Matby - what is it?
Matby is a startup that appeared in 2014. Since its launch, the service has attracted many users and gained a certain amount of trust and good reviews in the cryptocurrency environment. The main purpose of Matby is to store and conduct transactions with bitcoins, as stated in the description of the service itself, “since bitcoin is electronic cash, then they need to be stored somewhere.”
There are various ways to store cryptocurrency:
- Software wallets installed on a computer. They are synchronized with the blockchain and allow you to carry out various operations with the user’s coins. For Bitcoin, this is, for example, the official Bitcoin Wallet application and many other programs. Installation requires a PC with Internet access and a certain amount of disk space, since the volume of data in the Bitcoin blockchain is approaching 200 GB - and in order for the wallet to synchronize with the network, you will have to download everything.
- Browser wallets are a subtype of software wallets designed as an extension to the user’s browser.
- Hardware wallets are specially created software and hardware systems (SHC). This is a reliable storage method, although the least convenient. Such a wallet is a hardware device that is connected to a PC to gain access to coins and transactions with them. A typical example of such a product is the Ledger family of wallets.
- Mobile app. This is a device installed on a smartphone that gives the user the ability to send and receive payments in cryptocurrency, exchange it, etc. For security purposes, as a rule, small amounts are stored in this way for current payments and transfers.
- Paper wallets are a sheet of paper with a printout of a QR code containing a private key and a public address. This method is good for those who care about security when storing crypto coins for a long time, since it is the least vulnerable to hacking.
- Online wallets are websites that provide services for storing, buying, selling, exchanging cryptocurrencies, and cryptocurrency transfers. They have a simple and accessible interface, quick registration, and, as a rule, do not require user verification or special knowledge in installing and configuring software.
The Matbi service refers specifically to the latest online wallets. You can store bitcoins in it, exchange and transfer them, buy and sell BTC.
Promotional video of the service from the developers:
Matby wallet
Matbea is a resource created in 2014 that performs the functions of a crypto-wallet and exchange office service. The main users of the Matbi service are clients from Eastern Europe, where it is most popular. Over the 5 years of operation, Matbea has collaborated with 100,000 clients, which indicates trust in it.
At the moment, the wallet supports 4 cryptocurrencies - Bitcoin, Litecoin, Dash and Zcash. Its founder and manager is a citizen of the Russian Federation, Yulia Bakieva, but despite this, the company is registered in the UK. The official website of the exchanger is designed in 2 language interfaces and is located at matbea.com.
Last year, in 2020, the resource team entered into a partnership with Gefarapay, which allowed Matbi clients to transfer funds to accounts in European banks.
Features of the Matbea wallet
The developers claim several key features of their product.
Reliability
To avoid losing files with user funds, the service requires regular backups. Even in the event of an accident or storage media failure, the team promises quick recovery. In addition, the company's servers are positioned as highly secure.
Safety
As you know, cryptocurrency is stolen. Attackers are able to use hardware and software hacking methods and social engineering to “steal” coins from someone else’s account. The Matbi developers claim that in their service the likelihood of such an event is minimized through a number of measures, which will be discussed below.
Ease of use
The site provides quick access to the user's Bitcoin account and easy payment, exchange, transfers, etc.
Matby support
The Matbea wallet support service is ready to promptly resolve the user’s problem.
Favorable tariffs and cost of use
The service has no commissions for exchange transactions with Bitcoin, and the coin exchange rate is maintained at a level that is interesting for users.
Russian-language wallet interface
The site has been fully and efficiently translated into Russian, and domestic users should not have any questions while working with it.
Rates
Matbi works with major banks and payment systems. The service sets a commission for replenishment and withdrawal to a specific system or bank; for a number of them there are also minimum amounts for depositing and withdrawing funds.
Table 1. Matbi tariffs.
| System | Lower replenishment threshold | Deposit fee | Add. commission if the deposit is less than 10 thousand rubles | Minimum withdrawal | Withdrawal fee | Add. commission if less than 10 thousand rubles are withdrawn. |
| Bitcoin | 0.0006 BTC | 0.0006 BTC | No | 0.000055 BTC | 0.0006 BTC | No |
| Alfa Bank | 300 rub. | 2,5% | 200 rub. | 300 rub. | 2,5% | 200 rub. |
| Sberbank (Sberbank-Online system) | 300 rub. | 2,5% | 200 rub. | 300 rub. | 2.5% plus additional Commission of the bank | 200 rub. |
| VTB | 300 rub. | 2,5% | 200 rub. | 300 rub. | 2,5% | 200 rub. |
| Russian Standard Bank | 300 rub. | 2,5% | 200 rub. | 300 rub. | 2,5% | 200 rub. |
| Bank Avangard | No | No | No | 300 rub. | 2,5% | 200 rub. |
| Promsvyazbank | 300 rub. | 2,5% | 200 rub. | 300 rub. | 2,5% | 200 rub. |
| Tinkoff | No | No | No | 300 rub. | 2,5% | 200 rub. |
| Other banks | No | No | No | 300 rub. | 2,5% | 200 rub. |
| Qiwi system | 300 rub. | 5,5% | 150 rub. | No | No | No |
| Visa/MasterCard | No | No | No | 300 rub. | 2,5% | 200 rub. |
| Euroset | 300 rub. | 5,5% | 150 rub. | No | No | No |
| Yandex. Money | 300 rub. | 5,5% | 150 rub. | 300 rub. | 2,5% | No |
| Mobile phone recharge | No | No | No | 300 rub. | 2,5% | 200 rub. |
Matbi is a convenient two-in-one: a crypto wallet and an exchanger. The resource was launched in 2014 and, according to the developers, it has been working without failures all this time. From external sources it is known that Matbea can boast of 100,000 clients.
