Bitit, a bitcoin and cryptocurrency exchange service out of Paris, announced today activation of its new EUR wallet feature, which will enable customers of the 35 SEPA-supported European Union to deposit EUR into their Bitit wallet to use towards crypto purchases.
Upon transferring to their Bitit wallet, customers will see their money credited to their Bitit EUR wallet which can then be stored safely and securely in their Bitit accounts or traded 24/7 for other crypto-assets. Non-European customers will also have the ability to create a Bitit EUR wallet.
By opening a EUR Wallet, Bitit users will get access to an individual and unique EUR IBAN in their name. There is no balance limit and users are able to make as many deposits and withdrawals as they wish.
Purchases of up to €30,000 per week are allowed, making the Bitit EUR wallet ideal high volume purchases are needed. The fees amount to 0.25% per trade and 0.15% for deposits and withdrawals (minimum €3).
Until now, the maximum a user could purchase during one day or one week was €1500, and it had to be bought by credit card.
“Europe is our main market, and we’ve been asked so many times for the ability to hold traditional currencies with Bitit. Now we’re giving investors that opportunity.”
The roadmap in the near term will see Bitit start rolling out new fiat currencies for Bitit accounts. along with incorporating a much-requested “Sell” feature where customers will be able to sell their crypto-assets directly into their EUR wallet.