To all our customers in Qatar, Kuwait and Bahrain, we’re excited to announce that now our buy bitcoin service and merchant API integrations are available to you!
We’ve been working tirelessly to expand our fast growing reach and network to make our buy bitcoin and merchant integration products available in your country. Our mission is to make it easier and seamless for all our Middle East based customers to buy and use bitcoin.
Your support is making this possible. We’ll be rolling out our products to more countries in the next coming months with more added features and payment options to make your experience as smooth and seamless as possible.
So what are you waiting for, sign up today at bitoasis.net and let us know what you think!
Whenever you’re paying online or at a shop, you probably faced
situations where you were paying for your hotel using your credit card abroad,
or trying to grab that hot deal you found online, only to find out that your
transaction has failed. It’s also frustrating, time consuming and expensive
when you think of the time and fees needed to process that wire transfer to
your friend, not to mention the exchange fees on top of that. And you might
think, this is inevitable, you have to endure that nerve torturing process
every time you’re performing any transaction.
And among all of this there’s a new peer-to-peer electronic
cash transfer technology called Bitcoin
that is fast emerging on the sidelines. So what does bitcoin have to offer to
all people that want to transact more freely and instantaneously? Below, you’ll
find our top reasons why you’ll likely be using bitcoin to transact very soon:
How much time it takes to perform a bitcoin transfer?
Virtually: As soon as you click the send button, the blockchain will register
the transaction and it will be updated on your wallet. It takes an average of
10 minutes to confirm the transaction on the blockchain. How about wire
transfers? First, the average time is around 3-5 business days, and banks may
hold on to your money a little longer. Credit card transactions may seem
instantaneous but they sometimes take days to clear on your account and often
there are delays in payments settled to merchants. [Score: Bitcoin 1 – 0 Traditional
2. Negligible fees:
average wire transfer fee is around $35 for international wire transfers. Even
Paypal charges around 3% and more for sending money
overseas. Credit card companies will charge at least 2-3% for each swipe. For bitcoin,
it costs typically 0.0001 BTC ($0.023810) for sending bitcoin transactions on
the blockchain and buying bitcoin on an exchange would typically charge you 1%
(some exchanges have lesser fees). [Score: Bitcoin 2 – 0 Traditional payments]
3. Crossborder and universal:
bitcoin depends solely on having internet access, your friend in one half of
the world can send you money to your location on the opposite side of the world
in zero time delay. Bitcoin revolutionizes transactions and payments by
bridging the time and place borders as you can process your transactions
anytime, anywhere in the globe, to absolutely any other location with a single
click, you don’t have to worry about time difference or working days in
different countries so your payment or transaction gets stuck for an unknown
amount of time. Bitcoin guarantees instantaneous transactions to you as soon as
the sender clicks the “send” button. [Score: Bitcoin 3 – 0 Traditional
You must begin to wonder, where does that leave security? We’re
going to show you what it’s like to use our wallet!
4. Security: BitOasis wallet adopts
2-of-3 multisignature security measures, a sophisticated solution to secure
your bitcoin wallet against fraud and theft. Your wallet has 3 different private
keys that are stored at three different firms: BitOasis, CryptoCorp and
a third-party independent law firm. Therefore no single party has control over
your bitcoins, as you’ll need 2 of those keys in order to access your wallet
and transfer any funds.
existing wallets have also implemented sophisticated security measures and different
kinds of multisig, but our solution is different to other solutions by how we
secure the third private key (Recovery Key). Users can reach out to the third
party law firm that manages all of our clients’ recovery keys to access their
wallet and retrieve their funds in the case of emergency or if BitOasis online service
is no longer available. We also secure our user accounts online by implementing
2-Factor Authentication and have users enter the multi-digit authentication
code they receive on their mobile phones upon attempting to log in to their
account. Adding another score here?
What are you waiting for? Log in to BitOasis.net
and create your wallet now to enjoy all the amazing features and your
delay-free, cost-free money transactions using bitcoin.
If you have any questions don’t hesitate to contact me, Dina
Saman at [email protected]
If you’re selling goods or
services online, you’re surely familiar with the pains of collecting payments
from your customers and clients. You may have heard of a new way of accepting
payments using bitcoin and already wondering what are that benefits to you as a
merchant, and what kinds of businesses are accepting bitcoin today?
