Electrocoin, a prominent cryptocurrency exchange service in Croatia, has recently unveiled its latest offering – the Electrocoin Trade platform, catering to both individual and corporate clients within the EU.
The platform features two main services: cryptocurrency exchange and trading without the need for prior registration, as well as cryptocurrency exchange and trading for registered users. With the evolving regulatory landscape in the crypto industry, Electrocoin has implemented a new custodial model, allowing them to act as custodians for clients’ assets held on their Electrocoin Trade accounts. By signing up with Electrocoin Trade, users can securely store their cryptocurrencies on a regulated platform, in addition to gaining access to benefits like lower trading fees and portfolio monitoring tools.
Despite the introduction of the new service, Electrocoin has opted to retain its existing offering, allowing any adult EU citizen to buy, sell, or trade cryptocurrencies up to 1000 euros without verification or registration. This ensures that users have options and can still access crypto even if they prefer not to register with the new platform, thanks to regulatory approval for KYC-less transactions below certain thresholds.
The platform supports cross-chain transfers and coin-to-coin swaps using various protocols such as ERC-20, Polygon, BEP-20, and more. Additionally, Electrocoin has introduced a new feature where users can pay bills using cryptocurrencies, settling invoices that are typically paid via bank transfer within the EU/SEPA zone. This means that utility bills, personal expenses like vehicles or real estate, can all be paid using cryptocurrencies as long as the recipient has a bank account.
Founded in 2014, Electrocoin has established itself as a leading player in the industry, launching PayCek, a crypto payment processor, in 2018, and now the new cryptocurrency exchange platform. The company emphasizes communication with regulators and boasts over 250,000 successful transactions, along with round-the-clock customer support with an average chat response time of one minute. Positioned as a competitor to other top European exchanges, Electrocoin Trade’s standout feature is the ability to exchange cryptocurrencies without prior identification.
For those eager to delve into the world of crypto, Electrocoin Trade is the place to start. Visit now and explore the possibilities!
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