House Of Nakamoto Opens New Store In Amsterdam

The House of Nakamoto, which has been described by itself as a “retail store for bitcoins and the world of blockchain”, opened their first and main store in a busy shopping area in the popular European tourist destination of Vienna. The masterminds behind the project proclaim that this platform can be used not only as a store but as a space for the experts and enthusiasts of the industry to meet up and exchange views, ideas and knowledge.

This Austrian project, which is helping beginners enter the world of cryptocurrency has recently opened up a second store in Amsterdam, which as a country has one of the most developed cryptocurrency frameworks in the entire Benelux region. Among all the Dutch and Belgian cities, Amsterdam reportedly has the most number of functional bitcoin ATMs, with 12 machines, supporting a wide array of the available digital coins.

The Amsterdam branch of the House of Nakamoto serves a lot of functions at the same time. On one hand, it is a retail store for crypto-related products while on the other it also serves as an information centre. It also boasts of an improvised Bitcoin museum. Qualified consultants are also present inside the store, who both teach people the basics of cryptocurrency as well as provide advice if required.

The store offers a starter kit, which includes a comprehensive guidebook to understanding Bitcoins, a hardware wallet from Ledger, and a bitcoin gift card with digital cash worth 15 euros. The company also sells “bitcoin securities” which are basically rip-offs of paper wallets, with a bitcoin address and the corresponding private key.

Offices in both Vienna and Amsterdam are equipped with cryptocurrency teller machines. The one in Vienna is a buy-only device which supports bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), dash (DASH), and litecoin (LTC) with a daily limit of 15,000 euros, 5,000 per transaction while the one on Amsterdam is a two-way device that offers purchases and sales of the same cryptocurrencies and with the same limits.

Rishma Banerjee

Rishma is currently pursuing a bachelor’s degree in International Relations and has a special place in her life for sifting through all sorts of random trivia, thank you very much.