EQS-News: Bitgamo S.A.
/ Key word(s): Cryptocurrency / Blockchain
No KYC Crypto Exchange to bring 150 ATMs in Asia
Bitgamo, the world’s first no KYC exchange for crypto to fiat exchange, is all set to open 150 crypto ATMs across Asia. Official sources reveal that these new crypto ATMs will be installed by February 2024 in Australia, Japan, Hong Kong and Indonesia. As part of the company’s rapid expansion strategy, Bitgamo has recently announced plans to open 75 more cryptocurrency ATMs throughout Europe in 2024.
Bitgamo has already become a highly preferred destination for the crypto community because of the company’s no KYC exchange policy. A company registered in Luxemburg, Bitgamo declares cryptocurrencies as commodities, in accordance with the law of its home country. As a result, the company is not legally obligated to request documents from clients selling crypto on the platform. This also allows Bitgamo to sell crypto as commodities in countries that have strict regulations related to crypto.
Another major advantage of Bitgamo over other exchanges is its unmatched exchange value for Bitcoin, Litecoin, and Ethereum. The rates available in this exchange are up to 10% higher compared to all other exchanges. To offer the best exchange rate to users, Bitgamo redistributes crypto through countries where acquiring crypto or investing in it is difficult because of regulatory restrictions. The company informs that it will continue to offer the best market rates for crypto to fiat transactions through all its new crypto ATMs.
"We are thrilled to be able to offer this innovative service in Australia, Japan, Hong Kong and Indonesia. The addition of our ATMs will make it super easy for users to sell crypto, and we are confident that they will be valuable resources for the thriving crypto communities in these countries," said Gabriel Weber, Director of Communications from Bitgamo.
About Bitgamo: Bitgamo is a cryptocurrency exchange that was established in 2020 by a reputable financial firm with the goal of addressing privacy-related problems while introducing the advantages of cryptocurrencies in nations where it is challenging to purchase or possess them. Bitgamo offers up to 10% higher crypto to fiat rates than the market price by dispersing cryptocurrencies through numerous third parties.
19.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
1728867 19.09.2023 CET/CEST