Coindirect, one of Africa’s leading cryptocurrency exchanges, has announced that customers can now buy and sell cryptocurrencies on its platform using Euros.
The exchange now allows customers using Euro to deposit their cash into their Coindirect Euro Wallet. Using the Euro Wallet, users can withdraw funds into their Single Euro Payments Area (SEPA) bank account and can buy and sell their cryptocurrency for Euro. Coindirect stated that users of the platform from “Austria, Belgium, Cyprus, Germany, Estonia, Spain, Finland, France, Greece, Ireland, Italy, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Portugal, Slovenia, Slovakia and Denmark will automatically get a Euro Wallet.”
The new feature boasts easy, smooth transactions between 43 leading cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin and the Euro currency.
When logging into their Coindirect account, European customers will see that a Euro Wallet will automatically generate, meaning that users from the SEPA regions do not need to worry about doing anything to acquire their Euro Wallet.
Before the launch of this feature, European users could only buy via peer-to-peer marketplace which saw inflated prices. Now, with the Euro Wallet, the process of cryptocurrency-to-Euro transactions is smoother and more reasonably priced.