Nubank, Brazil’s largest digital bank, has launched its Bitcoin buying and custody service for over 53 million customers.
Fintech company Nubank, backed by Warren Buffett, talked about how they will introduce the Bitcoin purchase option in stages in a blog post published in May 2022. The company also owns Bitcoin. treasury allocation performed. With the blog post updated last Monday, the bank is officially Activate the new feature explained. In the statement, it was stated that all Nubank users can now buy Bitcoin and access the “Nubank Crypto” tab.
The Brazilian company used the following statements in its blog post:
We now offer the option to purchase cryptocurrencies through Nubank for all our customers. Don’t forget to update your app to buy cryptocurrencies.
According to statistics, customers of Nubank, the most widely used banking platform by Brazilians in 2021, are now can buy and sell Bitcoin instantly through the crypto section. However, users can not use their Bitcoins purchased through the bank. There is currently no chance to withdraw to an external wallet.
Nubank for every trading transaction a low transaction fee taking. The rate of this transaction fee, although it varies around 0.02% watching. The Nubank Crypto application also provides its users with a short “What is Bitcoin” tutorial It also offers a chance to get
According to a report by CNBC in February, the cryptocurrency-friendly bank was created by billionaire Warren Buffett. 1 billion dollars worth of investment. To customers of major players in the banking system To provide the best cryptocurrency trading service being competitive, especially against cryptocurrencies in Brazil regulation steps has accelerated. The country’s House of Representatives has passed the revised cryptocurrency bill. It is set to vote in the coming weeks.