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Argentine exchange house activates 1,200 points for buying and selling bitcoins in cash

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The Argentine exchange house ArgentBTC launched on Monday, August 19 its new service for buying and selling bitcoins in cash, thanks to its integration with the company Plus Payments, which has 1,200 points in 8 provinces of that country, for paying taxes, utility bills, recharge cell phones or request cash.

Julian Arceo, CEO of ArgentBTC, spoke with CriptoNoticias about the details of the integration with Plus Pago, of the Administrator company San Juan, with which they began to negotiate several months ago and after a merger process of both platforms, they managed to activate the service of buying and selling bitcoins in cash, which has aroused interest in the community and that in a week made more than 100 operations.

The provinces San Juan, Santa Fe, Santa Cruz, and Entre Ríos have a greater number of points enabled, while in Formosa, Chaco, Corrientes and Buenos Aires, there is one point in each provincial capital. All are operational for the purchase and sale of bitcoins. To know the nearest point, it is enough for users to enter the Plus Payment page.

“The system is very easy to use to buy bitcoins. Once the user has his account verified in ArgenBTC, he goes to one of these 1,200 Plus Payments points, says he wants to add funds to his Argent BTC account, says his ID number (National Identity Document), enter the amount you want to add, pay that amount in cash and immediately the funds are credited to your account. ”

Julian Arceo, CEO of ArgentBTC.

Arceo adds that the system works similarly for the withdrawal of funds, for which it is necessary for the user to sell the amount he wants in bitcoins to the ArgentBTC platform, then indicates that he wants to withdraw the funds in cash for Plus Payments. Once you receive confirmation that the withdrawal has been approved, go to any of the 1200 points, indicate your ID number, indicate that you want to withdraw your funds from your ArgentBTC account and immediately receive the amount in cash.

Currently, the withdrawal limit is 10 thousand Argentine pesos (USD 182) for each transaction. However, it is possible to make four withdrawals per day. The service charges a commission of 1%, “one of the lowest in the market,” as noted by Arceo.

“We are already negotiating with Plus Payments and probably from next week or the next week, withdrawals of up to 25 thousand pesos can be made and in that case up to two withdrawals per day of 25 thousand pesos per person can be made each one”.

Julian Arceo, CEO of ArgentBTC.

Purchases with immediate transfers
In early August, ArgentBTC announced its alliance with the Industrial Bank (Bind) of Argentina, through which it launched its automatic and immediate bank transfer accreditation service.

“Bind Bank has an application and we qualify to use it, so we now offer this service with which any ArgenBTC user who buys bitcoins and transfers funds from any bank account to our Industrial Bank account, immediately those funds are credited. in your ArgentBTC account, 24 hours a day, 365 days a year. ”

Julian Arceo, CEO of ArgentBTC.

Arceo adds that although this type of service is currently offered by other companies, the advantage that ArgentBTC is offering is that it does not charge commissions, so whoever buys bitcoin through bank transfer on the platform, can look at the published rates As final price.

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