#dukascopy deposit

[fxasker-blog]

Can I open more than one account with UnitedOptions?

Can I open more than one account with UnitedOptions? Read More http://fxasker.com/question/4cb1e5a6632b0c39/ FXAsker

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Global Cryptocurrency Services Market Surveying Report Examines Circumstances in Significant Segments 2022

Businesses that offer cryptocurrency services allow customers to trade, buy, and sell cryptocurrencies. These services usually have an online presence, but may also have physical locations. Customers can usually purchase cryptocurrency using fiat currency such as US dollars. Customers can also use cryptocurrency to pay for goods or services at some businesses.

Global Cryptocurrency Services Market Statistical surveying Report examines circumstances in significant segments of the market. This Cryptocurrency Services report decides how an organization's procurement uses, business procedures, market strategies and sales systems, practices, and business sections are set to change in the period 2022 to 2029.

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The Worldwide Cryptocurrency Services Market 2022 report presents overall industry information to the main administration, entrants, leaders, and merchants of correct knowledge significant in assessing the general economic situation. The Cryptocurrency Services report contains strategic information on organizational detail that incorporates restrictions, openings, driving variables, primary difficulties, and trends. The report conveys a precise analysis of the Cryptocurrency Services market volume, prime fragments, sales revenue, share of the overall industry, and spreads driving regional locales, anticipating the future patterns Cryptocurrency Services industry over the forecast to 2029. The Overall Cryptocurrency Services industry report likewise covers the prevailing Cryptocurrency Services players and prospective trends.

The extent of the report

The report exhibits the Cryptocurrency Services market fundamentals: Market Diagram, definitions, groupings, sections by type Classification, applications, industry chain outline, and players. Fundamental Driving players in the market are: Oodles Technologies Kaiserex QUOINE Prolitus Dukascopy Bank SA

Type Analysis

Exchange Service Broking Service ICOs and Financial Services

Application Analysis

Individual Professionals

Regional Analysis

United States

Europe (Germany, UK, France, Italy, Spain, Russia, Poland)

China

Japan

India

Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)

Latin America (Brazil, Mexico, Colombia)

Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Other Regions

Purchase Entire Cryptocurrency Services Market Report Here (To get Quick access): https://market.biz/checkout/?reportId=1024903&type=Single%20User

Typically, fees are charged by cryptocurrency services for transactions. These fees can be flat rates or percentages of transaction amounts. Before using a service, customers should be aware of the fees.

Many cryptocurrency services offer wallets to store customers' cryptocurrencies. These wallets can be either software- or hardware-based. Although software-based wallets can be free to use, they may not be as secure and reliable as hardware-based wallets. Hardware-based wallets are usually more expensive but provide greater security.

How do cryptocurrency exchanges work?

A cryptocurrency exchange allows traders to buy and sell cryptocurrencies through a digital marketplace. It can be used for fiat currencies as well as altcoins. A crypto exchange could be a broker or an exchange platform. It can also serve as a marketplace.

The online platform for trading digital assets is cryptocurrency exchanges. Binance, Coinbase and Kraken are some of the most popular exchanges. You will need to open an account and deposit funds in order to get started with an exchange. After that, you are ready to trade cryptocurrencies.

The order matching mechanism of cryptocurrency exchanges works by matching buyers and sellers to their platform. A buyer can place an order to purchase an asset on the exchange. The exchange will then search for a seller willing to sell the asset at a price specified by the buyer.

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New Post has been published on http://cryptonewsuniverse.com/swiss-bank-dukascopy-unveils-reward-programs-for-duk-crypto-holders/

Swiss Bank Dukascopy Unveils Reward Programs for DUK Crypto Holders

Swiss Bank Dukascopy Unveils Reward Programs for DUK+ Crypto Holders

                             Bitcoin Press Release: Swiss-based foreign exchange bank,

Dukascopy Bank launches a reward program as an incentive to both new and existing Mobile Current Account users on its messenger app.

