Swiss based Falcon Bank Introduces Crypto Transfer and Withdrawals for Bitcoin (BTC), Litecoin …

Swiss based Falcon Bank Introduces Crypto Transfer and Withdrawals for Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash (BCH).

Swiss private bank Falcon has introduced direct transfers of select Cryptocurrencies for both private and institutional clients according to a Press Release released on January 21st.

50-year-old Falcon private bank will allow direct transfers of Cryptocurrencies “to and from segregated Falcon wallets” and also allows its clients to convert their Crypto to fiat hence making the assets “fully bankable”.

The Falcon wallet currently supports four Cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH). Falcon claims to have a proprietary custody solution audited and reviewed by independent providers.

In addition the bank also its clients to include digital assets portfolio statements as well as tax reporting documents. Falcon also boasts of being compliant with the local KYC and AML regulations.

Martin Keller, CEO Falcon Private Bank said:

“Falcon has once more seized the opportunity to demonstrate its expertise as a market leader in the digital assets space by merging traditional private banking services with innovative financial solutions.”

Falcon claims to be the first mover in Blockchain banking and is doubling down on Cryptocurrencies. The Zurich based bank first obtained approval from Swiss regulator FINMA in 2017 for Bitcoin asset management.

FINMA recently published Fintech guidelines for Blockchain and Crypto based companies starting 2019. According to FINMA, the guidelines have “relaxed requirements” and allows companies to accept public deposits up to $100 Million.

Image Source: Flickr

Also Read:

Amazon of Japan, Rakuten, likely to introduce Bitcoin payments

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Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support

Over-the-counter marketplace Bitquick has announced the company is now supporting multiple cryptocurrencies and has officially added bitcoin cash …
Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support
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5 hours ago

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Jamie Redman

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Over-the-counter marketplace Bitquick has announced the company is now supporting multiple cryptocurrencies and has officially added bitcoin cash (BCH) to the platform. Now cryptocurrency users can purchase BCH in as little three hours as traders buy and sell coins in a peer-to-peer fashion.

Also Read: Regulations Have Ruined the Physical Bitcoin Industry

Bitquick Exchange Adds BCH Support

Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash SupportBitcoin cash fans were pleased to hear the marketplace Bitquick.co has integrated BCH support into the over-the-counter (OTC) marketplace. Bitquick was established in August of 2013 and is now owned and operated by the cryptocurrency ATM network Athena Bitcoin. Bitquick also made headlines in 2014 by being the first cryptocurrency marketplace to provide proof of reserves after the Mt. Gox scandal. The application is comparable to the peer-to-peer platform Localbitcoins as it allows buying and selling of bitcoin core (BTC) and now BCH by following a few straightforward steps. Bitquick has been used by traders to convert both digital assets to fiat or fiat to crypto in the U.S., Canada, Europe, Russia, and Australia. The company also operated an OTC cryptocurrency operation called Altquick.co but closed the business three years ago.

“We’re glad to announce that we are now supporting multiple cryptos again; please welcome bitcoin cash to the platform,” Bitquick explained in its blog post this week.

In order to buy BCH using the platform, simply select which cryptocurrency you want to purchase via the quick buy form. Alternatively, browse the filters on the buy page to find available BCH offers on Bitquick. The company references the price from the Bitcoin Average data site and charges an additional 3 percent fee for BCH buys, which is included in the BTC/BCH exchange. Bitquick has detailed the buying process is no different to the traditional method, except users need to provide a receiving BCH address. After reserving a BCH purchase, the buyer then proceeds to make the payment and needs to provide proof of payment from the financial institution or a receipt photo. As soon as the payment confirmation is verified, users receive the BCH within three hours or less, although Bitquick payments made with Moneygram or Western Union can take up to 24 hours.

Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support

Multi-Signature Escrow and Less Regulation

Bitquick is considered ‘relatively decentralized’ as it offers a multi-signature escrow system like Localbitcoins which means in the U.S. it isn’t subject to draconian regulatory requirements. But the organization says it strictly follows KYC requirements and tiered transaction limits to prevent bad actors from trying to game the Bitquick system. The business is allowed to operate in 49 states in the U.S., but does not operate in New York. Bitquick doesn’t keep clients’ private keys on the platform’s servers and they are generated through the escrow settlement.

Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash SupportBitquick purports to be less of a target for hackers as they do not store the client’s private keys. The only time that Bitquick has funds is when they are completing an escrow transaction. The company also claims to be one of the first OTC platforms to introduce P2SH (Pay To Script Hash) multi-signature addresses which allow customers to trade up to $250,000.

Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support

After adding BCH to the Bitquick platform and support for multiple cryptocurrencies, the company is looking for feedback for the next coin it will support. The firm has constructed a survey for traders to fill out if they are interested in selling cryptos other than BTC and BCH on Bitquick. The platform joins another Localbitcoins alternative for BCH investors called Localbitcoincash.org. Localbitcoincash launched in October 2017 and also offers an online cryptocurrency swap system that’s similar to the Shapeshift application.

What do you think about Bitquick adding bitcoin cash (BCH) to the OTC platform? Let us know what you think about this subject in the comments section below.

Disclaimer:Readers should do their own due diligence before taking any actions related to the mentioned companies or any of their affiliates or services. Bitcoin.com and the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


Images via Shutterstock, and Bitquick.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

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Bitcoin Cash SV (BCHSV) Price Up 39.5% Over Last Week

Bitcoin Cash SV (CURRENCY:BCHSV) traded 70.9% higher against the US dollar during the 1 day period ending at 11:00 AM E.T. on January 21st.

Bitcoin Cash SV (CURRENCY:BCHSV) traded 70.9% higher against the US dollar during the 1 day period ending at 11:00 AM E.T. on January 21st. During the last week, Bitcoin Cash SV has traded up 39.5% against the US dollar. Bitcoin Cash SV has a total market cap of $0.00 and $630.20 million worth of Bitcoin Cash SV was traded on exchanges in the last 24 hours. One Bitcoin Cash SV coin can currently be purchased for approximately $118.46 or 0.02991990 BTC on popular cryptocurrency exchanges including Bitbns, SouthXchange, Altcoin Trader and CoinZest.

Here is how similar cryptocurrencies have performed during the last 24 hours:

  • Mixin (XIN) traded 0.5% higher against the dollar and now trades at $99.35 or 0.02782291 BTC.
  • Fusion (FSN) traded up 1.4% against the dollar and now trades at $0.35 or 0.00009727 BTC.
  • Litecoin Cash (LCC) traded 2.9% higher against the dollar and now trades at $0.0087 or 0.00000245 BTC.
  • Bitcoin Atom (BCA) traded up 24.7% against the dollar and now trades at $0.22 or 0.00006025 BTC.
  • Sakura Bloom (SKB) traded 3.3% lower against the dollar and now trades at $0.0014 or 0.00000039 BTC.
  • Distributed Credit Chain (DCC) traded down 11.2% against the dollar and now trades at $0.0011 or 0.00000031 BTC.
  • Bean Cash (BITB) traded 5% higher against the dollar and now trades at $0.0010 or 0.00000027 BTC.
  • XinFin Network (XDCE) traded 3.7% higher against the dollar and now trades at $0.0006 or 0.00000017 BTC.
  • DAO.Casino (BET) traded down 16.1% against the dollar and now trades at $0.0107 or 0.00000300 BTC.
  • Measurable Data Token (MDT) traded 1.5% lower against the dollar and now trades at $0.0039 or 0.00000109 BTC.

About Bitcoin Cash SV

Bitcoin Cash SV is a coin. It was first traded on November 15th, 2018. Bitcoin Cash SV’s total supply is 21,000,000 coins. The official website for Bitcoin Cash SV is bitcoinsv.io. Bitcoin Cash SV’s official Twitter account is @nChainGlobal.

Buying and Selling Bitcoin Cash SV

Bitcoin Cash SV can be traded on these cryptocurrency exchanges: Bitbns, Korbit, CoinEx, DragonEX, OTCBTC, Coinsuper, Bithumb, BigONE, Huobi, Trade Satoshi, Kraken, Koinex, Gate.io, HitBTC, FCoin, Bibox, Binance, Coinbit, WazirX, CoinBene, Kucoin, BX Thailand, OKEx, Cobinhood, Coinsquare, ZB.COM, CoinZest, Bitfinex, SouthXchange, Indodax, Hotbit, YoBit, MBAex, Bittrex, Bit-Z, Altcoin Trader, Bitkub, Poloniex, IDAX, Upbit and Bitrue. It is usually not possible to purchase alternative cryptocurrencies such as Bitcoin Cash SV directly using US dollars. Investors seeking to trade Bitcoin Cash SV should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Bitcoin Cash SV using one of the exchanges listed above.

