With one valid credit card and some basically informations a customer gets his bitcoins in less than 10 minutes on his wallet. I would add that as the Bitit gift cards are denominated in euros, the value in Euros is redeemed in bitcoins only at the time of the redemption on the Bitit platform. Thus we maintain the exact card value until the consumer activates his gift card to receive his bitcoins. Bitit is a new Bitcoin gift card company that wants to make it easier for Europeans to buy bitcoins. The company believes that their gift cards are a way to smooth the learning curve involved in using bitcoin without an intermediary.

can i buy paxlovid privately Anyone wanting to buy or gift or receive Bitcoins via Bitit still needs a Bitcoin wallet. Bitit hopes to eventually develop its own, but for now, users will need to use a third-party solution. With the recent rise of proof-of-stake blockchain platforms, crypto staking businesses are raking in the cash. We went from broke students coming out of nowhere to being grown adults who stayed true to our original ambition. We’re proud of the products we’ve built, products that enabled hundreds of thousands of customers to access financial freedom. The only regret is that the problem we were trying to solve is still enormous today.

Zhashkiv mail order paxlovid Polygon has acquired Ethereum scaling startup Mir Protocol for $400 million. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Soon after, in December, the deadline to get registered as a virtual asset service provider with France’s financial regulator AMF approached. 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. Our mission is to educate them without exposing them to any risk.


The Paris based team of five will raise a seed round in the coming months. The design and technology behind Bitit already make it a serious Bitcoin buying platform contender. The deposit fees when using credit cards range from 2.90% to 3.50%. Bitit does not explicitly prohibit US-investors from trading on its exchange. In any event, all US-investors should still do their own independent analysis of any problems arising from their residency or citizenship.

This schism has some questioning the future of what others have hailed as a revolutionary financial system. UTC+1 Bitit is a small town and rural commune in El Hajeb Province of the Fès-Meknès region of Morocco. At the time of the 2004 census, the commune had a total population of people living in 1822 households. They bootstrapped Bitit into a fiat-to-crypto onramp in crypto’s initial years. “The only problem that we solved in the last six years was accessibility,” Katan told The Block.

We’ve always been a small company that relied on agility and responsiveness, and we simply don’t have the resources to survive what became an extended period of uncertainty. These issues forced us to make the difficult decision to close the company down, effective today, April 15, 2021. Bitit became one of France’s leading fiat-to-crypto platforms and served over half a million customers since its founding back in 2015. Your input will affect cover photo selection, along with input from other users. Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. TheFamily nurtures Entrepreneurs through education, unfair advantages & capital.

It allows users to buy Bitcoin directly on third-party websites. Bitit has specialized int processing high risks transactions. Selling Bitcoin by credit card is not as easy as selling any other e-commerce goods.

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We have received requests from physical point of sales that would like to sell physical Bitit gift cards. Again the Bitit gift cards are not for the traders who are extremely well educated. As an example for a 25€ Bitit eGift card he will have to pay 25.98€. The concept of Bitit gift cards is about how to improve the user experience of those people who heard about the Bitcoin and who would like to get some but don’t know how to do.

  • Even in this case, we see every day that the user experience we offer is worth spending 2 minutes.
  • I would add that as the Bitit gift cards are denominated in euros, the value in Euros is redeemed in bitcoins only at the time of the redemption on the Bitit platform.
  • While the hardcore Bitcoiners among us would argue that a gift card doesn’t constitute “really” using bitcoin, Bitit believes that their product is a good way for people to at least get started.
  • Credit cards were the most popular payment option at Bitit, Katan told The Block.

The company will be limiting credit/debit card purchases to 500€ worth of Bitcoin per week, compared to $10,000 per week when buying Bitcoin with cash through Neosurf prepaid voucher. This is a story in the making for a startup which has big product ambitions and wants to play a major role in the cryptocurrency space. Bitit is starting from scratch again and is rethinking its Bitcoin buying platform service. Non-European customers can also create a Bitit EUR wallet should they so wish. Different from most other exchanges, you can now even buy cryptocurrency with cash here, if you use a CASHlib or Neosurf voucher.

