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Cointed – the future of money !

Cointed  – the future of money !

October 30, 2017 7:19 am,


Cointed, an Austrian cryptocurrency conversation created in the Tyrol region, is offering further into space with a diversity of services based on four supports. The firm is expressing into a green energy excavating process, increasing their network of Bitcoin Teller Machines (BTMs) and a bitcoin-based expense result for businesses. With such a varied business contribution, Cointed is directing to drive acceptance amongst both businesses and customers. On top of that, clients will be capable to interchange bitcoin of gold through their website.

It was originated in late 2015 by CEO Christopher Rieder and CFO Wolfgang Thaler. In their main year of commercial, the developing startup attained to win more than 5,000 fulfilled clients with the online portal and become the foremost operator of Bitcoin ATMs, or BTMs, in Austria within the second year. Cointed’s motivation is to become the leading supplier of crypto science and BTMs in Europe.

Cointed’s Four Supports

Cryptocurrency Interchange

The online exchange compromises bitcoin as well as common altcoins as well as ether, ether classic, dash, monero, and zcash for Euros, US Dollars, and British Pounds. Purchase and vend trades have a low fee of 0.3 percent. Consumers can too try demo mode if they are new to the transaction before moving to live transaction. Trading accounts can be subsidized with a diversity of payment approaches such as bitcoin, credit card, Skrill, and PayPal.

Bitcoin ATM’s

The company’s Bitcoin ATM system spans 32 sites where consumers can purchase bitcoin with cash, with most obtainable day and night. Purchasing fees range from 3.5 percent to 4.5 percent, with sites in all foremost Austrian cities, and numerous locations in the capital Vienna at Cafe Saad and Vienna West rail station.

Supportable Mining

As the third part of Cointed’s diverse plan, the company also has an in-house excavating process using ‘green’ energy. Economy energy produced through hydroelectric dams is used as an input for cryptocurrency mining. The business possesses hardware connected in different small hydroelectric power plants spread all over Austria. A superior algorithm distinguishes which currency is most commercial to mine and changes repeatedly, providing a great chance for clients to mine cryptocurrencies.


The fourth pillar of Cointed’s trade is PayCo. The Bitcoin-based expense solution for businesses, creating it stress-free for traders to receive bitcoin. Cointed’s CEO Christopher Rieder says, “By PayCo clients will be capable to pay with bitcoins at the shop or online and the entrepreneur will acquire money on his bank account if he needs it. It is inexpensive and harmless than the communal credit card payments.”

On top of their schemes into the cryptocurrency act, a distinct advantage for their clients should be the opportunity to purchase gold with bitcoins online. Over the following few weeks, Cointed will be increasing their facilities step-by-step, surrounding an inspiring range of services that will no doubt drive bitcoin acceptance even developed in Austria and increase the spread of the developing digital economy.