Indacoin Leads the Market by Launching China UnionPay (CUP) Payments

IndacoinBitcoin Press Release: London-based Bitcoin exchange Indacoin has launched China UnionPay (CUP) payments that will allow users from China buy bitcoins & litecoins with their banking card. The minimum amount is 10$ and the maximum is 2000$ per transaction.

Indacoin is a trading platform (Bitcoin exchange) for buying and selling of different cryptocurrencies. It neither buys nor sells bitcoins. It serves as a transaction guarantor for the transacting parties. Also, its exchange has a Litecoin trading feature. In the nearest future, it will have capabilities for trading other cryptocurrencies.

Exclusive for Coin News Asia readers, customers can add the funds via CUP without any fees till the end of July. To use that option just create a ticket with the following text: CoinNewsAsiaCUP bonus.

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Coin News Asia readers can create a ticket by clicking here.

Indacoin not only offers the service for buying bitcoins instantly with a debit/credit card without registration, but also has a trading platform with a margin trading, professional API, zero fee for execution of a limit order. In addition, all the clients of the exchange currently earns 15% annually on those funds, that they keep within the platform. This interest is calculated on the free USD balance and paid on a daily basis.

“As far as Chinese market was closed to Visa & Mastercard till this year, more than 70% of population uses China Union Pay there. So though such integration we d like to expand our operations to a new market” Indacoin CEO Stanislav Kosorukov said.

He also added that in August, Chinese clients would be able to sell bitcoins and withdraw funds to their CUP cards.​

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