21 Main Street has been established to enable individuals and merchants exchange currency with cryptocurrencies and vice versa in a friendly and safe environment.
Our exchange infrastructure is run and maintained by Crypto Next PLC, one of the top names in crypto currency exchange software, registered in the Island of Man, UK.
The bitcoin exchange is fully compliant to international standards and KYC guidelines, regulated by the Isle of Man, United Kingdom. What does this mean?
Proceeds of Crime Act 2008, Schedule 4, Sections 142(17), 143(11), 149(1), 149(1), paragraph (mm). To be found on page 189 here.
What is Bitcoin (BTC)?
Bitcoin is a digital currency created in 2009 by an unknown individual using the alias “Satoshi Nakamoto”. Transactions are made with no intermediary, which means no banks! There are no transaction fees and you do not have to disclose your real identity. More and merchants are beginning to accept BTC internationally.
With Bitcoin you can by goods and services anonymously. International transfers are fast, easy and cheap, due to the fast that BTC are not tied to any country and regulation. The advantage of businesses is that there is no credit card processing fee. Some individuals purchase BTC as investment due to the possibility that they may increase in value over time.
You can exchange money for Bitcoin right here.
You can send Bitcoin to others using mobile apps or your computer.
Bitcoin are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer. You can consider it a virtual bank account that allows you to send or receive BTC, pay for goods or save them for later.
Is trading bitcoins and the usage of 21 Main Street legal?
21 Main Street is a deposit collector for FIAT currency and virtual currency. Trading and having an account with 21 Main Street is legal. It is your personal responsibility to declare any profit, accumulated by trading through us. Our exchange infrastructure is maintained by Crypto Next PLC, Island of Man, UK. The exchange is fully compliant to international standards and KYC guidelines.
Is my information/identity safe when using Bitcoin?
Bitcoin is extremely secure, using a system established upon obscurity and encoding. 21 Main Street will not disclose your information to third parties, only if ordered by a court ruling by government agencies. Since your personal Bitcoins are maintained on your computer, it is imperative that you take additional steps to ensure that your Bitcoin wallet remains protected from users other than yourself.
How do I get started?
Sign up for an account here, its free! Once you have created your account you need to place funds into the account via bank transfer as well as submit your ID and proof of address for our “know your client” process.
What is the turnover time for transactions?
Any transaction carried out with Bitcoin will begin immediately, though it may be up to 24 hours before it is reflected in your 21 Main Street account. 21 Main Street executes all account withdrawals within 1-2 days.
What are the fees involved when using 21 Main Street?
Individual or merchant trading account: 0.5% per transaction (a transaction constitutes either of the following: trading from Fiat currency to digital currency, merchants converting digital currency to fiat currency.) Transferring currencies from one account to the other on the same exchange is for free, as is depositing / withdrawing currencies.
Beneficiary address and bank:
Beneficiary: Crypto Next PLC, Fort Anne, South Quay, Douglas, IM1 5PD, Isle of Man, United Kingdom
Bank: Fidor Bank AG, Sandstraße 33, 80335 München, Germany
Infrastructure and technical maintenance
Crypto Next PLC, Fort Anne, South Quay, Douglas, IM1 5PD, Isle of Man, United Kingdom
Fidor Bank AG, Sandstraße 33, 80335 München, Germany