A BSave account is a unique savings solution allowing you to securely store your Bitcoins while receiving daily interest payments.
You have immediate access to your funds and your interest payments are credited to your BSave account every 24 hours.
BSave enables you to profit directly from your dormant Bitcoins and is a unique secured solution for both short term and long term savers.
We created an easy to use solution for investors who want to earn short to long-term interest without the risks and drawbacks of fixed income products. BSave acts as a Margin provider on the Bitfinex platform to generate interest. To do so, complex Algorithms has been developed to optimize the Bitcoin amounts and lending rates. In the Bitcoin ecosystem, BSave is a real added value to the Bitcoin savers.
BSave generates daily floating interest rates. The interest paid depends on term and amount deposited in the saving account on one hand, and on loan margin market conditions on the other hand. A complex algorithm calculates interest to be paid using scoring methods to make sure you get the fair amount of interest. The BSave platform displays a projection of your daily estimated payment. You can see your savings history on your account page, including interest earned for the prior day, for the prior 7 days, for the prior 30 days, and total interest earned in your BSave account. Additionally, we calculate your expected annual return.
Payments are made every 24 hours at a set time. Payments are made directly to your BSave account. The minimum deposit BSave is able to generate interest on a daily basis is 1 bit of interest.
At account opening a unique address and QR code are generated for your BSave account. This is a unique address you can use to securely transfer Bitcoins to your BSave account. For more information click here.
There is no minimum amount or maximum amount set. However please note that the minimum amount BSave is able to pay on a daily basis is 1 bit of interest. As the BSave rate fluctuates, the minimum balance required to accrue interest ranges between 0.01 BTC and 0.05 BTC
Typically, the duration of deposit process confirmation takes 5 to 10 minutes. However please be aware that the process is blockchain proof of work process dependent so time can vary.
No. We currently only accept Bitcoin for deposits.
To make a withdrawal, first, go to your online BSave account. Then Simply request a withdrawal by clicking on the withdrawal button on the down part of “ Your saving account “ Panel. A pop-up ticket for withdrawal will appear; you can then fill your desired withdrawal amount and your Bitcoin address where you want to transfer the Bitcoins.
Then click confirm.
We will then send you an email with a link to click on for double confirmation in order to process your withdrawal. This security measure is mandatory to avoid unwanted transactions on your account. Please note that We will not process the withdrawal until you click on the email – event generated by your withdrawal request.
In case you don’t see our email after withdrawal request, make sure your email provider has not mistakenly sent it to your spam folder. For more information click here.
You may withdraw your funds at any time. Withdrawals may take up to of 24 hours until your funds are visible in your wallet. Process time may vary, dependent on your wallet service provider.
There is no financial penalty when you proceed a withdrawal. Our algorithm ensures you accrue the proper amount of interest on any amount held in your BSave account in minute-by-minute intervals.
The minimum amount that may be withdrawn is 0.01 BTC.
You accrue interest within the first minute of transferring Bitcoin to your BSave savings account and receive interest payments during the first day that you deposit into your BSave account. Our mathematicians and financial experts use set formulae to calculate interest payment for each individual saver. Duration and size of deposit are key factors that determine interest payment as well as the margin market loan rates.
A BSave Defender Account allows you to hedge a nominal USD amount that reflects a certain Bitcoin-USD exchange rate upon “locking” your funds. Meaning, when you wish to “LOCK” a Bitcoin the Defender will convert the amount to USD and will display a fluctuating Bitcoin amount, based on the nominal USD amount received in the exchange. For example, if you “LOCK” 1 Bitcoin and the current exchange rate is 400 USD, meaning 1 Bitcoin is worth 400 USD, you will then see on the Defender 1 BTC. If, when “UNLOCK”ing, the exchange rate is that 1 Bitcoin is worth 200 USD, the savings account will be credited with 2 BTC. This can help you protect your Bitcoins value from price fluctuations at the press of a button. Please note: the above is a simplistic example that does not take into consideration fluctuation in the exchange price during the LOCK and UNLOCK request, BSave’s fees, etc.
