Bittylicious Blog

It has been exactly two years since Bittylicious was first announced to the public on BitcoinTalk.

Back then, Bittylicious was a simple service with all sales being done by just one person. You could only buy Bitcoins for UK bank transfers, the limits were quite low, and most things were manual.

Bitcoins only cost around £70 each back then, and the regulatory environment was totally unknown. There was a lot of fear about needing to be regulated by the FCA (FSA back then), worries about VAT being charged and fears about banks shutting down accounts. Alas, the last worry is still one to this day.

It became apparent that if Bittylicious were to survive, it would need to evolve into a marketplace so that multiple bank accounts could be used and, in theory, cheaper prices could be achieved if there were competition. This was clearly the correct decision to make.

Two years on and Bittylicious is multi-seller, multi-payment method, multi-country, multi-currency, multi-altcoin and multi-direction. The fraud environment has changed significantly, as has the general recommendations for AML and KYC, so Bittylicious constantly needs to evolve. Bittylicious is developed to this day, and even two years on, this is just the beginning.

To the moon!

Bittylicious users often enjoy pretty good rates, exceptionally quick purchases and brilliant customer service, but we would just like to toot our own trumpets a little by saying just how darned well nice the brokers on the platform are.

The main admin (Marc) helped out one of the brokers who was having issues with their bank account being frozen. Marc wrote a letter to the bank stating that his transactions were legitimate. In part because of this, the broker’s bank account was made available again. As a wonderful gesture of thanks, this broker sent Marc some lovely jamón brought all the way back from Spain. Yum!

Sometimes issues happen, often caused by external services such as banks. The first line of support is the brokers, who pass issues up the chain if needed. These are the guys and girls that keep the Bittylicious platform running so well, and they’re a really decent bunch of people. Bravo!