CEX.io now allows customers to deposit and withdraw USD via bank transfer. Its new American bank partner made possible the relaunch of USD bank transfers.
Bitcoin exchange CEX.io has relaunched its USD bank transfer services, enabling its customers to deposit and withdraw USD conveniently once again.
CEX.io shared the news on its official blog last 21 February 2019 and announced that a new partnership with an American bank had helped the company re-introduce USD wire deposits and withdrawals.
— CEX.IO (@cex_io) February 21, 2019
Customers who will deposit USD via bank transfer will enjoy commission-free transactions. There will be a fee for all USD wire withdrawals though. The withdrawal fee is one percent of the sent amount or at least $50.
CEX.io noted that payment processing may experience delays. The company expects this scenario within the first month of the new service’s operation. As a result, customers may wait two to five business days to complete the transfer process.
The company, however, assures everyone that normal and hassle-free operation will resume once all system configurations are complete.
Although not disclosed, the American bank is reportedly a member of “an international network of companies that provide clients with stable financial services.”