Bittylicious Blog

Today, on Bitcoin Pizza Day, Bittylicious celebrates its fifth birthday since incorporation way back in 2013.

It has been, by far, the busiest year in Bittylicious’s history and is the year that Bittylicious really took off from the geeky underground and made it mainstream.

Thank you!

We owe our success to those who have introduced Bittylicious to friends and family via word of mouth and personal recommendations. From the outset, we have worked hard getting ourselves known in the local communities, specific forums and generally being Good Guys, and this groundwork has resulted in Bittylicious now being the go to place for many users.

It goes without saying that we couldn’t have done it without the amazing work our brokers perform, offering world class support, speedy delivery of coins and great prices. These guys work hard and it’s hugely appreciated every time a user reports positive feedback with our brokers.

And none of this would have been possible without our excellent staff who were willing to put in the extra help when things were silly busy (December 2017, anyone?) and the many trusted people who assisted with profile verification during these peak periods.

What have we achieved?

Here are some of the highlights from the last year.

Summer 2017

The summer of 2017 saw us publicly support the UASF project which ultimately resulted in SegWit being finally implemented and the future of Bitcoin looking much brighter. We fully ran a UASF node until SegWit was locked in (at which point it was unnecessary). One of our proudest moments.

Winter 2017

Bitcoin Cash was integrated in November 2017 owing to user demand, available for bank transfer and card sales.

We have an intimate Q&A session at New River Studios in Dalston, London, mainly with an aim to spread the word about cryptocurrencies. The price hit $10,000 that night. Coincidence?

December 2017 happened. An absolutely insane month at Bittylicious where on one day, over £1.4 million was traded. We did better than many others, with verifications taking 72 hours at its absolute worst. We did not turn away any signups.

Q1 2018

Bittylicious signed a deal to display advertising against Rugby League and Cricket ODE and T/Twenty matches. You will be able to see us on pitchside banners until the end of summer.

The integration with ihavebeenpwned was completed in February to protect users from insecure passwords.

Throughout 2018, Bittylicious integrated with new credit card providers for resilience and we also negotiated cuts in prices in March.

SegWit became fully supported with the release of Bitcoin Core 0.16, including full bech32 addresses.

Q2 2018

Bittylicious launched (softly) in Australia in April and now serves Australian users 24/7.

In April, Bittylicious reached 1,000 reviews on TrustPilot with a 9.5 rating. Customer support is key and is the basis of our entire company.

And in general over the last year

The media has been good to us – we have been featured and had interviews on BBC Radio Sheffield, BBC News 24, Financial Times, BBC Radio 4 (Moneybox), The Telegraph, The Metro, The Guardian, iNews, Soho Radio and Evening Standard.

Four cryptocurrencies were integrated into Bittylicious and available for credit card sales – DigiByte, Groestlcoin, Bitcoin Cash and Vertcoin.

Statistics

And our vital statistics for the last year, 22nd May 2017 – 21st May 2018:

• 220,000 trades completed.
• £99 million traded.
• 67,000 new user sign ups.
• 150,000 pieces of documentation verified.

Going forwards

It’s near impossible to plan for the long term in the cryptocurrency world, but in the next year, we will hopefully give Bittylicious a long overdue facelift, integrate more coins, offer more payment methods and generally make Bittylicious better and better.

Thank you once again to all our lovely customers and please continue spreading the word!

Marc
CEO, Bittylicious

From Monday 23rd November, Bittylicious will be allowing users to buy Ether, the currency of the Ethereum project, on the Bittylicious platform. This will be available via the following payment methods:

• UK bank transfer
• SEPA
• Credit / debit cards

Ethereum is much more than a next-generation cryptocurrency. It is a distributed, Turing Complete programming platform, which uses a cryptocurrency as its “fuel”. Many believe that this is the logical evolution of Bitcoin-style cryptocurrencies and that it has a very bright future. Ether is the fuel this platform uses, which is used when processing smart contracts on the platform. From an investment perspective, some believe that the widespread use of this platform will make the value of Ether very high in the future.

London, 10th December 2014. Furthering its objective as being the easiest way to buy Bitcoins, Bittylicious now allows users to buy Bitcoins using a credit or debit card in British Pounds.

Bittylicious has extended its credit card offering to now allow users to pay in British Pounds. Previously users were only able to purchase using Euros and this meant that British customers often had to pay a foreign exchange fee to their card provider. Now, payments can be made directly in British Pounds with no increase in price compared to Euro purchases.

