Austrian Exchange Coinimal announces the commencing of Ethereum trading

During the last couple of months, the Ethereum project has become increasingly more popular, due to its smart contracts service, and the simple fact that it provides an interesting alternative to bitcoin.

According to recent reports, Coinimal, a popular Austrian bitcoin exchange is launching a new feature, meant to allow customers to Ethereum. This announcement comes after Ralph Pichler, an Ethereum expert has joined the start-up’s team.

Regardless of Ethereum’s growing popularity, most exchange services are structured around selling BTC for ETH and vice versa. The Coinimal feature will allow traders to sell, and withdraw funds directly via their bank accounts. However, in the near future, a couple of more exchanges including Coincheck and Bitfinex will reportedly begin offering Litecoin and Ethereum support.

So far, Coinimal has focused on giving its users a service based on speed and simplicity. Based on this, they offer nine payment methods, including SEPA, PayPal, NETELLER and Skrill. Together with this, customers will also be able to cash out their Ethereum via Amazon.de vouchers, which can then be used to buy whatever products they wish on the German Amazon marketplace.

Verification is still being taken quite seriously. In a recent blog post, Coinimal stated that ‘For new users, getting started with Coinimal has been made as straightforward as possible – particularly verification, which can be carried out in minutes via webcam chat. Unverified accounts can still sell up to €1,000 of crypto per day, with a total limit of €30,000.’

Based on everything that has been outlined so far, what do you personally think about Coinimal’s announcement? Let us know your thoughts in the comment section below.

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Source: Coinimal