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Binance Announces New Addition of a Few BCHABC and BCHSV Bitcoin Cash Fork Trading Pairs

One of the biggest exchanges in the crypto ecosystem, Binance, has recently announced that they will be adding more trading pairs to the existing …
Binance Announces New Addition of a Few BCHABC and BCHSV Bitcoin Cash Fork Trading Pairs

One of the biggest exchanges in the crypto ecosystem, Binance, has recently announced that they will be adding more trading pairs to the existing trading pair list.

#Binance Will Add Additional Trading Pairs for BCHABC and BCHSVhttps://t.co/68aHoHa3l9pic.twitter.com/3Jh1GwKP6f

— Binance (@binance) January 21, 2019

Starting at 2019/01/22 10:00 AM (UTC), Binance will open trading for BCHABC/TUSD, BCHABC/PAX, BCHABC/USDC, BCHSV/TUSD, BCHSV/PAX and BCHSV/USDC trading pairs. Earlier one could only trade using BTC and the stablecoin Tether (USDT).

As usual, the announcement attracted criticisms from the users who are still angry about the hardfork which is said to have worsened the crypto winter. A user said

“How about delisting instead?” To which another realized, “Exactly, please delist it, all bitcoin fork is a scam.”

Even though, many were not too excited about the listing some did seem a bit happy, especially with having an option of additional stable coins.

Both BCHABC and BCHSV have been the center of controversies. However, many traders are using these controversies, which has led to increased volatility when compared to other coins, for their profits. It is only those traders that will be excited by this announcement.

Bitcoin SV, which has fallen behind even TRON with a market cap of $1.3 Billion, sees very less trading. The daily trading for SV is a meager $50 million. BCHABC is still doing a bit better with a daily trading volume of over $200 million and is ranked 4th when it comes to market cap.

PotCoin (POT) Price Reaches $0.0177 on Top Exchanges

PotCoin (POT) Price Reaches $0.0177 on Top Exchanges … Ethereum Classic (ETC) traded down 0.4% against the dollar and now trades at $4.28 or …

PotCoin logoPotCoin (CURRENCY:POT) traded up 2.2% against the dollar during the 1 day period ending at 10:00 AM E.T. on January 21st. Over the last seven days, PotCoin has traded 32.3% higher against the dollar. One PotCoin coin can now be bought for $0.0177 or 0.00000495 BTC on cryptocurrency exchanges including Poloniex, Bleutrade, Bittrex and Tux Exchange. PotCoin has a market cap of $3.93 million and approximately $7,287.00 worth of PotCoin was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • Bitcoin (BTC) traded 0.4% lower against the dollar and now trades at $3,583.57 or 1.00000000 BTC.
  • Ethereum (ETH) traded 2% lower against the dollar and now trades at $117.53 or 0.03284921 BTC.
  • Bitcoin Cash (BCH) traded 0.6% lower against the dollar and now trades at $122.82 or 0.03432910 BTC.
  • Litecoin (LTC) traded 0.2% lower against the dollar and now trades at $31.26 or 0.00873676 BTC.
  • Monero (XMR) traded up 0.1% against the dollar and now trades at $44.31 or 0.01238367 BTC.
  • Ethereum Classic (ETC) traded down 0.4% against the dollar and now trades at $4.28 or 0.00119641 BTC.
  • Zcash (ZEC) traded down 0% against the dollar and now trades at $52.64 or 0.01471164 BTC.
  • Dogecoin (DOGE) traded down 0.9% against the dollar and now trades at $0.0021 or 0.00000058 BTC.
  • Bitcoin Gold (BTG) traded 1% lower against the dollar and now trades at $11.14 or 0.00311233 BTC.
  • Steem (STEEM) traded 7.9% higher against the dollar and now trades at $0.39 or 0.00010765 BTC.

About PotCoin

PotCoin (CRYPTO:POT) is a proof-of-work (PoW) coin that uses the ProofofStakeVelocity hashing algorithm. It was first traded on January 21st, 2014. PotCoin’s total supply is 221,606,256 coins. The Reddit community for PotCoin is /r/potcoin and the currency’s Github account can be viewed here. PotCoin’s official message board is steemit.com/@potcoin. The official website for PotCoin is www.potcoin.com. PotCoin’s official Twitter account is @PotCoin and its Facebook page is accessible here.

PotCoin Coin Trading

PotCoin can be bought or sold on these cryptocurrency exchanges: Tux Exchange, Poloniex, CoinExchange, Bittrex, Trade By Trade, Cryptopia and Bleutrade. It is usually not presently possible to buy alternative cryptocurrencies such as PotCoin directly using U.S. dollars. Investors seeking to acquire PotCoin should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy PotCoin using one of the exchanges listed above.

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