BitTool partners with Far East Bank to launch dedicated cryptocurrency account

BitoPro, a well-known cryptocurrency exchange in Taiwan, announced yesterday (6/21) that it has joined hands with Far Eastern International Bank to launch a major cooperation: a dedicated cryptocurrency account. This move symbolizes an important integration of the traditional financial system and the cryptocurrency world, providing users with a more convenient and efficient trading experience.

Source: Bito Group

Zheng Guangtai, CEO of Bito Group, said that this cooperation is expected to increase the average daily transaction volume of users by 25% and is confident about possible explosive growth in the future. The launch of this exclusive account not only solves many pain points in cryptocurrency trading, but also brings new hope and opportunities to the Taiwan cryptocurrency market.

Benefits and Offers for Cryptocurrency Dedicated Accounts

Three top privileges

  1. Limit increase: For the cooperative account between BitTouch and Bankee, the maximum single deposit limit reaches NT$1.5 million, and the maximum deposit limit on the same day is NT$5 million. This greatly increased limit allows users to easily grasp investment opportunities and is no longer limited by the low limit of traditional banks.

  2. Monarch account opening: Users who open this account can open Taiwan dollar and foreign currency accounts at one time, which greatly simplifies the transaction process and improves user convenience.

  3. Large-amount withdrawals: The monthly withdrawal limit of this account can be up to NT$40 million (subject to review), and there are 6 fee-free withdrawals per month in the first year. This is undoubtedly a huge benefit for users of high-frequency trading.

Three super offers

  1. Exclusive gift: Users who apply for this account will receive a physical card for the Bito cryptocurrency exclusive account - Bito gilt co-branded card, which not only adds a status symbol, but also enhances the user's trading experience.

  2. Deposit discount: Users can enjoy 6 inter-bank transfers free of charge and 6 withdrawals free of charge every month, further reducing transaction costs.

  3. Interest rate discount: This account has no limit on the deposit amount. Current deposits can enjoy an annual interest rate of 0.845%, and monthly interest payments allow users' funds to not only lie in the account, but also continue to increase in value.

More convenient services coming soon

  1. Withdrawal service: This account will soon launch multiple withdrawal services in a single day to make the fund operation more efficient and meet the needs of users for high-frequency transactions.

  2. One-click deposit: The Bito platform will launch the function of quickly adding Taiwan dollars from BitoPro to achieve seamless switching of apps and improve user experience.

  3. U.S. dollar deposits and withdrawals: This account will support U.S. dollar deposits and withdrawals in the future to avoid exchange risk, making it easier for users to conduct transactions around the world.

how to apply? Take a look at the application process at once

1.【Account Opening】Open an account through BitoPro App and bind Bankee

Source: Bito Group

2. [Online application] Appointment transfer (requires video verification + natural person certificate)

Source: Bito Group

3. [Online application] Quota adjustment (video verification + natural person certificate required)

Source: Bito Group

A major breakthrough in cryptocurrency trading

This cooperation is not just a simple agreement between BitTool and Far East Bank, but a landmark innovative initiative. It symbolizes that the traditional financial system has begun to recognize and accept cryptocurrency transactions. Users will no longer face bank rejection or restrictions when participating in the cryptocurrency market, and transaction efficiency has been greatly improved.

Today, as the cryptocurrency market is growing, the launch of this exclusive account provides great convenience and benefits to cryptocurrency users in Taiwan. It also indicates that more traditional financial institutions may join the ranks in the future to jointly promote Cryptocurrency market development.

All in all, the cooperative account between Bito and Bankee not only provides a wealth of benefits and discounts, but also creates a new financial service model for cryptocurrency users. With more convenient services about to be launched, we have reason to believe that this innovative move will bring more opportunities and changes to Taiwan’s cryptocurrency market. It is expected that more financial institutions will participate in the future and jointly promote the popularity and development of cryptocurrency.

For more detailed information about "BitoPro X Bankee Cryptocurrency Exclusive Account", please refer to the official announcement.