Crypto exchange AAX to support 11 global currencies for deposit and withdrawal

Spread the love

Users will be able to purchase cryptocurrencies on AAX as long as they have a bank account. They can also cash out their crypto to their bank account…

To facilitate users’ access to cryptocurrencies, high-performance crypto exchange platform AAX will be supporting 11 different fiat currencies for direct deposit and withdrawal via bank transfer from December 2020. Supported currencies include Australian Dollar (AUD), Canadian Dollar (CAD), Chinese Yuan (CNH), Swiss Franc (CHF), Euro (EUR), British Pounds (GBP), Hong Kong Dollar (HKD), New Zealand Dollar (NZD), Singapore Dollar (SGD), US Dollar (USD).

With the Bitcoin price recently reaching new highs, cryptocurrency has gained substantial popularity among investors. However, the barrier for users to purchase cryptocurrencies with fiat or cash out is relatively high compared to traditional stock markets. AAX is here to provide ease of access for investors. Users can now deposit and withdraw fiat from and to their personal bank account.

AAX’s multi-account wallet structure now supports not only holdings of fiat currency, but also instant swaps between fiat currency and USDT.

RECOMMENDED READ:  New Bitcoin Price Model Suggests ‘Exponential’ Bull Run in One Month

Instant swap supports BTC, ETH, EOS, NEO and USDT convert to selected fiat currencies, meaning users don’t have to sell the crypto on the spot market to USDT, and exchange the USDT to USD, followed by foreign currency exchange if necessary. Three steps are combined to one for a seamless user experience on AAX.

Those interested can find out more about an AAX fiat account here.

 200 Interactions,  6 today

READ ALSO:
Bitcoin Price Movement Analysis for 17th April, 2021

Following reports that Turkey's central bank had placed a ban on crypto-holders using their digital currencies for payment, Bitcoin fell Read more

What is the concept of Crypto Arbitrage? – Earn Money With Cryptocurrency

Where there is a price gap between two or more exchanges, there is an opportunity for cryptocurrency arbitrage. Arbitrage is Read more

Central Bank of Nigeria (CBN) and Nigeria’s SEC iin talks about crypto regulation, 2020 crypto guidelines  suspension unchaged.

The Securities and Exchange Commission (SEC) of Nigeria has reported that discussions with the Central Bank of Nigeria (CBN) about Read more

RECOMMENDED READ:  BAT, Compound, XRP Price Movement Analysis for 23rd February 2021
Bank of Korea’s Governor is the first to criticize the “limitations” of crypto-assets.

In South Korea, there has recently been a large increase in crypto-investments. Unlike in the United States, regulatory authorities in Read more

Bitcoin Price Movement Analysis for 16th April, 2021

Today, the Bitcoin price is plummeting as buyers race to win after it hit an all-time high of $64,945. Bitcoin Read more

The Nigerian Securities and Exchange Commission (SEC) claims that the central bank’s crypto ban has caused business disruption.

The Nigerian Securities and Exchange Commission says it is collaborating with the central bank to develop a regulatory system for Read more

Finance authorities dismiss cryptocurrencies, in the wake of Coinbase’s IPO celebrations

Economic gatekeepers are taking a closer look at blockchain as mainstream coverage of the Bitcoin bubble and Coinbase listing intensifies. Read more

Bitcoin Price Movement Analysis for 11th April, 2021

Is Bitcoin nearing its peak? It's unlikely. Many on-chain measurements revealed that, although Bitcoin was highly bullish, it had not Read more

Fidelity’s Tom Jessop on why Crypto has reached a “tipping point.”

The crypto market has gained traction as a result of low interest rates and fiscal stimulus, according to a Fidelity Read more

How arrests for attempting to obtain a hitman and a nuclear bomb demonstrate that the dark web is not always anonymous.

Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more

Bitcoin, BTT, Dogecoin Price Movement Analysis for 7th April, 2021

Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to Read more

Leave a Reply

Contact Us