.
    • 3.9% when you pay money using Visa & Mastercard in Norwegian Krone.
    • 3.9% when you pay money using Visa & Mastercard in Turkish Lira.
    • 3.9% when you pay money using Visa & Mastercard in Australian Dollar.
    • 3.9% when you pay money using Visa & Mastercard in Canadian Dollar.
    • 3.9% when you pay money using Visa & Mastercard in Chinese Yuan.
    • 3.9% when you pay money using Visa & Mastercard in Hong Kong Dollar.
    • 3.9% when you pay money using Visa & Mastercard in South Korean Won.
    • 3.9% when you pay money using Visa & Mastercard in Singapore Dollar.
    • 3.9% when you pay money using Visa & Mastercard in South African Rand.
    • 3.9% when you pay money using Visa & Mastercard in Euro.
    • 3.9% when you pay money using Visa & Mastercard in Danish Krone.
    • 3.9% when you pay money using Visa & Mastercard in US Dollar.
  2. Miners fee. Please note that this fee applies only when you buy bitcoin or other cryptocurrency!
    • 0.000500 BTC when you purchase Bitcoins

Are Bitit fees high or low?

Now it's time to draw a conclusion: considering the average fee the exchange changes for an operation we can state that Bitit charges less fees than most of the local competition. According to our statistics, the median (average) fee the local exchanges take from a buyer for the KRW to BTC exchange is currently about ~5.0% that's roughly the same charges Bitit does. The exact rate depends on the Bank or Payment System choice.

Buying and selling limits

This Broker has the following limits, applicable when you buy or sell cryptocurrencies:

  1. Purchase limits (when you buy crypto).
    • €10 minimal buy and €250 max purchase when using CASHlib in Euro.
    • €10 minimal buy and €250 max purchase when using Neosurf in Euro.
    • EUR 50 minimal buy and EUR 30,000 max purchase when using SEPA Transfer in Euro.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Japanese Yen.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Pound Sterling.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Swedish Krona.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Norwegian Krone.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Turkish Lira.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Australian Dollar.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Canadian Dollar.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Chinese Yuan.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Hong Kong Dollar.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in South Korean Won.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Singapore Dollar.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in South African Rand.
    • €50 minimal buy and €1,500 max purchase when using Visa & Mastercard in Euro.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in Danish Krone.
    • EUR 50 minimal buy and EUR 1,500 max purchase when using Visa & Mastercard in US Dollar.
  2. Withdrawal limits (when you out-exchange crypto to the fiat money).
    • EUR 50 min when receiving money to SEPA Transfer in Euro.

And the good news: there are no limits on other payment systems (the limitations the payment system has aside) Bitit supports! Comparing to other exchanges, Bitit has medium buying and selling limits; it's rather convenient, although there are some other ones with higher max.

Supported countries

Platform allows the users from 97 countries to use the exchange. The following countries are supported by the broker:

  • Albania (AL)
  • Andorra (AD)
  • Argentina (AR)
  • Armenia (AM)
  • Australia (AU)
  • Austria (AT)
  • Azerbaijan (AZ)
  • Bahrain (BH)
  • Belgium (BE)
  • Benin (BJ)
  • Brazil (BR)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Cameroon (CM)
  • Canada (CA)
  • Chile (CL)
  • Colombia (CO)
  • Costa Rica (CR)
  • Côte d’Ivoire (CI)
  • Croatia (HR)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Denmark (DK)
  • Egypt (EG)
  • Estonia (EE)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • French Polynesia (PF)
  • Georgia (GE)
  • Germany (DE)
  • Ghana (GH)
  • Greece (GR)
  • Guadeloupe (GP)
  • Guernsey (GG)
  • Hong Kong SAR China (HK)
  • Hungary (HU)
  • Iceland (IS)
  • Indonesia (ID)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Japan (JP)
  • Jersey (JE)
  • Kenya (KE)
  • Kuwait (KW)
  • Latvia (LV)
  • Lebanon (LB)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Madagascar (MG)
  • Malaysia (MY)
  • Mali (ML)
  • Malta (MT)
  • Martinique (MQ)
  • Mauritius (MU)
  • Mayotte (YT)
  • Mexico (MX)
  • Monaco (MC)
  • Montenegro (ME)
  • Morocco (MA)
  • Netherlands (NL)
  • New Caledonia (NC)
  • New Zealand (NZ)
  • Nigeria (NG)
  • Norway (NO)
  • Philippines (PH)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Réunion (RE)
  • Romania (RO)
  • Russia (RU)
  • Saudi Arabia (SA)
  • Senegal (SN)
  • Serbia (RS)
  • Singapore (SG)
  • Slovakia (SK)
  • Slovenia (SI)
  • South Africa (ZA)
  • South Korea (KR)
  • Spain (ES)
  • St. Martin (MF)
  • Sweden (SE)
  • Switzerland (CH)
  • Taiwan (TW)
  • Thailand (TH)
  • Tunisia (TN)
  • Turkey (TR)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • United States (US)
  • Vietnam (VN)

