Vertbase to launch Euro and GBP trading for digital currencies on May 1, 2019
Vertbase is excited to announce that as of May 1st, 2019, customers in Europe will be able to buy digital currencies with the Euro and British Pound. Direct purchases will be enabled for all digital currencies listed on Vertbase; which include DigiByte, Litecoin, Vertcoin, Bitcoin, Decred, Dogecoin, Navcoin, and Ravencoin.
Our mission at Vertbase is to provide a fiat gateway to digital currencies and assets not supported by industry leaders. Vertbase launched in the United States on September 1, 2018, with Vertcoin as the first currency listed on the platform.
Vertbase was founded by CEO Justin Seidl after realizing how convoluted, expensive and time consuming it was to acquire alternative digital currencies from traditional exchanges. As an active member of the Vertcoin community, Justin decided to tackle the problem head-on and build an easy to use platform similar to Coinbase to provide the public with access to alternative digital currencies that are difficult to acquire.
Enabling the purchasing of digital currency with the British Pound and Euro was an important goal for Vertbase in its mission to improve access to numerous digital currencies and assets for consumers worldwide. With our expansion to British and European markets, we hope to make a positive impact on the industry and the projects which we support within the industry.
How Vertbase Works
One difference in the Vertbase platform in contrast with similar competitors is our non-custodial solution. This means we do not hold customer’s fiat or digital currencies in our possession. During the order process customers input their preferred wallet addresses and save them against the associated coins they wish to purchase.
When a buy order is placed, customers are quoted instantly with a purchase price. Once the order is confirmed, the quoted price is locked in. The customer then authorizes the transfer of fiat funds to Vertbase. When funds are received, the ordered assets are automatically sent to the private wallet address provided by the customer.
Initial Supported Countries
Purchasing digital currencies with the Euro and British pound will be available on the Vertbase platform per May 1st. At launch, trading will be available in the following countries and some of the selected banks below.
- AIB Group
- Bank of Ireland
- Barclays Bank Plc
- HSBC Group
- Lloyds Banking Group Plc
- Nationwide Building Society
- Danske Bank
- The Royal Bank of Scotland Group Plc
- Santander UK Plc (in Great Brittain and Northern Ireland)
- Think Money group
- Nearly all German banks are supported at launch (~3,155)
Initially, the services will be available for the countries listed and will be expanded to the remaining European Union countries and banks over the coming period. Due to the open-banking rollout in Europe being delayed.
In addition to the European countries mentioned above, Vertbase is available to all U.S. residents with the exemption of those living in the following states, AK, CT, HI, ME, NC, NH, NM, NY, RI, VT, and WA.
We believe at the nucleus of every digital currency is its community, and vital to the assets overall success. Communities have been forgotten by the industry and we are committed to cultivating the digital currencies we support. The digital currencies and assets we list are built on strong communities, and every time a trade is made, the coin’s community will earn alongside us.
Please reach out to us to firstname.lastname@example.org for any questions or remarks, we are always happy to connect.
American Trade Exchange, Inc., the company which operates Vertbase is registered as a Money Services Business with FinCEN, 31000120483650. Vertbase is required to comply with several financial regulators and consumer protection laws, including The Bank Secrecy Act and the Patriot Act. Customers using the Vertbase platform are required to comply with our KYC and AML identity checks.