Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

2019-1-26 06:45

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.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0030413 (-100%)

btc bank bitstamp withdrawals swiss converted accounts

Источник: news.bitcoin.com

btc bank → Результатов: 120


Bitstamp Partners With Leading Swiss Online Bank to Enable Bitcoin (BTC) Funding and Withdrawals

The cryptocurrency exchange of Bitstamp has partnered with Dukascopy Bank to enable crypto funding for the clients of the bank. The bank is a leading Swiss online bank and its clients can now send Bitcoin (BTC) to their accounts and the crypto will be converted to US Dollars which they can use to trade on […] The post Bitstamp Partners With Leading Swiss Online Bank to Enable Bitcoin (BTC) Funding and Withdrawals appeared first on Ethereum World News.

2019-1-26 10:24


Фото:

Швейцарский Falcon Private Bank представил криптовалютные кошельки с опцией вывода в фиат

Falcon Private Bank, расположенный в Швейцарии, ввел в работу особые кошельки, предназначенные для вывода средств в фиат. Банк поддерживает такие криптовалюты, как биткоин (BTC), Ethereum (ETH), Bitcoin Cash (BCH) и Litecoin (LTC).

2019-1-22 16:20


Швейцарский Falcon bank создал свой криптокошелек с возможностью вывода в фиатной валюте

Частный негосударственный швейцарский Falcon Bank официально объявил о создании криптовалютного кошелька для хранения «монет» и возможности их прямых переводов в фиатную валюту. Пресс-релиз банка с такой информацией вышел 21 января.

2019-1-22 15:33


Швейцарский Falcon Private Bank представил криптовалютные кошельки с опцией вывода в фиат

Базирующийся в Цюрихе Falcon Private Bank предоставил частным и институциональным клиентам возможность прямых криптовалютных переводов между «сегрегированными кошельками» и обмена на фиатные средства.

2019-1-22 21:35


Пакистанское подразделение Telenor запускает сервис расчетов на блокчейне

Пакистанское подразделение телекоммуникационной компании Telenor запустило основанный на блокчейне сервис международных расчетов. Об этом сообщается в опубликованном 8 января пресс-релизе. Согласно анонсу, организации Telenor Microfinance Bank (TMB), Valyou  и Telenor Easypaisa совместно запустили основанный на блокчейне сервис в Пакистане.

2019-1-10 16:26


Фото:

France Starts Selling Bitcoin At 6 Tobacco Shops – 6,500 By Next Month

An initiative to sell Bitcoin (BTC) in France’s 24,000 tobacco kiosks has tentatively launched despite votes of no confidence from the central bank and other sources. 6 Tobacconists Today, 6500 By February As Reuters reported January 8 quoting organizer Adil Zakhar, six ‘Tabac’ shops in Paris began offering prepaid Bitcoin cards this week, with plans to roll out the scheme in rapid fashion to over 6500 as soon as next month.

2019-1-9 16:00


“My money isn’t really mine, this is why the world needs BTC” Crypto user exposes Bank of America after he got locked out of his bank Account

A cryptocurrency user “ammonitions”, has sparked up an intense conversation amongst fellow cryptocurrency users via the Reddit chat app, after revealing his experience with a traditional bank. The user whose post was titled “you need permission to use your own money”, expressed his frustrations over his inability to make a withdrawal that was slightly over […] The post “My money isn’t really mine, this is why the world needs BTC” Crypto user exposes Bank of America after he got locked out of his bank Account appeared first on ZyCrypto.

2018-12-21 19:28


Dec 14th Crypto News Recap Part 2: Coinbase, EU Sandbox, Cryptojacking, BBVA Bank, Crypto Valley [VIDEO]

Bitcoin (BTC) Price Finds New 2018 Low at $3,180 USD as Investors Seek for the Bottom's Bottom Bitcoin (BTC) Price Finds New 2018 Low at $3,180 USD as Investors Seek for the Bottom's Bottom Coinbase Crypto Exchange Launches the Single Sign On (SSO) via Consensus Coinbase Crypto Exchange Launches the Single Sign On (SSO) via […]

2018-12-15 09:31


Интервью с Максом Кайзером: покупайте биткоины, «оставьте альткойны идиотам вроде Джейми Даймона»

Известный телеведущий и кинорежиссер, а ныне ведущий программы Keiser Report на канале RT Макс Кайзер (Max Keiser) поделился с изданием Bitcoinist мыслями о последних событиях во Франции, о том, как Россия может использовать биткоин и почему биткоин остается королем криптовалют.

2018-12-13 15:22


Фото:

Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering

The Netherlands is seeking to regulate cryptocurrency companies, supposedly in a bid to prevent money laundering and alleged terrorist financing. All virtual currency businesses will now be required to obtain an operating license from De Nederlandsche Bank, the country’s central bank, under draft legislation designed to prevent crypto assets such as BTC from being used […] The post Netherlands to Regulate Cryptocurrencies in Bid to Curb Money Laundering appeared first on Bitcoin News.

2018-12-12 18:15


Фото:

Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

2018-12-3 19:20


[VIDEO] November 27th Crypto Daily: Bitcoin and Blockchain News Recap

Japan's LINE Chat App to Bank with Mizuho and Partner with Tencent for Mobile Payments Japan's LINE Chat App to Bank with Mizuho and Partner with Tencent for Mobile Payments Bitstamp Crypto Exchange to Utilize Irisium's Market Monitoring Analytics Bitstamp Crypto Exchange to Utilize Irisium's Market Monitoring Analytics Bitcoin (BTC) Price Could Reach as Low […]

2018-11-28 05:50


Jamie Dimon Getting Last Laugh as Bitcoin Continues to Fall

Bitcoin (BTC), Cryptocurrency, Wall Street–JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon might be the only one laughing as cryptocurrency prices continue to plummet. While investors across the space of cryptocurrency watch another day of double digit losses for Bitcoin and the larger altcoin market, the CEO of America’s largest bank has been vindicated […] The post Jamie Dimon Getting Last Laugh as Bitcoin Continues to Fall appeared first on Ethereum World News.

2018-11-21 07:11


дальше еще 71 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum’s Layer 2 Ecosystem Surges: Base And Arbitrum One Lead The Charge

Ethereum’s Layer 2 (L2) ecosystem is experiencing explosive growth, with Base and Arbitrum One emerging as the top contenders, boasting over 1.5 million active addresses combined. Base, in particular, has seen a remarkable rise in 2024, with active addresses skyrocketing from near zero to 1 million in just nine months. […]

New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals

Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being unable to withdraw their money.