BITNIK & LoCoins: moving towards locally accessible crypto↔fiat

A solution for everyone&everywhere to be able to access crypto hassle free and with cash.

Here is LoCoins.

An OTC service for exchanging cryptocurrencies in your local shop.

WHY

Because we believe that cryptocurrencies should be accessible to everyone and everywhere.

And as you might have been in situation where the fastest way to get some money was to exchange some crypto?

Possibly you know what we are writing about, so you understand that the fast way to get some cash is bATM and slowest to withdraw from an exchange. Yet there is a faster way >> cashpoint = LoCoins.

We do understand ATM is good option (we operate few ; )) but we are in Europe and there isn’t as many venues as in North America and the thing is, you have to get back for a pick up if exchanging crypto to fiat. What about if we told you you can do a request online (at home/work/meetup…) and pick up on the way.

The whole process of selling or buying cryptocurrencies with LoCoins is very simple. After you’ve created an account on platform you only need to make 5 simple steps to buy/sell your coins.
This can take you less then 10 minutes (depends how close to shop you are and block confirmation time).

For now we are supporting 4 different currencies >> Bitcoin, Ether, Litecoin and Bitcoin Cash. With more to come! And of course website is smart phone friendly.

Sounds neat? Hands on:

BUY

1. You login to the LoCoins website.
2. Check for the closest shop or shop with minimal fees; whatever suits you best.
3. Set amount you want to buy and address to which you want coins to be sent.
4. Go to shop you selected in step 2.
5. Pay for your coins.

You’ve successfully purchased coins!

Short demo how to get cryptocurrencies for cash.

SELL

1. You login to the LoCoins website.
2. Check for the closest shop or shop with minimal fees; whatever suits you best.
3. Set amount you want to sell.
4. Send coins and wait for confirmation.
5. Go to shop you picked in step 2.
6. Pick up cash.

You’ve successfully exchanged your coins for fiat!

Short demo How to get cash for crpyto on spot.

PLATFORM PICTURES (to get the feel of it)

Homescreen

Example of available Shops, Commission and Opening hours in Ljubljana

Setting up Buy order

example for exchanging fiat to crypto

Setting up a Sell order

DEVELOPMENT

Currently we are operating in our home country— Slovenia, where around 20 shops are collaborating with us to perfect our system. But we are present in other countries too, e.g. Balkan — Croatia, Bosnia, Serbia …
After KYC process being implemented in the platform, we will be able to spread the business in other countries as well. This we cannot wait!

Have a look

We are super stoked about our project and hopefully you will be too = ). Check it out and let us know what you think in comment section below.