Introduction of Bitcoin.com Balance
Bitcoin.com has unveiled a significant new feature, Bitcoin.com Balance, aimed at enhancing the cryptocurrency experience for its users. This functionality allows customers in the U.S., EU, and UK to manage fiat currencies directly within the Bitcoin.com Wallet app. With the integration of the cutting-edge Embedded Balance solution developed by MoonPay, the app promotes faster, cost-effective, and dependable crypto transactions.
Key Features and Benefits
Users can now easily fund, hold, and transact using their fiat balances for immediate cryptocurrency purchases without incurring any fees from MoonPay. This innovation positions the Bitcoin.com platform alongside leading fintech services, maintaining the advantages of a self-custodial system, which allows users to retain control of their digital assets unlike on centralized exchanges.
“The introduction of embedded balances marks a pivotal step in our goal to enhance accessibility and usability in the crypto space,” stated Corbin Fraser, CEO of Bitcoin.com. He emphasized that this advancement offers users a quicker, more economical, and dependable method for crypto transactions while ensuring that they maintain ownership of their assets.
Addressing Historical Challenges
Historically, users often faced hurdles when purchasing cryptocurrencies, such as high fees and delays caused by traditional card payments or bank transfers. The Bitcoin.com Balance feature addresses these challenges by enabling users to pre-fund a fiat balance via several payment options, depending on their location, including ACH transfers, PayPal, and Venmo. Once the fiat balance is established, users can swiftly buy cryptocurrencies with ease, sell their crypto to convert back to fiat, or withdraw funds to their bank account—all done through a single user-friendly interface.
Availability and Future Plans
This service is currently accessible to users in the U.S., EU, and UK, with additional regions expected to follow as Bitcoin.com collaborates with MoonPay to enhance access to smooth cryptocurrency trading. While users incur no fees from MoonPay on purchases, please note that fees may apply to specific methods for topping up or withdrawing funds, as well as standard ecosystem and network fees.
Bitcoin.com’s Commitment to Cryptocurrency Advocacy
Bitcoin.com has been at the forefront of cryptocurrency advocacy and education since its inception in 2015, offering informative content, timely news, and user-friendly self-custodial tools that empower individuals to engage with cryptocurrencies in innovative ways, fostering personal wealth without borders.
