Frequently Asked Questions

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What is Bitcoin?

Bitcoin is a digital currency that can never be censored or confiscated. Think of it as digital gold that can be stored without the stress or need of physical storage space. It is decentralised, which means that no person or government can ever take control or even shut it down, and as it has a capped supply they can never erode your savings via inflation.

Because of these unique monetary properties, the Bitcoin network has grown from 0 to a trillion dollar asset in just 11 years with no marketing, government intervention, or central control. Its exponential growth is akin to the growth of the internet.

But I’ve heard that Bitcoin is too volatile?

Bitcoin has grown 280% in the last 12 months, compared to gold -17% and a normal bank savings account 0% . Bitcoin has grown 469,482% over the last 10 years, compared to gold -3%.

Bitcoin has no market manipulation and trading cannot be suspended in times of volatility, meaning that sometimes bitcoin can drop by anything up to 20% in a single day. These short term dips are absolutely nothing to worry about. Volatility of this kind is actually a good thing. Long term growth has and will continue to move on an upwards scale.

By saving bitcoin with us, we take the exposure to this volatility away from you and help you to focus on your long term goals.

Am I not too late to invest?

Newcomers to bitcoin always think they have ‘missed the boat’. This isn’t the case. You are still very early! By investing in Bitcoin, you will at least double your investment every year. No other investment or stock performs like this.

Governments have been printing more money since the start of the pandemic, whilst devaluing your money, and making saving for anything almost impossible these days.

Bitcoin will continue to rise at 200% because of these macro-economic conditions. This year alone (2021), Bitcoin is expected to rise to $200k+. And by 2024 it should be $1m/coin.

But Bitcoin seems so complicated?

Historically, investing in Bitcoin has been difficult - Bittysave aims to change this. By enabling simple recurring purchases for a little as £5 per day, you can easily save in bitcoin without any of the headaches.

When can I withdraw my money?

Investments must be left for a minimum of 4 months, but we recommend holding your investment for at least 4 years to take advantage of Bitcoin ‘halving’ cycles.

After 4 months you can withdraw as much or as little as you like.

Is there a limit on what I can invest?

No, you can invest as little or as much as you like.

Can I buy Bitcoin without signing up for a savings account?

Yes can you can. During the sign up process you can choose not to have a savings plan and simply purchase an allocation of bitcoin as one-off purchases.