All Relai advantages at a glance
- 🚀 SimplicityNo registration or verification required - start buying Bitcoin in just a few minutes.
- 💡 Automated savingWith Dollar-Cost Averaging (DCA) regular, automatic purchases for stress-free investing.
- 🔒 SecurityYour Bitcoin safely in your wallet, which only you have control over.
- 💸 Transparent feesSimple, clear fee structure with no hidden costs. Small purchases even free of charge!
- 🇨🇭 Swiss MadeSwiss quality: Trust and security with a Swiss company based in Zurich.
- 🔄 FlexibilityStart with any amount from CHF 25 and retain full control over your investments.
- 📞 SupportAccessible customer support for all your questions.
- 📚 EducationLearning resources to deepen your knowledge of Bitcoin and cryptocurrencies.
- ⚡ Lightning Network: Fast and cheap Bitcoin transactions, ideal for everyday use and microtransactions.
Unfortunately, UTOX management is never discussed in relation to savings plans. Perhaps you could explain something about this...
Not many people think about it, but that's a great idea for a post, Nimitta – thanks!
With the monthly savings plan/auto-invest you save a further 0.5%. What happens if you cancel the savings plan after just one month, for example, i.e. stop the standing order with your bank? In that case, you would have received a further 0.5% discount and still only made a one-off payment. Why should you choose the single payment or "one-off" option without a discount if the savings plan is always cheaper? Does Relai subsequently demand a refund?
have installed, verified, but have no access from Thailand,
the local network operator prevents a money transfer,
Is there a solution?
Thanks for answers
Greetings
Hello Hubert
A VPN may be able to help you. Personally, I use Express VPN. There are many providers (e.g. Nord VPN etc.) make sure you use a reputable provider.
Greetings from ZH to Thailand,
Eric
Hello
Quote: "The next step is to enter your account details for the payout and you're ready to sell your Bitcoins."
This means that it is neither clear in which fiat currencies payment can be made, nor how, how quickly and under what conditions the fiat proceeds for the Bitcoin sale will reach my bank account.
Simply entering my account details means no more and no less than that I am disclosing very personal data, nothing else!
I would like a recommendation to be formulated in appropriate detail. Otherwise, it could give the impression that it is ONLY aimed at the use of the reference link.
Hello MaZiPu
Your question about speed cannot be answered in general terms for several reasons. The processing time will also depend to a large extent on your receiving bank. Of course, you also need to take into account your bank's opening hours, etc. ... why don't you do a small test payment and then comment on your experience here.
The Relai conditions and fees are included in the article above. As far as the currency is concerned, we are currently talking about CHF.
If Relai expands into other countries (which is currently planned), I suspect an update here.
PS. The Relai test has been running for much longer than a ref link was placed here. All providers are always put through their paces first before any kind of partnership is approached, like you here experience.
Why shouldn't I also trade and deposit BTC or ETH with Swissquote or Yuh (yes, I know "not your key not your coin")? I also deposit cash and securities there and feel quite safe, why should it be any different with BTC?
I was never able to access my Relai account again after changing my mobile phone (but I made a note of the 12 words and checked them carefully). Fortunately, I transferred everything to the Swissquote Wallet shortly beforehand.
Hello Jürg,
It's always a question of trust. Over the past year, many banks have collapsed and many crypto exchanges have gone bankrupt.
With Relai I first had the case myself: New mobile phone. I entered my words and was able to access my values again immediately without any problems.
Some crypto "baskets" are offered at Yuh. These are certificates, i.e. structured products. If the issuer of such a product gets into financial difficulties, investors are exposed to the issuer risk of 100% and, in extreme cases, suffer a total loss.
"Not your keys, not your coins" may sound trite, but it's a fact. The only thing is that you need to take a close look at the subject and understand what you are doing. Whoever holds the key to the safe is also responsible 🙂
I just changed my mobile phone and since then I can no longer access my Relai account or Relai simply opens a new one. No, I had noted down the 12 words and even checked them exactly with the list of possible words and I only have Relai as a wallet as exactly these 12 words. Fortunately, I only have BTCs there in the 4th decimal place and moved everything to Swissquote before the switch (there is only a tiny amount left on Relai). I much prefer Swissquote and yes BTS does not puur the certificates. My securities account is also there and so is some cash, so why shouldn't I have confidence? Of course there is a residual risk, but that is limited and I haven't parked 1000 BTC ;-). BTC is play money for me and I don't adhere to the phrase "Not your key..." or Warren Buffet's phrase "In and out empties your pockets", but only with BTC.
Relai is also recommended by Blocktrainer (the best-known BTC YT blogger in the German-speaking world). If you tinker a bit, you can set Relai to transfer every BTC purchase (e.g. monthly transfer) from BTC directly to your hardware wallet.
For people who "only" want to profit from the price performance of Botcoin, the ETFs are a good thing. The advantage of self-custody is that you can trade 24 hours a day and it cannot be confiscated. The trucker demos in Canada have shown that governments are capable of blocking citizens' accounts, even if they are just demonstrating. So self-storage is also about idealistic reasons.
I myself made several purchases in Lugano in 2023, such as espresso, kebabs and T-shirts, using BTC (Lightning) on my mobile phone. They even have their own crypto payment terminals (similar to EC card terminals). You don't even notice it, it's like paying with a card, Twint or Apple Pay.
Great, thank you for your insights, Patrick! 🙂