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Access to alternative investments is increasingly in demand. Because while there is uncertainty in stock markets and confidence in some currencies is weakening due to incredibly large floods of money, investments such as cryptocurrencies are moving steeply past other asset classes. With the Relai Bitcoin App This opens up an uncomplicated Access to the largest cryptocurrency Bitcoin.
The Relai App Experience show you how safe the app is, how you can reduce the Relai fees and what you should definitely look out for!
Simplicity is the focus of the Relai app. The crypto app is not meant to buy countless currencies, but exactly one: Bitcoin. And this simple, straightforward, fast, without registration and without separate wallet or hours of research into how exactly this is done.
You rarely see anything like that today. Rather, people often jump on every bandwagon, and in the end, some service providers offer a lot, but nothing really good. The Relai App for Android and iOs was in the Switzerland develops and, according to its own statements, represents the fastest access to bitcoin dar.
The concept of the Relai app: Banks are forced to know or identify their customers. However, there is no identification procedure in the Relai app! Instead, the data of the transferring bank from which you transfer (fiat) money is sufficient to buy Bitcoin in the Relai app. This means that no data is collected from you and time is saved enormously. From the app download to the start of the function Only a few minutes.
Directly on the blockchain or encrypted via the seed on your mobile phone.
No problem, as long as you have written down/saved your password (seed). Enter the seed on your new mobile phone and you're ready to go.
With the Relai voucher code CHFRANKE you save 0.5% fees on your purchases. Furthermore, you can buy up to CHF 1 Bitcoin per month at Relai for 0% fees, i.e. free of charge buy!
This gives you a Relai fee of 1%, which is a very fair cost for all the features.
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
The Relai app is a Full access to buy, hold and resell Bitcoin. In the screenshots below you can see how simple everything is kept and structured. It is important to write down your seed password and keep it in a safe place. If you lose or change your mobile phone, you can use the password to access your Bitcoins again.
You can enter the CHFRANKE Relai referral code during the checkout process. After entering the amount, a field will appear in which you can enter your Relai referral code.
Security: People often ask "how secure is Relai"? Like any application that has to do with money, Relai is also subject to the principle of caution. If you buy really large amounts of Bitcoin, it is advisable not to store them permanently in the Relai app. To do this, you can transfer your coins from the app to your personal wallet.
For example, a Carry forward to the Relai Ledger (or to other wallets) very easily by clicking on "Send" in the Relai app and then entering the address of your wallet. Be sure to check that the address is correct and make a small test transfer at the beginning before sending larger amounts to Bitcoin.
The same is true, by the way, when you Sell Bitcoin want to sell. You can select "Sell" via the + (plus symbol) in the app and exchange your Bitcoin for Swiss francs.
The next step is to enter your account details for the payout and you are ready to sell your bitcoins. You may need to verify your wallet to "Level 2" first if you have not done so before. You can do this easily in the Relai app menu under "Profile" and then "My wallet level".
In the test, the Relai payout within one weekday.
After Neon and Findependent, the Relai Höhle der Löwen Switzerland appearance also took place on 30.11.21! You can find out exactly what Relai plans to do with the targeted investment in the coming months and what development steps are planned here. Major development steps for Relai 2.0 have already been taken in 2021 and published in the release in mid-November 2021. If you would like to get a closer look, you can download the Relai app for free. download. With our Promo code CHFRANKE you benefit from 0.5% less fees!
"Intelligent people learn from the mistakes of others".
We have compiled our top selection for you from all our tests and experience reports:
The Relai app provides easy access to Buying and selling bitcoins. If you want to buy and hold larger amounts, you should think about the storage concept. After all, money always attracts criminals, so it is advisable to spread sums above your personal "pain threshold" across at least one or even several wallets. But for a first introduction to the crypto world, it couldn't be easier and more straightforward than with the Relai app.
After all, negative experiences can always occur in the crypto world, as there are also dubious products and scammers out there. So it's all the better to have a simple solution which is even Swiss Made!
