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Does iLexExchange accepts bank transfer deposits?

iLexExchange now accepts bank transfer deposits in the E.U.

Estonia-licensed cryptocurrency trading platform, iLexExchange, is now accepting bank transfer deposits from users in the European Union. It’s a convenient way for crypto traders to deposit funds in their accounts.

iLexExchange traders in the E.U. can now make bank transfer deposits

Crypto traders from any of the Single Euro Payments Area (SEPA) region members can now use their bank accounts to deposit EUR currency to their iLexExchange accounts. To make a deposit, traders simply need to go to Account – EUR Deposit – then select the SEPA bank deposit they prefer. The bank transfer deposit feature is initially available only to E.U. crypto traders.

iLexExchange is an advanced crypto trading platform launched by TILA EXCHANGE OÜ (license number: FVR000200) in October. This platform that operates globally is also accepting other fiat currencies like U.S. dollars (USD), Philippine pesos (PHP), and Japanese yen (JPY), and traders can pair them to BTC, ETH, ETC, XRP, DASH, and LTC coins. iLexExchange recently suspended Bitcoin Cash (BCH) trading because of the “controversial BCH hard fork.”

Advantages of bank transfer deposits

Banking is still the most convenient, fastest and safest way to transfer funds for E.U. citizens. Bank account holders today simply use an e-wallet app in making fund deposits. However, crypto traders in the E.U. who don’t have access to banking institutions can always use an online account with functions similar to those of traditional banking.

Just recently, iLexExchange has also introduced a margin trading feature. The feature offers hedging and allows crypto traders to leverage their capital up to 10 times to increase the chance of earning a profit.

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