We are pleased to announce a permanent 25% reduction in the spread applied to Locks. Locks is the first tool to market to help people manage their funds, given Bitcoin’s price volatility. Locks works by allowing users to tie the value of their bitcoins to a range of currencies and assets, to stabilize their funds. Find out more here.
We are now able to offer Locks for just 0.75% each way. So, if you lock $100 worth of Bitcoin today, you will pay just 75 cents to do so. You can Lock your bitcoins to USD, GBP, EUR Gold and Silver instantly at the click of a mouse. Whenever you are ready to redeem your funds back into Bitcoin, you can Unlock them for a further 0.75%. (making a 1.5% round trip)
A number of factors have enabled us to reduce our spread, most importantly, price discovery. We are big fans of the market and know the Bitcoin price better than anybody. The prices we quote you upon Locking and Unlocking, are drawn from numerous exchanges to ensure deep, robust pricing that is uniquely competitive.* View our price ticker here.
We also compete by not charging any fees for Locking and Unlocking, just a spread on the price we quote. The spread ensures we are able to hedge our exposure, and keep the system working safely.
About us
Coinapult is headquartered in Panama and provides a range of Bitcoin
services including liquidity provision and merchant services, as well as consumer wallets and Locks. Check out our website for more information, or sign up to our newsletter to be first to hear about our updates.
*We have open-source API clients for many of Bitcoin’s major exchanges.
