Established in 2013 as the first cloud mining provider, CEX.IO which has become a multi-functional cryptocurrency exchange, trusted by over 300,000 users, says that it is halving minimum limits for US Dollars withdrawals. Apart from halving the minimum withdrawal, the company has also introduced Individual Business and Corporate accounts.
In a press release, CEX.IO Bitcoin Exchange announced that it was decreasing fees for withdrawals in USD and EUR. At the same time it said that customers will get lower minimum limits for respective withdrawals. It not just lowered costs, but halved minimum limits for US Dollars withdrawals, from $200 to $100 as well.
Similarly, Euro withdrawals have decreased from €200 to only €30. A series of other announcements have also been made; for instance, from now on, CEX.IO users will be able to withdraw their fiat earnings with better conditions, being charged a considerably lower commission.
Nonetheless, the Bitcoin exchange also says that a fee for withdrawing US Dollars via bank transfer has decreased from $50 to $35 per transaction. At the same time the company admits that withdrawal cost in EUR remains only €10 within an ordinary SWIFT withdrawal, and €0.4 per SEPA payment.
Talking about the latest decisions by the Bitcoin exchange, Jeffrey Smith, Chief Information Officer, said that with these new improvements, the users will expand their possibilities and will be able to withdraw less amounts with lower commissions. He further clarified that this is a great opportunity to try out dealing with the Bitcoin ecosystem.
Moreover, with the latest changes, the Bitcoin exchange claims that users will now experience an improved visual representation of limits and commissions within a user-friendly spreadsheet placed in the respective tab of their CEX.IO profile. The company informs that the profile provides a detailed overview of account opportunities and presents account types.