What is Relai? A Beginner's Guide to the Leading Crypto Exchange
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What is Relai? A Beginner's Guide to the Leading Crypto Exchange
By Akilorex Learn Community Last updated: January 30, 2025 3 Min Read
A versatile Bitcoin-only exchange that blends elements of peer-to-peer and centralized platforms. It caters to European Union nations, allowing users to trade BTC without extensive identification procedures. While categorized as a “soft-KYC” exchange, Relai doesn’t mandate ID verification for daily amounts up to €950. It appeals to Bitcoin enthusiasts for Dollar-Cost Averaging (DCA) due to its low fees.
1. What Are the Advantages of Using Relai?
Headquartered in Switzerland, stands out as a versatile Bitcoin-only exchange. Here are its key advantages:
Soft-KYC Approach
Relai offers a soft-KYC experience, allowing users to trade BTC without extensive identification procedures. You can engage in no-KYC trading for amounts up to 950 EUR daily and 100,000 EUR annually
Low Fees
Relai’s platform boasts low fees, making it ideal for Bitcoin enthusiasts who prefer depositing fiat and subsequently purchasing Bitcoin. Unlike alternatives like Apple Pay or credit/debit cards, Relai’s fees are more favorable.
Dollar-Cost Averaging (DCA)
It particularly appeals to those looking to accumulate Bitcoin over the long term. The simplicity of Relai’s model, available exclusively on iOS and Android apps, allows for efficient updates and ease of use.