The Bittr Blog
8 Reasons to use Bittr
Hodlcat
Oct 8, 2024

You’ve probably noticed there are tons of options out there to buy Bitcoin. But not all services are built the same. Many services have detached themselves from the Bitcoin mindset and are focusing on maximum growth and profit maximization. Compared to many “businesses,” Bittr has been around for a long time and does things differently.

Here are 8 reasons why you should choose Bittr:

1. Established since 2018: The first service to let you send a bank transfer and receive Bitcoin directly into your wallet

Bittr is the OG of this model. We started for one reason: self-custody. Back then, the only option to buy Bitcoin was from an exchange, which was risky. People lost money, and that’s why Bittr was built: to provide an alternative for buying Bitcoin with obligatory self-custody.

2. No registration or complicated KYC process

You don’t need to go through a lengthy registration process or deal with KYC (Know Your Customer) procedures. With Bittr, buying Bitcoin is as simple as sending a bank transfer and receiving Bitcoin directly into your wallet.

3. Faster payouts

We receive your money and convert it within 10 minutes. You’ll get your Bitcoin every 4 hours sent to your wallet. You don’t have to wait all day for your Bitcoin. And because we still batch transactions, mining fees are kept low. That way, you’re not overpaying and still your Bitcoin fast.

4. Transparent pricing: No tricks, no hidden fees

There are a lot of shady practices, especially from exchanges. They make more money with taking a cut of your Sats and call it a “benefit.” We’re not part of that. No hidden fees, no weird price spreads, no fixed payout fees. What you see is what you get. Seriously, no surprises. We like to keep it simple.

5. No compromises on self-custody

Your Bitcoin is yours, always. We don’t hold it or touch it. Self-custody is the core of what we do. You pick your wallet, and we send the Bitcoin right to you. A lot of people let beginners fall into the custody trap (because they think it’s easier to start with), but we don’t believe in exceptions. You should never store decentralized money in a centralized manner. That’s what Bitcoin was created for.

6. Instant purchases

Think our model doesn’t work for instant purchases? We can even help with that: You can buy Bitcoin instantly during dips or if you get FOMO. Send an instant bank transfer, and your price is locked within 10 minutes. Bitcoin is sent to your wallet within 4 hours. Fast & simple.

7. Proven commitment to Bitcoin values

In 2020, we faced regulatory pressure and could have compromised. But instead, we chose to close the project temporarily rather than stray from our values. In 2021, we found a solution to continue running the service without compromising: based in Switzerland and still committed to the real Bitcoin ethos.

8. A true pleb project

We’re not backed by big investors with deep pockets and even deeper demands. Nope, Bittr is a pleb project, built by a Bitcoiner for Bitcoiners. We’re staying true to the ethos of Bitcoin and turning down investors who might push us to compromise. You know what they say: no suits, no problems.

Hodlcat
Author
Hodlcat is a bitcoiner who was impressed by bittr and the authenticity of the project right from the start. So he decided to support Ruben in his mission to make it possible for everyone in Europe to save in Bitcoin. He takes care of the bittr community.