We are delighted to announce that Euro is now available for all verified users on Tokenomica! Users are now able to trade crypto-to-Euro and vice versa, deposit and withdraw Euro via a wire transfer. All fiat operations are fully compliant with the crypto regulation in Malta.
The traded fiat asset is the actual Euro, not some self-issued stablecoin. Last November, fiat operations were launched on Tokenomica using Single Euro Payments Area (SEPA) system for EU residents only. Right now, Tokenomica supports SWIFT Euro Payments as well.
Outside of providing a completely legal opportunity to exchange your crypto for fiat, we have managed to provide the lowest transaction fees for fiat payments possible:
Deposit fee — 0%;
Withdrawal fee — 0,50%;
Minimum deposit and withdrawal amount — 50 Euro.
Along with that, we are working on the new feature that will allow users to generate client reports on their trading operations. The new feature will allow users to obtain reports on their trading activities which can serve for tax, compliance, or other regulatory requirements. Client reports will be launched on Tokenomica this February.
Let’s take a closer look at the process.
To deposit Euro, you will need to choose the Euro card and press the “Deposit” button.
After pressing the “Deposit” button, you will receive bank details of Tokenomica’s bank account, used for deposit purposes.
Next, you will need to complete a wire transfer from your bank account to Tokenomica’s bank account.
Please note that you need to indicate your reference number in the “reason” field as well, otherwise your deposit will not be processed.
Usually, it takes from 3 hours to 1 business day to complete the deposit operation. Please note that EU banks won’t process transactions on non-working days.
Choose the Euro in your profile and press the “Withdraw” button.
Indicate your bank account details. Once you input your details, data can be saved as a template and used for future withdrawals. Please note that Euros can be withdrawn to your bank account only. Otherwise, the transaction won’t be completed.
The withdrawal transaction usually takes up to 2 business days to complete.
And that’s it! If you have any questions regarding fiat operations on Tokenomica, feel free to address your question to our support portal or our Telegram chat. Also, you can always check out our user guide if you face any complications using Tokenomica.