Over the past year my team and I have been tirelessly working to build a Bitcoin onramp built by Bitcoiners, for Bitcoiners. Today, I'm excited to introduce River Financial: the best place to buy, sell, and use Bitcoin for the long term investor.

Hey /r/bitcoin! I'm Alex Leishman, a longtime Bitcoiner and member of this sub.

Today I'm very proud to announce the launch of River Financial (river.com), a financial institution built specifically for long-term Bitcoin investors.

TL;DR At River.com you can:

• Connect your U.S. bank account and buy Bitcoin at a competitive price with USD
• Setup recurring Bitcoin purchases with discounted fees
• Send and receive Bitcoin onchain or via the Lightning Network
• See detailed investment performance metrics and select specific tax lots when selling (coming soon)
• Easily access human support (phone, chat, email)

Background

Like many of you, I became quite frustrated over the last few years as I watched many once-respected companies in the space (e.g. Coinbase) turn their backs on Bitcoin and become casinos for altcoin trading. So, I decided to compete with them and build the company that Bitcoin deserves.

At River.com we deeply believe that Bitcoin (and Bitcoin alone) will continue to grow in its role as a globally recognized currency and store of value, and will eventually sit alongside or challenge today’s government-backed fiat currencies. We're building a financial institution around this hypothesis.

We have built our technical infrastructure from the ground up. All core applications run on our own servers sitting in a 2,000lb vault only we have access to (not your servers, not your company). And, of course, the vast majority of funds are held in a multisig PSBT-based cold storage system. By focusing exclusively on Bitcoin, we can provide access to the latest features Bitcoin has to offer. We already support the Lightning Network and will be ready to go with Schnorr support if/when the taproot soft fork is accepted by the network!

If you'd like to read more about River Financial and who we are, check out our blog post here.

We are based in San Francisco, and growing quickly. We are currently still in invite-only mode as we scale up. If you are eager to get access, sign up here river.com/request and DM me. I'll see what I can do ;)

Feel free to ask any questions below!

FAQ

How are you better than Coinbase?

• Discounted recurring purchases
• Lightning Network Support
• Proper accounting and financial reporting tools (easily see your unrealized gains and losses)
• Human support
• And lots more to come

What states do you currently support?

• California
• Maryland
• Massachusetts
• Montana
• Pennsylvania
• Texas
• Wisconsin
• Wyoming

With many more coming early next year.

Will you support other cryptocurrencies?

No.

Submitted December 16, 2019 at 09:55PM by alex_leishman https://ift.tt/38JOOQJ