Bittylicious Blog

Bitcoins using Credit Cards in British Pounds

Dec
10

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.

Press Releases Comments Off on Bitcoins using Credit Cards in British Pounds

Exchange Bitcoins for Amazon.co.uk Gift Vouchers

Dec
04

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.

Press Releases Comments Off on Exchange Bitcoins for Amazon.co.uk Gift Vouchers

Users can now sell Bitcoins to Bittylicious

Nov
21

Sell1Bittylicious now enables its users to sell Bitcoins to Bittylicious and be paid by instant UK bank transfer or mobile payment method PayM.

As well as being the simplest service to use for purchasing Bitcoins and other cryptocurrencies, Bittylicious is now the simplest service to use when selling Bitcoins to brokers on the Bittylicious platform. Users simply need to choose how much to sell and send the Bitcoins to an address by clicking or typing it in, or scanning a QR code. Bittylicious waits for approximately 30 minutes for the transaction to be suitably confirmed and the money is sent to the user shortly afterwards.

The entire process is outlined in a new step-by-step guide available on the Bittylicious help pages at https://bittylicious.com/help/index.php/Bitcoin_selling_guide

Technically, cryptocurrencies are bought by brokers on the Bittylicious platform, which is how this service usually works in the UK. This enables a competitive marketplace to be formed as brokers compete for the user’s business. As this new functionality becomes used more regularly, Bittylicious expects that competition will increase and prices will start to approach the ‘Buy’ price.

In the near future, Bittylicious also aims to open up this functionality to other cryptocurrencies as well as other payment methods.

Press Releases Comments Off on Users can now sell Bitcoins to Bittylicious

Bittylicious is now PCI DSS Compliant

Oct
31

Bittylicious has recent been security validated and has been found to be operating in compliance with PCI DSS standards.

The Payment Card Industry Data Security Standard is designed to increase controls around credit cardholder data to reduce credit card fraud. Bittylicious processes Visa and Master credit card transactions and becoming compliant with these standards is becoming more important.

Bittylicious does not store cardholder information but merely captures it and passes it on to payment processors. This significantly decreases the available attack area, meaning that cardholder data is much more likely to be secure.

Bittylicious already follows all best practices when it comes to security, and the PCI compliance status was granted immediately after the first network scan with no major issues found.

Uncategorized Comments Off on Bittylicious is now PCI DSS Compliant

Bittylicious Webinar at The Law Society

Oct
08

Marc Warne from Bittylicious, along with law professionals Rich Folsom and Michael Taylor, will be hosting a webinar at The Law Society titled Digital Currencies – What Do You Need To Know? This will last for one hour on 15th October, costs £40 and is broadcast from The Law Society, Chancery Lane, London.

Marc will be providing a very quick introduction to Bitcoins before touching on the global legal and regulatory situation and UK-centred issues that impact Bittylicious. The other two presenters will be focusing on the common law and statutory law positions. Questions will be welcomed from the audience.

Uncategorized Comments Off on Bittylicious Webinar at The Law Society

Darkcoin and StartCOIN added to Bittylicious

Aug
05

London, 6th August 2014. Bittylicious, the UK’s premier cryptocurrency vendor, now allows users to buy Darkcoins and StartCOINs quickly and easily.

Bittylicious has added Darkcoin and StartCOIN to its service after a long altcoin assessment process. Both of these coins can immediately be bought by users with UK bank accounts within minutes, and these will shortly be available via Visa and Mastercard credit and debit cards for European citizens.

Darkcoin is an altcoin which, unlike Bitcoin, has comprehensive, in built support for true anonymity. This is done by changes to the Darkcoin client and the infrastructure of the Darkcoin network. Users can choose whether transactions should be public or private with private transactions being automatically split into smaller denominations and pooled with the split-up payments of other users.

StartCOIN is designed as a crowdfunding coin. It is an ambitious project which is designed to be used to pledge support for crowdfunding projects on the StartJOIN site. Rewards are additionally distributed to projects and also to users that choose to support various projects.