The Defender account is shown alongside your regular savings account on the BSave platform. You can easily transfer funds to and from your Defender account using your savings account. For more information click here.
The BSave Defender Account is an effective way to protect the value of your Bitcoins.
Once you’ve locked a Bitcoin amount into your Defender Account, the amount of Bitcoin will fluctuate depending on market prices, meaning, the value will remain tied to the Bitcoin-USD exchange rate. While having your funds locked in a Defender Account can protect their value if the Bitcoin price falls, you will miss out a higher value should Bitcoin’s price rise.
When you want to defend your Bitcoin value, enter your BSave Account and click the “LOCK” button on the Defender account panel that is on the left side.
A Defender pop-up will open, allowing you to lock your BTC.
Enter the desired BTC amount out of your available balance.
The indicative LOCK price will be visible in the ESTIMATED BTCUSD PRICE field. Please note: Most of the time we keep the bid-ask spread around 1% however some changes might occur in illiquid market conditions.
You can now confirm by clicking on the lock button; once done the Defender algorithm will compute the transaction price and the deal is done. You have just locked your BTC in a USD amount!
To unlock the position click unlock on the Defender account pick the USD amount you want to unlock and release your position.
The minimum amount you can lock per transaction is 0.1 BTC.
The maximum amount you can lock per transaction is 2 BTC.
The minimum amount you can unlock per transaction is 50 USD.
BSave charges a 0.5% fee each Defender action.
The defender works as a variable Bitcoin balance that is based on the value of the asset Locked. Defender account balances are only redeemed in Bitcoin. The Lock amount can be redeemed in part, or in full at any point after the Lock has been confirmed.
You can lock your Bitcoins for as long as you want.
At BSave, we use the Bitcoin industry’s best practices to maintain your deposit securely.
No. Your deposit is loaned out so you cannot control your private keys.
We require first name, last name, and email address to create an account.
Please note that should we detect any suspicious activity occurring on your account, we may request additional information in order to confirm your identity and verify that your account is not used for illegal purposes.
Yes. BSave have recently switched to Authy. In order to start using it, please follow these steps:
For security reasons, there is no way change an email address already attached to an active BSave account. If you still wish to use a different address, please withdraw all assets in your existing account and set up a new account with your new email address.
At BSave, our top priority is protecting our customers assets. In order to effectively do so, we insist that any Bitcoin hard fork includes the following:
Should a hard fork unfollow these policies, we will not support the coin and will not allow users to withdraw this coin from BSave.
Additionally, support of any forked currency is solely at the discretion of BSave. In case of a hard fork event and supposing both chains stay alive, customers who wish to access both blockchains at the time of the hard fork should withdraw their BTC from BSave since we cannot guarantee what will happen during the event or if BSave will support both chains.
Moreover, please keep in mind that we at BSave lend the coins to generate the interest. When someone borrows BTC, they typically borrow it to sell immediately to counterparties who cannot possibly be aware that the coins they purchased were loaned in the first place. Spot traders unequivocally own their purchases and are rightful recipients of the coins on the new chain and they can do with them what they like, whether that is selling them to others or taking them off the platform entirely.
To be clear, we do not intend to access or keep these coins. The administrative overhead of distributing any and all hard forked coins is prohibitive and BSave will not monitor or maintain balances of hard-forked coins.
In a future case where a block size increase has supermajority support of the community and is handled responsibly, BSave intends to follow said chain and we will communicate with our customers accordingly.
There are no fees for opening and maintaining a BSave account.
BSave conducts off chain transactions for interest payment in order to facilitate the ease and speed of its services.
All deposits and withdrawals by our customers are monitored and tracked on the Bitcoin blockchain. BSave manages your deposit to generate the highest and most practicable returns possible. As a result, we periodically move Bitcoins in a secured and restricted manner in order to generate interest.
Please make sure you checked any potential folder, such as spam. Alternatively, some mail providers like Outlook allow to whitelist some email addresses. If that did not fix this issue, please contact our support team.