For those of you who have been around BitShares for a while you will know that the main fiat on/off-ramp for the DEX hasn't been operational for quite some time. Eventually, Openledger will reopen their gateway, but finally you don't have to wait any longer.
If you're tired of paying high fees to Coinbase or other fiat on-ramps then look no further than the brand new EasyDEX.
Right now, you can deposit USD and EUR for no fee at all, up to $5000 USD per month for unverified users. (Wire transfer fees charged by your bank are compulsory) To withdraw fiat, you only have to pay a 2% fee which is wicked low.
If you need to deposit more per month then they offer a simple KYC process that apparently takes 2-3 days to be approved. Once approved you will be able to deposit and withdraw in increments of up to $10,000 USD. If you were to go over $10,000 the bank would require additional paperwork and who likes the burden of additional paperwork? Not this guy.
You will need the following info to process a wire transfer.
Dvadeset E Chetvarta 25
Meninkyovo, 4482, Bulgaria
For more details you can read this article.
EasyDEX is the first gateway to provide a legit account recovery system for BitShares. So if you forget your password you won't lose access to your account. This is major news as well so pass it along.
Could there be more?
BitShares just set another transaction volume record with 1,598,882 transactions processed in a 24 hour period. All of that without breaking a sweat.
Things are really coming together for BitShares. I hope you don't miss the train.
I just sent $100 USD via TransferWise and they only charged me $1.74 in fees. They are converting my USD into EUR so 83.17 EUR will arrive in my BitShares account later today, May 17th, 2018. (That's same day delivery)
When using TransferWise please enter the BTS address you want the funds to arrive at in the "Reference" field.
If you want to use TransferWise yourself then please use this link. https://transferwise.com/u/kevinm105