Business 22 October 2018

Dennis Wafula

Trade Bitcoin BCH instantly with fiat wallet provider Neteller

Neteller has made its move into cryptocurrency. The digital fiat wallet provider announced that its customers can now buy, hold and sell cryptocurrencies like Bitcoin Cash (BCH) via a recognized crypto exchange.

Users of the Neteller wallet can use any of the 28 fiat currencies supported by the platform to buy cryptocurrencies. Aside from Bitcoin BCH, Neteller also supports BTC, ETH, ETC, and LTC.

The crypto service is already available in 10 countries, with “plans to roll it out to more than 50 additional markets,” according to the company.

Crypto trading on the Neteller platform is simple: users only need to log into their account, select the crypto option, and buy any cryptocurrency they want.

On its website, Neteller said it plans to add more currencies in the coming months. According to the wallet provider, users can exchange from more than 100 payment methods into cryptocurrencies without additional verification. The minimum cryptocurrency purchase on the platform is set at about €10, while the maximum amount limit depends on transaction limits associated with each account. Each account on the Neteller platform has a default fiat currency which is chosen when creating the account. The fee is usually 1.5% for purchasing and selling cryptocurrencies from wallets with USD and EUR as the default currency.

The Neteller platform supports the following fiat currencies: Japanese yen, Mexican peso, British pound, Australian dollar, Brazilian real, Russian ruble, Canadian dollar, Colombian peso, Euro, Indian rupee, Swiss franc, and U.S. dollar.

“As cryptocurrencies are increasingly embraced by businesses and consumers alike, this is an industry where we continue to strengthen our presence. As digital finance leaders, we believe we can play a significant role here and create value for both the industry and consumers. Connecting the dots between cryptocurrencies and traditional money in an efficient and user-friendly way is needed for cryptocurrencies to gain real traction amongst consumers,” Lorenzo Pellegrino, CEO Skrill, NETELLER and Income Access, said in a statement.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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