wave.space BETA: Get ⚡10,000 sats for testing direct-to-wallet BTC<>EUR exchange \ stacker news ~bitcoin

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wave.space BETA: Get ⚡10,000 sats for testing direct-to-wallet BTC<>EUR exchange

2760 sats \ 10k boost \ 27 comments \ @Eivydas 12 Dec bitcoin

Hey Bitcoiners!

I'm a Co-Founder @ wave.space - we're building tools to empower your self-custodial wallets, enabling you to live on Bitcoin without compromising on ownership.

We're looking for Bitcoiners, who are interested to test out our very first product "wavelink", which allows you to buy & sell BTC directly between your personal bank account & your own wallet in a matter of minutes (lightning support coming soon).

This is where we need your help! Testing will involve buying & selling BTC between your bank account & your Bitcoin wallet. On top of the 10k sats reward, we will also refund any fees you incur during testing. It should take around 1 hour of your time to go through everything.

If you're interested, please join our Telegram group: https://t.me/wavespacecommunity Our website: https://www.wave.space

Pre-requisites for ⚡10,000 sats reward:

You will need to sign up with your email, mobile phone & pass KYC (EU only)
You will need a EUR bank account
You will be asked to complete a user testing interview or fill out a written feedback form.

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19 sats \ 2 replies \ @aljaz 12 Dec

you mentioned you're adding lightning, would you be interested to support something like https://github.com/breez/fiatlink in the future?

0 sats \ 1 reply \ @felix 12 Dec

I saw this when Roy posted it earlier this year – definitely interesting!

However, I do remember your focus on only supporting non-kyc first... In any case I joined the TG group. :)

20 sats \ 0 replies \ @aljaz 12 Dec

yeah non-kyc makes it easier, but there are already issues opened for collecting requirements for supporting kyc flow on the repo

100 sats \ 3 replies \ @SwapMarket 12 Dec

Well, it is a closed source and hosted on your server. So you are in full control whether the withdrawals will be sent out. This is custodial. If I want KYC, I'll just go to a CEX.

For context, see how we implemented open source, non-custodial, non-KYC, trustless and private trading.

Of course, Striga won't allow you to do it any other way, sadly.

0 sats \ 2 replies \ @felix 12 Dec

Exactly right!

We're not trying to compete with non-KYC options such as SwapMarket. Peer-to-peer options are incredibly important to keep bitcoin open and honest. That's for sure!

However, we believe there's a better way to operate a CEX – Especially considering that Bitcoiners are simply using bitcoin differently than crypto users are using crypto.

We need a better user experience!

Compared to other CEX's, we have certain benefits:

UX is tailored to self-custody users. We want to educate people to Self-Custody. We don't want to hold your assets if we don't need to. From wallet to bank account as fast as physically possible with a CEX!
Euros in, and Euros out are done in your own name! – This will prevent any of your bank accounts from blocking any of your transactions, because they are to (or from) a bank account in your name.

You can literally sell 100,000€ worth of Bitcoin in a couple of minutes, and receive it on your bank account with SEPA Instant – without the receiving bank account auto-blocking you. (Of course, no guarantee they'll block you if you keep doing this multiple times per day for no reason, lol)

Our v1 of wavelink has certain limits, where every transaction needs to be confirmed by the user with 2FA. – However, we're already working on a setup where you can literally send value back and forth without ever needing to touch our platform, once it's set up.

Regarding our future plans, we have sooo many things planned:

Bitcoin Debit Card – Load up your debit card with bitcoin and sell them only when you need to, the moment you need to!
Bitcoin Loans – No need to sell anymore! Borrow Fiat against your Bitcoin
Bitcoin Cashback – Spend at certain merchants and receive 5-50% Bitcoin cashback

Essentially, our core mission is to give you with all the tools you need to live on bitcoin; to go all-in!

0 sats \ 1 reply \ @SwapMarket 12 Dec

This is all good, but "Self-custodial Bitcoin Exchange" is technically false advertising, especially after you will launch the cards with balances on them. You have lots of competition in this space, including Strike, BlackCat, Nexo, Bringin, just of the top of my head. But it's nice to see the space growing. I, personally, will never use it though, unless you start accepting some EUR stable coins to swap for EUR fiat, so that the state has no reason to tax me...

0 sats \ 0 replies \ @felix 12 Dec

Absolutely valid point. I guess we're still figuring out how to explain what we do in one headline, without conveying something that wouldn't be accurate... – Thanks for the info, we'll think about how we can improve the messaging.

