July 13, 2020 |James Messi
NEW PARTNERSHIP MAKES A TWO WAY FIAT RAMP AVAILABLE FOR CRYPTOCURRENCY CUSTOMERS AROUND THE WORLD
You know how it’s difficult to move USD, CAD, AUD, EUR, JPY or GBP in and out of cryptocurrency – typically you have to create a chain of transactions to purchase the digital asset that you want. The Beaxy and Prime Trust partnership allows you to use bank wires, and eventually ACH, to move your fiat directly into the Beaxy Exchange and purchase popular cryptocurrencies with your money. In fact, Beaxy will be one of three major exchanges in the world to offer this level of multi(fiat)currency access to cryptocurrency markets.
When you send any of the six fiat currencies listed above to Beaxy Exchange, you will be storing your funds with a United States Trust company, Prime Trust. Accounts are FDIC insured up to $250,000. Beaxy, a U.S. compliant, federally registered cryptocurrency platform provides an all-in-one solution for you to invest and trade in Blockchain projects and tokens that you believe in who are utilizing immutable, secure blockchain technology.
Prime Trust in tandem with Beaxy Exchange brings the speed and accessibility of cryptocurrencies to the traditional banking process. The process from start to finish is a few easy steps and you’ll be given access to the most popular digital assets. It’s easy: provide Beaxy Exchange with a few basic pieces of information; then, visit your bank’s online portal, enter the wire information to make a free deposit, and you can trade USD, CAD, AUD, EUR, JPY and GBP for Bitcoin.
When asked about the partnership Brian Peterson, Chairman of the Board at Beaxy had the following to say, “Customer funds are stored with a U.S. Trust company giving added security and peace of mind to the end-user. Additionally, Beaxy becomes one of three major exchanges globally to offer six fiat quote currency pairs to buy major cryptocurrencies.”
While Kevin Lehtiniitty, CPO at Prime Trust said, “Prime Trust is excited to welcome Beaxy into our ecosystem. Beaxy is bringing some very impressive transaction scaling ability as well as other state-of-the-art features that will be valuable for their users and the industry. Our partnership supports our mutual vision for the digital asset space as well as the PrimeX ecosystem.”
Free inbound domestic wire transfers are available now and new releases containing features like international wire transfers, five additional quote currencies and frictionless ACH transfers are expected to launch in the coming weeks. Do you love your primary cryptocurrency exchange? Enjoy an all-in-one platform at Beaxy Exchange.