avatar
2019-10-23 05:52:18
Jacob Fisher

Editor

2019-10-23 05:52:18

Binance promises bitcoins purchases without overpayments

Bitcoin to become more affordable and cheaper for Russian investors. BullsInvest found out that one of the largest cryptocurrencies exchange Binance will beggin accepting payments in Rusian Ruble.

Bitcoin to become more affordable and cheaper for Russian investors. BullsInvest found out that one of the largest cryptocurrencies exchange Binance will beggin accepting payments in Rusian Ruble.

Bitcoin to become more affordable and cheaper for Russian investors. BullsInvest found out that one of the largest cryptocurrencies exchange Binance will beggin accepting payments in Rusian Ruble. According to CZ , Russians will be able to purcvhase BTC with their credit/debit cards with the lower commissions. What does this mean for Russian investors? And how will the simplification of cryptocurrency trading affect the withdrawal of capital from the country?

For the recent year, Russia has become the world leader in thrading on the platform of LocalBitcoins (the most famous cryptocurrency trading platform). Second on trading volume is United States with 18% and third China with 13%.

At the same time, Moscow is leader in over-the-counter trading volumes. Some analysts believe that one of the reasons is that businesses are using cryptocurrencies to circumvent sanctions. On daily basis Russians buy $ 10 million worth of cryptocurrencies with fiat, and Binance will transfer these transactions into a legal funel, says Vladimir Smerkis, co-founder of the cryptocurrency platform Box Token. According to him, the procedure, which involves the full disclosure of the user's identity, will "whitewash" the Russian cryptocurrency market.