BTC Markets dumps BPAY minimum
Cryptocurrency investors no longer stuck with a $500 minimum trade.
Australian cryptocurrency marketplace BTC Markets has eliminated its $500 minimum for deposits made through the popular BPAY platform but has dropped deposits through rival POLi for now.
The firm confirmed the policy change in a tweet on Sunday. “The BPAY minimum of $500 no longer applies,” it said.
There’s a sting in the tale for local investors. While the BPAY limit has been lowered, BTC Markets has stopped supporting the Australian POLi payments platform.
Previously it allowed deposits through POLi, albeit with a $3.30 per transaction service charge, but that’s no longer the case. “We have suspended POLi deposits for now and are investigating other payment options,” its Twitter account confirmed.
BTC Markets has also upgraded its payments infrastructure, with rising demand for cryptocurrency services causing some delays in processing last week.
Enabling smaller BPAY deposits could open up the market for casual traders who want to experiment in the booming cryptocurrency economy but don’t want to make initial investments at that level.
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