0 sats \ 0 replies \ @_adembilican_ 2 Apr \ parent \ on: Relai AMA AMA
The LN wallet is non-custodial and we'll implement buy/sell via LN this year
You can buy and sell (to EUR or CHF) with Relai. The code is not open source but you can verify the 12 words generated from the app via any other wallet. You can also directly stack to an external wallet using the Relai wallet just to create orders
We can serve all of Europe with our current license but are also applying for a French license currently to be ready for the new MiCA legislation that will come soon
We are from Switzerland and we can benefit from the advantages a Swiss "license" provides. Regarding expansion: #484165
We used to have it like that initially but this ended up creating more problems for our users. We would need to refund if a user forget the code or mistype it, that's why we request our users to create an order first.
We had some plans to launch a Relai VISA or Mastercard card last year but we decided to focus on the savings aspect first. It could be something we can work on in the future though
- Not yet, we currently work with multiple exchanges but are also in touch with some miners for some future collaboration
- We already do at Relai Private where HNWI and Business can acquire Bitcoin with us directly
- That could be interesting. You can already pay in BTC (and now lightning) from the app directly by just scanning any valid QR code
We are definitely aware of such a potential issue, it's true that at some point low amount orders can/will end up being dust. We are therefore working on the following solutions:
- increase the minimum buy amount (currently 25 CHF/EUR)
- updated the referral program not to send too small earnings to the user's wallet (only once user accumulated 10 CHF/EUR)
- working on a solution to encourage users to consolidate: it's more tricky than it sounds as we have a lot of newbies as users
- moving to lightning: we recently released our non-custodial lightning wallet and we'll keep improving from here on to also provide buy/sell orders to lightning directly
Thank you for the kind words, here are a few things that make Relai very special :)
- Bitcoin-only (obviously)
- the possibility to buy/sell without any KYC up to 1'000 CHF/day (and equivalent in EUR)
- a non-custodial Bitcoin wallet integrated in the app to easily hold your sweet sats with peace of mind In addition, we also offer services for HNWI and Businesses via Relai Private
GENESIS