The Conclusion on the Relai experience is therefore consistently positive off.
Do you have more questions or suggestions on the topic of cryptocurrencies?
Feel free to leave a comment!
Note: With the Code CHFRANKE you get 0.5% lower fees at Relai Switzerland!
The CHFRANKE You can enter your Relai referral code during the checkout process. For this purpose, after entering the amount, a field will appear in which you can enter your Relai referral code.
Yes, with Relai, the Bitcoin is stored directly in a separate wallet on your smartphone. You control the private keys and can transfer the coins to an external wallet at any time.
At Relai, buying Bitcoin is easy and can be done via bank transfer.
The KYC (Know Your Customer) process is necessary because Relai introduced the KYC some time ago. Since then, identification has been necessary for full app utilisation.
If you lose the private key (seed), you lose access to your Bitcoin. Make absolutely sure that you keep it safe.
44 responses
With the monthly savings plan/auto-invest you save a further 0.5%. What happens if you cancel the savings plan after just one month, for example, i.e. stop the standing order with your bank? In that case, you would have received a further 0.5% discount and still only made a one-off payment. Why should you choose the single payment or "one-off" option without a discount if the savings plan is always cheaper? Does Relai subsequently demand a refund?
have installed, verified, but have no access from Thailand,
the local network operator prevents a money transfer,
Is there a solution?
Thanks for answers
Greetings
Hello Hubert
A VPN may be able to help you. Personally, I use Express VPN. There are many providers (e.g. Nord VPN etc.) make sure you use a reputable provider.
Greetings from ZH to Thailand,
Eric
Hello
Quote: "The next step is to enter your account details for the payout and you're ready to sell your Bitcoins."
This means that it is neither clear in which fiat currencies payment can be made, nor how, how quickly and under what conditions the fiat proceeds for the Bitcoin sale will reach my bank account.
Simply entering my account details means no more and no less than that I am disclosing very personal data, nothing else!
I would like a recommendation to be formulated in appropriate detail. Otherwise, it could give the impression that it is ONLY aimed at the use of the reference link.
Hello MaZiPu
Your question about speed cannot be answered in general terms for several reasons. The processing time will also depend to a large extent on your receiving bank. Of course, you also need to take into account your bank's opening hours, etc. ... why don't you do a small test payment and then comment on your experience here.
The Relai conditions and fees are included in the article above. As far as the currency is concerned, we are currently talking about CHF.
If Relai expands into other countries (which is currently planned), I suspect an update here.
PS. The Relai test has been running for much longer than a ref link was placed here. All providers are always put through their paces first before any kind of partnership is approached, like you here experience.
Why shouldn't I also trade and deposit BTC or ETH with Swissquote or Yuh (yes, I know "not your key not your coin")? I also deposit cash and securities there and feel quite safe, why should it be any different with BTC?
I was never able to access my Relai account again after changing my mobile phone (but I made a note of the 12 words and checked them carefully). Fortunately, I transferred everything to the Swissquote Wallet shortly beforehand.
Hello Jürg,
It's always a question of trust. Over the past year, many banks have collapsed and many crypto exchanges have gone bankrupt.
With Relai I first had the case myself: New mobile phone. I entered my words and was able to access my values again immediately without any problems.
Some crypto "baskets" are offered at Yuh. These are certificates, i.e. structured products. If the issuer of such a product gets into financial difficulties, investors are exposed to the issuer risk of 100% and, in extreme cases, suffer a total loss.
"Not your keys, not your coins" may sound trite, but it's a fact. The only thing is that you need to take a close look at the subject and understand what you are doing. Whoever holds the key to the safe is also responsible 🙂
I just changed my mobile phone and since then I can no longer access my Relai account or Relai simply opens a new one. No, I had noted down the 12 words and even checked them exactly with the list of possible words and I only have Relai as a wallet as exactly these 12 words. Fortunately, I only have BTCs there in the 4th decimal place and moved everything to Swissquote before the switch (there is only a tiny amount left on Relai). I much prefer Swissquote and yes BTS does not puur the certificates. My securities account is also there and so is some cash, so why shouldn't I have confidence? Of course there is a residual risk, but that is limited and I haven't parked 1000 BTC ;-). BTC is play money for me and I don't adhere to the phrase "Not your key..." or Warren Buffet's phrase "In and out empties your pockets", but only with BTC.
