Bitwala is the only bank account that makes trading crypto currencies easy and secure. Sign up for free via my personal link, create a wallet and receive 30€ (normal 15€ but as a special event at the moment it will be 30€). Bitwala is a legit german FinTech bank with real bank license that operates in the EU and is regulated by BaFin.
More than 50,000 customers in the EU already use Bitwala to exchange digital assets online and on the move. Bitwala's offering, means that even average consumers can securely buy and sell crypto currencies such as Bitcoin (BTC) and Ether (ETH).
The newest feature from Bitwala is the new savings account option that allows you to earn interest for your assets direct at your Bitwala Bank account - that interest is payed weekly on mondays. At the moment the rate is 3.95% p.a which is updated weekly.
In order to get the 30€ Promo you need to sign up via a personal ref link, so if you want you can use my link:
https://app.bitwala.com/r/5vwDYVsj
After sign up and verification (KYC) you only need to create your first wallet (BTC or ETH or both) than the promo is valid and will paid into your new Bitwala bank account. You will also receive an email at this point in that Bitwala confirms that you will get the money.
The KYC: Very simple and quick with IDnow
The verification process with IDnow is carried out in compliance with the legal regulations and with specialized interlocutors. As part of the account opening process, the applicant must have their identity successfully verified with IDnow.
The easiest way for KYC is to install the Android or iOS app on your phone and do the video IDnow verification on your smartphone, this is as far as I remember EU wide possible and take absolutely no time. Maybe 10 minutes. Just follow my ref link or scan the following QR code with your mobile phone to download the app.
Who runs the Bitwala Wallets?
All Bitwala wallets are operated by the wallet provider BitGo. BitGo is one of the best known wallet providers and focuses on advanced Internet security.
Each wallet is assigned three keys. Two of these keys are required to use the wallet. The master key is created during the process of setting the wallet password. The master key is only presented to the creator of a wallet and must be noted down immediately. Then the second key, the backup key, is created and must also be written down by the creator.
The third key is the BitGo key (reference key), which is generated by BitGo and securely stored. Neither Bitwala nor BitGo have access to Bitwala Wallets.
In plain language this means that the wallets belong completely to the user, who is the only one who has the private keys, true to the principle "be your own bank".
At the moment you can create the ETH wallet only with mobile phone app, on desktop pc it is not implemented yet but it will be soon.
BTC works on both systems.
