BitLit is a digital trading marketplace specifically centered for cryptocurrency. BitLit lets you exchange items, services, and transfer digital currency to anyone on the web. You can buy or sell anything within this site by using cryptocurrency such as Bitcoin or Ethereum. The site also contains many other things like items, services, jobs, housing, and more. Payment for services requires cryptocurrency so it is much more secure and easier compared to using cash or wire transfer. They accept different kinds of cryptocurrencies:
In addition, they also accept PayPal and cash for some of their services.
Services Offered Thru BitLit Exchange
Since it is a buy and sell website catering for digital currency, most transactions lean towards cryptocurrency. They offer various services such as:
You can also post your selling here easily without a hassle.
If you already have your own digital currency, you can just deposit funds to BitLit using the “Deposit” page. Your funds will appear in your account balance after the confirmation on the blockchain.
Once you have your own funds in your account, you can easily spend it on the services listed on their site. Then, you can pay them easily with their three options for paying, DirectPay, Secure Pay, or RaiPay.
Paying Thru DirectPay
This option lets you transfer funds directly to someone else. Before using this option, you should establish trust with whom you are sending your funds to—otherwise there may be no possibility of a refund by using this option. This option is helpful if you have done business with the person before, or, you know you can trust them. So be very cautious when using this, as there is no going back once the transaction is completed.
Paying Thru Secure Pay
This is the most secure way to handle payments in BitLit. Secure Pay holds your funds in BitLit until you are satisfied with the services provided, whether you send or receive an item. If you or the seller has some issues with the item or the service, BitLit can still get your funds back. BitLit holds the funds until the seller agrees to send/deliver their item or service, or provides a proof.
Paying Thru Rai Pay
Rai Pay is a unique, instant, and feeless method for payment. The RaiBlocks (XRB) price is determined by the US dollar amount specified in the listing, then converted to the current market value in RaiBlocks (XRB). Rai Pay gives you a unique wallet address to send your payment. BitLit then holds the funds until the seller agrees to send or to deliver their item or service, or proof is provided.
Withdrawal Or External Transfers
Withdrawing funds or transferring them in another wallet in BitLit is easy. Just use the “Transfer/Send” link in order to begin your transfer. There will be a small fee for this service
BitLit Trading Cryptocurrency Exchange Conclusion
The great thing about BitLit is that the services mostly require digital currency, which is more hassle-free than wire transfer or using cash. The services they offer are great and you can sell your item or your services very easy with this site. Their payment options are also great and they greatly value the money you put in their hands. Overall, a great website for those buying or selling something.
If you would like to know more about the BitLit service, or further questions, email them at [email protected]