Bitcoin exchange CEX.IO will be entering the Russian market in including the BTC/RUB pair among its trading options. This will be implemented in partnership with QIWI, a popular payment system within the CIS. Aside from that, the bitcoin exchange also has a Russian language trading platform ready.
Bitcoin Exchange Enters Russian Market
With that, owners of QIWI wallets can be able to fund their accounts on the bitcoin exchange, trade bitcoin, and withdraw funds in RUB. Deposit commission is 5.5% for QIWI wallets and the withdrawal fee is 1.5%.
At the moment, only the following countries can make deposits via QIWI: Armenia, Azerbajdzjan, Estonia, Georgia, India, Israel, Japan, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldavia, Panama, Russia, South Korea, Tajikistan, Thailand, Turkey, Ukraine, United Kingdom, Uzbekistan, and Vietnam. Other deposit options include the use of credit or debit cards in USD or EUR.
Users can deposit up to RUB 25,000 (equivalent to $400) daily and up to RUB 120,000 ($2,000) monthly with simplified verification. Clients can still opt to increase their limits by completing the identity verification and subjecting to KYC checks by the company.
CEX.IO was established in 2013 as the first cloud mining provider then eventually became a bitcoin exchange trusted by over 300,000 users. It is brought by the team of the largest Bitcoin Mining Pool — GHash.IO, which now counts 60 employees and 40 remote contractors from all over the world.
The company aims to spread knowledge about bitcoin, grow the community and make the cryptocurrency accessible for everyone. Forming a solid network of various cryptoservices, the company targets a wide range of audiences, involving them into the world of bitcoin and creating new possibilities for easy Bitcoin integration to their life and business.
CEX.IO is based in the UK, where the bitcoin community continues to grow. In contrast, Russia has had some friction with bitcoin in the past, as the government previously banned cryptocurrency operations and websites in the country.
With that, owners of QIWI wallets can be able to […]