On August 23, 2018, Belize-based RoboForex broker announced that it has launched a new service relating to the use of cryptocurrencies. Now, RoboForex traders can deposit Bitcoin (BTC) accounts via other cryptocurrencies. The amount deposited via this Altcoin will be converted automatically to BTC, according to the exchange rate at the time of deposit.
RoboForex supports more than 40 different cryptocurrencies for depositing into BTC accounts. Of course, popular cryptocurrencies such as Bitcoin Cash (BCH), Ethereum (ETH), Dash, Litecoin (LTC), and NEO are among the alternative coins that can be used.
For Cryptocurrencies, RoboForex Wins Wallet Features
Reporting from Leaprate, the RoboForex broker sees a big opportunity in the use of cryptocurrency by its traders. Denis Golomedov, Chief Marketing Officer of RoboForex, states that:
"Many of our traders are transacting and depositing their account funds in various cryptocurrencies. Now, they can use these Altcoins to deposit into their BTC accounts. The solution we offer traders aims to convert their assets into BTC, and make the flow easier funds in the system."
RoboForex is one of the brokers supporting cryptocurrency technology's growth by continuously adding Altcoins to its trading instruments. After offering BTC as one of the trading instruments in early 2018, the innovation "RoboForex Wallet" was introduced in May 2018.
The "RoboForex Wallet" feature is a facility that allows traders to buy BTC, carry out trading operations between cryptocurrencies and fiat currencies, as well as deposit profits from the difference in BTC prices through this virtual wallet. However, keep in mind that funds stored in BTC accounts cannot be withdrawn with fiat money.