In a move that’s set to shake up the financial landscape in Panama, Lulubit, a cutting-edge cryptocurrency trading app, has officially launched in the country.

This innovative platform is designed to make buying, selling, and managing cryptocurrencies a breeze, even for those who are new to the world of digital assets.

Use our invite code: #LULULILIBETH3

Breaking Down Barriers to Cryptocurrency Adoption

Lulubit’s arrival in Panama is a game-changer for the country’s growing cryptocurrency community. The app’s user-friendly interface and seamless transfer process make it easy for anyone to get started with cryptocurrencies, regardless of their level of experience.

What Sets Lulubit Apart

So, what makes Lulubit stand out from the crowd? Here are just a few of the app’s key features:

• High withdrawal limit of $5,000 USD per month with just an ID and selfie as their KYC method.
• Easy to Use: With Lulubit, you can start buying and selling cryptocurrencies in just a few taps. The app’s intuitive interface makes it easy to navigate, even for those who are new to the world of digital assets.
• Secure and Reliable: Lulubit’s state-of-the-art security protocols ensure that your assets and personal data are protected at all times.
• 24/7 Availability: The app operates 24 hours a day, 7 days a week, so you can buy and sell cryptocurrencies at any time that suits you.
• Free Education: Lulubit offers a range of free educational resources to help you learn more about cryptocurrencies and how to use the platform.

Receiving USDC from PayPal through Lulubit

As of December 2, 2024, you can now receive USD from your PayPal account in Lulubit in Panama and convert it into USDC easily. To get started, you first need to link your Lulubit Dollar Deposit account with your PayPal account. This can be done by accessing the option “DEPOSIT - DOLLARS IN MY USA ACCOUNT” in Lulubit, where you will find the necessary information.

Once you have the details, head over to PayPal and select “Link a bank account.” If your PayPal account is not registered in the U.S., look for the option that says “If you wish, you can link a U.S. bank account” and provide your Account Number and Routing Number. Make sure that the account type is set to “Checking.”

After linking your account, you can transfer funds from PayPal to Lulubit. Go to the option “TRANSFER FUNDS” and select “TRANSFER TO YOUR BANK ACCOUNT.” There, you should see the Lulubit account you linked. Keep in mind that PayPal may charge fees, and transfer times can vary.

Remember that when receiving USD in Lulubit, a 2% fee will be applied, and the remaining amount will be credited in USDC. For example, if you deposit 10 USD, you will receive 9.80 USDC. Now you can enjoy the convenience of withdrawing your PayPal funds in Panama and Guatemala through Lulubit, with credit times that may take up to 3 business days.

A Bright Future for Cryptocurrencies in Panama

Lulubit’s launch in Panama is just the beginning of an exciting new chapter for the country’s cryptocurrency community. With plans to expand into Guatemala and Central America, and the launch of a cryptocurrency credit card on the horizon, Lulubit is poised to play a major role in shaping the future of finance in the region.

Get Started with Lulubit Today

Ready to join the cryptocurrency revolution in Panama? Download the Lulubit app today and start exploring the world of digital assets. Visit lulubit.app for download options and use our invite code #LULULILIBETH3

Lulubit’s Startup Profile:

Lulubit Funders

Funding Rounds

• Number of Funding Rounds: 2
• Total Funding Amount: Not publicly disclosed
• Latest Funding Round: Pre-Seed round on January 1, 2022

Funding Types

• Funding Types that Raised the Most Money: Not specified, but Pre-Seed rounds were the most recent funding rounds

Investors

• Number of Investors: 3
• Investors:
  • The Ark Fund: A venture capital firm that invests in early-stage companies
  • X4 Company Builders: A venture capital firm that invests in and builds companies in the Latin American region
  • Alliance DAO: A decentralized autonomous organization (DAO) that invests in and supports blockchain and cryptocurrency projects

Lead Investors

• Lead Investors: Not specified

Funding Rounds

Pre-Seed Round (January 1, 2022)

• Number of Investors: 3
• Investors: The Ark Fund, X4 Company Builders, and others
• Funding Amount: Not publicly disclosed

Pre-Seed Round (February 3, 2020)

• Number of Investors: Not specified
• Funding Amount: Not publicly disclosed