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Bitcoin exchange allows fund withdrawals via Visa and MasterCard

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BTC-e, a Bitcoin exchange, and listed member on CoinDesk posted news today that it will have a new program available to customers to withdraw funds to Visa and MasterCard debit and credit cards, minus a few exceptions, reported CoinDesk.

The posting on the Bulgarian BTC-e blog noted that the new program is now available to customers in any country, any currency at a 5% fee for the service.

BTC-e posted the rules of transfer on its blog: ‘If your card is not in USD, the money will be converted at the rate VISA / MasterCard or your bank’s rate (depending on the agreement with your bank).’

BTC-e stated that the expected wait time to receive funds will be 2-4 days. Pay Pal associated with Master Card will not be available in this program. To clarify eligibility BTC-e posted, ‘Some credit cards that do not allow [you] to have a positive balance cannot be funded. If payout to your card is not possible, then we will immediately notify you and refund the money back to your account.’

There has been nervousness since the Mt.Gox filing of bankruptcy last February. BTC-e indicated in late February immediately after the bankruptcy announcement that it would try different fee scales and ability to obtain fund withdrawals.

BTC-e was the second largest Bitcoin exchange after Mt.Gox but now the largest after the bankruptcy changes the pecking order. Its founders, the mysterious owners, are supposedly called Aleksey and Alexander, but like the creator of Bitcoin, Satoshi Nakamoto, they may be pseudonymous, and they may or may not be young or old, Eastern European or not.

Its domain name is managed on the web by an Australian domain-hosting company on the outskirts of New Zealand’s capital city, Wellington. An Indian company with an office in England supplies support with content in English and Russian. There are no phone numbers or other contact information.

Bitcoin is not diminishing in followers despite the bankruptcy of Mt.Gox. Investors of the cryptocurrency are still searching in numbers for Bitcoin to buy trade and use for purchase. Yesterday, 150 people attended a Bitcoinference, a half-day event devoted to venture capital and cryptocurrency, on Thursday March 20th in Mountain View, California. The increasing ratio of women buying Bitcoin was given its own panel discussion and the agreement was that Bitcoin is changing as it becomes more evolved. More women are finding an attraction to its expanding use as e-commerce and retail accept it.

To find more about Bitcoin view the list below in Author’s suggestions and the video atop this article.

Twitter: Victoria Wagner@victoriaross888

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