Bitcoin Funded Debit Cards Announced by Licensed Bitcoin Exchange Bit-x

Bitcoin Magazine
Bitcoin Funded Debit Cards Announced by Licensed Bitcoin Exchange Bit-x

Bitcoin Press Release: Licensed UK Bitcoin exchange Bit-x recently released Bitcoin debit cards fully funded by users’ cryptocurrency balances. Bitcoin enthusiasts and professionals can now spend Bitcoin worldwide, anywhere debit cards are accepted – online, in-store, and withdraw cash from ATMs at any location.

Licensed UK based cryptocurrency trading platform offers a range of services including Bitcoin, Litecoin, and GH/s trading and Bitcoin cloud mining. Bit-x are now proud to present the future of Bitcoin debit cards issued and processed by Bit-x’s exclusive bank partner.

Bit-x Card’s can be used anywhere debit cards are accepted. Users can withdraw money from ATMs worldwide, direct from their Bit-x account containing BTC, LTC, USD, EUR and GBP. The card can also be used for online shopping and at point of sale (POS) terminals worldwide. Bit-x’s trading platform is also offering free trading with no fees until September.

Bit-x Bitcoin Debit Card’s are designated in either USD or EUR, and can be ordered from any country in the world. No verification is necessary to begin using the card, however basic verification comes with added benefits allowing users to deposit sums that exceed 300 USD of BTC, LTC, USD, EUR and GBP.

With Bit-x’s debit card users do not have to manually fund cards for each use: funds are pulled direct from users’ Bit-x wallet. When paying online, in ATMs, or in shops, Bitcoins are exchanged. Funds are exchanged in real-time as the transaction is executed at the current market exchange rate, eliminating Bitcoin price volatility issues.

Transparent Bit-x is a licensed cryptocurrency and mining trading platform secured with two-factor authentication, and multi-signature addresses and transactions. Registering an account requires SMS authorization, and SMS powered 2FA guarantees the security of customer accounts. Bit-x has PCI DSS certification and the experienced team offers outstanding customer service 24/7, professionalism, and an attention to detail rarely seen in Bitcoin start-ups.

Card registered users can access recovery settings for their personal Bit-x account; ensuring accounts may be recovered in case of emergency. For added security no login details can be obtained from the debit card itself. In this regard Bit-x is a step ahead of even mainstream banks’ security processes.

Creating an account and ordering a card is as easy as obtaining an email address. Users simply go to, and register with a mobile phone number and password of their choice. To order a card users click on balance, select a currency and press “Order Bit-x Card”, and fill in a short form. DHL is a shipping option, for extremely fast delivery of just a few business days. Once the card and pin-code is received, users can activate the card in less than a minute in the user-friendly Bit-x account area. The account holder remains in control of their funds with embedded tracking tools at all times.

The Bit-x Card is a classic sleek black travel debit card with an embedded chip. The card features individual account ID number, expiry date, and CVC2 number on the back.

The Bit-x website features a user-friendly interface and minimalistic design. The login procedure is hassle-free and only requires the account mobile number.

With the launch of Bit-x’s debit card a new era of Bitcoin and digital currency usability has arrived. Novice and experienced cryptocurrency users alike can enjoy spending their funds online, in shops, and from ATMs worldwide with more freedom and anonymity than a traditional bank can offer.

About Bit-x:

Bit-x is a licensed Cryptocurrency and mining trading platform which adheres to all relevant KYC and AML guidelines. Secured with two-factor user authentication, multi-signature addresses & transactions and PCI DSS certification, the platform is efficiently delivered with comprehensive professionalism and meticulous attention to every detail. Trading currencies include BTC, LTC, USD, EUR, GBP and GHs. Mining capacities are provided by BitFury. is a trademark of XBIT Ltd, a licensed forex participant. Bit-x is based at Portland House, Bressenden Place, London, SW1E 5RS, United Kingdom.

For more information please visit:

Media contact

Name: Alex Shultz, Bit-x CEO


City and Country Location: London, UK


This press release is for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin Magazine or BTC Media, LLC. Bitcoin Magazine does not certify the accuracy of the above information provided by Bit-x.

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The post Bitcoin Funded Debit Cards Announced by Licensed Bitcoin Exchange Bit-x appeared first on Bitcoin Magazine.

Leading Mexican Bitcoin Exchange Expands to Singapore, Acquires Coin Republic

Leading Mexican bitcoin exchange meXBT has acquired CoinRepublic, the most respected and established bitcoin brokerage in Singapore as a part of its plan to expand throughout the Asia-Pacific region.

Through the acquisition of CoinRepublic, meXBT will benefit from the networks of the Singaporean exchange, which includes local banks, exchanges and financial institutions. The pre-existent customer base and reputation of CoinRepublic will enable meXBT to enter the Singaporean market with ease, and establish itself as a major bitcoin exchange in the country.

“I am very excited,” Gabriel Miron, founder and CEO of meXBT announced. “CoinRepublic is a highly respected brand in the Asian market, and acquiring their business and brand gives us access to participate in one of the most developed markets in terms of financial innovation; establishing meXBT in Asia. We see this as a first step to allowing highly efficient payments cross-border between Asia and Mexico.”

CoinRepublic users will also benefit from meXBT’s real-time data, better trading rates and other unique functionalities of the exchange. Miron declined to disclose the volume of transactions and trades of CoinRepublic.

However, Miron told Bitcoin Magazine, “CoinRepublic, I would say it was one of the main bitcoin providers in Singapore.” Also, he added, their service was a brokerage, while meXBT is a trading platform where users will gain access to better pricing, more liquidity, and several functionalities that Mexican users already have.

Additionally, the firm will work together with its branches in Latin America to enable instantaneous transfer of payments between companies in Latin America and Singapore.

“With our platform using Bitcoin as an intermediary system, transactions between companies of Singapore and Mexico can be done in minutes,” meXBT COO Joel Cano said. “We are using the latest technology combined with a solid legal and fiscal background, providing more attractive commissions than the regular financial market.”

Current Plans

Currently, the meXBT team is introducing the platform to the users of Coin Republic and many other Singaporean bitcoin holders who are in serious need of an established and stable bitcoin exchange.

“We are working on rolling out meXBT trading platform for the Singapore public in the following months,” Miron told Bitcoin Magazine. “We are finalizing several integrations and testing that allow ‘fiat 2 fiat’ using Bitcoin as the back bone which we thing will be a really useful application for users.”

The expansion of meXBT in Singapore will not be restricted by heavy Bitcoin-related regulations and policies. Singapore, unlike other Asian countries has a fundamental grasp and understanding of the technology, and its advantages for merchants, traders and companies.

In fact, just a few days ago Vivian Balakrishnan, the minister-in-charge of the Smart Nation Initiative and a member of Parliament, addressed Bitcoin and its blockchain technology in a presentation at a startup incubator. Balakrishnan explained that the technology behindBbitcoin has many unique use cases, and the technological capability of Bitcoin which enables anyone to instantly send transactions globally is a necessary payment tool to have today.

Despite the launch of meXBT in Singapore, the firm will still focus its operations in Latin America and continue to educate local businesses and merchants about the financial advantages of using bitcoin and its international accessibility.

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