Popular BItcoin and cryptocurrency exchange, BTC-E, has introduced verification approaches which will make it less complicated for Russian residents to buy Bitcoins. BTC-E, one of the oldest cryptocurrency exchanges in the world, unveiled a raft of updates on Tuesday.
The leader amongst them is the non-obligatory alternative for customers to undergo verification, advantages of which consist of a twice-larger withdrawal limit and the opportunity of investment trades using Russian bankcards.
The Bitcoin and cryptocurrency exchange additionally plans to add numerous different investment options including UnionPay, Qiwi, YandexMoney and Webmoney in the nearest future, all of which are popular payment methods in Russian Federation.
BTC-E was the victim of a concerted phishing mail fraud during this month, with customers reporting a surge in fake messages performing in their inboxes. As Bitcoin and different cryptocurrency exchanges in the world face expanded pressures following a huge growth in new customers on the back of Bitcoin and other cryptocurrency price rises, security is now a larger priority than ever.
As such, a number of the BTC-E features come as little surprise. Documents required for the verification method include a passport or driver’s license, in addition to proof of address. Russia is thinking about the way to regulate cryptocurrency from as early as 2018, with lawmakers calling for transactions to be monitored as well as fiat bank payments.