Leading cryptocurrency exchange Bittrex Global has announced that it will now accept Mastercard as a source for funding user accounts. The well-known trading platform 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–$50,000 USD/EUR. The Mastercard funding option joins a diverse list of previously accepted payment forms including Visa, debit cards, and USD wire transfers.
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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.
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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 via the 3DSecure security protocol. This verification process is bank specific. The funds are credited to a user’s wallet after the transaction is processed and approved.
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