Review of BTC Banker - Bitcoin exchanger in Telegram. Instructions for buying and selling Bitcoin, commissions and tips.

BTC Banker is a popular Telegram bot that allows you to safely and anonymously buy and sell Bitcoin using more than 40 payment methods - including transfers to cards of Russian banks (Sberbank, Tinkoff, Alfabank and others) and electronic wallets (Yandex.Money, Webmoney , QIWI).

Transactions are made between people, and the bot acts as an exchange and security guarantor (P2P exchange with a deposit function).

All payments are processed instantly, and the commission for transactions is only 0.98%. Traders who have reached 200 rating points have the opportunity to completely disable commissions.

It is worth noting that the bot is also a secure wallet with the ability to transfer bitcoins between users instantly and without commissions. To do this, just write out a gift check and send it to the desired user.

What is Banker?

Banker is a bot for the Telegram messenger , with which you can buy and sell various cryptocurrencies. The program offers users a convenient and simple interface, as well as a favorable rate. The application can be installed on a smartphone, laptop, tablet or desktop computer.

It is worth noting that this is a multifunctional exchanger, since this service allows you not only to carry out transactions, but also to work with the application as a wallet. Therefore, using this bot, the user will be able to store BTC coins or other digital currencies.

Bitcoin exchanger on the Telegram social network

In order to start using the robot’s functionality, just enter its name in the Telegram search query - @BTC_CHANGE_BOT.

In the future, you will only need to perform those actions and operations that the bot suggests. Service features:

• The entire structure of the robot is tied to an automatic interaction scheme. For all transactions within the service, a small commission is charged - 0.98%. For professional money changers who have accumulated over 200 bonus rating points, the system will automatically disable commission fees.
• Telegram bot users can transfer gift receipts to other members of the social network. There is no fee for this transaction.
• Btc Banker Bot can be used not only as a tool for receiving and transferring cryptocurrencies, but also as a place to store funds. The wallet has high levels of security and protection and allows you to store an unlimited amount of funds.
• Inside the bot there is an acceptable exchange rate that suits all participants in the transaction.

What cryptocurrency can you buy through Banker?

If we talk about btc_change_bot, then from the name it is clear that the algorithm is designed to work with the digital currency Bitcoin. However, developers have created other applications to use popular coins:

• dash_change_bot.
• ltc_change_bot.
• doge_change_bot.
• eth_change_bot.
• bcc_change_bot.

The functionality and interface were not subject to changes. The developers continue to adhere to the initially chosen concept.

Contacts

The main resource of the project is Telegram, but there is also an official website. Antivirus programs prohibit access to it, warning about phishing. Some alarming reviews of ‎BTC BANKER and frequent hacker attacks indicate that such accusations may not be unfounded.

Contacts:

• website: bitzlato com;
• Telegram bot: @BTC_CHANGE_BOT;
• Telegram page: @BTC_BANKER_BOTS;
• Telegram chat: @bitzlato_rus;
• Telegram support: @HELP_BITZLATO_BOT.

Communication with the administration is carried out exclusively through Telegram.

Pros and cons of using a bot

Some of the benefits of the services have already been discussed earlier - favorable rates and a user-friendly interface. However, this is not a complete list of the strengths of the automatic algorithm. Firstly, it is worth noting the option to create advertisements in which you can specify the conditions you are interested in: payment system, rate, transaction amount.

Secondly, buying and selling cryptocurrency through this application is characterized by maximum security. After all, when both parties to the transaction have come to an agreement, the coins in the seller’s account are immediately frozen. Therefore, if the buyer does not receive digital currency, then he can create a complaint and eventually get his money back.

Thus, the main advantages include:

• User-friendly interface and mobility.
• High speed of the service.
• Reliability and safety.
• Gift check.
• Protection of personal data.

However, this service also has certain disadvantages:

• Commissions are higher than on stock exchanges.
• The owner of the service has a real influence on the exchange process.
• Long-term account verification.

If you can put up with the first drawback, since this flaw is characteristic of absolutely all services of this type, then the second one raises serious concerns. What will the owner of the program do when a huge amount of cryptocurrency is entered into the system? Nobody can answer this question.

Reviews

There are positive reviews about Telegram ‎BTC BANKER, but there are many negative comments. Fans of the platform talk about the quality of services and security of operations.

Fans of the platform talk about the quality of services and security of operations

Many dissatisfied customers accuse the project of stealing money and cryptocurrency. Dozens of users confirm an unexpected block with all funds written off. The frequency of these accusations has led to a decline in the project's reputation.

The project is accused of stealing money and cryptocurrency

Dozens of users confirm unexpected blocking

How to use btc banker?

Using the service is actually extremely simple; you just need to create an advertisement for the sale or purchase of digital currency, in this case Bitcoin coins. To do this, open the main menu and select the section “BTC Exchange” à “Add Advertisement”.

Then we select the direction of the transaction - buying or selling cryptocurrency, and also select one of the available payment systems. The user must also specify the exact or approximate exchange rate, as well as the transaction amount in rubles.

As soon as an offer matching your requirements appears, you will be notified. As a result, it will be possible to complete the transaction.