In order to make room for these two coins, Bittylicious has removed three altcoins from its lineup. These are Auroracoin, Namecoin and Primecoin. Although Auroracoin unfortunately seems to have failed, Namecoin and Primecoin are still innovative projects, but the volumes and interest from buyers of these coins has made these unsustainable on the Bittylicious platform.

Uncategorized Comments Off on Darkcoin and StartCOIN added to Bittylicious

Bittylicious Resumes Cash Payments

Jun
24

2014-06-24 16.30.21London, 24th June 2014. People in the UK can again buy Bitcoins with cash on Bittylicious after its service is resumed.

Bittylicious has relaunched a service which enables prospective buyers to purchase Bitcoins by handing over cash at any one of over 20,000 ZipZap locations in the country. The process is very simple, and any user that has had their identity documents verified by Bittylicious can obtain Bitcoins this way.

ZipZap has partnered with a new payment provider, Payzone, which provides the infrastructure which takes payments at many locations across the UK, serving almost every village.

Users simply need to choose how many Bitcoins they want, locate a local payment centre within the Bittylicious website and print off a payment slip to show to the cashier. Alternately, as long as the barcode is clearly available, they can show this to the cashier on a mobile device. The payment centres are typically small supermarkets and other local shops. Within a few minutes of the payment being taken, the Bitcoins are released into the buyer’s Bitcoin wallet.

In the near future, it will also be possible to buy a variety of altcoins, such as Litecoins, Feathercoins and Dogecoins, for cash using the Bittylicious service.

Uncategorized Comments Off on Bittylicious Resumes Cash Payments

Bittylicious on BBC Radio 4’s The Bottom Line

May
29

Bittylicious‘s Marc Warne, along with Nic Carey from Blockchain and Moe Levin from BitPay will be chatting with Evan Davis on his business conversation show, The Bottom Line.

Being first broadcast on Thursday 5th June, this episode will focus on the Bitcoin revolution, starting with more introductory topics and not shying from some of the more difficult questions that people have regarding Bitcoins.

For those not in the UK, the show may be syndicated to the BBC World Service to reach a global audience.

Uncategorized Comments Off on Bittylicious on BBC Radio 4’s The Bottom Line

Bittylicious Enables Bitcoin Purchases Via Credit Card

May
14

London, 14th May 2014. Bittylicious has been upgraded to allow the sales of Bitcoins via credit and debit cards to citizens of the European Union, including the UK.

Bittylicious, the UK’s premier Bitcoin vendor, has added Visa and Mastercard debit and credit cards to its list of accepted payment methods, supplementing the existing options of bank transfers and mobile payments.

Marc Warne, Director of Bittylicious, said, “Bittylicious is designed to make the Bitcoin buying process as simple as possible, so we are thrilled to allow users to purchase simply by registering and entering their credit card details. Within just a few minutes, users can be in possession of their own Bitcoins.”

At present, payments can only be made in Euros but via any suitable credit card, even those with a primary currency in British pounds or other EU currencies. In the upcoming weeks, direct payments in pounds will be permitted as well, saving British users possible currency conversion fees.

Because of significant fraud in the Bitcoin industry, only cards with 3D Secure enabled will be able to use this new service. This proves that the card is in the possession of the genuine owner by adding a second password-based authentication layer, separate from any data on the card itself.

Bittylicious users are able to make purchases of up to 240 Euros per transaction, with this restriction lifted when identification documents are validated. This process is necessary in order to follow “Know Your Customer” industry best practices.

New users are especially welcome to Bittylicious with a simple signup process available at https://bittylicious.com/

Press Releases , , Comments Off on Bittylicious Enables Bitcoin Purchases Via Credit Card

Natwest/RBS Pay Your Contacts

Apr
13

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.

Press Releases Comments Off on Natwest/RBS Pay Your Contacts