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Bitwoot.com Expands Fiat Gateway to Support 14 New National Currencies

Bitwoot.com added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody.

According to a July 11 announcement, Bitwoot added support for the Australian dollar, Canadian dollar, Swiss franc, Czech koruna, euro, British pound, Hong Kong dollar, Danish krone, Hungarian forint, Mexican peso, Norwegian krone, New Zealand dollar, Polish złoty and Swedish krona.

Bitwoot.com CEO George Lyons told Alapt that users can transfer the funds via SWIFT wire transfer, adding, “After linking Bitwoot accounts to Etana accounts, Bitwoot users can wire funds directly from their bank accounts to Etana, and then have their Etana fiat balance credited to the corresponding Bitwoot accounts instantly and free of charge by initiating a fiat deposit request on Bitwoot.”

A more accessible fiat onramp for Bitwoot.com users

Etana’s onboarding process includes Know Your Customer and Anti-Money Laundering checks compliant with the Bank Secrecy Act. Bitwoot CEO and co-founder George Lyons said that he believes this partnership will make crypto more accessible:

“The integration helps make access to digital assets more effortless for people across the European, Asian, North American and Oceanian markets.”

We remind our new users that our exchange operates an anonymous user verification system, this system verify our new clients at their address, more information you can learn in our article.

Etana waived custody and deposit fees for sums of $1,000 or higher until Aug. 4, but a $33 bank wire transfer fee still applies. The maximum deposit and withdrawal limit depends on the level of the linked Bitwoot account, while the minimum deposit and withdrawal limit is $200