Relai is also recommended by Blocktrainer (the best-known BTC YT blogger in the German-speaking world). If you tinker a bit, you can set Relai to transfer every BTC purchase (e.g. monthly transfer) from BTC directly to your hardware wallet.
For people who "only" want to profit from the price performance of Botcoin, the ETFs are a good thing. The advantage of self-custody is that you can trade 24 hours a day and it cannot be confiscated. The trucker demos in Canada have shown that governments are capable of blocking citizens' accounts, even if they are just demonstrating. So self-storage is also about idealistic reasons.
I myself made several purchases in Lugano in 2023, such as espresso, kebabs and T-shirts, using BTC (Lightning) on my mobile phone. They even have their own crypto payment terminals (similar to EC card terminals). You don't even notice it, it's like paying with a card, Twint or Apple Pay.
Great, thank you for your insights, Patrick! 🙂
The fees are far too high. You are limited to CHF 1000 per 24 hours. The payout costs 1% of the amount with a discount code (!), i.e. over 10 CHF, and then it takes 3 days for the money to arrive. I am very disappointed.
Unfortunately, there is no reputable provider from Switzerland who would offer this at a lower price. 1% are very common even among international providers.
Furthermore, large international providers such as Binance constantly have problems with regulation and therefore payouts there are sometimes not possible at all. That would be the absolute worst case!
Personally, I therefore prefer Swiss Made.
briefly on my positive experience:
1. the head office of the company is in Switzerland = for me more trustworthy than locations in Eastern Europe where many start-up banks are located.
Once you have loaded the app, you get a really very sorted and clear overview of investments and transactions made as well as the current BTC balance.
Fees are presented transparently. Here I also recommend a monthly savings plan, because you can buy BTC up to 100 EUR monthly with 0% fees. This makes it ideal for beginners.
4. deposits can be made by bank transfer / card payment or via Apple Pay
5 You can also send your coins to your hardware wallets or have them "stored" at Relai.
Conclusion: Relai offers everything you need to buy BTC with low fees. The app is easy to use and is also suitable for BTC newcomers.
For all those who install the app!!! By using this referral code: CHFRANKE your fees will be reduced by 0,5%
Hello, Eric.
I invested 1000 euros in Bitcoins with a Sandra Schüler-Kaiser at Expert Trading Options (Telegram Group), behind which stands the dubious company Torex Wealth, as I of course only found out afterwards. After 3 days, the profit was 15000 euros, which makes your head spin a bit. But you couldn't cash it out until you had paid the 20% commission fee in advance. But fortunately I didn't do that. Can't such groups be banned? Bitpanda also has such a Telegram group.
Fortunately, I have now come across your page.
Hello Ruth,
Thank you for your feedback and your experience - hopefully it will help other readers here too.
Unfortunately, there are still many dubious projects and providers in the crypto sector. If they are based abroad, the authorities can hardly get to them, or only for far too long.
Relai is one of the few Swiss crypto providers and therefore a welcome port of call for many Swiss women 🙂
0% charges when using the referral code is unfortunately not true. It's a pity to be misled like this.
Hello Dani,
the 0% charges were only a limited time promotion (as displayed at the time). Unfortunately, the Relai no longer offers. But there are still 0.5% lower fees with the Relai coupon code CHFRANKE.
Here, is a code for you to save fees.
Have a nice weekend
Hello
If I take the code from someone gets the commission for each purchase?
