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.submitted by GoDapp-Official to Bitcoin [link] [comments]
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.
Switzerland-based forex bank and broker, Dukascopy, has warned customers that forex trading company GCG Asia is fraudulently claiming to be the bank’s authorized firm. In the announcement, Dukascopy Bank cautions that neither it nor any entities of Dukascopy Group have relations with GCG Asia, although the latter fraudulently claims the opposite: “Please mind that contrary... Founded in 1998, Dukascopy is an online forex & CFD broker headquartered in Geneva, Switzerland. They have 2 subsidiaries operating in the online trading space: Dukascopy Europe IBS AS based in Latvia and Dukascopy Japan K.K. based out of Tokyo. The two subsidiaries are regulated by the financial regulators in their respective countries, and trading conditions therefore vary depending on which ... Dukascopy Review Dukascopy Bank é um banco on-line suíço que fornece serviços de negociação baseados na Internet e móveis com foco em câmbi... Dukascopy offers the following popular deposit and withdrawal methods: Bank Wire Transfers; Bitcoin; Bank Guarantees – can only be used for deposits starting from $100,000. Credit/Debit Cards; Dukascopy prohibits third party payments. Deposits and withdrawals must be to and from the same account that the trader registers when opening a live ... RECOMMENDED FOREX BROKERS. Forex.com . Dukascopy Bank SA (dukascopy.com) is a powerhouse of a broker. Being one of the few ones registered and regulated in Switzerland, this broker offers all the options needed to meet the forex industry standards, and then some. Read the review to find out all about it. Dukascopy Bank SA is а subsidiary of the main parent company, Dukaspcopy Bank. The ... Dukascopy withdrawal procedure clearly demonstrates why this broker is considered to be one of the best in the business. Quick and reliable, with clients’ best interests in mind, Dukascopy makes sure you always get your money safely and without delay. Apart from your actual account balance with them, there are no limitations to how much you can withdraw and when you can do it, which gives ... ForexBroker is your one stop portal for comparing the best Forex Brokers, Stock Brokers and Trading Platforms in the world! About us ... Deposits & Withdrawals; Customer Support; Research & Education ; NoteworthyPoints Conclusion Comparison. Review. Introduction. The Dukascopy trading platform launched in 1999 as part of Dukascopy Trading Technologies Corporation. The Swiss brokerage house ... I would like to appeal to Dukascopy via this medium to please honour the withdrawal request I started with them since 2nd of January 2014! I made a mistake in the final account number the funds would be going into and due to this mistake the funds were returned to the intermediary bank, I have since made the corrections to the account number and sent to Dukascopy however I am yet to receive my ... Dukascopy forex withdrawals November 23, 2017 Dukascopy Bank has signed a new partner for its Open Banking ecosystem. This is already the third crypto exchange partnership after SCX and ZBX within the same framework of the relationship. The partnership principle is based on the simple concept – every private person may open a standard MCA account at Dukascopy Bank and separately an account at the Exchange.
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