South African startup Bitvice has launched to allow investors to buy bitcoin securely and immediately receive it to their own wallet.
Founded last year, Bitvice is a bitcoin-only platform that allows investors to make simple secure orders, with automatic weekly, bi-monthly or monthly orders soon to be possible via an automatic Sats Stacker product.
Bitvice offers self-custodial solutions for investors and entities, and provides experienced consultations on how to set up secure self-custodial wallets, based on investors’ risk appetites and requirements. Bitvice also works with financial advisors in allocating bitcoin to their clients’ portfolios.
“Bitvice focuses on two things: bitcoin and self-custody,” said Bitvice co-founder Ricki Allardice. “Bitcoin is the best tool we have in the modern age to hedge against inflation, with an average compounded annual growth rate of 200 per cent since 2011. It is also an asset that investors can hold themselves, with no need for intermediaries or third parties.”
Bitvice was created to help all South Africans invest in bitcoin, which it is focusing on exclusively as opposed to other, more speculative, cryptocurrencies. The team launched in South Africa with fintech API Stitch as its data and payments partner. With Stitch, customers can link their bank accounts, enabling Bitvice to instantly access their account information and KYC details, as opposed to asking for manual uploads, bringing the onboarding process down to just minutes. Returning customers can also make payments with just one click.
