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Screenshot of a breaking news alert e-mail from Q2 2017
RoboForex, the Belize-based unit of the Retail FX brokerage group, has announced that it is introducing an opportunity for clients to buy Bitcoin (BTC) for fiat money.
RoboForex stated that this innovation will allow the company’s clients to buy BTC, perform trading operations with this asset, and convert the cryptocurrency back to fiat money. Along with an opportunity to buy Bitcoin, RoboForex clients can benefit from the difference of BTC exchange rates. Clients are not obliged to trade cryptocurrency – they can merely deposit funds to their Bitcoin accounts and receive profits in case of the asset growth.
This innovation from RoboForex is actually similar to the exchange Bitcoin wallet, but has several essential differences and advantages, including:
- Depositing/withdrawing funds via many payment systems, including bank cards.
- Guarantee of funds security. RoboForex is a regulated broker, which has been successfully operating on the market for more than 8 years.
- Quick funds withdrawal.
- Opportunity to trade any currency pairs on Pro-Standard, ECN-Pro NDD, and Prime accounts using Bitcoin.
With these new opportunities to buy the cryptocurrency and deposit funds to Bitcoin Wallets, providing access to a new product to RoboForex clients, allows investment in Bitcoin quickly and securely.
However, it should be clear that the new product is not intended for conversion of the cryptocurrency into fiat money. A client who deposited in his account in BTC cannot withdraw funds from the account in fiat currency. This is only available to the assets, which were acquired from the company when deposited to the account or earned when trading on it.
Denis Golomedov, Chief Marketing Officer at RoboForex, believes this is a positive step towards adapting the revolutionary currency in today’s market:
Providing the ability for clients to deposit into their accounts in Bitcoin is not only an additional service, which expands clients’ opportunities, but also a standalone product, which significantly dominates over its market counterparts. Security has become very significant issue recently, as more and more information appears about hacking cryptocurrency exchanges and stealing users’ assets. Using the cryptocurrency is much more convenient and safer for clients within the framework of their trading and investment activities using products and services provided by a regulated broker.