25 July 2019, Geneva, Switzerland – Dukascopy Bank SA, an online Swiss FOREX banking service provider which created the cryptocurrency Dukascoin (DUK+), a first of its kind to be offered by a strictly regulated Swiss Bank under the supervision of the Swiss financial markets regulator FINMA. Dukascopy announced the launch of its reward program, which aims to provide its mobile current account (MCA) users around the globe with an opportunity to earn rewards through referral activities and deposits in its native cryptocurrency.

Reward Program Details

New mobile current account users receive 5 Dukacoins when they sign up on the mobile app, and the signup process is free of charge. Other reward opportunities currently offered by the bank to its MCA clients include:

Referral program for existing clients: Apart from the 5 Dukacoins being offered upon MCA account creation, both new and existing users can get more DUK+ coins by referring others to the platform. For each new user signing up under an existing user, the former receives 5 extra DUK+ coins. Moreover, if an existing user holds the airdropped 5 DUK+ coins from the referral activity over a 30-day period, they are rewarded with extra DUK+ coins. (T&C applies)

EUR Reward Paid for Deposits in Dukascoins: The Bank pays 50 euro cents for each Dukascoin deposited for a 1 year term.The EUR Reward will be paid at the beginning of the deposit’s term and will be blocked until the term’s expiration.  (T&C applies)

 For example, If a user buys 5000 DUK at the rate of 1.07EUR, and at the end of the deposit term the price rises to 1.50EUR, they receive both the benefit from the risen price (2150EUR) AND 2500EUR on top from Dukascopy (0.50EUR for every coin deposited)  If the price stays the same, users will still receive 2500EUR from Dukascopy on top of their deposit. Even if the price falls to 0.60EUR, users are still in profit by 150EUR.

Coin Reward Paid on Deposits in Dukascoins: The Bank offers a 5% annual coin reward rate for fixed-term deposits paid out in DUK+ coin. The reward is paid at the beginning of the contract and locked for the duration of the contract. During the first year of the Dukascoin’s lifespan the reward rate will depend on the size of the deposit and can reach up to 100% (T&C applies). More so, the deposits can as well be used as margin for clients with trading accounts.

Dukascoin Fat Catz Reward Program: The Bank collects commission from all sellers of Dukascoins at the internal marketplace. The collected amount of commission is then distributed among the Fat Catz – clients who’s monthly average balance is equal to or larger than 10 000 Dukascoins. In June, for instance, 1365 EUR was distributed between 4 Fat Catz accounts (T&C applies)

About Dukascoin

Dukascoin is the first cryptocurrency issued by a strictly regulated Swiss bank and developed on the Ethereum blockchain. The platform ensures compliance to the highest regulatory standards of the Swiss banking industry for operations on the cryptocurrency market. 

Following the launch of the cryptocurrency in February, Dukascoin, which is designed as both a payment and speculative utility, opened up a new financial avenue for cryptocurrency enthusiasts to access the bank’s trading services as well as to seize the opportunity to gain extra income just by holding the DUK+ coin under a regulated system impervious to the limitations of legacy cryptocurrency markets.

The current reward program is exclusive to its MCA account holders across the globe. The MCA account is a new service offered by the bank to provide its global retail clientele with fast, cheap, secure, mobile and extremely user-friendly Swiss banking services embedded into its Dukascopy Connect 911 messenger app. The bank has opened well over 109,153 MCA accounts since its launch in 2018. 

About Dukascopy Bank

Dukascopy Bank is a Swiss innovative online bank based in Geneva, Switzerland, providing Internet-based and mobile trading services (with focus on foreign exchange, bullion, CFD and binaries), banking and other financial services through proprietary technological solutions. Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer. Dukascopy Bank has offices in Dubai, Riga, Kiev, Moscow, Kuala Lumpur, and Hong Kong. Currently, Dukascopy Group employs over 300 staff.

