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Coinify Adds BCH and Rebrands!

Coinify Adds BCH and Rebrands!

February 14, 2019 2:31 pm,

Conify is a Copenhagen based cryptocurrency exchange and payment provider, has announced the introduction of three virtual currencies to its buy and sell platform. Users can now purchase Bitcoin Cash (BCH) plus altcoins XLM and BSV directly with bank transfer or credit card as well as introduced an overall rebranding of its trade service for private individuals. They are also planning to rename their individual trading platform, formerly known as Buy and Sell, to myConify.

The CEO and co-founder Mark Hojgaard said that the newly added coins which start trading tomorrow were part of plans to support a total of 15 digital exchange by the end of this year. Ethereum was added to the platform late last year. The development which means that the users can buy BCH, XLM and BSV without having to first purchase BTC, also dovetails with Coinify’s ambitions towards improving crypto based payments. The exchange has a keen interest on assets that demonstrate tangible viability as a payment method as well as those with a strong community to support the coin’s use. BCH provides for one of the most efficient, fastest and cheapest payment options in the financial world, with average fess of half a cent for any amount transferred. The newly listed cryptocurrencies were aligned to the company’s internal compliance standards as well as to international regulation stating that “We are continually developing our services to support access to virtual currencies while taking an agnostic stance on the ecosystem. The real differentiator of Coinify is that we are not only offering low-cost bank transfers for buying these currencies, but users also have the option of instant purchases using all major payment cards. There just aren’t that many platforms out there that offer users direct card purchases of other virtual currencies, apart from [BTC].”

Meanwhile, the company has rebranded its individual trading platform and it comes as a part of Coinify’s extension of its payment offerings which seek to distinguish between its payments product suite for businesses and Mycoinify which is a B2C service for private individuals. It will focus only on the end users by providing them with a simple and compliant platform to buy multiple virtual currencies. The service is wallet agnostic and users can, therefore, store their virtual currencies the wallet of their choice. The addition of these coins is only the beginning of the exchange’s services. The team is planning to support 15 different currencies.  

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