Bitit Ceo: gift Cards Are A Good Solution For Bitcoin Adoption

Super Speedy Delivery All our orders are sent to you using the best trackable courier services. 100% Money back guarantee We stand by our products with a 100% Money Back Guarantee. is an outreach project of the Hudson Institute of Mineralogy, a 501 not-for-profit Over-the-Counter organization. We distribute Internet number resources to our members and provide tools to help them manage their allocations and assignments. These twin issues forced us to make the difficult decision to close the company down, effective today, April 15, 2021.


By intellectually routing transactions and understanding the risk model for online transactions, Swing trading increases the profitability for each customer by inherently increasing their life-time value. Last but not least, there is no identity verification for your first 25€ Bitcoin purchase, which is really appealing for Bitcoin enthusiasts who want to buy their first Bitcoin. Also all Bitit users can earn points and redeem them to save on their Bitcoin purchase. ViaMichelin traffic updates Rich, accurate ViaMichelin traffic updates offer you extensive geographic coverage and real-time information bulletins. We support members and the RIPE community through several channels to offer timely and efficient help – whether it’s a ticket, a tweet or a training course. The smooth running of the Internet depends on the involvement of those who give their input on membership and policy issues.

The Bitit exchange is registered under the name Bitit SAS and incorporated in Paris, France. From the start, Bitit says it is available in any one of 100,000 stores, thanks to a partnership with Neosurf. Like Flexepin, Neosurf makes vouchers that let anyone use cash to buy a special gift card.

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Credit cards were the most popular payment option at Bitit, Katan told The Block. So when the acquirer stopped working with Bitit due to its internal policies around working with crypto firms, it took almost two months for Bitit to find another acquirer. We want to thank you, our customers, for all the support you’ve given us along the way.

On the consumer end, there are no wallets involved or keys to remember, all they do is sign up for a Bitit account and receive a euro-denominated gift card funded with bitcoin. And soon, people will be able to buy plastic gift cards or electronic vouchers to give as presents. The company currently has the Bitcoin gift cards for sale as part of a trial at La Maison du Bitcoin in Paris, a meetup space for people working on projects related to the virtual currency.

That card can then be used to make one-time purchases on the Internet. But Neosurf is already more widely in use, which means it can give Bitit access to its 100,000 store partners. Currently the company is in negotiation with new distribution network specialists to launch cash-for-Bitcoin, buying in more than 200K+ convenience stores around the world. They are also gaining interest from those distribution network specialists to add the Bitit gift card on their network. Of course we are considering international expansion in Europe but also other continents.

Bitit is the leading non-custodial crypto brokerage platform in France. Our mission is to give any individual – no matter where on earth they live – an on-ramp to leading crypto-assets via a simple platform, helping them to protect and manage their financial wellbeing. We are really happy with the reception our customers gave to the Bitit gift cards, and we would like to thank them for their confidence.

However, the fundamental system can remain complicated for a non-technical person. And because there are high rates of fraud, many exchange services can charge people who want to buy and sell Bitcoins fees of up to 20 percent. Despite questions about Bitcoin’s future, a new Paris-based startup called Bitit has created a service designed to make it easier than ever for average people to acquire the virtual currency.


For a lot of people, getting one bitcoin is still difficult, complicated and time consuming. Prior to RocketReach, we would reach out to people through professional networking sites like Linkedln. With the shear number of contacts we’ve been able to find using RocketReach, the platform has probably saved us nearly five years’ worth of waiting. TemplateMonster is a marketplace where you can buy everything you need to create a website. Hundreds of independent developers sell their products here so that you could create your own unique project.

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We also want to thank our employees, investors and financial partners who trusted us from the beginning. Block user Prevent this user from interacting with your repositories and sending you notifications. You can help our automatic cover photo selection by reporting an unsuitable photo. Hopefully our exponential growth will convince some investors to follow us for our next funding roundtable and help us grow faster outside of Europe. We already have conducted some tests in Europe and the first results are very promising. Now we accept applications from brick and mortar merchants and POS networks.

