VANCOUVER, British Columbia, March 04, 2019 (GLOBE NEWSWIRE) -- Netcoins Holdings Inc. (“NETC” or the "Company") (CSE: NETC) (OTC: GARLF) (WKN: 1WJ) is pleased to announce that it has launched sell side features and additional enhancements on its self-serve crypto app.
The Netcoins app, available at https://netcoins.app/, now boasts a faster KYC process for Canadians, the option to buy BTC and store it within their Netcoins account on app, BTC withdrawals to external wallets, and the ability to sell BTC directly into fiat on the app.
Improved KYC for Canadians
The KYC process for Canadians has been updated and split into two levels of verification.
Level 1 Verification: Ability to fund up to a total of CAD $3000 via bank wire, Interac e-transfer or a Bitcoin deposit.
Level 2 Verification: No limits on funding. Ability to redeem Flexepin, Neosurf and Netcoins vouchers.
Users are only required to go through email and phone verification, and submit their full name, address and date of birth to obtain Level 1 verification. Those looking to trade more than CAD $3000 on the Netcoins app must upload additional documents to obtain Level 2 verification.
This new and improved KYC process for Canadians reduces the barrier to entry, and will allow more users to easily trade crypto on the Netcoins app.
BTC Buy and Keep on App
Users now have the option to store the BTC they buy on the app within their Netcoins accounts. Users previously had to enter in an external wallet address when purchasing via the app.
BTC Withdrawals
Users that have BTC stored on the Netcoins app can also choose to simply withdraw their BTC into an external wallet if they do not wish to cash out to fiat.
Sell BTC
Netcoins users can now sell BTC they have stored on the app 24/7, and cash out immediately to a fiat balance on their Netcoins account.
No Fee Funding or Withdrawals
Netcoins is also proud to offer fee-free account funding, and withdrawals. This customer friendly feature makes it a lot easier, and cost effective, for customers to fund their account and get trading today.
“Adoption of the Netcoins app continues to grow, and I strongly believe that this round of new features and improvements will help further enhance the customer experience,” said Netcoins CEO Mark Binns. “The Netcoins team is working hard to provide ongoing updates and are making big strides in building a powerful and user-friendly self-serve crypto app. We look forward to adding the same features for a wider range of coins soon.”
About the Company
The Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. Netcoins enables crypto transactions via 171,000+ retail locations globally, a self-serve crypto purchase portal and an Over-The-Counter (OTC) trading desk.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Binns”
Mark Binns
CEO and Director
For Investor Relations Inquiries please contact Netcoins at 778.785.1175 or email ir@gonetcoins.com.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This information release contains certain forward-looking information. Such information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by statements herein, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it as well as other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by the Company in its public securities filings, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.