Article Produced By Bitcoin Press Release

https://bitcoinprbuzz.com/swiss-bank-dukascopy-unveils-reward-programs/

[bowsetter]

Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

Cryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with BTC as well as withdraw funds in the cryptocurrency. Deposited coins are converted to USD. Withdrawals are converted to BTC and transferred to the crypto wallets linked to client accounts.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

The Partnership

Bitstamp announced on Friday that it has “partnered with Dukascopy Bank, one of the leading Swiss online banks, to enable crypto funding on their platform.” The exchange elaborated:

Dukascopy’s clients can now send bitcoins to their accounts and the crypto will be converted to US dollars, which they can use to trade on the Swiss FX Marketplace. Clients can also withdraw funds back to their cryptocurrency wallets in the form of bitcoins.

Geneva-based Dukascopy Bank offers currency and precious metal (forex) trading to retail and institutional clients. Its website explains that the funding and withdrawals of BTC are offered through “crypto-fundable trading accounts,” adding that BTC is currently the only cryptocurrency supported.

The bank explained that any BTC sent by clients to it will always be converted to USD. Bitstamp is responsible for exchanging fiat funds to BTC and back for the bank. “The proceeds of the BTC/USD conversion are credited in USD to the crypto-fundable client account,” the bank described, adding:

In case of withdrawal, the bank debits an amount of USD from the crypto-fundable client account, converts such amount into BTC at a current rate and transfers the bitcoins to the client wallet linked to his account.

“This partnership represents another step towards our goal of bridging the gap between crypto and traditional finance,” Bitstamp wrote. “It is further proof that our efforts in compliance and regulation continue to deliver results at a time of rapid maturation for the cryptocurrency industry.”

Dukascopy Bank’s Crypto CFD Offerings

This is not Dukascopy Bank’s first foray into the crypto space. It already provides contract for difference (CFD) “trading on price movements of cryptocurrencies, its derivatives or value estimations,” according to its website. Currently, only CFDs on BTC and ETH are available, both with a 33 percent margin requirement and a leverage ratio of 1:3.

Dukascopy Bank’s website further details that customers with opened CFD positions do not own the underlying assets and the “price of cryptocurrency CFD varies significantly across different cryptocurrency exchanges.” The bank also noted that its CFD “prices on cryptocurrencies are unique and based on its ability to hedge Dukascopy positions with external counterparties.”

What do you think of the partnership between Dukascopy Bank and Bitstamp? Let us know in the comments section below.

Images courtesy of Shutterstock, Bitstamp, and Dukascopy Bank.

Need to calculate your bitcoin holdings? Check our tools section.

The post Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals appeared first on Bitcoin News.

READ MORE http://bit.ly/2DzXSdu

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How Is A Currency Pair Read With saxobank?

How Is A Currency Pair Read With saxobank? Read More http://fxasker.com/question/6d299e646b541764/ FXAsker

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Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons]

Dukascopy is a Forex and CFD brokerage based in Geneva Switzerland. The broker also has a large banking group that it represents, meaning that you can have your bank account as well as your trading account all in one place. That being said, we will focus on the trading part obviously.

Trading accounts

Dukascopy offers only one type of live account but does of course offer a demo account option. At this point, you are either trading with real money or not. There is a huge amount of advantages which we will go through in trading live here, and the account gives you access to not only the Forex but also the CFD markets that Dukascopy offers. You do have the option of trading with a couple of different platforms.

Dukascopy company overview

Dukascopy is a fully regulated Swiss Bank, offering protection up to 100,000 CHF for each client’s account. The trading aspect of the company focuses on active traders, professionals, services banks and hedge funds, and gives you protection in all markets. It is also a publicly traded company, with the shareholder capital reaching 22 billion CHF. Dukascopy has long been one of the true leaders in the ECN arena.

Trading conditions

Initial deposit

The initial deposit at Dukascopy is US$1000, but quite frankly this is a much more professional brokerage than most people deal with on a regular basis. However, with the massive amount of tools and extras available with the company, $1000 should not be a major hurdle.

