First Fiat-to-Crypto Exchange Binance Uganda Opens for Deposits and Withdrawals

[fitload]

The world’s largest cryptocurrency exchange has just revealed that its first fiat-to-crypto exchange will open in Uganda this week, the company reveals Monday, Oct. 15. Binance Uganda will also begin standard Know Your Customer (KYC) procedures.

The exchange will initially support trading Ugandan Shillings (UGX) with Bitcoin (BTC) and Ethereum (ETH), with more trading pairs to be added. Users are exempt from trading fees during the first month.

Binance announced the launch of Binance Uganda four months ago, in June 2018. As promised, Binance Uganda users, during the first month of trading, will have zero trading fees.

As per Binance Uganda’s press release, the new branch will officially start accepting deposits and withdrawals of Ugandan shillings (UGX) Wednesday, Oct. 17. Binance Uganda notes...

Read More: https://news.bitzamp.com/first-fiat-to-crypto-exchange-binance-uganda-opens-for-deposits-and-withdrawals/