Introduction
We believe advisors can and will play an important role in their investors' lives when it comes to buying and self-custodying Bitcoin. Once Bitcoin is in an investor's portfolio, advisors will also play a key part in the management of this asset in their clientele's estate.
Assisting your client to self-custody
Please review all of our questions and answers in the wallets and self-custody sections of our knowledge base to assist investors in setting up a wallet to receive Bitcoin.
What are the Advisor fees I can earn and how?
When adding a client, you can confirm what fee that will be earned by you for every order going forward.
The fee can between 0.0% to 3.0%
Your referred investor will receive an email that confirms their details and the fee that they will be charged.
Once the Bitcoin is purchased, the fee is paid in Bitcoin only to your Bitcoin address on record, for every order.
The residual amount is transferred to the investor's Bitcoin address on record.
You and the investor will receive an email when the Bitcoin is on its way, with the transaction IDs, so you can track the Bitcoin to your addresses.
Advisors: Step by Step Guide
| Select ‘Get Started’ at www.bitvice.io |
Select ‘I am a Financial Advisor’
Confirm some details and you will land on your dashboard |
| Confirm your Bitcoin Address |
This is the Bitcoin address where your fees earned in Bitcoin will be sent.
We provide details on how to set up your own wallet here.
Most Bitvice users choose to set up a free mobile wallet such as Blue Wallet on their mobile devices. This is a secure and easy-to-use wallet for beginners to receive and hold their Bitcoin.
Learn more about setting up your Blue Wallet mobile app securely here.
Please beware of fake apps on mobile app stores and we advise you use our links to mobile apps listed on this mobile wallets page.
More advanced users choose to set up and receive their Bitcoin to a hardware wallet. This is more secure but more costly.
Once your wallet is set up and you have a Bitcoin address, you can confirm this on your Bitvice dashboard.
Your Bitcoin address is required before you can complete your registration and be ready to assist other investors to purchase Bitcoin. |
| Confirm your Details |
Please confirm all of your personal and business details for security reasons.
These details are required by law and we ensure to keep this private and secure. It is never shared with any third parties. |
| Upload your FICA Documentation |
Please provide your Proof of Identity and Proof of Address (not older than 3 months) that reflect your confirmed details.
These documents are required by law and we ensure to keep this private and secure. It is never shared with any third parties. |
| Add a Referred Investor |
Once all of these details and documents are submitted and reviewed successfully, you will be able to add a referred investor.
This is very similar to your own signup journey but you will be able to complete all of their details.
Please confirm and upload:
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| Make a Bitcoin purchase order |
Once all of the details and documentation have been submitted and reviewed successfully, you will be able to make a Bitcoin order for the referred investor.
When you make a Bitcoin order, the EFT details for one of our trusted Liquidity/Bitcoin providers will be provided. Once payment is made, please submit the proof of payment on your dashboard, under the investor’s order. An order can only be executed once the proof of payment is submitted.
The order should be completed on the same working day, if the payment is made before 1pm on a working day and is reflected in our partner’s bank account. |
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Receiving the Bitcoin
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Once the Bitcoin order has been completed, we will initiate a transaction to the investor’s confirmed Bitcoin address.
You and the investor will receive an email confirming the Bitcoin is on its way with a URL to the transaction ID.
Once they receive this email, they should see the Bitcoin in your wallet/address within a few hours, dependending on how busy the Bitcoin network is.
As the advisor, you will also receive an email confirming the investor’s Bitcoin is on its way and you should see your fees earned in Bitcoin in your address within the same time-frame. |
| Managing your Bitcoin |
Congrats! You and your referred investor are now self-custodying the scarcest asset in the world.
With great power, comes great responsibility.
Please keep a lookout on our Youtube channel and Blog on content about how to manage your Bitcoin going forward.
If you want to ever sell it in the future, there are numerous options available such as Exchanges, Peer-to-Peer transactions etc. We will strive to keep bringing out educational material to help you manage your Bitcoin going forward.
We also implore you to assist your referred investors in securely managing this asset in their estate as the value of Bitcoin continues its rise over the long-term. |