OKCoin Launches New SEPA Payment Platform Dedicated to EU Users

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OKCoin, the leading San Francisco-based digital currency trading platform, has added another feather to its credit. The exchange has recently announced the launch of a new and advanced payment solution for Single Euro Payments Area or SEPA, which will allow the customers in the European Union to indulge in euros trading at a much convenient pace.

As per the official announcement made by OKCoin on its Twitter handle, the new solution will benefit the users in a big way as they will be able to enjoy trading activities at low charges. To induce more and more customers and to have a successful start, the exchange has terminated all fee charges on qualifying transactions for the next six months for the European Union clients.

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The news of the launch of the new payment solution is likely to garner a lot of attention from the EU users as they will get a fair chance to get exposed to faster and more economic transactions to and from their exchange accounts. The corporate clients of the exchange will get access to increased deposits and withdrawal limits along with lower fee charges via the SEPA payment solution.

OKCoin shared the launch news with the customers stating that

If you’re a resident of the European Union, you can now deposit and withdraw euros and enjoy zero fees for the first six months—from now until April 22, 2020, at 11:59 pm PST. Our corporate customers will also be able to enjoy higher limits and lower fees through the new SEPA payment channel.

The SEPA payment platform will allow users to deposit from a minimum sum of €5 per transaction with a charge of a meager €0.15 deposit fee. The withdrawal minimum limit is €10, with a charge for SEPA withdrawals amounting to €1. There is also a provision of an international fee which shall be payable by such clients who operate the payment solution outside the EU. The cost for deposits in such cases shall be €10, while for withdrawals it shall be €18.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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