Bits

Bits

Automatically rounds everyday purchases to the next dollar to buy cryptocurrency.

HQ location
Las Vegas, United States
Launch date
Employees
Enterprise value
$5—7m
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DateInvestorsAmountRound
-investor investor

€0.0

round
investor investor investor

€0.0

round
*

N/A

Acquisition
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-29 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

Notes (0)
More about Bits
Made with AI
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BitsCrypto.com is a pioneering startup in the cryptocurrency industry, offering an innovative on-chain background trading platform. This platform serves as a more intelligent and secure alternative for managing crypto assets. The company primarily targets cryptocurrency investors who are looking for a safer way to manage their digital assets.

Operating in the rapidly growing cryptocurrency market, BitsCrypto.com offers a unique business model. Unlike traditional centralized exchanges, BitsCrypto.com operates as a non-custodial centralized exchange (CEX). This means that the company never takes custody of the user's assets. Instead, users maintain full ownership of their funds, reducing the risk of unauthorized lending or theft of assets.

The company's revenue model is likely based on transaction fees from trades or swaps of digital assets on its platform. Additionally, it may also earn from offering premium services or features to its users.

BitsCrypto.com also emphasizes security and risk management. It uses a trust system, a regulated way of holding and managing assets, to protect users' assets. When a user signs up with Bits, they become the beneficiary of this trust. This is a significant advantage over traditional crypto exchanges, which are not regulated and can lend assets without the user's consent.

Moreover, the company uses a unique method to secure users' private keys. When a user creates a wallet with Bits, the private key is split into three pieces. One piece is stored on the user's device, another in a secure Amazon Web Services Center, and the last piece with a trusted third-party. This ensures that only the user can access their funds.

In summary, BitsCrypto.com is a groundbreaking crypto asset management platform that offers a safer and smarter alternative to traditional crypto exchanges.

Keywords: Cryptocurrency, On-chain Background Trading, Non-custodial CEX, Crypto Asset Management, Trust System, Security, Risk Management, Private Key Protection, Digital Assets, Crypto Investors.

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