Cryptocurrency platform MEXC Global announced on Wednesday that it launched the Global Bank Transfer Program for USD deposits via the SWIFT & FedWire transfer networks.
The MEXC Global announcement states that users worldwide can now purchase crypto using USD deposits and withdrawals from local banks with 0 transaction fees.
This action will greatly improve the ease of access for MEXC clients globally. It also will allow MEXC Global to quickly expand its operations in 170 countries. According to Coinmarketcap, MEXC Global is currently ranked 17th amongst all exchanges.
SWIFT and Fedwire will support MEXC Global users in most regions in the world. SWIFT transfer allows users to buy crypto from over 100 countries, while Fedwire allows users to buy crypto through their bank accounts.
What is SWIFT & FedWire?
SWIFT and FedWire offer new options for users to deposit funds directly into their MEXC account, without additional high fees and exchange rates.
Almost every bank in the world belongs to the SWIFT or FedWire system. This means most MEXC users with bank accounts can take advantage of the 0% deposit fees associated with fiat deposits from those channels.
SWIFT is a Belgian cooperative society providing services related to the execution of financial transactions and payments between banks worldwide.
Fedwire is a real-time gross settlement funds transfer system operated by the United States Federal Reserve Banks that allows financial institutions to electronically transfer funds between its more than 9,289 participants.
Great Benefits to MEXC Global
The incorporation of SWIFT and FedWire on MEXC has created a new level of connectivity between MEXC and crypto communities worldwide.
It is simple to top up your MEXC balance via transfers by Swift or FedWire. To access these features, users will need to complete the Advanced KYC process. Users have the choice of using either their international bank or US bank to process payment.
Since the official launch of the OTC payment service, MEXC has been continuously prioritizing and improving our users’ trading experience. In addition to P2P trading, MEXC users also have the option of utilizing third party services like Simplex, Banxa and Mercuryo to buy their crypto.
And now, through the direct deposit of funds through SWIFT and FedWire, the convenience of the system has been further enhanced and users can enjoy a world-class trading experience.
The simplified process of purchasing crypto with fiat currency through SWIFT and FedWire has allowed MEXC to accelerate the globalization of crypto trading.
About MEXC Global
Established in April 2018, MEXC Global is a leading cryptocurrency exchange with the mission of “User first, Service foremost”. The platform is dedicated to helping users around the world access and trade the latest best-in-class digital assets. Find Your Next Moonshot, at MEXC.