luty.io is a fiat to Bitcoin on-ramp with low fees, frictionless purchasing experience and no KYC for transactions below 1000EUR*


Why Use luty.io ?

• High KYC Thresholds – Buy upto 1000EUR per day without KYC*
• Very Low Fees – 3.5%
• We Use Stripe As A Merchant Account Provider – PCI compliant - we never store your card details.
• Withdraw To “Hosted” and “Non-Hosted” Wallets
• Strong Customer Service - Telegram chat agents available 24/7
• No-Sign Up
• All customer login records, name and addresses are destroyed after 120 days. Although card details may be held for longer by Stripe
• Bitcoin Only – Forever!

*see below for more details on this policy


How Can You Offer Fiat to BTC On-Ramps With No KYC?
For transactions above 1000EUR we will ask for the full gambit of KYC documentation. However, for transactions below 1000EUR, our default position is that KYC is unnecessary if your transaction has not been flagged. Current merchant accounts and third-party apps are so successful in identifying carding fraud that KYC and AML procedures are no longer needed to stop fraudulent transactions. On a practical basis,  KYC/AML checks are more or less an extra layer of paternalistic gatekeeping.  Plus, the refund liability has shifted from the merchant to the bank with the advent of 3D Secure Version 1.

However, we are currently building out an AI application that will additionally screen all transactions for fraud. With a particular emphasis on cases of “friendly fraud”, which the merchant account fraud engines can struggle to identify. This is still in development; as such, all transactions will be manually reviewed during ( Berlin CEST ) office hours. I know that this can sometimes be a pain, but we are working 24/7 to build this AI application. Once completed, all transactions will be instantly settled with minimal human interaction. We are keen on keeping our merchant account and reducing chargeback fraud instances to near zero. As a non-KYC on-ramp for amounts below 1000EUR, our service is highly attractive to carders wishing to cash out stolen EUR BIN’s. We know that we will be a target for carders and as such need to progress slowly, keeping our merchant account relationships intact.
These points mentioned above only apply to card issuers and merchants in the EU and UK. During our Beta trial we will only be processing card payments from EU card issuers, from customers based in the EU and only in EUR currency.



Minimum EUR Amount?
If you want to test our service you can use smaller amounts. The minimum transactional amount is 1 EUR

When Are You Implementing Lightning?
Very soon - after we finish our internal AI fraud app

How Is The Bitcoin Price Calculated?
The Bitcoin rate is calculated dynamically using publicly available market data, primarily from the crypto compare ( www.cryptocompare.com ) pricing API - it should be a very tight spread.

But I love stringent KYC policies and making funny/cutie videos during the onboarding process
Cool – then our service is not for you.



We have been involved in Bitcoin for so long and have developed a very thick skin so please hit us up with any questions, concerns, or criticisms.  We will try to provide as much information as possible. Our team works within the card processing industry, and many have been around Bitcoin since 2013. We are not planning to become overnight millionaires from luty.io but rather try to give something back and offer a service to Bitcoiners sick of KYC/AML

www.luty.io



Luty.io is in BETA





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