Knaken offers a multi-functional payment platform that allows users to buy, sell, and store cryptocurrencies while facilitating transactions in both crypto and euros through its Settle feature, which operates similarly to traditional payment methods like iDEAL. This service addresses the need for a seamless and efficient payment solution in the growing digital asset market, enabling instant settlements within one second across numerous online retailers.
Funding
Funding not disclosed
Founders
Product
Problem
Existing cryptocurrency platforms often lack the seamless integration needed for everyday transactions, creating a disconnect between digital asset ownership and practical spending. Users are forced to navigate complex processes to convert crypto into traditional currencies for use in retail and online purchases.
Solution
Knaken provides a cryptocurrency platform designed to bridge the gap between digital assets and real-world payments. The platform enables users to buy, sell, and store over 150 cryptocurrencies, while its Settle feature facilitates payments to online retailers in both crypto and euros. Knaken aims to simplify the use of cryptocurrency for everyday transactions, offering a user-friendly interface and fast transaction processing.
Target Audience
The primary target audience includes both experienced cryptocurrency investors and newcomers seeking a user-friendly platform for buying, selling, and spending digital assets.
Features
- Buy, sell, and store over 150 cryptocurrencies
- Settle feature enables payments with crypto at online retailers
- Mobile app available for iOS and Android
- Real-time crypto prices and rates
- Automated purchase and sale scheduling based on price movements
- Customer support via email, phone, and WhatsApp
- DNB registration as a crypto service provider