Relai: The Simplest Way to Save in Bitcoin

Overview

Relai is a mobile application built in Switzerland that makes buying and saving Bitcoin very easy. It is designed for people who want to invest in cryptocurrency without dealing with complicated tools or confusing interfaces. The app allows users to start their journey with Bitcoin using as little as 50 EUR or 50 CHF. It has gained trust from over 100,000 users and holds a high rating of 4.6 stars on the App Store.

Benefits

Relai focuses on three main advantages: security, simplicity, and transparency.

First, the app prioritizes self-custody. This means that when you buy Bitcoin, the coins go directly into a wallet that only you can access. Relai does not hold your funds, and no bank does either. You are given a 12-word recovery phrase that acts as the master key to your wallet. As long as you keep this phrase safe, your Bitcoin remains secure even if you lose your phone.

Second, the user experience is extremely simple. The interface is clean and easy to navigate, making it suitable for beginners who have never touched cryptocurrency before. Users can set up recurring savings plans to buy Bitcoin weekly or monthly, which helps turn investing into a regular habit.

Third, the company operates under strict Swiss regulations. Relai is registered as a Crypto-Asset Service Provider in the European Union and follows quality standards in Switzerland. This regulatory compliance gives users confidence that the platform is legitimate and safe.

Use Cases

Relai serves a wide range of people looking to enter the world of Bitcoin.

For new investors, the app provides a straightforward way to buy small amounts of Bitcoin using bank transfers, credit cards, or digital wallets like Apple Pay and Google Pay. The low minimum purchase amount makes it accessible for those with limited budgets.

For regular savers, the app offers a feature to set up automatic purchases. This allows users to invest a fixed amount of money every week or month without needing to remember to do it manually.

For larger investors, Relai offers a private service tier for individuals who trade large volumes. This service includes personal support and expert guidance to help manage bigger portfolios.

For businesses, there is a dedicated business tier that allows small to medium-sized companies to add Bitcoin to their corporate balance sheets with professional assistance.

Pricing

Relai is transparent about its costs so there are no hidden surprises.

Users pay a 1% fee when buying or selling Bitcoin. This fee can be lowered to 0.9% if the user has a referral code. The price displayed in the app includes a small spread, which is shown clearly before any transaction is confirmed.

There is a special offer for savings plans. The first monthly savings plan up to 100 CHF or EUR is free of Relai fees. However, users should note that using credit cards, Apple Pay, or Google Pay adds an extra 3.0% fee per transaction. Using a bank transfer avoids this additional cost.

Vibes

The community and users generally have a very positive view of Relai.

Many users praise the support team for being helpful and available around the clock through various channels like Telegram, Twitter, and email. The app is often described as intuitive enough for non-technical people. One user noted that even their grandmother could use the app without any issues.

Long-term users who have been on the platform since early 2022 report no problems with buying Bitcoin or smaller units called sats. They describe the app as smooth and well-built.

The referral system is also well received. Users appreciate the fair bonus structure and see it as a sign that the company stands against pyramid schemes. Overall, the vibe is one of reliability and trust.

Additional Information

Relai is a Swiss company that takes security seriously. In the European Union, Relai EU is registered as a Crypto-Asset Service Provider under the MiCA framework with the French financial authority, the AMF. In Switzerland, Relai AG is a member of the VQF, which is a self-regulatory organization for financial services. These memberships highlight the company's commitment to operating within high legal and quality standards.