Hello there!

As any saving account, bsave is not designed to pay interest on cents and requires a minimum in the account to be able to pay the minimum of one bit of interest on a daily basis. As the bsave rate fluctuates, the minimum balance required to accrue interest range between 0.05 BTC and 0.1BTC.

The reason why there is a minimum amount required that may be withdrawn is because we are paying the mining fees on behalf of our customers. As a consequence, there is no fees paid by our customers to withdraw btc. It would not make sense economically if we had to pay 400 bits to miners each time a client withdraws 300 bits.

We understand a lot of scams undermine businesses trying to add value to the bitcoin ecosystem and there is no such a thing that getting paid interest without trust involved. We also understand building trust takes time. And ultimately this is our biggest challenge.

As bitcoin is deflationary by design, earning deflationary interest on deflationary money is something amazing on a long-term basis in our opinion and we are proud to have built a system that paid interest to our customers on a daily basis since November.

To learn more about bsave and how it works, please check the videos below:

https://vimeo.com/165899373
https://vimeo.com/165846495

Best regards
The Bsave team

BSave Upgrades Customer Account Security with Clef
BSave, the world’s first Bitcoin savings account bearing interest by the minute, integrates Clef, a replacement for usernames and passwords and the most secure 2FA available.

April 5, 2016 - Today, BSave, creators of a new generation of Bitcoin savings account, announced an integration with Clef, a simple and secure login that replaces usernames and passwords. Starting today, Bsave partnered with Clef as its primary method and preferred choice for user login. BSave is the latest in a growing number of Bitcoin related ventures to add Clef to their features set. Many Bitcoin services deal with the transfer of currency and thus require high-level security. Clef is a highly visible way to demonstrate security and earn invaluable user trust.

BSave is a London based start-up which has created the world’s first cryptocurrency savings account bearing interest by the minute. The platform allows individuals to create an account, transfer their bitcoin into the new account, and start earning competitive interest rates immediately. Interest is credited to customer accounts on a daily basis, and presently BSave sites a 2.89% APR for customer accounts. BSave also guarantees full liquidity on all accounts. Customers can withdraw funds at any time without financial penalties. The company has taken implemented a suite of security measures, the latest of which is the Clef integration, to assure the maximum level of customer account security.

On top of the basic cryptographic login that Clef offers, BSave has also integrated Clef’s advanced protections through a feature called, “Distributed Authentication.”  Normally, when you log in with Clef, all of the cryptography happens on the Clef server, and then your information is passed to whatever site you are logging in to. With Distributed Authentication, the site gets a copy of your public key from the Clef server to verify the login. The site then sends a challenge to the Clef app on your phone, where you confirm and sign it. This lets the partner site verify the login independently of the Clef server, so that even in extreme cases of compromise, your account is still protected.


About BSave
BSave is delivering products and infrastructure to facilitate the adoption of Bitcoin. The Company is focused on delivering accessible, transparent, safe and easy to use products for the consumers and is uniquely positioned to do so based on the experience and background of the founding team which combine skills in:
Capital markets, algorithms and financial structures
Easy to use applications and interfaces
Transactional platforms
Digital currency security and blockchain know-how
BSave, will continue to expand its market reach and product offering through a pipeline of innovative products and partnerships and plans to become a significant player in the emerging digital currency market. For more information, follow us on twitter at @bsave_io or visit us at: www.bsave.io

About Clef
Clef has built a replacement for usernames and passwords that makes it easy for businesses to provide customer accounts with maximum security. Clef powers logins for more than 150,000 sites and The New York Times described Clef as “magical.” Additionally, the company has received accolades from, Techcrunch, and The Economist. Clef is based in Oakland, California and is funded by Morado Ventures and angels from a broad variety of product and security backgrounds. For more information on Clef, visit getclef.com or check out their press kit.

Hi there!

My name is Jonathan Azeroual, I am the CEO and co-founder of BSave Limited, a UK company.
I graduated in Financial and Statistical Engineering from Paris Dauphine University and holds an MBA in Finance from ESCP Europe. I worked as a quantitative analyst, fund manager and trader in France, United States and United Kingdom. Frustrated by the limitations of the existing financial institutions I decided to co-found BSave.

We think the bitcoin ecosystem has great products. Wallets on a side, trading platforms on the other side.
BSave aims to make the bridge between the two to provide a simple, easy and hassle free saving solution, yet is the result of an extremely sophisticated automated transaction platform that tracks, reports and calculates interest earned, with up to the minute accuracy. We put hard work to create an intuitive product accessible to most with great features.

Because it is a private beta for now, here is more concrete informations about the service:

1. The interest comes from the loan margin market and paid by traders for borrowing saved bitcoin.

2. BSave is integrated to Coinbase via Coinbase APIs as a result BSave never access your password. Neither BSave will be able to debit your account without your authorization because of double factor authentication. The whole wallet architecture of BSave is provided by BitGo. We are currently working on a co-branded page with Bitgo to validate our reserve of bitcoin. Plus, we received the green light from Coinbase after testing before launching invitations.

3. Features:

-Ease of Use: BSave is the first integrated saving solution for the consumer.
-Rate: Average of 3.3% APR (so far)
-Frequency: Daily Floating Interest Payment
-Financial Penalty: none (paid the exact time you saved, each minute is taken into account)
-Fair rewarding system: Daily interest paid are calculated using sophisticated mathematical models and reflect both your time weighted average balance and the floating rate paid by the market

We decided to start with a private Beta on invitations because:

1) You have only one chance to make a first good impression.

2) We care about user experience, because there are no explanation or FAQ, our beta testers are focused on the product, we want to perceive their first impression and feelings.

Some beta testers are using BSave since 2 month and we have received positive feedback so far.

The BSave will attend two major conferences in January. The CES in Vegas and the North American Bitcoin Conference in Miami as a sponsor (btcmiami.com).

We would love to get in touch with you. To organize a meeting, please contact us at hello@bsave.io.

Best regards