Bittylicious Blog

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.

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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.

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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.

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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.

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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/

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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.

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Premier UK Bitcoin Platform Partners with IDchecker

Mar
31

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/

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Bittylicious adds Auroracoin

Mar
24

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.

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Bittylicious Expands into Europe

Mar
12

London, 12th March 2014. Bittylicious, the UK’s premier Bitcoin exchange, now accepts SEPA bank transfers as well as iDEAL and Mister Cash/Bancontact for Bitcoin purchases

Bittylicious has opened up three new payment methods, enabling European visitors to purchase Bitcoins and shortly other altcoins using bank transfers.

The main new service that Bittylicious offers is the ability to accept SEPA bank transfers. Virtually all bank accounts in the Eurozone that work in Euros can send SEPA bank transfers. Transfers are typically received in 24-48 hours and the Bitcoins are delivered upon receipt of these funds. Residents with a SEPA bank account are now able to make payments using the bank details provided when starting a new trade and the process is as streamlined as the existing UK bank account process.

Users in The Netherlands and users in Belgium can also use iDEAL and Mister Cash/Bancontact respectively. iDEAL is a unified bank transfer system for all major banks in The Netherlands, and Mister Cash/Bancontact is an irreversible debit card purchase system. Both payment methods are near instant; it only takes a few minutes after sending the funds for the Bitcoins to be released.

Bittylicious’s unique and simple interface makes it an attractive choice for users to get started with virtual currencies. By now offering payment methods for Eurozone residents, Bittylicious aims to make the process of buying Bitcoins much simpler.

Bittylicious, founded in early 2013, primarily offers Bitcoins and other virtual currencies for sale using online bank transfer and related payment methods. Having processed over £3 million of orders, Bittylicious is rapidly becoming the default choice when purchasing Bitcoins.

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Vertcoin, Primecoin and Namecoin available shortly

Mar
06

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.

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