Regulation
Electrocoin Launches Its New Cryptocurrency Trading Platform, Electrocoin Trade
One of the largest cryptocurrency exchange services in Croatia, Electrocoin, has recently launched its new cryptocurrency exchange platform called Electrocoin tradingwhich provides services to natural and legal customers in the EU.
The platform includes two main services: cryptocurrency exchange and trading service without prior registration on the platform and cryptocurrency exchange and trading service for registered users. In this way, and following the recent regulatory development in the area of cryptocurrency regulation, Electrocoin has introduced the new custody model to their service, allowing them to act as custodians for the assets that customers have chosen to hold on their Electrocoin Trade accounts. By registering with Electrocoin Trade, users can entrust their cryptocurrencies for custody to a highly regulated platform, as they also have access to additional trading and user experience benefits such as lower trading fees and cryptocurrency portfolio monitoring.
Regardless of the new service, Electrocoin also decided to keep the old service: any adult citizen in the EU can buy, sell or exchange cryptocurrencies up to 1000 euros without verification or prior registration on the platform. In this way, Electrocoin wanted to guarantee its current and future users an option where they could still access cryptocurrencies even if they preferred not to register on the new platform. This service is possible thanks to the regulatory approval for exchanging money without KYC below certain thresholds.
The platform supports cross-chain transfers and coin-to-coin exchanges via a variety of protocols, including ERC-20, Polygon, BEP-20, and many more. Additionally, with the release of the new platform, Electrocoin has also introduced a new service: pay bills with cryptocurrencies. Users of the platform can use their cryptocurrencies to settle any bill that can be paid via bank transfer within the EU/SEPA zone. That said, utility bills such as electricity, water or internet, or even personal expenses such as vehicles or even real estate, can be paid with cryptocurrencies, as long as the recipient of the payment has a bank account number.
Electrocoin was founded in 2014 and has since become an industry leader, introducing PayCeka crypto payment processor, in 2018. and now the new cryptocurrency exchange platform. The company is committed to communicating with the regulator and today has over 250,000 successful transactions, along with 24/7 customer support with an average chat response time of one minute. Electrocoin Trade is positioning itself as a competitor to other top-tier European cryptocurrency exchanges, with the feature that allows cryptocurrency trading without prior identification specifically standing out.
Start using cryptocurrencies now and visit Electrocoin Trade!
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