Cubits is a platform for buying, exchanging, storing and accepting bitcoin. The company was founded in 2014, with the service launched earl the following year, in 2015.
Cubits in particular has become one of the most widely used mechanisms for trading in this new crypto currency. Bitcoin can be bought via the Cubits platform using any of up to 17 major traditional currencies, such as the British pound, the Euro or the US dollar. They can be bought or sold using various payment providers and services, such as MasterCard, Visa, Sofort and Skrill.
Once purchased, bitcoin are stored in your Cubits wallet, which can also be linked to the customer’s own bank account, if required. The two factor authentication and multi-signature technology used by the platform ensure that your bitcoin are safely stored away until you wish to use them. Furthermore, any Bitcoins stored within a Cubits Wallet are placed under a further layer of security, so that in the rare event of an online attack or hacking attempt, users’ Bitcoin reserves are never at risk.
Another great advantage of bitcoin technology is that because your money is stored using cryptography rather than having to use real world security like bank vaults and security guards, the whole thing can be done really cheaply. In fact, there are no charges for storage at all. Especially as, being a currency which is not centrally controlled, there is no-one to pay.
It’s easy to sign up for the service. All you need is your name and e-mail address, and to come up with a strong password. You’ll also need to verify your ID, which is usually completed using your passport. You can then start to buy and sell Bitcoin straight away, using your own bank account or credit card, in the currency of your choice.
Merchants can also easily sign up to the Cubits service so that they can accept payments in Bitcoin. These are then converted into the currency of the trader’s choice. A competitive fee is charged for providing the service.
For casino players, bitcoin is becoming an increasingly viable way of funding your gaming. Already, around a hundred casinos accept the cryptocurrency as a valid method of payment. And there can be no easier way of acquiring your new currency than via Cubits’ quick, convenient and secure service.