Does Bitit allow the users from United States (US)?

USA flag

Yes, Bitit allows the registrations from the United States! Broker permits the users from 56 states and territories to register at and use the services exchange provides:

  • Alabama (AL)
  • Alaska (AK)
  • American Samoa (AS)
  • Arizona (AZ)
  • Arkansas (AR)
  • California (CA)
  • Colorado (CO)
  • Connecticut (CT)
  • Delaware (DE)
  • District of Columbia (DC)
  • Florida (FL)
  • Georgia (GA)
  • Guam (GU)
  • Hawaii (HI)
  • Idaho (ID)
  • Illinois (IL)
  • Indiana (IN)
  • Iowa (IA)
  • Kansas (KS)
  • Kentucky (KY)
  • Louisiana (LA)
  • Maine (ME)
  • Maryland (MD)
  • Massachusetts (MA)
  • Michigan (MI)
  • Minnesota (MN)
  • Mississippi (MS)
  • Missouri (MO)
  • Montana (MT)
  • Nebraska (NE)
  • Nevada (NV)
  • New Hampshire (NH)
  • New Jersey (NJ)
  • New Mexico (NM)
  • New York (NY)
  • North Carolina (NC)
  • North Dakota (ND)
  • Northern Mariana Islands (MP)
  • Ohio (OH)
  • Oklahoma (OK)
  • Oregon (OR)
  • Pennsylvania (PA)
  • Puerto Rico (PR)
  • Rhode Island (RI)
  • South Carolina (SC)
  • South Dakota (SD)
  • Tennessee (TN)
  • Texas (TX)
  • U.S. Virgin Islands (VI)
  • Utah (UT)
  • Vermont (VT)
  • Virginia (VA)
  • Washington (WA)
  • West Virginia (WV)
  • Wisconsin (WI)
  • Wyoming (WY)

Americans are welcome to exchange various cryptos that are supported by the broker.

Please visit the exchange's website to check the offers that are currently active!

Customer service

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the Bitit? Can you please add your testimonial? This will help everyone a lot, thanks!

Verification at Bitit

The broker requires it's clients to pass through obligatory user identification (account verification). The following procedures should be completed before the client will be able to utilize the exchange services:

  • ID verification

According to the customers surveys results, the average time to verify an account at Bitit is the following:

Sorry, we haven't yet collected enough data. Do you know, how fast Bitit does account verification? Kindly let us know, too. Thank you very much!

Deposit/withdrawal speed

Bitit processes the orders automatically, that's definitely a good thing and the process should take no time. Although we know that some exchanges require various forms of staff approval, etc. for the specific orders; such ones generally take longer. Even fully automated platforms sometimes delay the funds delivery, so if you know that it's the case here at this broker, let us and the community know about it, please!

Is Bitit instant?

So, what can we see? In accordance with the data we know about the broker, orders at Bitit should be instant. Although we don't have enough information about the order delivery speed from actual customers yet, sorry.

Customers' testimonials

There are currently no users testimonials about the Bitit. Do you have any experience using this broker? If you do, please say a couple of words about it!

FAQ about Bitit

Does Bitit holds my funds?

It does not! One of the best things dealing with the brokers is that unlike most of other exchanges, such businesses instantly deliver your funds to your own wallet after the payment clearance.

Is Bitit a good broker?

Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is Bitit licensed? Does it hold e-money license?

It is not, although seems that such business model complies with the regulation in Bitit home country.

Is Bitit a ripoff?

It is not a ripoff, although we have not rated Bitit yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is Bitit legit or scam.

Bitit vs other exchanges

Let's compare Bitit to other similar exchange services with similar features: others of broker type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

Bitit vs 24coinpro

Let's compare the key features of these two platforms to see which one suits you best:

  • 24coinpro is a broker Bitit is a broker, both are using the same business model.
  • 24coinpro had started the business February 2019 Bitit started the business March 2016 (Bitit operates 2 years and 10 months longer).
  • 24coinpro operates without a business registration or there is no information available about it Bitit is an ordinary company without licenses, etc. (Bitit utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, 24coinpro provides no extra services Bitit provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 2 fiat currencies are available at 24coinpro Bitit doesn't allow to use any fiat currencies (Bitit supports 2 fiat currencies less).
  • 24coinpro accepts deposits from and allows withdrawals to 5 fiat payment systems / banks Bitit doesn't support fiat payments in any form (Bitit supports 5 banks and fiat payment systems less).
  • 24coinpro charges 4% — 15% fee Bitit charges the client 0.25% — 8.75% fee, depending on the currency, payment system, etc. (Bitit has lower fees in general).
  • Buying limits at 24coinpro start from $9 and are up to $2,239 Deposit/withdraw limits at Bitit are $57 — $1,695 depending on the payment method (Bitit & 24coinpro have more or less the same buying/selling limits).
  • 24coinpro allows registrations from 255 countries; United States is among the supported ones You may register at Bitit if you reside in one of 97 countries; it serves United States among others (Bitit supports less countries).
  • 24coinpro allows the user to be anonymous, there is no account verification, etc. User identification at Bitit usually consists of 1 procedure: id verification (Bitit 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — 24coinpro or Bitit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Bitit vs 2x2change

Let's compare the key features of these two platforms to see which one suits you best:

  • 2x2change is a broker Bitit is a broker, both are using the same business model.
  • 2x2change had started the business October 2015 Bitit started the business March 2016 (2x2change is working for 5 months longer time).
  • 2x2change operates without a business registration or there is no information available about it Bitit is an ordinary company without licenses, etc. (Bitit utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, 2x2change provides no extra services Bitit provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 1 fiat currencies are available at 2x2change Bitit doesn't allow to use any fiat currencies (Bitit supports 1 fiat currencies less).
  • 2x2change accepts deposits from and allows withdrawals to 12 fiat payment systems / banks Bitit doesn't support fiat payments in any form (Bitit supports 12 banks and fiat payment systems less).
  • 2x2change charges 5% — 9% fee Bitit charges the client 0.25% — 8.75% fee, depending on the currency, payment system, etc. (Bitit has lower fees in general).
  • Buying limits at 2x2change start from $14 and are up to $7,876 Deposit/withdraw limits at Bitit are $57 — $1,695 depending on the payment method (Bitit has lower buying/selling limits).
  • 2x2change allows registrations from 255 countries; United States is among the supported ones You may register at Bitit if you reside in one of 97 countries; it serves United States among others (Bitit supports less countries).
  • 2x2change allows the user to be anonymous, there is no account verification, etc. User identification at Bitit usually consists of 1 procedure: id verification (Bitit 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — 2x2change or Bitit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Bitit vs 365cash

Let's compare the key features of these two platforms to see which one suits you best:

