BitoPro and Far East Bank launch Bankee dedicated cryptocurrency account

This site (120btC.coM): BitoPro and Bankee officially announced their cooperation to launch a dedicated cryptocurrency account, which will greatly improve the immediacy and financial efficiency of transactions. This cooperation represents the deep integration of traditional finance and the cryptocurrency world, providing investors with a new financial service experience.

Pain point: Banks are nervous about users in the currency circle

Users involved in cryptocurrency trading often encounter bank rejection when they go to the bank and want to bind a deposit account to a compliant exchange, or want to increase the remittance limit. This is because there is currently a lack of a clear regulatory framework for cryptocurrency activities, and most banks are still very conservative and unfriendly to cryptocurrency based on risk control.

BitoPro joins hands with Far East Bank to launch Bankee cryptocurrency exclusive account

Taiwan compliance exchange BitoPro and its trust bank - Far East, recently launched an exclusive account for cryptocurrency users in an attempt to solve the above pain points:

• Maximum single transaction The deposit limit is increased to NT$1.5 million, with a maximum of NT$5 million on the day

• Taiwan dollar and foreign currency accounts are opened at one time

• The monthly withdrawal limit is up to NT$40 million

• 6 times a month in the first year No handling fee for withdrawals

• Bitto cryptocurrency exclusive account physical card - Bito gold co-branded card

• No limit on deposit amount, current 0.845% annual interest rate

More services coming soon

• Withdrawal service: Multiple withdrawals in a single day

• One-click deposit: Quickly add Taiwan dollars from BitoPro and seamlessly switch apps

• USD deposits and withdrawals: Supports US dollar deposits and withdrawals, free from exchange risk

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