Based in Paris, France, Bitit is a cryptocurrency exchange that was established in 2015 by three friends who were looking to provide traders with a simple trading platform for buying and selling crypto assets without headaches. The Exchange offers the following cryptocurrencies Ethereum, Bitcoin, Ripple, Chainlink, Tether, Litecoin, Cardano, and others.
Bitit Review, Pros & Cons
- An intuitive crypto platform
- A selection of educational resources
- Multiple cryptocurrencies
- Unregulated exchange
- No MetaTrader platform
- Limited trading instruments
- No USA clients
- No mobile trading app
- Limited funding options
- No contact telephone number or live chat support
In this detailed Bitit review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Bitit is basically a cryptocurrency exchange that allows traders to transact cryptocurrencies in few minutes through a simple and intuitive e-commerce platform. It is available in more than 50 countries and lets traders enjoy a fluid e-commerce purchasing experience with a wide variety of educational resources and a client support team on hand to assist traders.
The Exchange is owned and operated by Bitit, a joint-stock company listed in France on the Paris Trade and Companies Register under the number 810222513. There is no regulatory information on the Exchange’s website at the moment, which could pose a red flag to potential traders and investors. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Bitit allows traders from different parts of the globe to open a trading account with them if their respective countries of residence permit online trading with international Exchanges.
Some Bitit features and products mentioned within this Bitit review may not be available to traders from certain countries because of legal restrictions.
The Exchange provides traders with the Bitit trading platform. It is an e-commerce platform with a simple and intuitive interface that facilitates and accelerates your cryptocurrency purchases. The platform can be accessed directly from the Exchange’s website.
Bitit Trading Tools
There are no standalone trading tools on the Exchange’s website at the moment.
Bitit provides traders with a good selection of educational resources that are geared at improving their trading skills and knowledge and keep them updated on the latest happenings in the financial markets. They include blogs, news, articles, and an FAQ section.
Bitit offers the following digital assets: Ethereum, Bitcoin, Ripple, Chainlink, Tether, Litecoin, Cardano, and more.
Bitit Accounts & Fees
Traders are allowed to open a single live trading account to begin trading with Bitit.
As broker fees can vary and change, there may be additional fees that are not listed in this Bitit review. It is imperative to ensure that you check and understand all of the latest information before you open a Bitit broker account for online trading.
Bitit has a client support team that is available 24/7 to respond to traders’ inquiries. They can be contacted through email, social media, or by filling the form provided on the website.
Bitit Deposit & Withdrawal
Bitit accepts the following payment methods for account deposits and withdrawals:
- Credit/Debit cards
- Bank transfer
- Cash voucher
Bitit Account Opening
Opening an account is easy, just click on the ‘Create Your Account’ button on the website and fill in the requested information.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Bitit is an online financial services provider that was launched in France in 2015. They provide traders with an e-commerce platform for buying and selling of multiple cryptocurrencies. There are learning tools and a client support team to assist traders. However, there is no regulatory information on the Exchange’s website at the moment.
The price of crypto-assets is extremely volatile and variations are unpredictable. The price of crypto-assets may increase or decrease very quickly. Buying crypto-assets is high risk and includes the risk of losing the total value of a crypto-assets purchase. You must act with caution and vigilance by limiting your purchases of crypto-assets you can bear to lose without putting yourself in financial jeopardy. As such, it is not recommended that you convert all your liquid assets to crypto-assets given that crypto-assets are volatile and can decrease without warning.