Before making any card purchases, users must upload identification documentation consisting of one proof of name and one proof of address. Previously, this often took some time to process, but now the validation is done in house which means that users will be able to buy Bitcoins more quickly than before. There is a choice between specific documents that must be uploaded with the regular bank transfer option being available to those that do not have suitable documentation.

Bittylicious presently sells all altcoins for Euros and just Bitcoins for British Pounds but in the near future, it aims to allow all altcoins to be purchased this way as well.

You can now exchange Bitcoins for Amazon.co.uk gift vouchers on Bittylicious.

Bittylicious, the UK’s premier site for buying Bitcoins quickly and easily, recently started allowing users to sell Bitcoins in exchange for British Pounds via UK bank transfer. This service has now been extended to allow users to sell Bitcoin in exchange for gift vouchers redeemable at Amazon.co.uk.

The process is swift and Bittylicious waits for three confirmations before producing the Amazon.co.uk voucher code. A QR code and associated Bitcoin address are presented to the user, and upon the incoming transaction being seen, an estimated time for production of the voucher is given. The service is provided in partnership with pockio, a company specialising in exchanging cryptocurrencies for gift vouchers.

Assuming there is significant demand, Bittylicious intends to extend the range of gift cards offered to all offered by pock.io. Bittylicious also intends on making this functionality available across its entire altcoin base, including Litecoin, Dogecoin, StartCOIN and Darkcoin.

The Natwest and RBS payment system, Pay Your Contacts is now live on Bittylicious. This is similar to Barclays PingIt and it enables buyers with the Pay Your Contacts app to send payments to our sellers’ mobile phone number rather than having to type in bank details. These types of payments are usually instant.

As with each payment method, this will also be its own marketplace so the prices are likely to fluctuate against the regular bank transfer and PingIt payment options.

IDchecker has recently partnered with Bittylicious, the UK’s premier platform for buying Bitcoins. Bittylicious provide users with the simplest interface possible and make it incredibly easy for both new and experienced Bitcoin users to get involved in the Bitcoin ecosystem. Bittylicious was founded in early 2013 and primarily offers Bitcoins and other virtual currencies for sale using online bank transfer and related payment methods.

Recently, Bittylicious opened up three new payment methods allowing European visitors to also purchase Bitcoins. Bittylicious now accepts SEPA bank transfers from users in the Eurozone, iDEAL payments from The Netherlands and Mister Cash/Bancotact from Belgium.

Bittylicious are now using IDchecker’s STRONG ID Basic and STONG ID Plus to verify the identity documents uploaded by Bittylicious account holders.

“The Bitcoin industry has a significant amount of fraudsters taking advantage of the fact that Bitcoin transactions are irreversible. To help combat fraud, IDChecker have provided Bittylicious with a reliable means of validating the ID uploaded by users, which in turn allows Bittylicious to trust its users much more than they otherwise could. IDChecker have helped Bittylicious to integrate seamlessly with their systems, have provided excellent support and provide a very reliable service.” – Marc Warne, Bittylicious Founder

Originally posted at http://www.idchecker.com/idchecker-in-the-news/bittylicious-bitcoin-platform/

Bittylicious is proud to announce that it has opened up a GBP to Auroracoin market on its site.

Auroracoin is a Litecoin inspired altcoin which aims to kick start the Icelandic economy because of uncompetitive economic pressures the Icelandic government has put on its citizens.

From 25th March 2014, each Icelandic resident will be entitled to receive 50% of the total Auroracoins in circulation, with the aim being to create a new, workable currency that enables international trade without being controlled by any single entity.

We are looking for users that would like to offer Auroracoin for sale in any country, including Iceland. Please get in touch with us if you think you can offer this.

Three new altcoins will be activated on the Bittylicious platform on the morning of Monday 10th March.

Vertcoin

Vertcoin is a Litecoin-derived coin but with an algorithm that has been designed to resist the development of custom mining hardware, and multipool mining. This has been achieved by using the adaptive n-factor variant of the scrypt algorithm.


Primecoin

Primecoin attempts to make the mining process yield a useful output rather than working out the match to a useless hash. In Primecoin’s case, it attempts to find prime chains composed of Cunningham chains and bi-twin chains for proof-of-work, which can lead to useful byproducts.


Namecoin

Namecoin is an old coin that provides for an alternative, decentralised domain name system which avoids domain name censorship by being controlled by the network as opposed to a single entity like ICANN.


New sellers

As always, we are looking for further sellers that would like to sell these altcoins and help improve our marketplace. As a seller, you do not necessarily need to be in the UK as Bittylicious is happy to investigate opening in new territories. To apply, please visit our website and fill in the application form.