Bittylicious

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Bittylicious logo

Bittylicious is a site selling Bitcoins primarily for UK bank transfers and UK and Europe credit cards. New methods and countries are being added gradually. Bittylicious also offers users the ability to sell Bitcoins to Bittylicious brokers.

Bittylicious provides its services to owners of British Bank accounts, allowing them to instantly acquire any of the offered twenty cryptocurrencies. Bittylicious is a peer-to-peer exchange that connects sellers and buyers with each other via an online interface. Operations on the exchange are carried out very quickly, as the system uses the Protocol of interbank transfers, typical for the UK banks.

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HistoryEdit

Buying Bitcoins in the UK using Bittylicious and a Coinbase wallet

Bittylicious launched for beta testing on June 20, 2013[1] and fully on June 24, 2013.

Since then, various tweaks have been made and Bittylicious is now multi-currency, multi-country and multi-altcoin capable.

DescriptionEdit

The British exchange was launched in 2013. The system operates a Protocol of interbank transfers, through which transactions are made within a few minutes. They are carried out only online.

On this site it is possible to buy and sell 12 different types of cryptocurrencies. In addition to the usual Bitcoins, Litecoin, Dogecoin, Quark and others. With Bittylicious transactions are only in online mode, and to increase the limits will have to go through the verification procedure "Know your client".

The exchange provides escrow with a service that guarantees the receipt of funds to the accounts of sellers and buyers. Personal confirmation of the transaction mandatory implementation of each operation. These measures eliminate almost all risks. Unverified users cannot purchase more than 0.09 bitcoins. In order to increase the limit, it is necessary to pass the verification procedure.

The platform's website is very easy to use. If you need to make a purchase transaction, enter your wallet number and e-mail address in the appropriate fields. Select the desired amount and method of payment. The maximum available amount of currency is displayed under the "Buy"button. There are 5 different payment methods available: Bank transfers, debit and credit cards with 3D function, Paym (mobile payments used in the UK), Pingit Bank Barclay's mobile payment system, Pay Your Contact service of RBS/Natwest banks.

For their part, brokers are paid through the mechanism of spread (the price difference between the sentences "buy" and "sell"), which can reach 30 pounds. The exchange is constantly adding new brokers in the hope that competition will naturally reduce the price difference between the "buy" and "sell"offers. [2]

Sellers pay low fees for their access to the platform, and buyers do not pay any fees at all.

No registration is needed, but users are restricted to buying small amounts until they do register. The following characteristics of a user enable them to buy more Bitcoins:

  • Registered (i.e. email address verified)
  • Mobile phone number verified
  • ID documents verified
  • Bank account verified via miiCard
  • Existing user for a long time

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