Bitcoin exchange CEX.IO has announced that it is lowering fees for payment card deposits in USD and EUR to 3.5% + $0.25/€0.20 respectively.

With this decision the exchange is hoping that now more people would be willing to make use of the opportunity and buy Bitcoin and other cryptocurrency through its network.

The users can use debit cards and credit cards issued in any local national currency to buy the virtual currency, with the exchange claiming that the process is very easy and the experience extremely pleasant.

CEX.IO asserts that it allows ideal processing conditions that are needed for a quick and successful processing of card payments, the wide range of acceptable payment cards, and numerous positive feedbacks from users.

Jeffrey Smith, Chief Information Officer of CEX.IO, said that they are working towards creating better conditions for users to sell and purchase digital currencies, stating:

“In the nearest future, we are planning to create even better conditions for users who want to buy Bitcoin and traders who earn on the price difference. Addition of other trading pairs is a part of the plan, but we are more into developing the current payment methods and growing volume of trading pairs.”

The company also claims that the users are allowed to fund their account up to $2,000 or €2,000 with a simplified verification procedure, or increase limits to $100,000 per month after identity verification.

Plus, CEX.IO also allows an unlimited number of cards to be linked to their profiles, which means that a user needs to select one from the list and confirm the payment.

The exchange also allows instant Bitcoin purchase via pre-configured bundles in the amount of $100, $200, $500, and $1,000, which can be spent on the digital currency.

The prices for bundles depend upon the current market price and are recalculated every 120 seconds.

Earlier, the exchange was in the news for expansion into the Latin American region.