How to buy Bitcoin for rubles from a Sberbank card

The next step is to click the “ exchange BTC ” button. And here, as you understand, you can either sell the bitcoins you have or buy more. Let's go to the buy section.

We will be shown the bitcoin rate for the selected exchange. Using the arrows in the menu, we select the payment method that suits us. We also select the cost of exchanging BTC in the telegram bot, depending on the payment method. We will be offered several options (how many applications there are at the moment) and the cheapest option will be the first.

Please note that the brackets indicate how much BTC can be exchanged in a given transaction. Usually the minimum and maximum values ​​are specified. That is, you cannot exchange less than the minimum amount, and accordingly you cannot buy more bitcoins than the author of the proposal indicated.

Once we have chosen the application that suits us, click on it? indicate the amount we will pay and click “confirm transaction”. Also, before confirmation, we can get acquainted with the seller: his rating, the number of transactions, his login and look at reviews of his exchanges.

Then you confirm the transaction, or you can cancel and choose another seller.

You will be given the details for which you will need to make the transfer; you confirm that you have made the transfer.

After confirmation of the transaction by the seller, we receive our treasured coins. Leave a review and mark this to create a user rating. By the way, the seller will most likely give you a plus in return.

You can sell Bitcoin just as easily, go to the “ Exchange BTC ” item and click “ sell bitcoin ”. Select a payment method and create a request. For the first operation, you will need to provide the details (in the future they will be taken automatically) for the transfer. When someone is interested in your transaction, you will receive notifications and after confirmation, your bitcoins will be sent to the buyer.

Concreting function

The “Concrete” button opens up the possibility of converting tokens into Monolith stablecoins (USDM and RUBM) and Tether with an average spread of 0.6%.

The process takes only a few minutes and includes commission fees:

• 0.05% (Maker) | 0.15% (Taker) - for transactions with USDT;
• 0% — for transactions with Monolith.

When concreting starts, the balances of crypto wallets are displayed and the option to view all your placed orders in the “Active Orders” tab is offered.

If the Concrete button is not on the menu, type /start and click Submit.

Exchange Bitzlato

The trading platform was released in beta test at the beginning of 2019. During the first months, the creators intensively collected feedback, and by the end of the same year there was a relaunch in version 2.0: with an updated interface, expanded trading tools and the listing of more tokens.

In the 1st quarter of 2022, according to the roadmap, it is planned to develop an API and publish documentation for the creators of algorithmic robots. In the 2nd quarter they plan to expand trading plans, update trading tools, and also release a mobile application.

On the Bitzlato exchange as of February 27, 2022, trading was conducted in the following pairs:

Analysis

There are reasons to suspect that the negative reviews about ‎BTC BANKER are true. When using the service, there is a risk of getting your account blocked. Protection from fraudsters, including according to the administration, lies with the clients themselves. In addition to blocking, negativity in comments is often associated with the abundance of scammers.

Typically, reputable exchangers provide their resources with protection without conducting all their activities in Telegram. This may indicate a desire by platform executives to remain anonymous.

No obvious deception on the part of BTS BANKER was detected, but many negative reviews and dubious protection from scammers do not make it possible to include the project in the list of verified ones.

Analogues of Bitzlato

The Bitzlato service has analogues - other P2P exchangers that differ in terms of exchange, number of supported cryptocurrencies and functionality. Below are examples of P2P exchangers that are similar to Bitzlato, but have their own differences.

LocalBitcoins

LocalBitcoins is a Finnish P2P platform for exchanging bitcoins for cryptocurrency or fiat. The exchanger offers 75 currency pairs and most of the payment methods relevant for the CIS. To replenish your wallet and make transactions, you must go through a verification procedure. There are 3 verification levels on LocalBitcoins, which differ in limits on the annual transaction volume. To ensure user safety, the platform has two-factor authentication, escrow service and several encryption systems.

Paxful

Paxful is an American P2P exchanger registered in 2015 in New York. To exchange cryptocurrency, you must go through a verification procedure, which consists of confirming your phone number and documents confirming your identity and residential address. Paxful also allows you to log in via your Binance exchange account. The P2P exchanger has a mobile app called Paxful Wallet, available for Android and iOS smartphones. Paxful supports most of the current payment methods for the CIS: Mir cards, MasterCard, Visa, Qiwi wallets, Yandex.Money and WebMoney.

History of Bitzlato

Since 2013, a group of engineers has been producing mining equipment, hosting client equipment, providing cloud mining services, equipping and launching data centers on an international scale.

In 2016, the founding team released a cryptocurrency wallet with peer-to-peer exchange capabilities. Thanks to the impressive experience of the developers, the product is extremely convenient and protected to the highest technological standards.

Initially it was only compatible with Bitcoin and was known as BTC Banker. A little later, “understudies” appeared, created to reduce the load on the original version, as well as its analogues for other popular cryptocurrencies. Thanks to the expansion of the range of currency pairs, the product was able to quickly reach 2nd place in the ranking of all crypto exchangers in Russia in terms of monthly turnover.

A full-fledged web version of services, previously provided only for mobile devices, entered the market in 2022.

According to statistics at the beginning of 2022, the total volumes of Bitzlato exceeded 36,000 bitcoins, their monthly turnover reaches $10,000,000, and the number of clients exceeded 1 million.