Regulated EU financial institution
PrivateX.io operates under PrivateX OÜ, which is regulates financial institution in Estonia. PrivateX operates under actvity license FVT000064 and follows EU and Estonia laws.
Activity license FVT000064 - Providing a virtual currency service
Safe and Secure
PrivateX wallet makes managing your crypto funds a super easy and secure way. You have total control of your crypto. All your crypto coins are stored on a blockchain and protected with 12-word mnemonics/private keys. We don't have to access to your private keys. So if you lose your private keys, those funds are lost. There is nothing we can do.
Why are so many people investing in cryptocurrencies like Bitcoin?
What is Bitcoin?
Bitcoin is a first peer-to-peer digital currency where transactions are confirmed by a network of computers (called Bitcoin miners). Bitcoin was introduced in 2009 by Satoshi Nakamoto; whos remains unknown. There is a total of 21 million Bitcoins and no more can be printed or issued.
Bitcoin vs Fiat transactions
Fiat Transactions ( EUR, USD, etc)
To exchange Bitcoin, there are no intermediates for processing the transaction. Each transaction is validated by a princess known as Bitcoin mining. It takes minutes for a Bitcoin transaction to complete.
To send fiat currencies like Euro or USD the central system, a bank, or a payment institution is needed.