Spreads and conditions

Dukascopy offers multiple markets to trade, including Forex, Indices, and Crypto. The spreads are extraordinarily tight, such as 0.1 pips on the AUD/USD pair, the 0.3 pips on the EUR/JPY pair, and 0.9 on the XAU/USD pair. Keep in mind that there are also commissions charged, so that will have to be factored as well. However, the commissions are minimal at best.

Leverage

Leverage at Dukascopy goes as high as 1:200, at least in the major and minor currency pairs. Commodity markets are 1:100, while individual equities are 1:10. Cryptocurrencies have leverage up to 1:3, giving you plenty of leverage and various markets.

Trading platforms

Dukascopy uses the well-known MetaTrader ecosystem, using version 4. They also offer Java based platforms, JTrader, iOS, Android, and Web Based platforms for all markets. The broker also offers automated trading through the JTrader platform.

Payment methods

Dukascopy allows features only two ways to fund the account, either credit card or bank wire. This is probably the one area that this broker could improve, but wires are fast as it is an actual bank.

Extras

Dukascopy offers a massive amount of information for traders. Research is thorough, news is released quickly, through their own television station. They have plenty of analysis and fundamental information as well. The trading ideas are robust and precise, just as they offer many other potential benefits such as a sentiment index.

Dukascopy is possibly one of the most complete brokerages in the world. It’s very professional, and unlike many other brokerage firms, you would find it impossible to outgrow the offerings.

The post Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] appeared first on The Diary of a Trader.

Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] posted first on http://thediaryofatrader.com/

[aubreytownsend]

Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons]

Dukascopy is a Forex and CFD brokerage based in Geneva Switzerland. The broker also has a large banking group that it represents, meaning that you can have your bank account as well as your trading account all in one place. That being said, we will focus on the trading part obviously.

Trading accounts

Dukascopy offers only one type of live account but does of course offer a demo account option. At this point, you are either trading with real money or not. There is a huge amount of advantages which we will go through in trading live here, and the account gives you access to not only the Forex but also the CFD markets that Dukascopy offers. You do have the option of trading with a couple of different platforms.

Dukascopy company overview

Dukascopy is a fully regulated Swiss Bank, offering protection up to 100,000 CHF for each client’s account. The trading aspect of the company focuses on active traders, professionals, services banks and hedge funds, and gives you protection in all markets. It is also a publicly traded company, with the shareholder capital reaching 22 billion CHF. Dukascopy has long been one of the true leaders in the ECN arena.

Trading conditions

Initial deposit

The initial deposit at Dukascopy is US$1000, but quite frankly this is a much more professional brokerage than most people deal with on a regular basis. However, with the massive amount of tools and extras available with the company, $1000 should not be a major hurdle.

Spreads and conditions

Dukascopy offers multiple markets to trade, including Forex, Indices, and Crypto. The spreads are extraordinarily tight, such as 0.1 pips on the AUD/USD pair, the 0.3 pips on the EUR/JPY pair, and 0.9 on the XAU/USD pair. Keep in mind that there are also commissions charged, so that will have to be factored as well. However, the commissions are minimal at best.

Leverage

Leverage at Dukascopy goes as high as 1:200, at least in the major and minor currency pairs. Commodity markets are 1:100, while individual equities are 1:10. Cryptocurrencies have leverage up to 1:3, giving you plenty of leverage and various markets.

Trading platforms

Dukascopy uses the well-known MetaTrader ecosystem, using version 4. They also offer Java based platforms, JTrader, iOS, Android, and Web Based platforms for all markets. The broker also offers automated trading through the JTrader platform.

Payment methods

Dukascopy allows features only two ways to fund the account, either credit card or bank wire. This is probably the one area that this broker could improve, but wires are fast as it is an actual bank.

Extras

Dukascopy offers a massive amount of information for traders. Research is thorough, news is released quickly, through their own television station. They have plenty of analysis and fundamental information as well. The trading ideas are robust and precise, just as they offer many other potential benefits such as a sentiment index.

