The cryptocurrency brokerage Bitcoin Market announced this Tuesday (10), the extinction of the fee for withdrawals of at least R$ 200 for any bank. Until now, the company charged a fee of R$ 2,79 plus 1,100% on the amount withdrawn for each transaction.
- Bitcoin Market is the 1st Latin crypto unicorn after US$ contribution 100 millions
- Cryptocurrency ATMs already have more than thousand new units in 2021
The determination is permanent and, with it, the platform becomes the only one among brokers operating in Brazil to allow free withdrawals in reais. Until August, Binance offered this advantage, but the offer ended on September 1st and the company started to charge R$ 2,21 per withdrawal, regardless of the amount.
Fintech Alter — a digital bank with cryptocurrency support — does not charge cash withdrawals either, but the money is available in the company’s own account offers instead of going to the customer’s preferred bank.
Want to catch up on the best tech news of the day? Go and subscribe to our new channel on youtube, Canaltech News. Every day a summary of the main news from the tech world for you!
Gift to customers
The Bitcoin Market says that the novelty is a gift for customers in celebration of the three million registered on the platform. “This is a very important brand for us, because it shows not only the growing interest in cryptoactives, but also the confidence in the Bitcoin Market”, says Fabricio Tota, director of New Business at the company.
Two months ago, 2TM, the holding company that controls the Bitcoin Market and eight other companies, became a unicorn — a startup with a value of over US$ 1 billion — upon receiving an investment of US$ 200 million led by Softbank. Currently, its market value is US$ 2.1 billion.
On the other hand, if withdrawals from the Bitcoin Marketplace are in cryptocurrencies, they continue to be charged. In this case, the tariff values vary according to the asset and depend on blockchain rules and network congestion at the time of the transaction.
Did you like this article?
Subscribe your email on Canaltech to receive daily updates with the latest news from the world of technology.