The development of crypto is continuous. Today, the issue of cryptocurrency withdrawal is not so acute. There are more and more gateways. And most important, they are cheaper and less complex.
MEW added Bity
The most popular ETH-wallet MyEtherWallet added another one option for withdrawal of crypto in fiat. For those who are in the subject, there is no sensation in this. On the MEW website you can find a dozen legal opportunities.
Still, the new partner, Bity crypto-financial platform, adds nice features. You can withdraw up to $ 5000 and – attention! – without KYC! According to Kosala Hemachandra, CEO of MEW: “This Exit-to-Fiat gateway is a gamechanger for cryptocurrency users around the world because it allows people to exchange crypto to fiat without needing to be KYC verified”.
It is noteworthy that everything is within the law. According to Bity, the company is widely represented in Switzerland by an ATM network in accordance with the Swiss Anti-Money Laundering Ordinance (AMLA).
Today, when the former world financial center, UK, is diligently engaged in suicide in the form of Brexit, Switzerland is again ready to come out on top as the financial center in the new financial reality. Previously, it was the Country of banks, now it can become a Country of crypto and take a leading position. At the end of last year, Switzerland surpassed the United States and was the first in the world to launch one of the most convenient tools for institutional investors, the ETF. Now Switzerland has taken care of ordinary private investors. The gateway from MEW and Bity allows users to withdraw Bitcoins (BTC) and Ethers (ETH) in euros (EUR) and Swiss francs (CHF).