pull down to refresh

0 sats \ 2 replies \ @felix 12 Dec 2024 \ parent \ on: wave.space BETA: Get ⚡10,000 sats for testing direct-to-wallet BTC<>EUR exchange bitcoin

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!

write
preview
0 sats \ 1 reply \ @SwapMarket 12 Dec 2024

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...

reply
0 sats \ 0 replies \ @felix 12 Dec 2024

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!

reply