What Is Bitlio?
Bitlio is a digital exchange, whose services are available in 40 nations globally. With the exchange, customers have an easy and affordable place to buy and sell their bitcoin. It allows users to quickly exchange funds with friends, family, and clients globally. With the Bitlio account, customers can also pay their bills, all using one account.
The exchange prides itself on being compliant with legal requirements of the places in which it operates. Besides that, the exchange has a major emphasis on transparency and security. Thus far, its measures have proven reliable; the exchange has never been hacked nor had any significant security incident. This makes it one of the most trusted brands in the digital exchanges space.
How Bitlio Local Buy, Sell & Transfer Bitcoin Crypto Exchange Works
The exchange has the vision to bring the benefits of the crypto coins to the world. The main priority of the exchange is privacy and security. To ensure that this is the case, 95 percent of the bitcoin is stored offline in a “cold storage” vault. Besides that, they utilize military-grade encryption combined with other types of technologies to ensure users’ funds are safe.
To ensure their operations are smooth, they comply with all legal requirements in the nations, which they operate. To achieve this, they follow the all the industry standard KYC and AML procedures voluntarily.
Additionally, they have great customer support. Every time you have an issue, they will be ready to respond to you via an email address. To ensure that there are no criminals utilizing their platform, they have a very strict user verification system. This ensures that there is no risk of fraud, which will ensure that there is no risk of the exchange being shut down by the authorities.
Costs are also quite low on this exchange. You will have numerous banking options. Additionally, the transactions fees are quite low, starting at just zero percent. For deposits, you will not pay anything. Further, you will find that some of the services on this exchange are free. The good about this exchange is that its founders genuinely believe in crypto. As a result, they are always actively working to boost the adoption of bitcoin via their exchange.
One of the services you will find at Bitlio is money transfer. At the exchange, you can transfer fees directly to banks in the forty countries in which they operate. The global average for sending money internationally is about seven percent in fees. However, at this exchange, the charges are just one percent.
On the exchange, you can also pay bills. If you would like to pay bills via this exchange, you do not need to open a new account. This is quite convenient, as it means that you do not have to visit various sites. Another cool payment feature is repeated payments. This will ensure that you are never late on rent or subscriptions. To start paying bills via the exchange, you just need to fill out a very simple form on the site.