Dukascopy is possibly one of the most complete brokerages in the world. It’s very professional, and unlike many other brokerage firms, you would find it impossible to outgrow the offerings.

The post Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] appeared first on The Diary of a Trader.

Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] published first on http://thediaryofatrader.com/

[thediaryofatrader]

Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons]

Dukascopy is a Forex and CFD brokerage based in Geneva Switzerland. The broker also has a large banking group that it represents, meaning that you can have your bank account as well as your trading account all in one place. That being said, we will focus on the trading part obviously.

Trading accounts

Dukascopy offers only one type of live account but does of course offer a demo account option. At this point, you are either trading with real money or not. There is a huge amount of advantages which we will go through in trading live here, and the account gives you access to not only the Forex but also the CFD markets that Dukascopy offers. You do have the option of trading with a couple of different platforms.

Dukascopy company overview

Dukascopy is a fully regulated Swiss Bank, offering protection up to 100,000 CHF for each client’s account. The trading aspect of the company focuses on active traders, professionals, services banks and hedge funds, and gives you protection in all markets. It is also a publicly traded company, with the shareholder capital reaching 22 billion CHF. Dukascopy has long been one of the true leaders in the ECN arena.

Trading conditions

Initial deposit

The initial deposit at Dukascopy is US$1000, but quite frankly this is a much more professional brokerage than most people deal with on a regular basis. However, with the massive amount of tools and extras available with the company, $1000 should not be a major hurdle.

Spreads and conditions

Dukascopy offers multiple markets to trade, including Forex, Indices, and Crypto. The spreads are extraordinarily tight, such as 0.1 pips on the AUD/USD pair, the 0.3 pips on the EUR/JPY pair, and 0.9 on the XAU/USD pair. Keep in mind that there are also commissions charged, so that will have to be factored as well. However, the commissions are minimal at best.

Leverage

Leverage at Dukascopy goes as high as 1:200, at least in the major and minor currency pairs. Commodity markets are 1:100, while individual equities are 1:10. Cryptocurrencies have leverage up to 1:3, giving you plenty of leverage and various markets.

Trading platforms

Dukascopy uses the well-known MetaTrader ecosystem, using version 4. They also offer Java based platforms, JTrader, iOS, Android, and Web Based platforms for all markets. The broker also offers automated trading through the JTrader platform.

Payment methods

Dukascopy allows features only two ways to fund the account, either credit card or bank wire. This is probably the one area that this broker could improve, but wires are fast as it is an actual bank.

Extras

Dukascopy offers a massive amount of information for traders. Research is thorough, news is released quickly, through their own television station. They have plenty of analysis and fundamental information as well. The trading ideas are robust and precise, just as they offer many other potential benefits such as a sentiment index.

Dukascopy is possibly one of the most complete brokerages in the world. It’s very professional, and unlike many other brokerage firms, you would find it impossible to outgrow the offerings.

The post Dukascopy review – Dukascopy europe Brokers Review [Pros & Cons] appeared first on The Diary of a Trader.

[freeforexpromo]

Dukascopy Equity Bonus Additional Program

Dukascopy Equity Bonus Additional Program

Famous for the broker who is regulated as a bank and securities dealer by the Swiss Financial Market Supervisory Authority Dukascopy offers 10% additional equity from your deposit. With this additional equity you can use it in your transactions. You can apply for a Bonus for 30 days since you made a credit on your account.

If you have never used Dukascopy before, you might be surprised by the…

[cool-danielramos]

Get the Best Forex Broker Using Forex Broker Comparison

The Forex business is a very aggressive and volatile one and ergo lots of believed and research should go into picking the most effective Forex broker. A great contrast is the best way by which you can obtain this as it can help you to know the functioning design and rules of every broker.nasdaq brokers list  Evaluating brokers must be your prime goal before trading and a improper choice here can separate you also before you begin out.

