Crypto.com has announced that its retail traders can now access the facility of USD transfers. The exchange platform has committed to offering a seamless process to customers with zero transfer fees. However, it is subject to the end of the promotional period and the application of processing fees by banks. Nevertheless, retail traders on Crypto.com can transfer an amount of any size with no limit whatsoever.
The USD transfer functionality has been initiated and is accessible via the web and application-based platforms. The platform supports deposits and withdrawals through Crypto.com. The provision of the service may also be subject to restrictions in particular jurisdictions; this must be acknowledged. Customers from eligible regions are required to initiate USD transfers through the designated Wallets or the Bank Transfer page.
Adding to this layer of benefit is the provision of USD trading pairs with Ethereum, Bitcoin, and other tokens.
The development comes at a time when crypto is recovering from its winter season. Leading this growth is the dominant BTC, with a trading value of $35,000. Specifically speaking, BTC was trading at $35,317.82 at the time of drafting this article. This is a jump of ~1.22% in the last 24 hours. Similarly, ETH has surpassed the milestone of $1.8 to touch the value of $1,883.19.
Founded in 2016, Crypto.com requires all customers to sign up before accessing its services, including USD transfers. Once registered, customers can add more than a hundred trading pairs to their portfolios. More such information about the platform can be read in the Crypto.com review, which further sheds light on its products and features.
USD transfers should be activated by retail customers either through Wallet or through Bank Transfers. KYC is mandatory, and the process prompts customers to share certain pieces of information to complete the process. USD can be deposited by selecting the Deposit button and withdrawn by selecting the Withdrawn button.
Crypto.com retail traders can access SWIFT deposits with a maximum limit of $100,000 per day plus five deposits daily. SWIFT deposits can take up to 3–6 days to process.
This development is appealing because Crypto.com is in a frenzy to increase the variety of products and services it can provide to its clients. In recent times, the platform has introduced CorgiAI for true cost in over 20 fiat currencies, such as EUR, USD, and GBP, among others. The outcome of this development is presently apparent in its trading value, fluctuating at approximately $0.00009172. This is an increase of 42.53% over the past twenty-four hours, and further growth is anticipated in the coming days.
Crypto.com has enabled the transfer of USD for its retail traders, giving them a seamless option to access deposit and withdrawal of the token through the Wallet or Bank Transfer page. There is no transaction fee on Crypto.com for a while; banks may apply processing fees to the transactions.