Neteller allows buying and selling Ethereum Classic (ETC) and other cryptocurrencies
More will be added in the future
E-money transfer service Neteller has recently launched a new cryptocurrency service that will allow its users to buy and sell digital assets with their balance. The announcement was made via its official twitter account.
Ethereum Classic (ETC), along with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC), are the first cryptocurrencies this payment processor is allowing its customers to interact with. “NETELLER customers are now able to exchange their balance in local fiat currency (EUR, USD, etc.) to cryptocurrency, allowing them to hold an interest in a range of cryptocurrencies via their wallet,” said the company.
Per Neteller, users can user their existing accounts to acquire or trade crypto assets. 28 fiat currencies can be used to exchange for any of the five available assets, with the company stating that more will be coming to the platform in the future. 100 payment methods are at their disposal for funding their account including Pay by Mobile, Paysafecard, Epay and local bank deposit.
Exchanges of assets are done instantly, and the balance is reflected within 1 – 2 seconds after the operation is confirmed. Regarding the fees, any transaction to buy or sell cryptocurrencies with EUR or USD will have a fee of 1.50%, and 3.00% for the rest of fiat currencies.
As of right now, ten different countries are enjoying this new service by the platform, and there are plans to roll it out to 50 more in the near future, as well as to integrate it in its mobile app.
Neteller is a payment gateway and digital wallet owned by British financial company Paysafe Group, founded in 1999. The platform is very popular among freelancers, who can use it to get paid on thousands of websites, as well as to pay for products and services worldwide. Along with Skill Group, Neteller is one of the largest online payment systems of Europe, and one of the largest digital wallet providers of the world.
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