Fiat Neteller Wallet Launches Bitcoin Exchange Service
Neteller, the digital fiat currency wallet provider has begun to allow users to buy, sell and hold on to digital currencies including Bitcoin Cash, Ethereum, Litecoin and Bitcoin. The service is already up and running in 10 countries and the company is aiming to roll out their service to over 50 more markets.
The Neteller service operates by Paysafe Financial Services Ltd. Founded in the late 90s, Paysafe was created in order to provide an online alternative to more traditional payment methods. Last week, The group revealed that Neteller has launched an in-wallet buy and sell cryptocurrency feature and went on to say:
âAs of today, Neteller users can buy, hold and sell cryptocurrencies via a recognised cryptocurrency exchange including Bitcoin, Bitcoin Cash, Ethereum, Ethereum classic and Litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.â
The Neteller website expects to add more currencies in the future according to their website in addition, to users being able to currently exchange from over 100 payment methods into digital currency without additional verification. Some of the fiat currencies that are supported include Australian dollars, Canadian dollars, Euros, British sterling, Japanese yen, Brazilian reals, Swiss francs, US dollars and so on.
According to its website, some of the methods for funding a Neteller account include Pay by Mobile, Epay, local bank deposits, Bitcoin and a Paysafecard. Funds can also be uploaded through a number of banks online such as HSBC, ItaÃº, Nordea and Banco do Brasil.
According to Bitcoin.com, the firm went on to say:
âOur rates are very competitive by comparison to the average market rates on the major cryptocurrency exchanges. Netellerâs new cryptocurrency service is already live in ten countries with plans to roll it out to more than 50 additional markets over the coming weeks and months and to extend the service to its Neteller mobile app.â
The minimum you can purchase of crypto is equal to around 10 EUR according to the company, they added that the maximum amount depends on the limits of the transactions associated with each account.
Neteller wallets have a default fiat currency which can be decided at the creation of the account. For buying and selling digital currencies from wallets with USD or EUR there is a fee of 1.5%. This fee goes up by 3% for wallets with other default currencies.
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