The wallet was founded and managed by Russian woman Yulia Bakieva. Russian and English are two languages in which you can use the site with British registration.
What cryptocurrencies does Matbi support?
This online wallet can store 4 crypto coins: Bitcoin BTC, Litecoin LTC, Dash DASH, Zcash ZEC. The home page displays real-time quotes.
An option that makes the service stand out is a large selection of ways to deposit and withdraw funds. Here are names such as Sberbank, Alfa-Bank, Qiwi, Tinkoff, Visa, Euroset, etc.
What does Matby look like inside?
Registration is a quick step in Matbea. Enter your mobile phone number and password, click the “Register” button. Let us clarify that the service does not accept Ukrainian numbers.
When your personal account opens, go to “Settings” and go through two-factor authentication. You'll need the Google Authenticator app, which you can download from Google Play or the App Store. Submit the verification code and follow the instructions on the site.
So here's your wallet. On the left side you see accounts - the names of the currencies with which you can top up the valet (4 cryptocurrencies + fiat ruble). Below there is a button “Operations” - here are all the options for which you registered: top up, withdraw, exchange, send and accept.
The Matby online wallet holds private keys and bitcoins in cold storage.
What are the limits and commissions?
There are lower limits for depositing and withdrawing virtual and fiat money. Bitcoin – 0.0001 BTC, Litecoin – 0.02 LTC, Dash – 0.004 DASH, Zcash – 0.01 ZEC. Sberbank-online, Alfa-Bank, VTB24, Promsvyazbank, Russian Standard - 5,000 rubles. The full list is presented on the official website.
If you top up your Matbi account with a smaller amount, you will be fined 300 rubles.
And this is what commissions for input and output look like: Bitcoin – 0.0001 and 0.0005 BTC, respectively, Litecoin – 0.05 and 0.005 LTC, Dash – 0.05 and 0.005 DASH, Zcash – 0.05 and 0.005 ZEC. Sberbank-online, Alfa-Bank, VTB24, Promsvyazbank, Russian Standard and Tinkoff - 0% and 4.5%.
On forums, users complain that these are draconian conditions.
What they write in the news and what reviews there are
The Matbea service is actively promoted in specialized publications. Mostly these are PR articles on the topic of where it is safe to buy Bitcoin.
But back to the forums: the reviews from cryptocurrency holders are polar. Some write that “I like everything,” while others write that “all positive reviews are custom-made.” Among the main reasons for dissatisfaction are fines, high commissions and the length of operations if they are removed from priority (you also have to pay for this).
Procedure for registering a Bitcoin wallet
To register in the service, you must follow the link Matbea.com and click the “Registration” button in the upper right corner:
Figure 1. Start page.
A dialog opens where you should enter your phone number and password:
Figure 2. Start of registration.
After entering the data, a dialog will open where you should enter the confirmation code from SMS and click on “Confirm”:
Figure 3. Confirmation of entered information.
Important: there is a limited time for delivering the code - 120 seconds; if it does not arrive, the operation can be repeated.
If everything went well, the new user will be taken to a page for entering personal data, which must be filled out to start using the site:
Figure 4. Personal account
Important: you must come up with and enter a PIN code that will serve as part of a three-factor protection system.
Figure 5. Pin code.
Figure 6. PIN code confirmation.
The e-mail is confirmed in the same way, and a verification code will also be sent to it.
As an additional security measure, you can go through the voluntary identification procedure by checking the appropriate checkbox in your personal account. The service will ask you to send document data that will identify the user.
When all the information has been entered, the user is prompted to set up additional protection by selecting the method of sending a verification code - via SMS or the Google Authenticator application:
Figure 7. Authentication options.
After registration is completed, the user will have access to the “Operations” menu, where he can top up his account in Matbi, withdraw money, exchange rubles for BTC and back, receive and send cryptocurrency to a system-generated address.
Exchanger Matbi - official website
The online exchanger has been operating on the Russian market since 2014. During this time, it managed to establish itself as a reliable service for working with cryptocurrency. The official website matbea.com is available in two languages: Russian and English. The interface is modern and intuitive, which greatly simplifies working with the wallet.
All exchange operations are carried out around the clock 24/7. Technical support for users is also available. You can always write to her if you have any questions or problems. They will answer you promptly and help you.
You can view current rates on the website. There are commissions for depositing/withdrawing funds to various payment systems and banks. Also, in most directions there are minimum/maximum amounts for deposits and withdrawals.
⚠️ Important! If the transfer amount is below the minimum, a fine of 300 rubles will be withheld.
Registration in Matbea - how to create a Bitcoin wallet?
Registration with Matbi is a prerequisite in order to make exchange transactions and use a Bitcoin wallet. But don’t be afraid, the registration process is even simpler than that of the Payeer payment system . To do this, go to the site, then click in the upper right corner on the “ Login ” button and then “ Registration ”.
After which a registration form will open, in which you will need to indicate a phone number, come up with a password, and check the boxes for consent to data processing and the terms of the user agreement. I recommend that you read the documents, it will definitely not be superfluous.
