Bitwala is the easiest way to invest in crypto directly from the Bitwala bank account on Android & IOS.
Bitwala is the bank account for Euro and Cryptocurrency for investing in the future. Through Bitwala, the users are facilitated to invest in cryptocurrencies and earn 3.95% interest per year on the Bitcoin.
Bitwala says that they are the easiest way to invest in crypto and directly buy and sell cryptocurrencies from the bank account. They facilitate an intuitive app, which allows users to trade cryptocurrencies with ease. Users could buy and sell cryptocurrencies like Bitcoin and Ether with ease in just a few swipes.
When investing in real-time, users offer high trading limits at a low cost. They are permitted to trade for up to 30,000 Euro with just 1% fee. Further, the in-app trading charts provide real-time market insights so that they can trade confidently.
The coins of users are stored in non-custodial wallets, which only they will be able to access. Users will be able to send Bitcoin and Ether almost everywhere in just a few minutes. They can do this without the need for a bank. All these are done through the blockchain with the highest security standards.
Sydney Ifergan, the crypto expert, tweeted: “Bitwala is making it easy for people to invest in cryptocurrencies like BTC and ETH, while also making it possible to earn some interest. Good.”
Bitwala on Earning Interest on Bitcoin
Users will be able to earn interest on their bitcoin. The interest account permits users to invest in Bitcoin effortlessly. Monday is the payday with the Bitwala automatic interest payout. The Bitwala product is designed in a way to satisfy everyone ranging from the crypto-savvy to the crypto curious.
Crypto tax, which is about paying taxes for crypto profits, is made easy by Bitwala. Bitwala has partnered with crypto tax, and therefore it is now possible to get the trades documented in an easy-to-export document. The report thus obtained is legally compliant, and the tax report can be submitted in just a few clicks for all the transactions.
The Bitwala Wallets provide for holding Bitcoin and Ethereum. Users are supposed to generate separate wallets for each asset. They are planning to support several cryptocurrencies and digital assets for the future.
Being, a non-custodial system, Bitwala does not actually hold the BTC or ETH, unlike the centralized cryptocurrency exchanges. Only the holder of the private keys to the wallet will be able to get access to the wallet. Bitwala; however, reinstates that users should retain a backup of their private keys and that they should store them safely offline.
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