- With the introduction of its Bitcoin trading service on its Hype platform, Banca Sella now enables more than 1.2 million users to purchase and sell cryptocurrency directly.
- The Banca Sella Bitcoin service was first introduced in Italy when the country was under COVID-19 shutdown.
- For regular users, the annual trading cap is $2,700; for Plus and Premium account holders, it is $54,000.
Fintech Finance claims that the 1886-founded Italian bank Banca Sella now provides a different service: trading Bitcoin on a brand-new platform called Hype via its mobile banking app.
Huge Usage of the Banca Sella Bitcoin Service
With the support of more than 1.2 million users, Hype mobile banking has developed to allow for direct service purchases and sales without the need for intermediaries.
A select group of Hype Plus clients will initially have access to the Banca Sella Bitcoin service, and eventually all users will as well. Hype Plus is launching during a national lockdown in Italy brought on by the COVID-19 outbreak, which has severely disrupted conventional banking operations.
Sending and receiving money might be challenging for many users, thus the launch of a Banca Sella Bitcoin service is undoubtedly welcome. especially in light of the growing desire to research and understand crypto solutions.
Use Trading Caps to Exercise Control as Banca Sella Supports Bitcoin Adoption
Users that are hyped will send Bitcoin to people in their address books and use it anywhere that it is accepted. The bank emphasized that setting up a Bitcoin wallet merely takes four steps and is free of cost.
Banca Sella, however, has placed restrictions on trading the service: for users with Hype Start account types, buying and selling Bitcoin is limited to $2,700 annually; for users with Plus and Premium account types, this is increased to around $54,000.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