Each broker has a specific trading design and this is what you must try to understand while performing a broker comparison. Apart from this, there are several other standards too that goes into picking the most effective Forex broker. These generally include selecting your investment objectives, amount of experience of the trader in addition to the broker and risk appetite. It is very important that the trading type of your broker fits your own; only then will you have the ability to work as a team and thus reap in the benefits. A few of the prime titles among Forex brokers include 4XP, Go Areas, Forex Metal, UWC, InstaForex and PFG Best. If you should be trying to find knowledge, then your earliest players in this business are ForInvest Class, Mandus Invest SA, MIG Bank, CMC Areas, North Money, ACM and True Deal Group. A few of the other large titles in the broking business include Dukascopy, Simple Forex, FXOpen, Nord FX, FBS, Finexo, FXcast, Oanda, Alpari and Finotec.

There are lots of on the web websites that you can use because of this comparison. These sites compare brokers applying many groups like most skilled, ECN brokers, NFA regulated brokers and Scalper helpful brokers. Various lists are manufactured with respect to the standards useful for contrast but you must bear in mind that none of the lists are fool proof. Therefore in place of blindly relying these, utilize the list as a base and then carry out your own research to find the best Forex broker of your choice.

One other standards that really must be looked into includes the commission, minimal deposit and maximum leverage. There's no position in selecting a broker who demands a high commission if you should be a new comer to industry and only beginning out. In this case, you'll need a broker who's more experienced and can educate you on the nuances of the game but needs merely a small amount as deposit and commission. As you get knowledge, then you can certainly choose the larger broking companies which might demand high commission fees but are large players in the foreign trade market.

It is also essential that you employ a broker who's regulated whilst the foreign trade market is highly unregulated. The respected regulatory bodies include National Futures Association (NFA), Financial Companies Power, Association Romande Des Intermediares Financiers and Securities and Futures Commission. The best Forex broker must be opted for based on whether they are well-capitalized and insures the consumer funds. Both these standards can be of great assist in the future especially if you run into a restricted spot at any time of the trade.

[fxdailyfeed-blog]

Anniversary bonus for new client

Anniversary bonus for new client

Celebrating its 11-year anniversary Dukascopy offers its clients an exceptional opportunity to get 100% Bonus of the account deposit. Clients can apply for a Bonus during 30 days since their last credit on their account. Bonus subscription entails conditions on traded volume which shall be reached within 1 year after the Bonus is credited on the client account. Any withdrawal from the account…

[bitcoingape]

Bitstamp works with leading online banking in Switzerland to achieve bitcoin (BTC) financing and withdrawals——GoDapp

New Post has been published on http://bitcoingape.com/bitstamp-works-with-leading-online-banking-in-switzerland-to-achieve-bitcoin-btc-financing-and-withdrawals-godapp/

Bitstamp works with leading online banking in Switzerland to achieve bitcoin (BTC) financing and withdrawals——GoDapp

Bitstamp works with Dukascopy Bank to provide encrypted funds to bank customers. The bank is Switzerland’s leading online bank, and its customers can now send Bitcoin (BTC) to their accounts to convert cryptocurrencies into US dollars, which they can use to trade on the Swiss foreign exchange market. Dukascopy customers can also withdraw funds back to their wallets in the form of BTC. Bitstamp will facilitate the exchange of legal and cryptocurrencies.

​

The Bitstamp team explained in the announcement why this partnership is the key to moving forward for cryptocurrency.

​

This partnership has taken us one step closer to the goal of narrowing the gap between cryptocurrency and traditional finance. Further proof that our efforts in compliance and regulation continue to yield results as the cryptocurrency industry matures rapidly.

​

The Geneva-based Dukascopy Bank offers traditional banking services as well as cryptocurrency trading services, forex and binary options trading to retail and institutional investors through CFDs. The bank explained that trading account financing using cryptocurrencies is subject to the following conditions:

​

Deposits and withdrawals from trading accounts currently only accept bitcoin

After transferring the BTC, the bank immediately converts it into US dollars and deposits it in the customer account.

