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Bity Integrates With MyEtherWallet To Enable KYC-Free FIAT Withdrawals by firepower

View this thread on: hive.blogpeakd.comecency.com
· @firepower ·
$56.74
Bity Integrates With MyEtherWallet To Enable KYC-Free FIAT Withdrawals
European cryptocurrency users who were put off by strict KYC requirements need not fret anymore as they can now convert their favourite cryptocurrency such as Bitcoin or Ethereum without any identity verification. Bity has integrated with MyEtherWallet.com to enable this smooth conversion of funds between MEW wallet and Bity account.

This comes close on the heels of MEW V5 and the new changes it has incorporated into the product to make it easier for anyone to purchase or swap Ethereum with other big coins such as Bitcoin. 

<center>![Screen Shot 2019-02-21 at 1.26.52 PM.png](https://cdn.steemitimages.com/DQmeZimRDc2rnV6vJhmbwuce4q8qMMenR2SFwYrmbMMYBna/Screen%20Shot%202019-02-21%20at%201.26.52%20PM.png)</center>

But using this exchange service you can now sell Ether and Bitcoin to Euros and Swiss Francs upto $5000 worth without any KYC required. Bity also runs a Bitcoin ATMs in Switzerland. They have locations in Zurich, Zug, Winterthur, Basel, and Lausanne.

[Bity](https://bity.com/) is compliant with the Swiss Anti Money Laundering Ordinance (AMLA) and therefore it can process upto $5000 worth of crypto without KYC requirements. It is audited and regulated under Swiss laws. However, I'm not sure if it's $5000 per day, month or year. Although I think it's a daily limit. Please DYOR.

<center>![Screen Shot 2019-02-21 at 1.14.26 PM.png](https://cdn.steemitimages.com/DQmdzDotHZNP1iTSStxohkuyfqn78tXjV5SuyDqufV3qcVM/Screen%20Shot%202019-02-21%20at%201.14.26%20PM.png)</center>

Overall, it's fantastic how things are changing so rapidly in this space in most developed regions of our world. It's a great initiative from MEW and Bity. I hope we can see something similar for STEEM soon. However, $5000 worth in EUR/CHF might be a little on the lower side for EU users. But I sincerely hope its enough to bring more users to cryptocurrency. 

If you are from Europe, maybe you can test this out and post a review. I would like to know from fellow Steemians their experience with this service. 


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