Buying bitcoin should be simple and easy. Unfortunately, that is not always the case. If you want to buy bitcoin in Slovakia today, you typically have to register on an exchange, fill out onboarding forms, and provide ID verification to complete the account setup. This cumbersome and lengthy process can be very discouraging for first-time bitcoin buyers.
The good news is that there is a better way!
Using Relai – Europe’s easiest bitcoin investment app – you can buy bitcoin within minutes and without the need for ID verification.
In this step-by-step guide, you will learn how to buy bitcoin in Slovakia using Relai.
Buy Bitcoin the Easy Way
The Relai app arguably provides the simplest way to purchase bitcoin. In fact, buying bitcoin with Relai is so simple that it only requires three steps:
- Download the Relai app onto your smartphone
- Choose the amount of bitcoin you want to buy in euros
- Make the payment via a bank transfer
Yup! That’s all it takes.
Now, let’s break each step down to help you make your first bitcoin purchase today.
- Access relai.ch and download the app (on Android or iOS).
- Open the app, select a passcode, and back up your wallet. Details on how to backup your wallet can be found in ‘Settings.’
- Next, put in the amount of bitcoin you want to purchase. You can start with as little as €10 or as much €100 on your first buy. From your second buy onwards, you can purchase up to €900 per day.
- Then, click ‘Next’ to view the payment details.
- Lastly, key the payment details into your mobile banking app to make the bank transfer to Relai’s brokerage partner, Bity, to complete the transaction. (But don’t forget to add the reference number!)
And that’s it! Your bitcoin will arrive as soon as the bank payment settles.
Relai can do more.
Auto-Invest in Bitcoin Using Recurring Purchases
One of the most popular ways to invest in bitcoin is to set up recurring investments into bitcoin on a weekly or monthly basis.
By investing regular fixed amounts on a weekly or monthly basis regardless of where the price of bitcoin is trading, you can grow your pot of “digital gold” over time without having to worry too much about price volatility.
This investment approach is called dollar-cost averaging and is exactly what Relai allows you to do in a fully-automated fashion.
All you need to do is set your bitcoin purchase to weekly or monthly and set up a recurring bank payment.
And that’s it!
That’s all it takes to start auto-investing in bitcoin.
Investing in bitcoin has never been easier thanks to Relai. Download the app today to get started.