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Bitvalex Reviews

About the company

Bitvalex is a digital asset exchange based in Europe. The firm was created in 2018 and is run by Global Xchange OÜ, a corporation based in Estonia. By providing a full alternative to traditional banking, the business hopes to popularize blockchain services. The company provides customers with a prepaid debit card and operates as a payment gateway for online transactions in addition to trading cryptocurrency pairings.

You must be at least 18 years old and have an active email address to register. Unverified, verified, and corporate KYC verification are the three degrees of verification. You will only be allowed to deposit and withdraw bitcoin as an unconfirmed user. Users who have been verified can make fiat deposits, withdrawals, and transactions. Both cryptocurrency and fiat money is accepted by corporate accounts. In most cases, a personal check is processed within 24 hours. Corporate account verification might take anywhere from one to five days.

Bitcoin, Litecoin, Ethereum, and Bitcoin Cash are all supported by the Bitvalex trading platform. They can be used in conjunction with Euros or US Dollars.

Wallet

The company has an integrated paper wallet, which allows you to deposit, withdraw, trade, and safely keep Euros or US Dollars. All KYC-certified users get a free digital wallet. The wallet employs both hot and cold storage methods. This implies that the deposit address and the shipment address will be different. It’s critical to double-check that the address you want to deposit to appears on your deposit page. You will not have access to the private keys of the sender’s addresses while displaying. You must first transfer cash to your private wallet and then deposit your digital assets from there if you need to be the owner of the shipping address, such as when depositing an initial coin offering.

The company’s debit card

Bitvalex is planning to launch a global prepaid Mastercard shortly. This card may be used to make payments online, offline, and internationally, making it ideal for travelers or anybody bored of traditional banking. By exchanging digital assets into euros, you can rapidly reload your account on the card. Furthermore, the BVX virtual prepaid card may be acquired instantaneously and used for online transactions as well as recurring online subscriptions.

Bitvalex Отзывы

OTC Shopping Center

The Bitvalex OTC marketplace may be used to buy or sell significant amounts of any of the platform’s supported cryptocurrencies. You’ll need a properly verified account with a minimum balance of USD 100,000, EUR, or the equivalent in cryptocurrency.

The majority of OTC deals in your account settle on the same day. Following that, the funds can be withdrawn or spent on the site. The company will assign you an OTC special agent that will assist you until your order is paid in full.

Payment Gateway

The company plans to provide a secure blockchain-based payment solution that will allow retailers to accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash payments shortly. By following the simple API instructions, merchants may quickly incorporate the company’s API into their website. For payment gateway integration, Bitvalex does not charge merchants any fees. A commission is charged to customers, which is factored into the crypto-to-fiat conversion rate.

Fees

  • SEPA bank transfers – deposits € 1; withdrawals 10 euros.
  • Bank transfer WIRE / SWIFT – The cost of the deposit is 35 EUR / USD + 0.4% of the transfer amount
  • Visa or MasterCard – the cost of the deposit is 3.2%; the withdrawal is 1%.
  • AdvCash – The deposit is 3% of the transfer amount; withdrawal is free.

Crypto Withdrawal fees:

  • Bitcoin – 0.0005
  • Litecoin – 0.001
  • Ethereum – 0.005
  • Bitcoin Cash – 0.001

Prepaid Debit Card Fees

Physical map

  • Price: € 14.99.
  • Delivery: Free, 5-9 business days.
  • Card activation: free
  • Monthly maintenance fee: 1.80 euros.
  • Card download fee: 0.75%
  • Withdrawals from ATMs within/outside the EU: 2%, minimum € 2.00 / 3%, minimum € 5.00
  • Commission for POS terminals inside / outside the EU: 0.00% / 0.80%
  • Currency exchange: 2.50%

Virtual card

  • Price: 1.99 euros.
  • Delivery: Free, instant.
  • Card activation: free
  • Monthly maintenance fee: 1.80 euros.
  • Card download fee: 0.75%
  • Commission for POS terminals inside / outside the EU: 0.00% / 0.80%
  • Currency exchange: 2.50%

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