This article will review Invity, a cryptocurrency rate comparison site established in the Czech Republic. It was initially designed to assist Trezor users in comparing and performing transactions inside the Trezor suite. However, it is now available to everyone, regardless of whatever wallet they use.
Table of contentsInvity is a Czech Republic-based platform for comparing the rates of cryptocurrencies. It was founded in 2019 by SatoshiLabs, the Trezor hardware wallet creators. Earlier it was built only to help Trezor users to compare and perform transactions within the Trezor suite. However, now Invity is open to everyone irrespective of the wallet you use.
Invity offers a straightforward user interface and is designed keeping in mind the needs of a non-technical trader. Not only that, it eliminates the overhead of searching for a trustworthy exchange platform with lower rates and suitable payment methods. Invity is also a security-conscious platform and is a one-stop-shop for users.
About SatoshiLabs and TrezorSatoshiLabs Group is a group of companies, which are dedicated to providing a secure crypto ecosystem. The first product towards their aim was Trezor hardware wallets. The first model of Trezor, Model One, was introduced in 2013 and the other next-generation Model T after a few years. Their next step was Invity in 2019, whose purpose was to compare and complete crypto transactions for the new users as a part of the Trezor Suite interface.
Please note that there have been rumors that Trezor Android App is available on the play store, but that is not the case. They have tweeted officially that they have not launched any application, although they will surely do it in the future.
How to use Invity to Buy Cryptos on Invity?Please note that the procedure for selling and exchanging cryptocurrencies is similar to that given above.
What is Coinmap?Invity has launched a nonprofit project Coinmap. This project solely focuses on collecting lists of businesses and Bitcoin ATMs where users can spend their assets. According to current stats, it has around 20,000 entries and is still growing. You can browse the heatmap to detect businesses around you. Plus, you can also add a new listing there for free.
Coinmap by Invity Invity Fee Structure ReviewThe fee structure of Invity is divided on the transaction that the user is doing, including buying, selling, exchanging, or spending.
Buy Crypto FeesThe fees highly depend on the provider. Also, for the same provider, the cost still differs based on the payment method, currency, or location. Please note that accepting an offer like quotes in your local currencies instead of a significant reserve currency may seem beneficial, but always double-check. There are chances that you might be charged additional conversion fees.
Invity review: buy crypto fees Sell Crypto FeesTill now, there’s only one provider where a user can sell their crypto. The fee for that particular provider (BTC direct) is 2.5% of the order.
Invity review: Sell Crypto Fees Invity Review: Comparison with Other ServicesThere are five providers for users to exchange their coins, including ChangeHero, Changelly, ChangeNow, CoinSwitch, and FoxExchange. The fee for these providers is the same as 0.5% of the order.
Invity review: Comparison with other providers Spend CryptoUnder this, users can exchange their cryptos with a gift card to buy the things they want. Bitrefill is the only current provider available with a (3-4) % rate per order. However, this feature is only available in Trezor Suite. Most probably, Invity is going to add this new feature in their next update or release.
Invity Review: SupportInvity platform has a dedicated FAQ section, which answers almost every query that a user can have. Besides that, you can also post your questions, queries, or comments too. However, there are no services available for emergencies or calling options. So, overall their support system is quite mediocre.
Invity.io Review: Safety and PrivacyInvity does not have any registration or KYC process, which means that this platform does not save users’ details like name, email, etc. Neither it has its own wallet, so it can not even store or keep users’ assets. So, there’s no issue of safety and privacy when it comes to Invity. However, according to them, they keep data like the user’s device id, how many times they visit their site, etc. For detailed info, you can visit their “FAQ” section.
Invity.io Review: Pros and cons Invity.io Review: ConclusionOverall, Invity.io is one of the most secure platforms to complete your transactions, including buying, selling, and trading. In addition, the platform is itself quite elegant and straightforward to use. Users no longer have to wait for their verifications before doing their transactions, and that too limitless. In the coming future, it will be introducing some enticing features like investing and thus will be moving one step ahead towards its goal.
Frequently Asked Questions Which cryptocurrencies are available on Invity?Currently, Invity supports Bitcoin; Altcoins including Litecoin, Ripple, Ether, Bitcoin Cash, Stellar, onG.social, Binance Coin, Ontology, Gemini Dollar, Dash, TRON, and Zcash. They also have a stablecoin, including Tether (USDT).
Which countries are not allowed to use Invity.io?Invity does not support some of the countries due to valid reasons including, Hawaii (USA), Iran, New York (USA), and North Korea (DPRK).
What are the payment methods that are available on this platform?Users from all countries and regions except the restricted ones can use either a Credit card (Visa/Mastercard) or debit card (Visa/Mastercard) as a payment method.
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