The examples of businesses
accepting bitcoin are numerous and the possibilities are endless; from fashion and
jewelry stores, to consumer electronics shops, to airlines, hotels and
restaurants, many of which are online and offline merchants. Most notable
international companies accepting bitcoin today are Microsoft, Expedia, Dell
When it comes to the Middle East,
bitcoin technology has the potential to boost its fast growing e-commerce
market by offering a cheaper and easier payment method to consumers and
merchants. Credit card penetration in the region is low, as a large percentage
of adults in the Middle East don’t have a bank account. This leaves online
retailers stuck with accepting cash payments for online merchandises, in fact
close to 75% of online transactions are done by Cash-on-Delivery.
On the other hand, even if merchants accept credit card payments, they’re still
charged close to 3-5% fee on transactions and exposed to fraud and chargebacks
Below we’ve listed the main six
reasons why you, as a merchant, should start accepting bitcoin today:
1. Lower transaction costs: Credit card fees run anywhere
from 3-5% plus $.30 per swipe. Bitcoin transactions are free (with few cents
going to the network as miner fees) and you don’t have to pay machine monthly
rental fees or deposits. Sure, the majority of consumers in the region buys
goods and services either using cash or credit cards. Digital currencies such
as bitcoin may look like a distant third. But the use of bitcoin as new payment
option will continue to rise at the retail level as more and more people learn
about it and realize its benefits of the technology as a cheaper and easier
payment option for both merchants and consumers.
2. No chargebacks: When you accept bitcoin
payments, there are no chargebacks – meaning there is less risk to the seller,
for this single reason alone merchants should embrace bitcoin payments. Your
chargeback rate can have a huge impact on your bottom line, especially if
you’re a small-medium sized online store.
3. Easy to use
and set up: It’s
extremely easy for you and for your customers to get up and running to start
accepting bitcoin. It’s as easy as downloading a bitcoin wallet on your phone
or opening a bitcoin web wallet online and generating a QR code for your clients to scan so they
can pay you immediately. It’s really that simple. You don’t need to place any
deposits or go through lengthy verifications to set up and get going.
diverse payment options to increase your sales: If you want more customers to buy on your
platform, make it easy for them by offering diverse payment options that cater
to their needs. Set up your business to start accepting bitcoin. Bitcoin users
tend to be tech savvy young consumers who prefer to purchase goods using
bitcoin over other methods. This means that they will gravitate toward
merchants that offer them ability to pay for goods and services via bitcoin. You
may wonder how’s bitcoin adoption growing in the Middle East. Today, our BitOasis products (wallet and exchange) are available
across the Middle East with our exchange and buy bitcoin service only available
in UAE. The past 6 months we’ve seen tremendous wallet and growth and our
users’ buy bitcoin order volumes almost doubling on monthly basis.
publicity: When you place a ‘Bitcoin
Accepted Here’ sticker in your storefront or announce it on your online
store, it’s an immediate conversation starter because you’ve shared with the
world that your store is embracing a new innovative payment option. Since
bitcoin is new and newsworthy, your brand can capitalize on being associated
with the new trend of adopting and embracing digital currency. Free press
equals more marketing for your business. Who wouldn’t want that?
6. Cross Border: Bitcoin is a
global payment system, it’s not bound to a geographical area or a certain
company, and with bitcoin anyone across the world with access to the internet
can now pay instantly and cross border without the need to have a bank account.
Accepting bitcoins means accepting all customers across the world to pay on
your platform without any friction or any extra fees. Your customers are only a
If you’re an online
store that wants to start accepting bitcoin payments, get in touch with us at [email protected] to get you set up. If you have any questions don’t hesitate
to reach out to me.
We’re excited to launch our new partial redeem feature to make your buy bitcoin experience on our platform a lot smoother and easier*. From now on, all vouchers you purchase will be deposited in your wallet and reflected as a total in AED under one balance. With one click you can instantly exchange your voucher balance to bitcoin anytime and at any value you want.
*Available for our UAE based customers
Below are the steps to instantly buy bitcoin using partial redeem feature:
1. Click Buy Bitcoin tab and enter the voucher amount in AED you want to purchase.
2. Once we receive our payment we will reflect your AED voucher balance with the new AED amount. You can go ahead and partially exchange any value of your voucher to bitcoin on the go.
If you have any questions or comments don’t hesitate to contact me (Dina Saman) at [email protected].
We’re happy to announce that we have now introduced our user verification process to allow you to buy more bitcoins per week. Our new limit for verified UAE users is 5000AED/week. In the coming couple of months we will be working on increasing the weekly limit further to suit your buy bitcoin needs.
If you have any questions or comments please drop me an email at [email protected] and I will be happy to assist.