Bitcoin trading and storage service Netagio now allows credit and debit card payments for funding your account.
Since launching its gold-inspired storage service just over one year ago, the company has shifted more focus onto its trading offering. Late last year, it got out of the gold business and added USD and EUR order books to its existing GBP-based market.
The company has not published statistics for its trading offering. Judging by the spread of £29.50 (21%) for its euro order book, volumes and liquidity are likely fairly low.
Asia Exchange Empowering Traders Through New OpportunitiesGo to article >>
The addition of the payment options, which are not found on most bitcoin exchanges, may give some traders incentive to make the switch. However, there are fees: 3.8% for cards registered in the European Economic Area (EEA) and 4.8% for cards that are not.
For traders that don’t mind acting as market makers, trading fees are only 0.1%. Such rates are better than average for the industry, albeit not so well known. Market takers removing liquidity from the market pay 0.5%.
The credit and debit card payments are being facilitated through WalPay, an Isle of Man-based payment processor which reportedly has strong banking relationships.