Empowered with Your Own Bank/Cold Storage Bitcoin Wallet
Bit Bank© is made up of instructions accessible to you right after purchase. The instructions allow you to setup a Cold Storage Bitcoin wallet. This is a money saving, more secure and more private way to store your valued Bitcoins. Like a savings account you create and manage. Send and receive Bitcoins to it today!
Anyone sending money overseas should be able to save up to 7% by using Bit Bank©
You can see in video a comparison for transaction costs using Bank Wire, Paypal and Bitcoin.
Merchants receiving money may save up to 3% on their current transaction cost by accepting Bitcoin using Bit Bank©
An example of an online Bitcoin (BTC) wallet’s use; If you are a business planning to or currently receiving over £4,000 p.m then you know that payment processors and bank charges are currently between 3% to 7% for merchant services to process fiat currency payment. They include % of each sale, flat per-transaction fee, exchange rate, equipment rental, monthly minimum and charge backs. Not to mention any additional bank fees or the possible freezing of your business bank account until you comply with their latest KYC AML or any other alphabet soup acronym invented to bring about your monies outright confiscation (sources illustrating the threat; news).
Further barriers for web-only and telemarketing businesses exist as they are considered “high risk”.
Accepting BTC could be the solution for you, however storing BTC online, whether it be in an e-wallet, payment processor, broker, exchange or with a custodian has inherent risks. You may be aware that some of these on line facilities have been hacked and BTC stolen and gone forever. Bit Bank© is a cold storage/offline solution designed to empower you to be your own BTC bank and have complete secure 24/7 control over that online although you hold it in your own Cold Storage. It is not held or provided by us, but we provide you with detailed instructions on setting up! Not to mention the time and huge financial savings that could benefit your business instead of merchant service provider. The transaction costs are as little as 0.0001 BTC per transaction payable to the BTC network. Therefore:
Is it sensible:
- to pay insolvent banks to hold your currency? Negative interest rates are now common.
- to lend your savings to insolvent governments for 10 years at 2% interest or less when history shows us that the purchasing power of the currency will decrease far more than 2% per year?
- that the time value of currency is effectively zero? Zero or negative interest rates are not a sign of economic health.
- to offer your funds for merchants and banks to freeze them and confiscate them?
Advantages of Bit Bank© to anyone
- Can be used as a secure private liquid debt free store of value for your BTC.
- Asset diversification.
- Sounder monetary systems.
- Dilute your political risk.
- Make transfers to any Bitcoin address within 1 hour.
- Ability to act quickly without limits on minimum or maximum transfer amounts.
- Savings can be held in deflationary money (BTC), without ongoing maintenance fees.
- It can work along side other forms of payment.
- Maintain more privacy.
- Maximize your personal freedom.
- Eliminate recurring transaction costs for receiving payments.
- Eliminate electronic transfer costs by paying/sending BTC globally. This is much cheaper than using a traditional money transfer service.
- Eliminate currency conversion fees.
- Eliminate charge backs for merchants.
- Eliminate fraud as transaction tracking is open ledger.
- Eliminate negative bank rates that savers will have to pay banks for holding their money.
- Speed up transaction time. You can see unconfirmed transactions immediately and confirmed in about 15 min to an hour.
- Tap into a growing market population that are holding BTC and looking for useful ways to spend them.
- Accept/earn payment in a currency (BTC) that is growing in value (deflationary) relative to every other asset class. You could be accepting 1 BTC today which is valued at $550 (was valued at $0.03 in 2009 on launch) and is estimated to be valued over $100,000 over next few years! This is better than the loss of buying power fiat currency is currently experiencing. Here is where USD purchasing power has been and is most likely going.
- Check your transactions, receive and spend BTC through almost any internet device.
- Effortlessly cold self store your BTC securely off line!
- Eliminate risk of loosing your BTC associated with storing BTC with an online wallet/exchange (that is off blockchain) that could cease trading like MT Gox or the theft of 19,000 BTC from Bitstamp.
- Eliminate risk of loosing your BTC even if we or wallet provider cease trading.
- Eliminate the restrictions of cross border travelling with cash, gold.
- Eliminate the difficult bank KYC and AML inquisition every time you want to transact with your own fiat currency.
- Eliminate the difficulty in opening merchant/bank account for new businesses considered to be high risk such as those involved in Telemarketing, Gambling, Adult, Dating agencies, Escort agencies, Licensed Hemp dispensaries in U.S.A.
- Can make transactions anonymous by combining with tumbler service.
- Following our step by step set up guide takes about 1 hour once you have your BTC!
- No one can take or freeze your funds as you will be solely responsible for the safety of your own wallet.
- Fairer and less opaque financial system with use of “Smart Contracts“.
- No monthly fees.
- No purchase of any other service required.
- Set up support included via skype or email.
- We can accept payments from clients resident in all countries except Cuba, Egypt, Ghana, Iran, Iraq, Libya, Malaysia, Nigeria, North Korea, Pakistan, Turkey.
If you choose to pay with BTC you must first buy BTC if you do not own any, for instructions visit FAQ number 12.
Your Bit Bank© wallet is as simple as a single pairing of a Bitcoin address with its corresponding Bitcoin Private Key. Below are two examples of wallets with no funds in them.
Send and receive BTC to your offline address today. Setup your wallet that will be created and owned by you by following Bit Bank© written instructions.
How to Order:
Bit Bank© for $295
Bit Bank© with Press Release and Media Distribution for $395.