Multi-currency Wallet BIT.AC Allows Instant Cryptocurrency Exchanges

Journalist:
Lester Coleman
April 14, 2016

BIT.AC, a London-based crypto wallet, has a built-in exchange and accommodates 14 different cryptocurrencies. The wallet allows users to instantly convert from one cryptocurrency to another. Currencies include bitcoin, Ethereum, Litecoin, Peercoin, Dash, Monero, Factom, Dogecoin, Vericoin, Namecoin, Clam Project and Vertcoin.

Users can send cryptocurrency over email using the mobile wallet for Android smartphone users.

Convenience Features

A group of IT security professionals and bitcoin enthusiasts collaborated to create BIT.AC, which uses an intuitive, user-friendly interface. Aside from allowing users to send and receive different currencies, the wallet provides competitive currency exchange rates. A user can immediately convert a currency to whatever form they wish.

To receive coins, a user provides the sender the standard cryptocurrency address. If the sender is registered in the system, they can send the coins to the recipient’s private email address. The system allows users to automatically create a crypto wallet QR address. The user can also register a unique website such as andy1.BIT.AC.

To exchange currencies, the user logs into their account, selects the “exchange” option and completes a form. The transaction executes upon confirmation; there is no need to wait.

With BIT.AC, a user does not have to register multiple accounts on cryptocurrency exchanges or spend time waiting for transaction confirmations. The wallet allows users to conduct real-time exchanges “on the fly.”

To register in the system, a user supplies his email address and immediately receives an email with instructions. The online account allows users to create individual wallets for each cryptocurrency, then send and receive coins and conduct instant exchanges.

The platform uses “cold storage” technology to protect servers from the risk of external intrusion.

“BIT.AC is simple and easy to use and, as it only takes an instant to open your chosen cryptocurrency wallet, it also saves a considerable amount of time. Indeed, sending, receiving and exchanging currency has never been more practical,” said Philipp Schnabel, company CEO.

Also read: Review of Hive Web – a bitcoin multi-currency web wallet

More To Come

The platform continues to add more currencies and features, according to a press release.

BIT.AC is presently offering affiliates up to 50% commission on transaction fees from client referrals.

Featured image from Shutterstock.

Last modified (UTC): April 14, 2016 14:00

Tags: Ethereum
Lester Coleman

Lester Coleman is a media relations consultant for the payments and automated retailing industries.