All About BTC, LTC, ETH mining as well as other alternative crypto currencies
Some good news for the European users of the CEX.IO Bitcoin cloud mining and trading platform – the introduction of a new payment instrument SEPA (Single Euro Payments Area). After the recent addition of USD and EUR fiat trading the addition of SEPA support for Deposits and Withdraws makes the trading part of the service even more attractive to users from Europe – easier, faster and with lower fees.
SEPA is a European Union regulation that integrates payment systems, which uses common standards, faster settlement and simplified processing. With the new feature available, the users will benefit with a driving down cost: all withdrawals can be processed with a lower fee – €0.4 for SEPA users as opposed to the €5 for a standard international payment. Moreover, the deposits are totally free, so no additional taxes there.
It seems that the Bitcoin cloud mining service CEX.io has been testing FIAT trading in their exchange for a few days already and a limited number of beta testers are able to deposit and withdraw USD. Currently there are GHS/USD, BTC/USD and LTC/USD trading pairs available for everyone (you can trade in USD), so you can not only buy and sell hashrate directly for USD, but also trade with Bitcoin and Litecoin in USD. In order to be able to get early access and participate in the beta test that will allow you to actual deposit and withdraw USD however you will need to send a request for an invitation and get your account verified. There is a list of specific requirements that you need to meet in order to be allowed to beta test the new functionality.
Here is the list of requirements below:
1. Your age is not less than 21 years
2. You have the following documents required for verification:
– Passport or National ID
– Proof of Residency
3. You agree to provide us with scans of your passport or national ID, and agree to present the documents via Skype call as a part of the video verification process.
4. You have a bank account, which allows you to send bank transfers or transfer funds via VISA/MasterCard.
5. You are aware that the minimum funding/withdrawal limit for beta testing is 50 USD.
6. You have a web-camera with resolution not less than 1 MP for live video verification.
7. You have Skype installed.
8. You are proficient in basic English.
9. Your CEX.IO account is older than 3 months.
10. Two-Factor Authentication is enabled on your CEX.IO account.