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Europe´s easiest Bitcoin App revisited

Relai is Europe’s easiest Bitcoin app, buy an sell Bitcoin without registration and KYC.


In December 2020 I stumbled upon Relai and wrote my first article about this startup. Now it is time to take a look what happened in the meantime. Spoiler: Relai is constantly developing and reach out to more and more users.

It began in early 2021 with minor app updates like: Push Notifications ,show Fiat values of each BTC transaction, BIP21 support and a more reactive app. Because of the growth they created several national telegram channels, for instant Relai Italy channel and the Relai English channel.


In Summer 2021 they raised over 2,7 million $ in a series A funding round. Redalpine, Polytech Ventures, Fulgur Ventures and ACE & Company contributed to the series A. This money was used to become its own broker (Virtual Asset Service Provider (VASP)) and Relai is no longer dependent on its previous partner Bitly.

Since summer 2021 it is also possible to buy and send bitcoin directly to an external hardware wallet. You only have to prove via signing, that the wallet belongs to you. You can find an instruction here.


In Autumn 2021 Relai completely overhauled its app with a completely new branding and a more streamlined user experience. With the release of the new app they introduced a new fee structure as well, it´s quite easy:

Relai basic fee start at 2,5%

It goes down to 2% for transaction > 100€/CHF

If you set up an automated savings plan you can drop the fee by another 0,5%

Finally, if you use a refcode like “CRYPTONEWS” you get another 0,5% off

3 screens of the “old” relai app:

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3 screens of the new relai app:

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The last archived milestone was a successful crowdfunding via crowdcube. Relai aimed for 1,5€ million and finally 863 Investors raised over 2,1€ million. So bottom line is: Relai is a successful startup story (till today) and I am exciting what will happen in the future, maybe we see lightning support or they come up with completely new ideas to bring bitcoin to the masses.

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I can say Relai is THE easiest way to buy bitcoin in Europe, no Registration, no KYC, no bullshit. Simply head to your app store (Android/iOS), download the app, enter the refcode “Cryptonews” and start stacking your sats.

This post was first published on Publish0x

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Relai.ch: the easiest way to buy bitcoin without KYC in Europe

Relai

If you want to buy and sell bitcoin you often have to do a KYC process to identify yourself. Relai.ch offers a very nice service to buy bitcoin without providing any personal data. It offers an app for Android and iOS, simply install it, create a wallet and send money to it from your bank account, the only sensitive data you give away is your bankaccount (IBAN/Name) but you can even avoid this by sending from a different bank account. Maybe you can ask your employer to send a part of a salary to relais service, which sends you instantly btc in your wallet. I tried it yesterday and it works flawless. This  service is perfect for dollar cost averaging, just choose the amount and timeframe and setup a standing order in your bankaccount. It took my only about 5 minutes.

Relai is based in switzerland and started its service in July 2020, it offers its service to all European countries, excluding: Belarus, Bosnia and Herzegovina, Faroe Islands, Ireland, Kosovo, Malta, Monaco, Republic of Cyprus, Russia and Ukraine.

But what happen if you lose your phone? You can backup your wallet (seed) or send your received btc directly to another wallet. Like mentioned earlier, I tried it and the settlement duration was under 24h and I could instantly send my bitcoin to my hardware wallet.

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Fee wise relai.ch is quite high, it takes 3% of each transaction, but if you use my referral code REL1201 you only pay 2,5% in fees.

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Regarding the exchange rate, you have to have in mind, that the exchange rate will be taken when your payment reaches relais broker (bity), this is could be an issue if the price falls/rises during transaction time from your bank to relai. You can find a pretty good FAQ at https://relai.ch/faq/

Key takeaways:

You don’t need an account, no KYC

You buy Bitcoin directly from your bank account, no deposit

It’s a non-costudial wallet – your keys, your coins

Relai has an all-inclusive fee of 3%, no hidden fees

Simple and easy to use

Use ref REL1201 to reduce the fee to 2,5%

Article was originally published on publish0x.com