“We are going to close Bitit by the end of April,” Bitit co-founder and CEO Nicolas Katan told The Block in an exclusive interview. The firm is disabling its buy and sell features on Thursday and is set to halt withdrawals on April 30. French crypto brokerage Bitit is shutting down after six years of service. We fought to build a product that worked for you, with no compromises. It was a crazy ride, 6 years of a continuous roller coaster, 6 years of falling and recovering, 6 years of resilience. And we did it all with just €5000 in initial capital and no marketing, just word of mouth.


In a worst case scenario, they are still prohibited from trading at one or several exchanges that could be the best cryptocurrency exchange site for them. AWS Activate offers free tools, training, and more for startups to help you quickly build and scale quickly – plus, you can receive up to $100,000 Activate credits. To get around these problems and extend the potential benefits of Bitcoin to everyone, Bitit now lets people walk into physical stores and buy the virtual currency with cash. The startup also lets people purchase Bitcoins online through the company’s website.

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Of course we have some customers who want to buy up to 200€ per week. Even in this case, we see every day that the user experience we offer is worth spending 2 minutes. Power up your marketing and get people to pay attention to your business, pursuit, or clients. Find prospects, develop your lists, and track your marketing campaigns without even having to leave the RocketReach suite. Find the most crucial people you need to bring your product to with our advanced search features and then immediately take action, leaving your competition in the dust. From it’s start nearly 8 months ago Bitit had processed more than half millions euros, user growth exceeded expectations, and the company spent a lot of time addressing feature requests.


ViaMichelin offers free online accommodation booking in Bitit. In partnership with Booking, we offer a wide range of accommodation (hotels, gîtes, B&Bs, campsites, apartments) in the location of your choice. You can also view and book hotels selected from the MICHELIN guide.

These vouchers are apparently available in more than 150,000 stores across the world. You are now able to invest in 27 cryptocurrencies using 15 fiat currencies by credit/debit card and by cash with Neosurf and Cashlib. It’s a good jump-start for a small startup that has yet to raise its first round of funding. The company was just formed last year, with the support of Paris’ The Family, a startup incubator that gave Bitit $20,000 last year to get started. And so far, Bitit has processed about $60,000 worth of Bitcoin transactions.

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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. That’s why we think the Bitit gift cards are a good solution. Buying with a credit card and one email address in order to get your bitcoin in less than 10 minutes.

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We think we provide one of the best user experiences out there, and try to find new ways everyday to push that envelope even further. The company says it now has 19,000 partner stores in the U.S., where people can purchase a Bitcoin voucher from the cashier with cash. The key to Bitit’s process is that it has arrangements with partners (it can’t reveal the names) to buy Bitcoins on a regular schedule. At the moment, many users have been reporting that it can take a week or more for the Blockchain to process a transaction. Bitit eliminates that delay for users by having the Bitcoins ready to deliver in as little as 10 minutes.

We’ve been getting a lot of user requests to add various coins and tokens to the Bitit Platform, and we are working diligently to make that happen. We work every day to make Bitit simple and useful, without the need to read a giant FAQ. By using this site, you agree to the Terms of Use and Privacy Policy. They can buy up to $500 after that, but must submit a series of documents to confirm their identity in the system.

There are more than one cryptocurrency exchange in the land of wine, baguettes and romance, but not incredibly many as in United Kingdom or USA. To find a reliable exchange where you can start an account, just use ourExchange Filtersand we’ll help you find the right platform for you. At Bitit, we’re always looking for ways to make life easier for our customers looking to invest in cryptocurrencies.

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.

He declined to name the acquirer, but The Block has learned it was Transact Payments. A credit card acquirer helps merchants process credit or debit card payments. 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.

