Thu, 02 Nov 2017 08:17

Coingi support the USD and EUR!

We have another great news! On Coingi, we have started to support the USD and EUR fiat currency. We are glad to announce this brand new feature of our Cryptocurrency market which will allow you to trade crypto currencies for USD and EUR. Until now our customers have only been enabled to trade in different pairs of currencies. We are delighted to bring this feature to you as we now offer service comparable with other stock market competitors.

For deposits and withdrawals, we are first to support FIO banka, which is under jurisdiction of EU. That means you can take advantage of the service supported by this institution – namely SEPA payments – these allow you to send EUR within the boundaries of EU. Payment of this sort usually takes 1-3 workdays to proceed.

We also support international Wire transfer payment. With this method a client is able to pay in EUR as well as in USD and the process usually takes 2-4 workdays. In order to execute an international payment, however, it is obligatory to fulfill the following requirements: Minimum international deposit amount is 50 USD/EUR, International bank transfer deposits carry 0.05% deposit fee on our side (minimum fee = 7.5 USD/EUR).

We are aiming to expand our partnership among new institutions so we can ensure the steadily improving quality of our service – this way we can provide the best service to those who matter the most – our clients.

With the support of FIAT currencies, we are tied with several rules which we as a Cryptocurrency market, have to obey. Probably the most important one is the Verification of User which is required by AML/CFT policy – this policy is a countermeasure to money laundering and terrorism financing.

If you want to deposit or withdraw FIAT currency you need to verify your account first. After the verification, staff will ask you for an ID card and a document which proves the authenticity of the address that you gave to the company. At the same time, your photograph is required to verify that it is really you on the ID card which you will provide the staff with. More information about the Verification process is to be found after logging-in in the Verification tab.

By no means your photographs will be provided to third-party companies. This is a standard procedure when verifying your identification, which is used by most of the crypto-stock markets.