Bittrex, a cryptocurrency exchange based in the U.S., announced on Saturday it is now accepting Mastercard as a source for funding user accounts. Bittrex reported that it will accept Mastercard payments from 36 countries across Africa, Asia, Europe, Latin America, and the Middle East subject to a 3% processing fee. Depending on the country deposits are made from, daily and weekly funding limits vary between $2,500-$10,000 USD/EUR and monthly limits between $7,500 and $50,000 USD/EUR.
“The move to accept Mastercard to fund accounts on the Bittrex Global exchange platform supports the company’s goal of increasing adoption and accessibility to distributed ledger technology. More users worldwide will be able to choose the payment method that is most convenient to them to fund their accounts and trade cryptocurrency and other digital assets on the platform.”
Bittrex then added in order to fund an account using a Mastercard, users must choose to make a credit card deposit to their holdings, select the desired amount, and input their Mastercard details. Some payment transactions may require additional authentication through the 3DSecure security protocol. This verification process is bank-specific.
Founded in 2014, Bittrex claims to be a leader in the “blockchain revolution.” The crypto exchange provides trading execution, digital wallets, and security practices.
“Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change.”