Lastly, we're actually already working on a v1 Bitcoin Loans product, which enables you to post BTC as collateral and get USDC in return (which you then will be able to withdraw to your EUR bank account, or use to spend with your wavecard!)

If that's what you're looking for, definitely join us on TG or follow us on X to stay up to date on this 👀

Oh and of course, if you have any particular feature you like (e.g. Bitcoin Loans), we'd absolutely love your upvote/downvote on our product request board!

110 sats \ 1 reply \ @Alby 12 Dec

Join one of our Community Calls! We'll be very happy to meet you and learn about the project, our attendees as well!

0 sats \ 0 replies \ @felix 12 Dec

Gladly! – We'll join the next one :)

0 sats \ 1 reply \ @AG 12 Dec

Why not post an ad on the ~AGORA next time?

0 sats \ 0 replies \ @felix 12 Dec

Oh nice! Didn't know this existed, haven't really been much on SN in 2024...

I'll check it out :)

0 sats \ 3 replies \ @Aardvark 12 Dec

Any plans to incorporate other regions in the future?

0 sats \ 2 replies \ @felix 12 Dec

Sadly, due to all the insanely costly & time-consuming regulatory hurdles, we'll stay EU-only for the foreseeable future.

Better to serve one market as best as we can, rather than serving all the markets, but offer a shitty experience! :)

0 sats \ 1 reply \ @Aardvark 12 Dec

Makes sense to me. Thanks for the reply. 😃

0 sats \ 0 replies \ @felix 12 Dec

Of course! :)

0 sats \ 6 replies \ @DarthCoin 12 Dec

Put a decent example of wallet not that crap scam Exodus... you are literally pushing new users into shitcoining.

1 sat \ 5 replies \ @felix 12 Dec

Just so you know where we come from – For us, it's the other way around...

We chose to put Exodus as an example, because the cold hard reality is that it's one of the most popular "bitcoin"-wallets out there...

You can't use wavespace with any other crypto.

But of course, I do see your problem. Maybe excluding this might be better than trying "save" Exodus users...

What wallets would you like us to demo there? :)

0 sats \ 4 replies \ @DarthCoin 12 Dec

cold hard reality is that it's one of the most popular "bitcoin"-wallets out there...

LOL the most stupid thing I ever heard. Exodus is the most idiotic and shitiest wallet ever. Who use that crap is a fucking shitcoiner and I have no respect for them.

Now is clear this wave.space NGMI. Is trash.

0 sats \ 3 replies \ @felix 12 Dec

I have explained you why we placed Exodus there (In terms of numbers, it's very popular, meaning "many people use it").
I agreed with you, that it might be better to replace Exodus with another wallet, that's Bitcoin-only.
I ask you what wallets you would like us to support by naming there, as I see your point and would like to improve our webpresence & product in general.

...Then you proceed to insult me?

I'm a bit shocked to be honest. I would've expected more constructive support from someone like you.

0 sats \ 2 replies \ @DarthCoin 12 Dec

What's the "insult"? That somebody using Exodus is a shitcoiner? That's the truth. If you are offended by the truth, you are the one having a problem not me.

0 sats \ 1 reply \ @felix 12 Dec

I've never used Exodus in my life. We've simply researched different wallets using Keyword traffic, Appstore downloads, and so on, in order to rank high on Search Engines.

Saying "wavespace is NGMI. Is trash." is an insult to me, considering I built it. That's basic logic, I hope you can agree.

0 sats \ 0 replies \ @DarthCoin 12 Dec

Anything supporting shitcoin is trash. Exodus is a shitcoin app. Pushing new users into Exodus is literally shitcoining. You expose them to that trash. As i said... if you play with shit, you smell like shit.

We've simply researched different wallets using Keyword traffic

LOL that's really dumb

0 sats \ 3 replies \ @DarthCoin 12 Dec

Is only onchain right?

0 sats \ 2 replies \ @Eivydas OP 12 Dec

Yeah, at the moment we're waiting for 1 block confirmation onchain, but we're adding lightning support on the next iteration

0 sats \ 1 reply \ @DarthCoin 12 Dec

You should put a minimum amount, otherwise newbies will buy like shity tiny UTXOs that later will cost a fortune to spend them. Add some educational material for them to read BEFORE they start buying.

0 sats \ 0 replies \ @felix 12 Dec

Valid point.

Currently, minimum amount is 30€ worth of BTC, but depending on how it's used we might even increase it.

0 sats \ 0 replies \ @felix 12 Dec

We'll be hanging around in here for a while! – Curious to hear everyone's thoughts!!