RIYADH: BitOasis, one of the Middle East & North Africa’s (MENA) leading online crypto asset trading platforms, has announced that it has become the first crypto exchange in the UAE to set up a local bank funding option for users.
This will enable all UAE-based users of BitOasis to locally transfer funds from their bank account to their BitOasis account free of any charges, it said in a statement.
They will also be able to make zero-fee withdrawals from their BitOasis account to their UAE bank account in addition, the process of moving funds to their account will now be easier and faster.
“We are constantly looking for new ways to simplify buying and selling of crypto assets for our customers, by becoming the first crypto asset exchange in the UAE to set up local funding options," Ola Doudin, CEO and co-founder of BitOasis said.
"We are hoping to bring an unparalleled level of ease and efficiency to how people buy, sell and trade crypto assets while providing higher levels of consumer protection and staying compliant through working with local partners,” Doudin added.
It also introduces a brand new ‘Easy Funding’ facility which will allow the platform’s users to complete their zero-fee local deposits from within the BitOasis mobile app or website, according to the statement.
