Cryptolists Compare 150 different deposit methods
Since many potential crypto investors struggle to find a way to get started, CryptoLists.com lists 150 different funding methods for people considering investing in digital assets. Customers can choose between crypto exchanges, the more advanced trading option, or go with crypto platforms that make it easy to buy or sell with one or two clicks.
Crypto investors never got more opportunities to start with hundreds of crypto financing methods. Currently available deposit options range from e-wallets to credit or debit cards, ranging from peer-to-peer transfers for beginners, while more advanced users may prefer to transfer cryptocurrencies to continue their crypto journey with a new exchange.
Finding a suitable financing method is crucial for new crypto investors. Mobile e-wallets for purchasing cryptocurrency will increase in importance, especially in Southeast Asia, Latin America and Africa. Most crypto exchanges have learned that e-wallets are seen as essential for deposits in Asia and South America since credit and debit are less common there compared to Europe, the US and Canada.
“In Asia, credit card penetration is very low. It’s less than 10% in many countries, so credit cards don’t really serve consumers”, says Wong Loke Hwee, vice president of Boku.
Crypto Lists Limited has over 10 active e-wallets with up to 17 different crypto exchanges supporting them, all displayed on their website. In the coming year, there will be more regulatory requirements for electronic wallets, not least for Anti-Money Laundering (AML), writes BIS in a comprehensive report.
A trend among crypto exchanges is to create their own wallets, to minimize fees and provide more rewards to customers. Nevertheless, debit cards are the most used deposit method in both Europe and the USA. Five major crypto deposit debit cards are now also available on CryptoLists.com.
All the most commonly used cryptocurrencies for deposits are also included, making it easier for the more advanced users to get started.
Some of the methods with the lowest initial fee include the peer-to-peer transfer method, which is available on five different crypto exchanges and platforms. However, there are also downsides to P2P transfers, including the possibility of both parties changing their minds and significantly less liquidity. In summary, a total of 150 deposit methods are now available on Crypto List’s website. Of the wide range of financing options, 19 are made in the USA, 18 are from Europe, 18 are from Asia or Australia, six payment methods are from South America and four are from Scandinavia.
The remaining 85 funding options come from cryptocurrencies that are not classified by a single country. When transferring with crypto, it is important to check carefully that both the transferring side and the receiving side use the same blockchain, otherwise the transaction will be lost.
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