First Dedicated ‘Bitcoin Bank’ Opens In Vienna, Austria

The first self-titled ‘Bitcoin Bank’ has opened in Vienna, Austria. Run and managed by a local startup Bit Trust, the bank allows customers to buy and sell bitcoins using Bitcoin ATMs, and get more information about cryptocurrency.

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First Dedicated ‘Bitcoin Bank’ Opens In Vienna, Austria

Disclaimer - the original article described the shop as a 'Bitcoin Bank' in line with several other news sources. After receiving feedback from Bit Trust, the article has been corrected as the shop is not intended to serve the purposes of a bank.

What is likely the world’s first dedicated Bitcoin bank has opened in the heart of the Austrian capital Vienna.

Named simply ‘Bitcoin-Bank,’ the dedicated physical outlet is owned and managed by a local Blockchain startup Bit Trust.

It is designed to make buying and selling Bitcoin easier and safer than other in-person options such as Localbitcoins meetings.

“It’s just much quicker this way and involves zero middlemen,” Bit Trust manager Magdalena Isbrandt told local news network ORF. “Value and money can be sent straight from user to user.”

As well as Bitcoin ATMs, customers can also get information about Bitcoin. The Bitcoin Bank is located at 49 Mariahilfer Strasse in the center of the city.

Bit Trust is a German Blockchain startup founded in 2014. Headquartered in Berlin, it focuses on payments systems, investments and consulting services.

Have you used the Bitcoin Bank? Let us know your thoughts in the comments section below.