  • 365cash is a broker Bitit is a broker, both are using the same business model.
  • 365cash had started the business April 2015 Bitit started the business March 2016 (365cash is working for 10 months longer time).
  • 365cash operates without a business registration or there is no information available about it Bitit is an ordinary company without licenses, etc. (Bitit utilizes a safer and more stable business model).
  • Besides buying, selling and exchanging cryptocurrencies, 365cash provides no extra services Bitit provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 3 fiat currencies are available at 365cash Bitit doesn't allow to use any fiat currencies (Bitit supports 3 fiat currencies less).
  • 365cash accepts deposits from and allows withdrawals to 12 fiat payment systems / banks Bitit doesn't support fiat payments in any form (Bitit supports 12 banks and fiat payment systems less).
  • 365cash charges -2% — 5% fee Bitit charges the client 0.25% — 8.75% fee, depending on the currency, payment system, etc. (Bitit has higher fees, generally).
  • Buying limits at 365cash start from $91 and are up to $47,383 Deposit/withdraw limits at Bitit are $57 — $1,695 depending on the payment method (Bitit has lower buying/selling limits).
  • 365cash allows registrations from 255 countries; United States is among the supported ones You may register at Bitit if you reside in one of 97 countries; it serves United States among others (Bitit supports less countries).
  • During the account verification 365cash usually asks for 1 document / procedure: (card verification) User identification at Bitit usually consists of 1 procedure: id verification (Bitit 's KYC policy requires the customer to take less actions or to provide less data).

Although the final decision, which exchange — 365cash or Bitit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Bitit vs 4pay

Let's compare the key features of these two platforms to see which one suits you best:

  • 4pay is a broker Bitit is a broker, both are using the same business model.
  • 4pay had started the business March 2020 Bitit started the business March 2016 (Bitit operates 4 years and 0 months longer).
  • 4pay operates without a business registration or there is no information available about it Bitit is an ordinary company without licenses, etc. (Bitit utilizes a safer and more stable business model).
  • Besides buying and selling cryptocurrencies, 4pay provides no extra services Bitit provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 2 fiat currencies are available at 4pay Bitit doesn't allow to use any fiat currencies (Bitit supports 2 fiat currencies less).
  • 4pay accepts deposits from and allows withdrawals to 8 fiat payment systems / banks Bitit doesn't support fiat payments in any form (Bitit supports 8 banks and fiat payment systems less).
  • 4pay charges -2% — 4% fee Bitit charges the client 0.25% — 8.75% fee, depending on the currency, payment system, etc. (Bitit has higher fees, generally).
  • Buying limits at 4pay start from $248 and are up to $1,374 Deposit/withdraw limits at Bitit are $57 — $1,695 depending on the payment method (Bitit has higher buying/selling limits).
  • 4pay allows registrations from 255 countries; United States is among the supported ones You may register at Bitit if you reside in one of 97 countries; it serves United States among others (Bitit supports less countries).
  • 4pay allows the user to be anonymous, there is no account verification, etc. User identification at Bitit usually consists of 1 procedure: id verification (Bitit 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — 4pay or Bitit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Bitit vs A1Change

Let's compare the key features of these two platforms to see which one suits you best:

  • A1Change is a broker Bitit is a broker, both are using the same business model.
  • A1Change had started the business May 2014 Bitit started the business March 2016 (A1Change is working for 1 years and 10 months longer time).
  • A1Change operates without a business registration or there is no information available about it Bitit is an ordinary company without licenses, etc. (Bitit utilizes a safer and more stable business model).
  • Besides the digital currencies exchange, A1Change provides no extra services Bitit provides the same number of services as A1Change: it just exchanges cryptos.
  • A1Change allows registrations from 255 countries; United States is among the supported ones You may register at Bitit if you reside in one of 97 countries; it serves United States among others (Bitit supports less countries).
  • A1Change allows the user to be anonymous, there is no account verification, etc. User identification at Bitit usually consists of 1 procedure: id verification (Bitit 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — A1Change or Bitit — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is Bitit legit or scam?

Now it's time to draw a conclusion, is Bitit a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign Bitit a rating, but according to our research it's a good exchange. We have found no evidence that this broker is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the Bitit:

  • Although it has no financial licenses, etc. such a business model complies with the regulation
  • The broker doesn't hold customers' funds, instantly delivering monies to your wallet
  • This company has being in the business for a long time; exchange was started 4 years and 3 months ago
  • It charges competitive fees: from 0.25% to 8.75% depending on the payment method
  • The purchase and withdrawal limits are medium: from $57 to $1,695 USD, it depends on a payment system choice
  • Bitit allows registrations from 97 countries; people from United States may use the service

Overall rating for Bitit: N/A
Although we have not collected enough testimonials to assign a rating to Bitit, we can pre-estimate the rating (considering there will be no user complaints) as 95/100.