Bottlepay, a well-liked client app for Bitcoin transactions, has announced its closure on Monday, July 24, 2023, leaving customers with the duty of withdrawing their funds. The corporate said that each one accounts might be closed, and customers are urged to withdraw their funds both as Bitcoin or fiat foreign money (GBP/EUR) from the Bottlepay app earlier than the closure date.
Failure to withdraw funds by the closure date will end in Bitcoin being transformed to fiat foreign money and returned to the nominated checking account, whereas any fiat left within the account might be returned to the nominated checking account as effectively.
In an announcement, Bottlepay suggested customers to make the most of the app’s downloads function to save lots of transaction statements earlier than the closure date. The corporate emphasised that Bitcoin transactions can have tax implications, making the downloaded info useful for future reference. Because the closure date approaches, Bottlepay could contact customers who nonetheless have Bitcoin or fiat foreign money of their accounts, both via the app or by way of e mail. Nevertheless, the corporate cautioned customers to concentrate on potential scams and by no means provoke an offboarding course of exterior of the app.
Concerning the subsequent steps, customers are suggested to obtain their transaction historical past and shut their Bottlepay accounts. Directions on learn how to withdraw funds from Bitcoin and fiat accounts, in addition to learn how to obtain transaction historical past and shut accounts, might be discovered on the app.
In a closing word, Bottlepay expressed gratitude to its prospects and apologized for the inconvenience brought on by the closure. Whereas the corporate shunned making particular suggestions about what to do with Bitcoin funds, customers have been inspired to train due diligence when deciding on various custodial wallets or changing Bitcoin to fiat foreign money. The Monetary Conduct Authority (FCA) register might be consulted for info on different FCA-registered cryptoasset companies working within the UK.
