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Simple Coin is just that–a simple way to buy and sell bitcoin using Euros or other national currencies. The Simple Coin website posts their prices, to both buy and sell bitcoin, and users are guaranteed that price for 4 hours. Users then simply state how much in bitcoin they would like to either sell or receive and send their money via wire transfer–necessary, as many Czech banks will not work with bitcoin and cryptocurrency companies.

The money that they have purchased is then deposited into their own wallet. Simple Coin is considering creating their own token, and beginning November 2017 will allow exchanges in LiteCoin and Bitcoin Cash. They are also hoping to allow Americans the opportunity to use their platform in the future.

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