As far as I know, both benefit from the Refer a Friend program for a while. You get low fees and your friend gets a mini bonus for inviting you. Treat your friends to a few centimes 🤣
Como funciona o Relai voce deposita uma quantia desejada e depois como funciona voce investe o dinheiro em outras plataformas ou como è que se passa. Alguem me poderia responder
Hi Jorge, yes you transfer money to your relai account and afterwards you can buy bitcoin from there on. Also holding, selling or sending it from there on is possible.
Hi, I only created the recovery phrase after the first purchase. When creating it, I noticed that it said "Before purchase" at the top of the view. What does that mean?
And can you have recovery phrases created as often as you like?
Kind regards
The best way to do this is to ask Relai's support directly. You will get an answer directly there. Best regards 🙂
Hello. Is Relai suitable to withdraw the bitcoins to the bank account? And if so, how does it work?
Hello Daniel, yes, it works like this: In the Relai app, click on the plus button (bottom centre) and select "Sell". You can then enter your IBAN etc. and make the payment. Note the limits of e.g. a maximum of CHF 1,000 per day. Best regards 🙂
My name: Hans Ege
I watched the TV show yesterday: RE LAI. I am excited about the simplicity of access without confirmation and complicated
Codes that always change. Can you e-mail me more info and explain how to get started for investment. Am not an online freak !!!
Thank you for your efforts.
Relai's offer is a good thing, but "... is the fastest way to access Bitcoin, according to their own information." is not true in my opinion. The "PocketApp" (also made in Switzerland) is a much simpler method and avoids the diversions via an app → the purchased Bitcoin ends up directly in the hardware wallet 🙂
With the code save 0,5% bi each purchase.
Just igeh bim purchase.
Good luck!
Hey. Using the Relai referral code, save 0.5%...
Have fun 🙂
If you use it to invest in bitcoin with the Relai app, you'll pay 0.5% less in fees! 👍
With the code REL1400 you save 0,5% of the costs and the amount will be credited to your account from 10$.
With the referral code REL1400 you save 0.5%, after all, otherwise great thing
Why does the Relai Wallet only have 9 seed words?
Good question. Usually you encounter more 12 word seed phrases. But 9 words are already enormously hard to hack, especially compared to what we usually do/save/secure on our devices.
Relai offers a WhatsApp community. If you want you can ask there and share the answer here 🙂 .
I just opened an "account" and had to enter 12 words!
and forgot to enter the code REL1400 🙁
haha :)... maybe you can get support to enter the code later?
With the REF code REL1400 you save with Relai 0,5% fees after all something. This is credited from 10 francs in BTC.
Very simple app, have been using it for some time now, can only recommend it!
Hello, Marcel,
Have tried relai app times. Have after some transactions the feeling that they always offer you the sats at the absolute daily maximum prices. So, strictly speaking, the costs of a very bad course are added to the fee. The whole thing I find really intransparent and is so actually not recommended. Or am I wrong?
Greetings
Hello Chris
I have checked this and compared the rate in Relai in parallel with the rate on Finanzen.ch where it is updated every second. Have observed that it is updated in Relai in the purchase field not as often as in the comparison portal. Partly the rate was better and partly worse (5-6Eur which corresponds to the current rate of about 30,000Eur about 0.00016%).
Definitely the fees at Relai are too high for my taste to buy high amounts. For the first entry certainly top, but who is longer there should anyway deeper into the subject and also seek about a secure storage solution / wallet.
I like to use Bitcoin Suisse, also Coinbase (review coming soon - check blog!) 🙂 LG
Hello, can I transfer with my BTC from Relai wallet to binance or other exchanges?
Thank you
Hello Marcel
of course. You can transfer money to any address out of Relai or receive BTC!
Puuh there are the fees but extremely high😵😵
I would rather recommend Kraken.com to buy and a ledger for safekeeping.
Hey Nico
the fees are really not the cheapest. But the simplicity of access to Bitcoin. Especially at the beginning it can be very complex for newcomers to deal with a ledger and all the issues. To get some skin in the game, you can confidently with Relai. And who has then liked, we will certainly deal with alternatives in the long term.
Love!