According to an official release, BuyUcoin, a digital asset exchange, announced that it will reimburse withdrawal fees for Indian users when they transfer their assets from offshore exchanges/wallets to their BuyUcoin account. It is believed that BuyUcoin has made the transfer of digital assets from offshore exchanges a hassle-free and no-cost.
Sources revealed that BuyUcoin will reimburse the withdrawal fees for users incurred during the transfer of assets from offshore platforms to BuyUcoin. It is believed that users need to submit proof of fees paid during the transfer of assets. After verification, BuyUcoin will reimburse the fees into the BuyUcoin wallets of respective users.
“A regulated environment can provide a level-playing field for all the players in the industry and create a security layer around India’s digital asset ecosystem with a focus on user protection,” Shivam Thakral, CEO, BuyUcoin, explained.
Furthermore, BuyUcoin is expected to offer a 1% bonus on the transfer of digital assets on its platform, as per insights from the official release.
