Bottlepay App To Shutdown Services

Bottlepay, a popular consumer application for bitcoin transactions, announced its closure on Monday, July 24, 2023, allowing users to continue withdrawing funds. The company announced that all accounts will be closed and users are asked to withdraw funds in Bitcoin or fiat currency (GBP/EUR) from the Bottlepay app before the closure date.
If the funds are not withdrawn by the deadline, bitcoins will be converted into fiat currency and returned to the specified bank account, while the fiat amount remaining in the account will also be returned to the specified bank account.
In a statement, Bottlepay recommended users to use the app's download feature to save transaction records before the cut-off date. The company noted that Bitcoin transactions can have tax implications, making the information retrieved valuable for future reference.As the submission deadline approaches, Bottlepay can contact users who still have bitcoin or fiat in their accounts via the app or via email. However, the company warns users to be aware of possible scams and never initiate the unsubscribe process outside of the app.
For the next steps, users are advised to download transaction history and close Bottlepay accounts. Within the app, you will find instructions on how to withdraw funds from bitcoin and fiat accounts, as well as how to download transaction history and close accounts.
In a final note, Bottlepay thanked its customers and apologized for any inconvenience caused by the closure.While the company has refrained from making specific recommendations on how to handle bitcoin funds, users have been urged to exercise due diligence when choosing alternative escrow wallets or converting bitcoin to fiat currency. The Financial Conduct Authority (FCA) register provides information on other FCA registered cryptocurrency companies operating in the UK.