Bit.plus

The app is operated by IP wBTCb solutions, s.r.o., company number 03058417; cash exchange by wBTCb.cz, s.r.o., number 02918030. The documents page reflects this split. The European supervisory authority ESMA records a MiCA authorization notification dated 13 June 2026 for the first company, covering custody, exchange and transfers. For the second it lists 26 June 2026 and exchange for money. The practical point is straightforward: app terms cannot automatically be applied to a cash purchase. The company’s authorization is not a promise of returns on the bitcoin you buy. [1] [2]

Bit.plus App shows the assets the provider records for you; it is neither a bank nor a payment account. Supported BTC means bitcoin, ETH means ether, and USDC is a dollar stablecoin designed to track the dollar’s value. For USDC, the documents specify Ethereum and ERC-20, the token standard on that network. Transfers are allowed only from your own verified account or wallet and back to you, not between third parties. Before depositing, check both the network and the minimum. The tariff sets a minimum of 0.0001 BTC after the network fee; the terms say a smaller transfer is not credited and gives no right to its return. A later, larger deposit does not remedy this. Even a small test transfer must therefore meet the service’s minimum. [3] [4] [5]

Compare what you pay with the amount of bitcoin you ultimately receive. The app tariff effective from 24 September 2026 lists exchange execution as free, but the terms include a commercial margin in the quoted rate: part of the price pays for the provider’s operations and risks. The tariff lists 3% for incoming card payments and a variable network fee for outgoing transfers. A free line item therefore does not mean zero total cost. What matters is the recap of your particular trade before confirmation, not the label beside one item. [3] [5]

Custody means the provider manages the bitcoin and you issue instructions. Your login password is not a private key that authorizes a Bitcoin transaction. The published documents dated 24 September 2026 also contain an inconsistency: section 3 of the custody policy names the client as owner, while article II.6 of the terms names the company. Both also describe holding assets on the client’s behalf, separately from company assets. Ask the provider to clarify this; the inconsistency alone does not establish the legal outcome of a dispute. Neither wording itself gives you your own signing keys. [3] [4]

To transfer to your own wallet, you provide an address, but the bitcoin still has to be sent and received. The framework agreement describes normal return onchain, meaning through a transaction recorded on the blockchain, after AML/KYT/Travel Rule checks: anti-money-laundering checks, transaction assessment and verification of information about the transfer’s participants. Handing over access means is allowed only exceptionally under further conditions. If the company becomes insolvent, the custody policy specifies an invitation to confirm an address within 15 business days of the insolvency announcement. This is the deadline for the invitation, not a promised bitcoin arrival date. The plan is not deposit insurance either. [4] [6]

Imagine paying someone with a Czech bank account using your crypto-assets. Kryptoplatba first exchanges the assets, then sends CZK, Czech crowns, to a third party’s account in Czechia. The recipient receives crowns, not bitcoin; this is not a direct Bitcoin payment between wallets. The terms require credit to the recipient’s payment provider by the end of the next business day after the exchange settles. That is a subsequent banking step, not an unconditional clock starting when you click. Checks under AML rules can also result in the transaction not being carried out. [3] [6]

Buying through a bitcoin ATM or cashier location also requires registration. The wBTCb.cz cash terms set a range from 1,000 CZK to the equivalent of 1,000 EUR for a one-off trade outside an ongoing business relationship. Related trades are assessed together, so splitting an amount into several orders is not a way around the limit. At cashier locations, GECO handles cash receipt or payout through IP wBTCb solutions. The exchange, rate and complaints remain the responsibility of wBTCb.cz, your contractual partner for this service. Registering for the cash route alone does not create an app balance. [7]

An order presented by code at a cashier location can be paid within 2 months. You approve the final rate there, however: the period does not fix the price for two months. Cancelling after approving the rate but before handing over cash may incur a charge. A different timing rule applies to selling BTC: the terms require broadcasting the transaction within 10 minutes of the instruction and its first confirmation within 45 minutes of broadcast. Confirmation means inclusion in a block. The fee can affect the chance of prompt inclusion, but cannot guarantee when the next block will appear. Treat the code, broadcast and confirmation as different steps. [7]