Trade.io will now allows its users to use credit cards to purchase cryptos!
Introduction
In the crypto scene, there are a lot of different platforms that allow the people to freely exchange one cryptocurrency for another one based on the current market price, and as we all know, the competition between these companies is extremely fierce, especially because of the fact this industry has been on the spotlight for the past few months and years, with strong changes in the prices of cryptocurrencies and an increasing number of projects doing everything they can to become the next big thing.
As the industry grows, the demand for having platforms to do exchanges between cryptocurrencies and fiat money will certainly become bigger, and the potential reward for the projects that manage to position themselves as the most attractive options in the market could be enormous, this is why projects like Trade.io are constantly outdoing themselves and figuring out new strategies that can make them even more attractive than before.
It is important not to forget that Trade.io already has amazing features that were explained in the past, such as the liquidity pool and the OTC trading desk.
Trade.io announces credit card integration
Most of the people in today’s world use credit cards, it can be easier and faster to purchase products with these cards, and they can make life easier to both the buyer and the seller, especially when it comes to digital commerce.
Taking this into account, Trade.io recently announced that people will now be able to purchase cryptocurrencies using their own credit cards in the Trade.io platform, they even released a short video explaining the process from start to finish:
The different steps can be seen in the following image:
This decision of integrating credit cards with their platform will certainly result in an increase of investments coming from people that are attracted to the idea of using their credit cards, but more importantly, it will allow Trade.io to become a new entry point by linking the fiat economy with the crypto economy through the use of credit cards. Purchasing cryptocurrencies this way should be a seamless process and this could encourage a lot of people to participate in the Trade.io platform so as to enjoy the other valuable features they have for their users.
It’s no secret that newcomers to crypto are hindered by complicated onboarding processes; We endeavor to reduce barriers and responsibly provide access to the crypto world. Quote by William B Heyn (CEO of Trade.io) Source
In their website they even added a live calculator where people can see how much cryptocurrency they can buy by indicating the amount of fiat money they are planning to invest:
So far, the credit card option works with Bitcoin, Ethereum, Bitcoin Cash and Litecoin, which is a very nice selection with 4 of the top 6 cryptocurrencies by market capitalization, maybe in the future they could end up adding more options, for the 4 cryptos that are currently available is certainly more than enough to cover the potential demand there might be, besides, Bitcoin and Ethereum are by far the 2 cryptos with the highest volume so I would guess everyone will be happy with this selection. The fiat currencies available for these operations are the American Dollar and the Euro, which are the 2 fiat currencies most used globally.
There is a condition that sets the limits regarding the amount that can be invested, the lower limit is 50 USD and the higher limit is 20,000 USD, which are very reasonable limits in my opinion.
Finally, the benefits of using this method to purchase cryptocurrencies with Trade.io are indicated in this image:
DISCLAIMER
The information contained within this post shall not be taken as a financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.