Digital Fiat Currency Wallet Provider Neteller Introduces Cryptocurrency Exchange Service

NETELLER, an important digital wallet supplier and part of Paysafe Group have decided to introduce cryptocurrency exchange service by offering its clients the opportunity to instantly buy and sell cryptocurrencies. Neteller is a service functioned by Paysafe Financial Services Ltd. a completely-owned subsidiary of Paysafe Group Ltd. Paysafe Financial Services was established in 1999 to offer an online substitute to traditional payment approaches.

As per Neteller’s website, it plans to expect to add additional currencies in the near future, adding that users can presently exchange from more than 100 payment approaches into cryptocurrency without extra verification. The supported fiat currencies include Australian dollars, Brazilian reals, Canadian dollars, euros, British pounds, Indian rupees, Japanese yen, Mexican pesos, Russian rubles, Swiss francs, U.S. dollars, and Colombian pesos.

Paysafe’s cryptocurrency exchange service for clients of Skrill, a different digital wallet power-driven by the Paysafe Group, which has shown very general. Launching the cryptocurrency service in the NETELLER digital wallet was the expense provider’s natural next step. NETELLER’s new cryptocurrency service is by now live in ten countries it is planning to introduce in more than 50 additional markets over the coming months and to spread the service to its NETELLER mobile app.

According to the news published in Finextra, customers can log in to their account by selecting Crypto’ and then they will be ready to buy and sell cryptocurrencies, through a recognized cryptocurrency exchange.

As per Bitcoin News, the minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account. Every Neteller wallet has a default fiat currency which is chosen at account creation. Each Neteller wallet has a default fiat currency which is chosen at account creation. The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency. The fee rises to 3 percent for wallets with other default currencies.

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