Frequently Asked Questions

Remflow is a European Bitcoin retailer, aiming to make Bitcoin trading simple and secure. Based in based in London, United Kingdom that complies with anti-money laundering laws (AML). This ensures reliability and sustainability as a quality service provider beyond the infancy years of cryptocurrency. Our aim is to make bitcoin transactions as simple and as seamless as possible.

It is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. All that is required is an internet connection or a mobile phone to carry out a transaction. For more information please visit the Bitcoin Foundation

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

Bitcoin payments are easier to make than debit or credit card purchases, and can be received without a merchant account. Payments are made from a wallet application, either on your computer or smartphone, by entering the recipient's address, the payment amount, and pressing send. To make it easier to enter a recipient's address, many wallets can obtain the address by scanning a QR code or touching two phones together with NFC technology.

The Bitcoin network can already process a much higher number of transactions per second than it does today. It is, however, not entirely ready to scale to the level of major credit card networks. Work is underway to lift current limitations, and future requirements are well known. Since inception, every aspect of the Bitcoin network has been in a continuous process of maturation, optimization, and specialization, and it should be expected to remain that way for some years to come. As traffic grows, more Bitcoin users may use lightweight clients, and full network nodes may become a more specialized service. For more details, see the Scalability page on the Wiki.

Bitcoin transactions are secured by military grade cryptography. Nobody can make a payment on your behalf. Bitcoin gives you control over your money as well as a strong level of protection against many types of fraud.

Just like with email, you don't need to force your family to use the same software or the same service providers. Just let them stick to their own favourites. All Bitcoin Wallets are compatible as they all use the same open technology. The Bitcoin network never sleeps, even on holidays!

Bitcoin allows you to send and receive payments at very low cost. With the exception of micro-payments, there is no enforced fee..

Bitcoin is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, Bitcoin is not anonymous and cannot offer the same level of privacy as cash. The use of Bitcoin leaves extensive public records. Various mechanisms exist to protect users' privacy, and more are in development. However, there is still work to be done before these features are used correctly by most Bitcoin users. Some concerns have been raised that private transactions could be used for illegal purposes with Bitcoin. However, it is worth noting that Bitcoin will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems. Bitcoin cannot be more anonymous than cash and it is not likely to prevent criminal investigations from being conducted. Additionally, Bitcoin is also designed to prevent a large range of financial crimes.

Not yet but will in the near future.

Just register your details on the Remflow website to get started

Remflow offers a very safe service, members of our technical team have has great experience of IT security, that includes building systems for major Investment Banks, Retails and Financial institutions where security is of the highest concern. We want you to know your money is safe with Remflow.

A transaction can take just a few minutes. Very quick, really

If your question is not answered in this FAQ you can email Remflow's support: We will happily answer any question you may have.

Our commission is dynamic and approximately 1-2% on each side. We are doing everything we can in order to keep the commission as low as possible.

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