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Bitwala my first impressions

Bitwala my first impressions

The Bitwala Account

Bitwala is a new FinTech styled bank and crypto account that incorporates the features found in many challenger banks such as Monzo and Starling, but the added feature is that you buy, sell and store your crypto.

Bitwala main service offering is that it's a Bank Account, Wallet, Trading platform and has a Bank Card (Mastercard). While the company has been created as a result of funds from an EU2020 project and you need to be a citizen of the European Economic Area (EEA), the company also supports nationalities from over 70+ countries.

Key selling points:

  • Open an account within 5 minutes.
  • Very low trading fees fixed at 1% per transaction.
  • 0% transfer or withdrawal fees.
  • It’s a non-custodial wallet (you own your private keys).
  • Calculates your crypto taxes for you.
  • Offers a passive income and interest on crypto.
  • A great referral system, both parties get ‎€30.

Bitwala Euro and Crypto fees
I have to admit, it took me longer than 5 minutes to sign up. Warning: if you don’t enter your details correctly the first time, you’ll need assistance to get them changed, however, the customer service is pretty good and they're quite quick.

'If you want to introduce a noob,a non-crypto or your grandma,this is account for you!'

First Impressions: Pros

Both the mobile app and website's user interface (UI) is beautiful, simple, clean, uncluttered and minimalist. It’s extremely user friendly and has been designed with non-traditional crypto users in mind.
The big bold lettering and oversized font size, means it's highly accessible for all ages and dare I say older people. Clearly mass use and adoption is their aim. If you want to introduce a noob, a non-crypto or your grandma, this is account for you!
It's secure from the outset, as soon as you create your Bitcoin Wallet they explain the importance of remembering your 12 phrase Main Key, your 12 phrase backup key and your separate backup reference, and it’s 2FA enabled straightaway. That's right, you own your keys - so you own your crypto!
It’s clear Bitwala emphasizes simplicity, trust and ease of use as its main offering, however, it’s clear the product is in its earlier stages and isn’t feature packed.
Nevertheless, their partnership with Celsius means you can earn a passive income from hodling your Bitcoin and receive an interest rate of 4%* paid weekly - no minimum amount or lock in period.
It offers basic charting functionality 'day, month, year and all' currently, and it only supports BTC and ETH at the moment. It is an EU Horizon 2020 sanctioned project with banking services managed by Solaris Bank, which can support you with your crypto taxes - so you will need to go through KYC verification.

Bitwala is designed for beginners and hodlers


The crypto community can learn a trick or two from Bitwala. It's got a logical and intuitive UI, and a smooth, pleasant user experience. It’s uncomplicated approach means it’ll be easier to get novices into saving, trading or sending cryptocurrencies.
Overall its a very promising start, its really low fees and 0% withdrawal or transfer fees makes it an attractive proposition. With time, if Bitwala incorporates rich features found in Starling, Monzo or Revolt, and expands on its DeFi hodler options - Bitwala could become a real hybrid-challenger bank of the future. Its user friendly approach and with EU support, it seems like a service built for mass adoption.

If you want to check Bitwala out, use the following link and we both get ‎€30.

Or, if you just want €30 you can use the Bitwala link as well!

I hope you enjoyed the post...
submitted by careykoni to u/careykoni [link] [comments]

Germany: Crypto-Friendly Bank Offers Four Percent Annual Interest on Bitcoin (BTC)

Germany: Crypto-Friendly Bank Offers Four Percent Annual Interest on Bitcoin (BTC)

Bitwala, a Berlin-based crypto-friendly bank, has joined forces with Celsius, a leading crypto lending platform, to offer its clients up to four percent annual interest on their Bitcoin (BTC) holdings. With the innovative initiative, Bitwala has become the first-ever traditional bank to offer users interest on their crypto holdings, according to reports on May 14, 2020.

