Gus – Cryptocurrency Expert
Coinbase has added BNB Chain and Avalanche to its list of supported networks for consumers to trade for bitcoin transactions.
Coinbase introduced the new functionality in a blog post, claiming that it will provide clients access to thousands of tokens, far more than most traditional controlled cryptocurrency investment exchanges can offer.
Ethereum (ETH) and Polygon (MATIC), as well as BNB Chain (BNB) and Avalanche (AVL), are now supported (AVAX). Coinbase's in-app decentralised exchange is available to wallet clients who wish to trade on-chain (DEX) on four different networks
It is presently not feasible to bridge using tokens. Unlike Coinbase's centralised infrastructure, Coinbase Wallet allows clients to self-protect their bitcoin and access on-chain services. There are 173 tokens listed on Coinbase's market. In comparison to the thousands of Coinbase Wallet clients who now have access to the four networks, these numbers are negligible.
The technique of transmitting tokens between networks without utilising a centralised exchange is known as network bridging (CEX). Multichain and Wormhole are two of Coinbase's most popular token bridges.
Not only will trading be expanded, but network bridging will be added as well, enabling you to smoothly exchange tokens across several networks.
It has never been easier to buy bitcoin online. If you need any help to buy cryptocurrency, you can use trusted bitcoin cryptobroker – BC Bitcoin. It allows you to buy BTC and another cheap cryptocurrency with small fees.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards