Bitnomics – e-Estonia’s secure brand in the crypto world

Dealing with cryptocurrency is no longer the domain of only those who buy a bunch of graphics cards and my virtual coins with them while heating their room on a cold winter’s evening. It has become a new and rapidly developing, serious financial trend. But as with any new field, there are also problems with cryptocurrency. The Estonian company Bitnomics is looking for a solution for them.

The world economy is currently in uncertain times, but one thing is certain – free money will be eaten away by inflation. So we have to look for alternatives.

If you look at cryptocurrency, due to the openness of its buying and selling, it can be a field that scares away beginners. Everything just seems too complicated. So you can find many mediators, all of whom claim to be reliable and reliable helpers on this journey. But you don’t have to look far to take the first steps. The Estonian company Bitnomics helps every step of the way.

The user-centred security of the Estonian e-state also extends to cryptocurrency. There are strict rules here to ensure the protection of every crypto enthusiast. At the same time, this does not mean that concessions are made regarding ease of use. Bitnomics customer support helps you with every step, from account creation to buying or selling. Multilingual assistance is available through various platforms, from the phone to social media channels.

When reading about cryptocurrency, you can see the complicated letter abbreviations AML, KYC, KYT, KYB, and PEP. In summary, it is a matter of different rules, the task of which is to protect the person dealing with cryptocurrency and ensure all parties’ safety and compliance with the law. In doing so, a significant emphasis is placed on not abusing the open nature of the digital currency.

Behind these letter abbreviations are the following principles and laws that ensure security when dealing with the purchase and sale of cryptocurrency:

AML or Anti-money laundering – laws and rules that prevent money laundering through cryptocurrency.

KYC or Know Your Customer – the obligation of financial companies to know who their customers are.

KYT or Know Your Transaction – monitoring transactions to identify high-risk activity patterns.

KYB, or Know Your Business – control of activities dealing with cryptocurrency.

PEP or Politically Exposed Person – surveillance of people under sanctions or people and companies associated with them so they cannot deal with cryptocurrency.

However, private customers and companies who want to start buying and selling cryptocurrency do not need to worry about these rules and laws, and it can all be left to Bitnomics. Getting started is even more convenient because the contact primarily occurs with two main cryptocurrencies: Bitcoin and Ethereum.

Bitnomics is an Estonian company developed here and follows all laws in force in Estonia but is international in its activities. Despite this, we have not forgotten our roots – Estonian people and customers!

Risk disclosure

You agree that you are free to choose whether or not to use the service provided to you by Bitnomics and that you do so at your sole option, discretion and risk. The exchange of digital currency is considered a risky transaction with highly speculative outcomes. Bitnomics does not guarantee any profit from any activity associated with its services.

  • You agree that you are free to choose whether or not to use the service provided to you by Bitnomics and that you do so at your sole option, discretion and risk. You confirm that you understand and agree that the risks associated with the Services are acceptable by you, taking into account your objectives and financial capabilities.
  • You acknowledge that purchasing or selling Cryptocurrency carry significant risk. Prices can fluctuate on any given day. Because of such fluctuations, Cryptocurrency may gain or lose value at any time. Cryptocurrency may be subject to large swings in value and may even become absolutely worthless. Cryptocurrency trading has special risks not generally shared with official currencies, goods or commodities in a market. Unlike most currencies, which are backed by governments or other legal entities, or commodities such as gold or silver, Cryptocurrency is a unique kind of currency, backed by technology and trust. There is no central bank that can take corrective measures to protect the value of Cryptocurrency in a crisis or issue more currency.
  • You should carefully consider if holding digital currency is suitable for you depending on your financial circumstances. Dealing and exchanging in cryptocurrencies involves significant risk. The value of virtual assets / currencies has high volatility (value can increase and decrease significantly in a very short period of time and at any given moment). Such price fluctuations bring uncertainty. The value of a virtual currency and collapse in demand may be influenced by many factors, including irrational (or rational) bubbles, loss of confidence in the currency, changes in software development, government decisions, creation of a competitive currency, technical problems, political or non-political statements, statements of influencers and news and hacker-attacks.
  • Your virtual assets may be lost by losing your password, private key or other security code. Virtual currencies have special risks that are not generally shared with the official currencies, because they are not issued by governments, or with commodities or goods that are tangible or registered in the official registry. Virtual currencies are intangible, decentralized, digital assets, backed by technology and trust. No central bank or other institution can take any measures to protect the value of virtual currency. Virtual currencies are autonomous and largely unregulated system of firms and individuals issuing currencies. The risk of loss in buying, selling or holding virtual assets / currencies can be substantial. You should therefore carefully consider whether exchanging virtual assets is suitable for you in light of your financial condition. Be careful to keep your private keys, passwords, security codes and words for yourself and change them on a regular basis. Bitnomics uses payment providers for transfers of fiat money for rendering exchange services and operating with the fiat money, whereas assisting banks do not, by any means, represent a medium of exchange, transfer, withdrawal, deposit or other transaction in connection to virtual currencies.
  • You acknowledge and agree that Bitnomics does not act as a financial advisor, does not provide investment advice services or guidance, and any communication between you and Bitnomics cannot be considered as an investment advice. Without prejudice to our foregoing obligations, in asking us to enter into any transaction, you represent that you have been solely responsible for making your own independent appraisal and investigations into the risks of the transaction. You represent that you have sufficient knowledge, market sophistication and experience to make your own evaluation of the merits and risks of any transaction and that you received professional advice thereon. We give you no warranty as to the suitability of the Services and assume no fiduciary duty in our relations with you. We may provide information on the price, range, volatility of digital currency and events that have affected the price of digital currency, but this is not considered investment advice and should not be construed as such. Any decision to purchase or sell digital currency is your exclusive decision at your own risk and Bitnomics will not be liable for any loss suffered.
  • To the full extent permitted by the applicable law, you hereby agree to indemnify Bitnomics and its partners against any action, liability, cost, claim, loss, damage, proceeding or expense suffered or incurred if direct or not directly arising from your use of our website, your use of the service or from your violation of our terms and conditions.
  • Bitnomics is not liable for any price fluctuations in Cryptocurrency. In the event of a market disruption, Bitnomics may, at its discretion and in addition to any other right and remedy, suspend the Services. Bitnomics will not be liable for any loss suffered by you resulting from such action. Following any such event, when Services resume, you acknowledge that prevailing market rates may differ significantly from the rates available prior to such event.
  • Internet transmission risks. Client acknowledges that there are risks associated with using the Software and Services including, but not limited to, the failure of hardware, software, and internet connections. Client acknowledges that the Company shall not be responsible for any communication failures, disruptions, errors, distortions or delays client may experience when using the Software and Services, howsoever caused.