MyEtherWallet (MEW) Enables Fiat Withdrawal without KYC

MyEtherWallet (MEW) the famous Ethereum (ETH) wallet provider is now providing swap with your cryptocurrencies directly into fiat without KYC (Know Your Customer).

MyEtherWallet (MEW) partnered with Bity a crypto financial platform to enable the fiat withdrawals. Bity is a Switzerland based crypto platform that provides buy and sell of cryptocurrencies in the country.

MyEtherWallet (MEW) added a new swap option for fiat withdrawals. Users can directly change their Bitcoin (BTC) and Ethereum (ETH) and other Ethereum based tokens into euros (EUR) and Swiss francs (CHF). The current limit for fiat withdrawal without KYC is set to 5000 CHF approximately $5000 at the present exchange rate.

CEO and founder of MyEtherWallet (MEW), Kosala Hemachandra believes that this is a gamechanger in the cryptocurrency market. Most of the users in the crypto community does not want to share their details when buying and selling cryptocurrencies. 

CEO and Founder of Bity, Alexis Roussel said that they will verify the “proof of wallet ownership” without asking the users about personal details. Bity said that this is well regulated. Bity has a major share in the cryptocurrency ATMs present in Switzerland. 

Recently MyEtherWallet (MEW) launched version 5 (V5) wallet. The new wallet has a different and attractive UI. The wallet is made easy to use for new users. MEWconnect android and iOS app make it feasible to access and store cryptocurrencies in their smartphones.

This is really a big thing for the crypto community. Now users are not bound to compromise their identity to buy and sell Bitcoin and other cryptocurrencies. 

We are in it, to Win It.