Bitcoin Vault is the anti-theft cryptocurrency, powered by a unique 3-layer security protocol, which ensures that your crypto is never sent (irreversibly) somewhere you don’t want it to go. Despite addressing a real need, as a commerce crypto it’s not terribly popular, but a handful of businesses accept it via crypto payment processors — from an organic personal products retailer in Melbourne to Edgecomb Potters in Maine, offering artisanal pottery.
Who accepts Bitcoin Vault…
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
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Should you buy Bitcoin Vault?
If you’ve ever been the victim of a cryptocurrency scam or sent your crypto to the wrong wallet, you get the need for an anti-theft crypto.
- Reversible transactions are a unique feature among cryptocurrencies, if your phone or computer are hacked you can take back the stolen crypto.
- It offers a proprietary 3-key wallet; this gives you the option of taking back control of your crypto if one private key is lost or stolen.
- It offers the option of a 24-hour transaction confirmation time in case you change your mind about something and a standard, rapid, transaction like you can do with any other altcoin.
As it stands, you may want to use it if you are sending money to another Bitcoin Vaulter and want the option of reversing the transaction…
Despite its promising proposition, BTCV’s price performance has been abysmal; since its launch in 2020 it reached a high of over $400, crashed badly, and its price has declined since, down to $16 now.
Bitcoin Vault offers some kind of multi-level mining scheme; you mine BTCV and then you recruit people to mine below in you in the pyramid — which makes me a bit skeptical of Bitcoin Vault! This mining has been profitable for some Youtubers apparently but, especially in crypto, a recruitment scheme is a red flag. It has a “very poor” score of 2.97 on IsThisCoinAScam.com, although the Polish team behind the project is public which is a credibility indicator.
About Bitcoin Vault
Is not, as its name might suggest, a Bitcoin fork
In 2009 an anonymous individual or team of anonymous developers created the first peer-to-peer network based on the blockchain technology that allowed users to transfer funds between anonymized hash addresses. Bitcoin revolution had begun. It resulted in a series of forks of the original concept.
One of them has led to the concept of Bitcoin Vault.
Our aim as developers was to upgrade the existing blockchain with unique features that would give users more control and raise their safety level with the way wallets addresses are managed, private and public keys are stored, and assets are transferred between individuals. We wanted to create a coin that would offer all the advantages of Bitcoin with additional features for users to have maximum control of their assets in an easy and convenient way without compromising the flexibility that cryptocurrencies offer.
With immutability of the blockchain as the key feature behind distributed ledgers, we saw not only advantages but also — from our own experiences — dangers related to lost, misplaced or stolen funds. With several changes into the code and the way how private and public keys are used in the blockchain ecosystem we came up with an idea of making irreversible transactions reversible without compromising the immutability of the blockchain.
From the Bitcoin Vault whitepaper