One of the largest cryptocurrency exchange services in Croatia, Electrocoin, recently launched its new cryptocurrency exchange platform called Electrocurrency tradingproviding services for natural and legal clients in the EU.
The platform includes two main services: the cryptocurrency exchange and trading service without prior registration on the platform and the cryptocurrency exchange and trading service for registered users. In this way, and following the recent regulatory development in the area of โโcryptocurrency regulation, Electrocoin introduced the new custody model to its service, allowing them to act as custodian of the assets that customers chose to keep in their Electrocoin Trade accounts. By signing up for Electrocoin Trade, users can entrust their cryptocurrencies for safekeeping to a highly regulated platform as they also gain access to additional trading and user experience benefits such as lower trading fees and cryptocurrency portfolio monitoring.
Regardless of the new service, Electrocoin decided to also maintain the previous 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 ensure that its current and future users had an option where they could still access cryptocurrencies even if they preferred not to register on the new platform. This service is made possible by regulatory approval for KYC-free money exchange under certain thresholds.
The platform supports cross-chain transfers and coin-for-coin exchanges through a variety of protocols, including ERC-20, Polygon, BEP-20, and many more. Furthermore, with the launch 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 invoice that can be paid by 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 real estate, can be paid with cryptocurrency, 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, featuring pay, a 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 positions itself as a competitor to other top-tier European cryptocurrency exchanges, specifically highlighting the feature that allows cryptocurrency exchange without prior identification.
Get started with cryptocurrencies and visit Electrocoin Trade now!
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