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And there are many ways to get involved, online and in person. On 5 February 2019, however, the exchange announced that they would now also enable SEPA-transfers in EUR. Moreover, on 20 November 2019, Bitit started accepting Skrill-transfers. Our company focus on simple UX and compliance stood out in a corner of the internet too often known for opacity and frictions. Merchants We’ve gathered some of the best merchants that accept crypto in one place.NFT Markets All marketplaces for NFTs in one, easy to compare, list. We are excited to announce that we have added Ripple and Litecoin purchases to Bitit’s offerings.

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They are based in Paris, France and they give us support in order to anticipate and manage our growth. They made a good choice, as we are the first Bitcoin startup hosted at TheFamily. So for this service, we think our customers receive good value in exchange of their confidence. Let’s be clear, our service is for the people who don’t know or have no time to learn how to use bitcoin by themselves.

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Get the latest news and best offers from the crypto community by joining our newsletter. Despite being one of France’s leading fiat-to-crypto platforms and serving over half a million customers since its founding back in 2015, Bitit is closing its doors. Since Bitit’s inception, our aim has been to build the easiest bridge between the worlds of fiat and cryptocurrency while maintaining a highly secure and trustworthy environment for our customers.

As for what’s next, Katan said he would take some time off and then return to the crypto space. As for Mare and Potier, they will pursue personal projects, said Katan. Bitit claims to have served around 500,000 customers from over 50 countries and processed over $230 million worth of transactions. “We did it all with €5000 [around $6,000] in initial capital and less than €215,000 [around $260,000] raised,” said Katan. The closure comes at a time when the crypto market is in a bull run and bitcoin is trading near all-time highs of above $62,000.

We are really excited to have these coins listed on bitit , and we are working to bring more investment options to Bitit users. Katan said he is currently in the process of raising the company’s first official round of venture capital so he can expand his three-person team. The trick, and what Bitit hopes will be its secret weapon, lies in algorithms it has written to help minimize its risk profile. This works by carefully balancing the rate at which the company buys Bitcoin and the rate at which customers purchase the currency. The company’s debut comes amida big debate within the Bitcoin communityabout how to evolve the Blockchain technology behind the virtual currency so the system can continue to expand.

We didn’t raise big amounts of money, we just stayed resilient and tried to nurture the company each day. Because no platform in 2014 provided an easy way to buy Bitcoin. NOBODY. There were a few crappy websites that you wouldn’t want to get close to even by tapping on your keyboard with a wooden stick .

We share a focus on building products that enable consumers to significantly improve their financial lives, and are honored to have been a small part of your journey. We received testimonies from customers telling how much they were happy not having to call their banks, initiate a wire transfer and wait for 2-3 days. Gaana offers you free, unlimited access to over 30 million Hindi Songs, Bollywood Music, English MP3 songs, Regional Music & Mirchi Play.

Once customers receive their bitcoin-funded cards, they can spend them like a normal gift card. On each transaction, though, there is a 3.9% fee, which is pretty steep. Bitit have 3 distribution channels, but the company is now creating new financial services where third parties can add a Bitit functionality into their websites and applications.

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To an experienced Bitcoiner, it may seem like much less of a hassle to just buy bitcoin on an exchange by yourself. 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.

Traditional gift cards can be redeemed into products or some kind of digital money but always in a centralized environment controlled by the gift card emitter. While the hardcore Bitcoiners among us would argue that a gift card doesn’t constitute “really” using bitcoin, Bitit believes that their product is a good way for people to at least get started. Parisian startup incubator TheFamily seems to agree with Bitit, accepting the gift card startup as its first Bitcoin project.

It should be noted that Bitit is not the only company trying to tackle these issues. For instance,BitAccess has deployed Bitcoin ATM machinesin the U.S., Canada, and Europe that let folks deposit cash and receive Bitcoins. The company also recently struck a deal with Flexepin, which also lets people buy vouchers for online purchases. The new partnerships will allow people to buy Flexepin vouchers to use with BitAccess in6,000 locations in Canada. Last September, Bitit lost its credit card acquirer, which heavily impacted its business, said Katan.