Nuri was once a familiar name in the crypto community, offering a unique combination of a European bank account and a Bitcoin wallet. With features like IBAN integration, a personal Bitcoin Savings Account, and a Bitcoin interest account, it carved a niche for itself. However, on August 9, 2022, Nuri filed for insolvency due to liquidity problems, leaving its users in a state of uncertainty. Users were given until December 18, 2022, to withdraw all their bitcoin and money.
Bitwala Steps Up to the Plate
Following Nuri’s transition, Bitwala has emerged as a potential alternative for users seeking a reliable crypto partner. Bitwala’s resurgence is the result of dedicated efforts by their team of developers and a partnership with Striga, aimed at providing a seamless crypto experience.
While Bitwala aims to serve former Nuri users, it’s important to note that it offers some new and improved features:
Versatile Wallets: Just like Nuri, Bitwala provides trusted self-custodial storage solutions. However, in addition to this, users can now opt for convenient custodial wallets offered by Striga, giving them more flexibility without compromising security.
Trade with Ease: Bitwala introduces the Euro Account, automatically granted when users sign up for custodial wallets. This feature simplifies the process of buying and selling Bitcoin and Ethereum, with lower fees for added convenience.
Effortless Euro Transactions: Every Euro account comes with a virtual IBAN, streamlining Euro transactions. Users can deposit and withdraw funds in Euros without worrying about currency conversion.
Virtual IBAN
Your Euro Account within the Bitwala App comes in the form of a Virtual IBAN. In contrast to a conventional physical bank account, a Virtual IBAN is digital in nature, existing solely in electronic form. It operates much like a standard Euro bank account, enabling you to effortlessly send and receive payments, conduct transfers, and efficiently manage your financial transactions.
Transitioning to Bitwala
For former Nuri users and those looking to explore Bitwala, transitioning is straightforward:
- Update Your App: Ensure you have the latest version of the Bitwala app installed on your device to access the new features.
Upgrade Your Account: To start trading, you’ll need to upgrade your account, a quick and simple process.
A Note for Users in Germany
Bitwala is actively working to expand its features to Germany as soon as possible. If you’re in Germany and wish to support Bitwala in this endeavor, you can reach out to them at [email protected] from the email address associated with your Bitwala account.
In these dynamic times in the crypto space, Bitwala has positioned itself as an option for users seeking continuity and trust. Whether you’re a former Nuri user or a newcomer in the crypto world, Bitwala offers a promising alternative worth exploring.
Change is an inherent part of the crypto landscape, and Bitwala’s revival is a testament to the resilience of the crypto community. As Nuri transitions, We hope that Bitwala stands ready to provide a reliable and user-friendly crypto experience, keeping users’ needs at the forefront.
For more background information, you can read The story of Bitwala