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The process of buying cryptocurrencies should not be challenging. With the increasing number of people adopting and investing in digital currencies, companies and exchanges are making adjustments to accommodate the new developments. Whether users want to buy Ethereum, Bitcoin, XRP, or any other digital token of their choice, the process should always be simple and straightforward.
Liquid is Joining other Exchanges that Enable Users to Purchase Cryptocurrencies Using Fiat Directly
Nobody likes jumping through hoops. They always go for the exchange that offers the simplest processes. For that reason, Liquid introduced credit and debit card deposits to let their customers add fiat to their accounts and then buy digital assets directly. With the help of Simplex, the company is now offering a fraud-free card-payment processing solution.
Hence, users can get money into their accounts using their MasterCard or Visa card within five minutes. It is now possible for all Liquid customers to acquire cryptocurrency using a credit or debit card. They have started with Euros and in the near future, they will also accept USD and JPY.
The company is also planning to expand this project to provide its users with more options to suit their needs accordingly. The new card deposits will increase flexibility and simultaneously assist users to readily enter the market whenever they need.
The Benefits
Customers can use their funds to diversify portfolios, buy Ethereum with your debit card when the market is perfect, or acquire some bitcoin with a credit card whenever you want. By including credit card deposits, Liquid is now getting closer to introducing cryptocurrency to the masses. The company’s vision is to democratize finance while concurrently assisting as many individuals as possible to get a piece of the crypto market.
Once a client has a Liquid account, they can deposit fiat straight from their cards. After funding the account, users are now ready to explore everything that Liquid has on offer. They can lend their assets and earn interest, participate in token sales, or trade in various cryptos while enjoying margin trade with up to 25X leverage.
Users with Euros in their accounts can immediately buy ETH, XRP, BTC, QASH, QTUM, and RKT. For the USD, users can buy BCH, ETH, XRP, BTC, NEO, QASH, QTUM, ONT, DASH, and RKT. Once users have Ethereum or Bitcoin, they can buy any of the over 100 cryptos available on the Liquid platform.
Transactions
The minimum deposit amount is 50USD per transaction. All Liquid clients who are verified can deposit 20,000 USD in a day and up to 50,000 USD per month. A 5% fee is charged when users deposit from a credit or debit card on top of the amount that the request to send to their Liquid account. Also, the minimum card deposit fee is 10Euros.
For instance, if a client deposits 1,000 EUR to Liquid, they will get 950 EUR in their Liquid wallet. 50 Euros in fees will be taken away. Here is how to deposit funds on Liquid using cards.
OKEx’s Fiat-to-crypto Platform Opens the Trading Services of XRP and Bitcoin Cash
On February 22, 2019, OKEx’s fiat-to-crypto platform opens the trading services of XRP and Bitcoin Cash at 03:00, February 22 (UTC). The fiat trading services of NEO, QTUM, and XUC will be –shut down from 03:00, Feb 25 (UTC).
With all these exchanges bridging between digital and fiat currencies, there is huge potential for the cryptocurrencies to gain mass adoption and enjoy real life use cases.