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Bitcoin Well Is Building More Innovation For Crypto Self Custody

July 4, 2024
x min read

Bitcoin Well is building an entirely new ecosystem for Bitcoin ownership.

What’s happening:

  • Bitcoin Well (TSXV: BTCW) has announced they have launched a new feature known as Auto Convert which enables users in the United States to seamlessly convert their Bitcoin holdings into fiat and have it automatically transferred into their bank account

How it works:

  • Users of Bitcoin Well can use their new Auto Convert wallet address feature to instantly sell their Bitcoin holdings directly from their own self custody wallet
  • When a Bitcoin Well user sends Bitcoin to an Auto Convert wallet address, their Bitcoin is instantly sold and converted into fiat which is then transferred to the bank account that is linked to that users individual wallet
  • The entire process allows users to hold Bitcoin in their own self custody wallet and never have to relinquish control of their digital assets or fiat

Why it matters:

Going deeper:

Disclaimer

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