• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • register
  • login
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Blockchain

Korean Cryptocurrency startup gets you the ‘Kimchi Premium’ experience with ‘Bitro’

KoreaTechDesk Writer by KoreaTechDesk Writer
May 24, 2021
in Blockchain
1
Bitro

Bitro offers trading cryptocurrencies with other digital assets in the P2P market.

0
SHARES
372
VIEWS
Share on FacebookShare on Twitter

Korean Blockchain/Cryptocurrency startup, Gameper Co., Ltd., has launched ‘Bitro’. It is a global app for trading cryptocurrencies with other digital assets in the P2P market aimed at helping the world take advantage of the special ‘Kimchi Premium.’ Bitro’ supports many payment methods such as mobile gift cards, e-cards, and mobile points.

‘Freedom’ and ‘Secure’ are the two main values ‘Bitro’ brings to the P2P market

‘Bitro’ traders can buy/sell bitcoins by setting a price above or below the currency price. You can either set a price or use a percentage to determine the price you wish to trade. A simple percentage slider is provided for easier interaction. If a percentage is set, the seller’s price will change according to the current market price and the percentage the trader has set. ‘Bitro’ will then calculate all the necessary information and provide the trader with a final price to be traded on. All you have to do is focus on the final price.

The current payment methods ‘Bitro’ provides are bank transfers, mobile gift cards, e-cards, and mobile points. But since trades are conducted via private chats, traders can use any kind of payment method they wish by mentioning different payment methods through hashtags or during a chat. Hashtags can also be used to promote your trade or add additional conditions to your trade.

P2P markets can be tricky since you are trading with someone you don’t know online. ‘Bitro’ wants to change that by providing an automated escrow service with a tight dispute management team. Once a trade begins, the seller’s bitcoins are automatically escrowed. Then the trade proceeds via an automated chat sequence. You will be able to chat freely, but in order to progress the trade, you would need to go through the chat sequences. Think of them as instructions for a smooth and safe trading experience. Once the trade is complete, the seller’s bitcoins are automatically released and sent to the buyer.

All trades can be disputed with the ‘Dispute’ button if a trade does not complete, or something suspicious happens during a trade. The ‘Dispute’ button files the current trade into a dispute, and a ‘Bitro’ representative is contacted. Then the dispute team will contact both parties and review the dispute. Most disputes take less than 30 minutes to be resolved, helping to provide a seamless P2P trade experience.

‘Bitro’ helps traders to make a profit by using the ‘Kimchi Premium.’ The ‘Kimchi Premium’ happens when Korean cryptocurrency exchanges have a higher price than most global exchanges. By using ‘Bitro,’ a trader can sell their cryptocurrencies at a higher price in Korea without the hassle of creating an account in a Korean exchange.

Currently ‘Bitro’ only supports bitcoins as a tradable cryptocurrency but will be supporting a lot more digital assets such as Ethereum, Ripple, Litecoin, etc., in the near future. Gameper CEO ‘ChesterLee’ sees ‘the crypto/Blockchain market becoming more regulated, which is positive for the market and will help expand the global market in general. ‘Bitro’ is available on both iOS and Android devices.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: BitroBlockchainCryptocurrency tradingGameperKimchi PremiumKorean Startup
Previous Post

US-Korea strengthen ties and news about Korean startups

Next Post

EVR Studio’s plans for a new VR game & IPO gains momentum with fresh investment

Next Post
EVR Studio

EVR Studio’s plans for a new VR game & IPO gains momentum with fresh investment

5 1 vote
Article Rating
Subscribe
Login
Notify of
Please login to comment
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • Top Korean Dating apps that can help you make new connections in South Korea

    12 shares
    Share 12 Tweet 0
  • 10 K-Dramas to watch for some ‘money matters’

    0 shares
    Share 0 Tweet 0
  • Top 3 Websites where you watch Korean drama & movies

    12 shares
    Share 12 Tweet 0
  • Korean Ministry selects 60 promising startups for the ‘Baby Unicorn’ project 2022

    0 shares
    Share 0 Tweet 0
  • Korean Webtoon companies that are giving the audience addictive content

    15 shares
    Share 0 Tweet 0
  • 13 Reasons Why Seoul is the best city for startups to launch their business 

    0 shares
    Share 0 Tweet 0
  • Three Restaurant Apps to try out for a fine dining experience in South Korea  

    9 shares
    Share 9 Tweet 0
  • Proptech startup Zigbang receives $27 million investment from VC Association fund

    0 shares
    Share 0 Tweet 0
  • Korean startups that are putting the planet first

    0 shares
    Share 0 Tweet 0
  • Korean healthcare startup VNTC gets investment from YouTube founder Steve Chen

    0 shares
    Share 0 Tweet 0
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Copyright © 2021 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • KISA
    • KISED
    • KOCCA
    • KOTRA
    • MSS
    • NIPA
    • SBA
    • SFL
  • Programs
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
  • Investment Opportunities
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Submit an Article
  • Forums
  • register
  • login

Copyright © 2021 KoreaTechDesk | About Us | Sponsorships| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

Posting....
wpDiscuz
1
0
Would love your thoughts, please comment.x
()
x
| Reply

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.