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The first store to buy Bitcoins opens in Lisbon

source-logo  en.cryptonomist.ch 25 January 2022 12:22, UTC
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BitBase, a Spanish company that manages a network of crypto ATMs and physical stores in Spain, decides to land in Lisbon by opening its first store to buy Bitcoin.

Summary

BitBase expands

Currently, the company has 25 stores located in 15 different Spanish cities and 69 Bitcoin ATMs located throughout Spain, making it the market leader at the national level and 4th in the European ranking.

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BitBase has decided to expand its horizons by opening a store in Portugal, precisely in Lisbon, but, according to rumors, the company is also planning a second opening in the north of the country, in Porto.

How to buy Bitcoin in the Lisbon store

The inauguration of the physical store took place yesterday, Monday, January 24. 

The shop has an ATM inside to buy/sell bitcoin and other cryptocurrencies and qualified staff ready to guide its customers to take their first steps in the cryptocurrency world. 

The process is very simple. All the user has to do is insert the banknotes inside the ATM portal, approach the QR code of their wallet, and be guided by the experts during the transaction. 

It will be necessary for some types of tokens to work on a PC, always supported by highly qualified staff that will simplify the user experience.

One of the Bitbase stores

Limits and fees

The service has a cost; in fact, at the time of purchase, the user will also face the payment of some fees.

The commissions vary depending on the amount that you decide to buy:

  • If they purchased (or sold) less than 1000 euros, the fees would be 10%.
  • If the buyer decides to buy (or sell) cryptocurrency for a value ranging from 1000 to 2500 euros, the commission will be 8%.
  • If the customer decides to make an operation that exceeds 2500 euros, they will face slightly lower fees, corresponding to 5%.

Another important aspect is the limit in terms of amount without an ID card.

By virtue of the anti-money laundering law, the user has the possibility to make transactions without providing their documents only if they remain under the ceiling of 1000 euros per day, for a maximum of 10k per month.

Portugal proves to be more and more cryptocurrency friendly.

en.cryptonomist.ch