At the time of withdrawal, the dollar amount from the customer’s account is converted to BTC and transferred to the Bitcoin wallet associated with the user’s account.

The base legal currency is the US dollar

The maximum net deposit that can be deposited is $50,000 (total deposit minus total amount drawn)

Bitcoin deposits are not processed immediately. Therefore, the trader must accept the possibility of loss due to changes in the BTC / USD exchange rate during the conversion period.

BTC deposits and withdrawals are only processed within the working day associated with the Canton of Geneva, Switzerland

As mentioned earlier, Dukascopy does not provide direct transactions for cryptocurrencies. Bank customers can conduct cryptocurrency transactions through CFDs (CFDs) based on price movements of cryptocurrencies or their derivatives.

​

——[www.GoDapp.com](http://godapp.com)

​

https://i.redd.it/xulkm9j5xwc21.png

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[cryptswahili]

Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

Cryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with BTC as well as withdraw funds in the cryptocurrency. Deposited coins are converted to USD. Withdrawals are converted to BTC and transferred to the crypto wallets linked to client accounts.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

The Partnership

Bitstamp announced on Friday that it has “partnered with Dukascopy Bank, one of the leading Swiss online banks, to enable crypto funding on their platform.” The exchange elaborated:

Dukascopy’s clients can now send bitcoins to their accounts and the crypto will be converted to US dollars, which they can use to trade on the Swiss FX Marketplace. Clients can also withdraw funds back to their cryptocurrency wallets in the form of bitcoins.

Geneva-based Dukascopy Bank offers currency and precious metal (forex) trading to retail and institutional clients. Its website explains that the funding and withdrawals of BTC are offered through “crypto-fundable trading accounts,” adding that BTC is currently the only cryptocurrency supported.

The bank explained that any BTC sent by clients to it will always be converted to USD. Bitstamp is responsible for exchanging fiat funds to BTC and back for the bank. “The proceeds of the BTC/USD conversion are credited in USD to the crypto-fundable client account,” the bank described, adding:

In case of withdrawal, the bank debits an amount of USD from the crypto-fundable client account, converts such amount into BTC at a current rate and transfers the bitcoins to the client wallet linked to his account.

“This partnership represents another step towards our goal of bridging the gap between crypto and traditional finance,” Bitstamp wrote. “It is further proof that our efforts in compliance and regulation continue to deliver results at a time of rapid maturation for the cryptocurrency industry.”

Dukascopy Bank’s Crypto CFD Offerings

This is not Dukascopy Bank’s first foray into the crypto space. It already provides contract for difference (CFD) “trading on price movements of cryptocurrencies, its derivatives or value estimations,” according to its website. Currently, only CFDs on BTC and ETH are available, both with a 33 percent margin requirement and a leverage ratio of 1:3.

Dukascopy Bank’s website further details that customers with opened CFD positions do not own the underlying assets and the “price of cryptocurrency CFD varies significantly across different cryptocurrency exchanges.” The bank also noted that its CFD “prices on cryptocurrencies are unique and based on its ability to hedge Dukascopy positions with external counterparties.”

What do you think of the partnership between Dukascopy Bank and Bitstamp? Let us know in the comments section below.

Images courtesy of Shutterstock, Bitstamp, and Dukascopy Bank.

Need to calculate your bitcoin holdings? Check our tools section.

The post Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals appeared first on Bitcoin News.

[Telegram Channel | Original Article ]

[coreymiler]

Dukascopy Partners with Bitstamp to Facilitate Crypto Funding

Dukascopy allows clients to deposit and withdraw funds in digital coins, as well as enabling free internal crypto-transfers. Dukascopy Partners with Bitstamp to Facilitate Crypto Funding syndicated from https://forexlasersforum.blogspot.com

[fxasker-blog]

How Do I Modify Or Delete A Pending Order In Trading Platform With interactivebrokers?

How Do I Modify Or Delete A Pending Order In Trading Platform With interactivebrokers? Read More http://fxasker.com/question/36c0b2013e632e3e/ FXAsker