Relaunched 2023 — pre-insolvency offers void

Bitwala Referral Code

Q: Is the Bitwala €15 bonus still available?

No. That figure dates from the entity that rebranded to Nuri and filed for insolvency in August 2022. The relaunched Bitwala sets its own terms, and promotional offers do not transfer through an insolvency.

Q: Did Bitwala go out of business or not?

Both, in sequence. Bitwala rebranded as Nuri, and Nuri filed insolvency in August 2022 after cutting around 20% of staff and failing to raise money or find a buyer. It wound down and told customers — reported at around 500,000 — to withdraw. In 2023 the service relaunched under the original Bitwala name.

Q: What does Bitwala offer now?

A streamlined service: a crypto wallet, round-the-clock trading, instant bank transfers and a Visa card. Check its current terms directly rather than relying on any figure published before 2023.

Q: How do I know which era a code is from?

By its date. Anything published before August 2022 belongs to the original Bitwala, anything from late 2022 to 2023 to the collapsing Nuri, and only material from 2023 onwards describes the relaunched service. A listing that does not say which side of the insolvency it is describing does not know.

Q: Is a crypto banking service riskier than a normal bank?

It concentrates two risks in one place — the volatility of the assets themselves and the solvency of the intermediary holding them. Nuri's failure demonstrated the second. Its customers were at least given notice and time to withdraw, which several contemporaries did not manage.

Relaunched after insolvency — old bonuses are gone

Bitwala is a Berlin crypto banking service offering a wallet, trading and a Visa card. It rebranded to Nuri, which filed for insolvency in August 2022 and wound down, before relaunching under the Bitwala name in 2023.

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Genie Says

Bitwala rebranded to Nuri, which filed for insolvency in August 2022 and wound down after failing to raise funds or find a buyer. The service relaunched under the Bitwala name in 2023, so the brand trades again — but the €15 signup bonus still listed belongs to the insolvent predecessor and is void.

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Check the current Bitwala offer; pre-insolvency terms did not transferper successful referral*

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How to Use a Bitwala Referral Code

Check which Bitwala the code is for

Anything published before 2023 describes the entity that went insolvent as Nuri. Those terms did not survive.

Use the current service's own terms

The relaunched Bitwala sets its own offers. Historic promotions do not transfer through an insolvency.

Understand what you are joining

A crypto banking service concentrates asset volatility and intermediary solvency risk in one place — which is what the 2022 failure demonstrated.

Reward Details

Your Reward: Set by the relaunched Bitwala service — any figure published before 2023 belongs to the insolvent predecessor and is void
Referrer Reward: Check the current Bitwala offer; pre-insolvency terms did not transfer
Validity: The €15 bonus widely listed dates from the pre-2022 entity and cannot be claimed
Available In: Germany, France, Italy, Spain, Netherlands, Switzerland, Sweden, Norway, Denmark, Finland, Ireland, Belgium, Austria, Portugal, Poland, Cyprus, Greece, Czech Republic, Romania, Hungary
Eligibility: Bitwala relaunched in 2023 with a streamlined wallet, trading, transfer and Visa card service

Why Choose Bitwala?

It went insolvent under a different name

Bitwala rebranded to Nuri; Nuri filed insolvency in August 2022 after failing to raise funds or find a buyer, and wound down.

Then it came back

The service relaunched in 2023 under the original Bitwala name, with a wallet, trading, instant transfers and a Visa card.

Old bonuses did not return

The €15 signup bonus still listed belongs to the pre-insolvency entity. Promotional terms do not survive an insolvency.

About Bitwala

Bitwala has one of the strangest corporate histories of any brand on this site: it changed its name, went insolvent under the new one, shut down, and then came back under the old name. Which of those eras a referral code belongs to decides whether it means anything.

Any Bitwala referral code you find that predates 2023 is void, and the reason is a corporate history unusual enough to be worth setting out properly.

Bitwala, a Berlin-based crypto banking service, rebranded itself as Nuri. In August 2022 Nuri filed for insolvency, having already let go around 20% of its workforce as crypto prices collapsed. It could not raise further funding or find an acquirer, and wound the business down — telling its customer base, reported at around 500,000 people, to withdraw their funds.

That would normally be the end of the page. It is not. In 2023 the service relaunched under its original name, Bitwala, with a streamlined offering: a crypto wallet, round-the-clock trading, instant bank transfers and a Visa card.

So the brand exists and trades. What did not survive is everything attached to the previous entity — including the €15 signup bonus these listings still advertise, which belonged to the pre-insolvency business. A relaunched service sets its own terms, and historic promotional offers do not transfer through an insolvency.

The practical consequence for anyone here for a code: check what the current Bitwala actually offers rather than trusting any figure published before 2023, because everything from that era describes a company that stopped existing. If a listing does not say which side of the insolvency it is describing, it does not know.

The broader point applies to this whole category. Crypto banking services concentrate two risks at once — the volatility of the assets and the solvency of the intermediary holding them. Nuri's customers were given notice and time to withdraw, which is a better outcome than several of its contemporaries managed. It is still not the outcome anyone expects when they sign up for a bonus.