The global Bitcoin exchange — known to be among the firsts in the industry — has been lately focusing on one specific problem that has hampered the growth of Bitcoin trading in recent times — the inflexibility users face while purchasing the digital currency. According to CEX.IO, a trader always fears of losing out during the choppy market scenarios.
“Bitcoin, as one of the most volatile trading assets, brings enough intraday opportunities for traders to churn out the maximum profits,” stated Jeffrey Smith, Chief Information Officer. “But a sluggish buying experience keeps these speculators from entering the market on a right time. Every second is important when it comes to trading Bitcoin.”
He added: “As one of the oldest running Bitcoin exchanges around, we have always believed in simplifying traders’ experience while depositing funds. We are constantly working with our partners to offer the best conditions for buying digital currency with payment cards.”
CEX.IO has recently announced that it is lowering the fees for payment card deposits in USD and EUR to 3.5% + $0.25/€0.20 respectively. It is the second time in three-months when CEX has scaled down its deposit fees. Prior to that, the exchange had also partnered with payment solution provider AstroPay to enable local currency cash deposits and withdrawals in Latin America.
“Apart from extending payment methods, we are planning to present the long-awaited original CEX.IO mobile app for Android and iOS shortly,” said Helga Danova, Communications Officer. “The app will enable users track up-to-date Bitcoin price and control their trades wherever they are.”
India-based IT professional Yashu Gola found Bitcoin in 2012, when he was trying to send money to one of his friends in the US. As he quotes, it was “love-at-first-sight” with the mystical work of digital currencies. He left his online advertising job to work as a full-time Bitcoin writer for forex news website ForexMinute.com. Apart from covering the minute-to-minute Bitcoin events, Yashu is also an active Bitcoin trader and analyst.When not working, he is found reading and writing movie scripts, poems and songs. He is also a passionate movie buff View all posts by Gola Yashu