Skip to main content

UK and Europe-Based Users Can Now Buy Bitcoin Cash Inside the Bitcoin.com Walle



In the summer of 2017, Bitcoin.com launched its open source light client and since then more than 3.8 million wallets have been created. We've since added a load of new features to the wallet software and as of April 15, 2019, Bitcoin.com Wallet users in the UK and Europe can purchase bitcoin cash (BCH) directly inside the wallet.

Bitcoin.com's New Buy Feature Aims to Spread Economic Freedom Globally
Bitcoin.com strives to be the leading destination for all your bitcoin needs and our wallet is the perfect example. The open source Bitcoin.com Wallet is designed to be a secure application for sending, receiving, and storing digital assets. It features a simple interface for newcomers and veterans in the space. Our last version of the wallet gave users the ability to swap between BCH and BTC using the Sideshift platform. This week, the latest release of our light client has given U.K. and Europe-based users the ability to purchase BCH directly within the wallet thanks to our new Moonpay integration.

UK and Europe-Based Users Can Buy BCH Directly in the Bitcoin.com Wallet
"Bitcoin cash is a global currency with the potential to put an end to extortionate bank fees, delays, and fraud. But this isn't just an idea: it's usable right now as digital money. Both online and instore, an increasing number of merchants are beginning to accept bitcoin cash." – Roger Ver.

With the new buy service, Bitcoin.com Wallet users from Europe and the U.K. can quickly purchase the cryptocurrency using a credit or debit card. Small fractions of BCH (€150 worth) can be purchased without the need for formally validating your identity. If you want to purchase a larger amount of BCH up to €5,000 daily, and up to €20,000 monthly, verification will be required. One of the earliest angel investors within the cryptocurrency space and CEO of Bitcoin.com, Roger Ver, explained during the announcement that providing these types of resources helps bolster digital currency accessibility.

"We strive to bring economic freedom to everyone, everywhere, and we want to make it easy for everyone to buy bitcoin cash," Ver stated. "With our latest wallet feature, it's never been simpler."

UK and Europe-Based Users Can Buy BCH Directly in the Bitcoin.com Wallet
Bitcoin.com CEO Roger Ver.
Eliminate Exchanges and Reduce Risk by Purchasing Within the Wallet
Because the Bitcoin.com Wallet is noncustodial, it provides a a more secure solution for acquiring crypto because there's no need to deposit funds on a centralized exchange. After a purchase is made within the wallet interface the BCH is sent directly from the official seller to the owner's noncustodial light client. This is in stark contrast to leaving funds on an exchange for a period of time to make a trade. Cryptocurrency exchanges are custodial, which means the exchange has full control of the user's funds at all times.

Exchange breaches have been prevalent within the cryptocurrency industry for years and a few hacks have hit news headlines over the past few months. Canada's largest exchange, Quadriga, lost $145 million recently and Bithumb saw over $19 million worth of cryptocurrency siphoned out of the trading platform. In response to these recent exchange hacks, Roger Ver stated:

"It's a big eye-opener for many people. Buying from an exchange means using their custodial wallet and, even if it's just temporarily while you purchase the coins, the cryptocurrency is still not as secure as it could be — the Bitcoin.com Wallet now lets users sidestep exchanges altogether, so your bitcoin cash is under your control from the moment you buy it."

In addition to introducing the buy bitcoin cash feature to U.K. and Europe-based Bitcoin.com Wallet users, there are plans to roll the service out to more countries soon. To download the latest version and try the new Moonpay service, visit wallet.bitcoin.com today.

Comments

Post a Comment

Popular posts from this blog

What is TogaCoin?

TogaCoin is here to stay for a long time because this token sale is not only about cryptocurrencies but also about other important areas of the world economy. Yes, you heard it right and we will be telling you more interesting things about this token sale right away. Unique Selling Points You will be paid during the token sale. Yes, it is true and you should think about it right away. In fact, you could end up earning up to 20% of the invested money per month. Really? Yes, it is true and you should be happy with it. Explainer video Features These guys have a lot of experience in the world of IT and they will shine with this token sale. TogaCoin's staff will work on the important field of cryptocurrency mining and even in data management. These are amazing fields that could generate a lot of money down the road. Technical Analysis Well, TogaCoin will work hard to make money via these activities: -0Electricity is a very important part of the world econom...
Post a Comment
Read more

The Bitquence Liquidity Network

CryptoCurrency is gaining popularity, however with Bitcoin very user-unfriendly mass adoption is not coming. The Bitquence Platform is aiming to replace Bitcoin with it's many disadvantages with something better. A currency for the people. More and better usability, A wallet which is universal and support several coins, like Bitcoin but also Dash and Ethereum. Please read along to get the latest information about this project which can grow very large. Collection of abnormal pockets programs, With automated sources that oversee a large number of wallets for each and every of your financial paperwork making it exhausting to do. International Cryptocurrencies lately stay on experiencing an especially noteworthy increment, impulsively reaching colossal valuations. The have an effect on at the present economic system modified the psyches of people to take after enhancements within the time of Cryptocurrency. Virtual kinds of cash and blockchain innovation are lat...
Post a Comment
Read more

GrantShares DAO launching to support ecosystem growth and grassroots initiatives

The GrantShares DAO is launching on Neo N3 to distribute funding to grassroots developers and ecosystem beneficial projects. The DAO will manage an initial treasury funded by the Neo Foundation. As the first DAO to launch on Neo N3, GrantShares is designed to provide financial support to smaller initiatives that do not currently fit the scope of Neo's existing grant programs. Voting members of the organization include COZ, AxLabs, Red4Sec, NGD Enterprise, NeoResearch, NEXT, Neo SPCC, Neo Foundation, Neo Global Development, and Neo News Today. Anyone is encouraged to submit a proposal for the members of the DAO to discuss and vote. The initial funding limit for GrantShares is $50,000 per proposal, and can be used to fund local events, dApps, developer tools, education initiatives, and more. Projects seeking larger amounts should apply for grants through one of Neo's Eco Support tracks. The DAO's smart contracts are developed and maintained by AxLabs and have already been dep...
Post a Comment
Read more