Bitwala Bank Gets Even Better

At a time when interest in the world’s flagship cryptocurrency is at a very strong point, with bitcoin enthusiasts anticipating another strong bull run, Bitwala has joined forces with Celsius Network to spice up the party for Bitcoin (BTC) hodlers.
Per sources close to the matter, regulated German neobank Bitwala has joined forces with Celsius crypto lending platform to make it possible for clients to earn up to four percent interest annually on their bitcoin deposits.
While a handful of decentralized finance (DeFi) platforms including BlockFi, Constant and ETHlend offer users interest on their bitcoin holdings, Bitwala has made history as the first regulated fiat bank to achieve such a milestone.
Founded in 2015, Bitwala is under license from Germany’s SolarisBank and the former boasts over 80,000 customers, with a presence in 32 European jurisdictions. Bitwala says its users can purchase and hold as little as EUR 10 ($10.8) and earn weekly interests.
The firm says interest rates are calculated by Celcius every week based on the demand for bitcoin by institutional borrowers. Importantly, Bitwala has made it clear that the service comes with no additional fees.
Commenting on the innovative initiative, Ben Jones, CEO of Bitwala reiterated that the move is a forward-thinking maneuver, especially at this when the world is battling with the COVID-19 induced financial crisis.
In his words:
At this time, more and more people rust in Bitcoin. Bitwala is the everyday bridge to it. We are now partnering with Celsius Network, a leading provider of crypto loans so that our customers can leverage bitcoin holdings wherever they are.
Bitwala offers users regular banking and cryptocurrency trading services through its app or on desktop. Users are also provided with a contactless Mastercard debit card for seamless fund withdrawals.
It’s worth noting that the gap between traditional finance and the cryptospace is gradually closing up with each passing day.
As reported by BTCManager on May 12, America’s largest bank, JPMorgan inked a partnership deal with leading cryptocurrency exchanges, Coinbase, and Gemini. The deal will enable JPMorgan to offer banking services to the bitcoin trading platforms.
Originally posted by Ogwu Osaemezu Emmanuel on May 14, 2020 BTC Manager
submitted by kjonesatjaagnet to JAAGNet [link] [comments]

r/Bitcoin recap - August 2019

Hi Bitcoiners!
I’m back with the 32nd monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you an overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in August 2019
Development * Bitcoin Core Developer Andrew Chow is straming his code tests on Twitch (7 Aug)
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Interview Bitwala CFO Christoph Iwaniez - Bitcoin Märkte und Insights How to Calculate Bitcoin Transaction Size Bitwala Bitcoin Wallet anlegen Bitwala Bitcoin Interest - Alle Infos zum neuen Service! Some Known Facts About Bitcoin Return Calculator - Investment on Any Date and Inflation.

Het Duitse Bitwala, een bank die bekend staat om zijn crypto-bankrekeningen, is de samenwerking aangegaan met de het decentralized finance (DeFi) platform Celsius.Dankzij de samenwerking kunnen klanten van Bitwala nu rente verdienen over hun bij Bitwala gestalde bitcoin (BTC).. Bitwala lanceerde in augustus 2019 een bankrekening waarin een bitcoin wallet geïntegreerd is. Thanks for sharing that. Please be aware that we start paying out as soon as a Bitwala Bitcoin or Ethereum wallet has been created. For example, you fully verified on the 12th of May and then created a Bitwala Bitcoin wallet two weeks later on the 26th of May, it can well be that your bonus is not credited yet. Bitcoin Calculator. The CoinDesk Bitcoin Calculator tool allows you to convert any amount to and from bitcoin (up to six decimal places) and your preferred world currencies, with conversion rates Neobanking service provider Bitwala on Thursday introduced a new account that offers its 80,000 European customers passive bitcoin (BTC) income. The Bitwala Interest Account allows users to earn up to 4.3% interest per annum for BTC held at the bank. According to the Berlin-based company, account ho.. The Bitwala bitcoin Wallet is a secure and convenient way to manage your bitcoin and the perfect companion to your Bitwala account. Built for the blockchain generation, the wallet will allow you to generate and keep your private keys so that you are always in control of your bitcoin. Exchange rates and calculator. 3.4. 3 MB. Coin Stats

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Interview Bitwala CFO Christoph Iwaniez - Bitcoin Märkte und Insights

The *new* Bitwala mobile app has landed - we are now officially live for everyone! Here’s what’s new: ️ New users can sign-up directly in-app ️Users can now create a bitcoin wallet ... Hallo zusammen, in diesem Video spreche ich über Bitwala Interest dem neuen Service um Bitcoin zu verleihen. Viel Spaß! Bitwala, jetzt anmelden und 35€ auf das Konto bekommen! https://ref ... #842 Sechs Billionen Stimulus Paket USA, China CBDC & XRP - Nach dem Dump ist vor dem Dump - Duration: 10:20. Bitcoin Informant 4,096 views. New Every time we send a bitcoin transaction, we pay a fee relative to its size. Strangely, this has almost nothing to do with how much money is being sent -- the blockchain world just isn't that simple! Bitcoin reaching the highest hash rate ever, while the mining difficulty is at an all-time high. Chainlink’s spike in price and interest sets the target to the moon. Binance rolling out a crypto ...

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