Yacuna Waives Fees for Trading and Withdrawals

UPDATE (15:17 2nd February 2015): Added comment from Yacuna regarding changes to deposit and withdrawal limits for unverified customers.

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UK-based cryptocurrency exchange Yacuna has waived all trading and withdrawal fees in a bid to boost the ecosystem, the firm says.

In a statement on the move, Yacuna CEO Andrei Martchouk said: "We want to support blockchain technologies until they dominate the market and do not wish to leech on our customers in the current environment."

The only fees now in place are those that apply for speedier methods of fiat bank deposits, details of which can be found here.

Deposit and withdrawal limits have also been adjusted so that customers awaiting verification are able to deposit and trade cryptocurrencies immediately.

Benjamin Last, a spokesperson for the company, said: "If you are a basic customer (verified email only) you can withdraw only €100 worth of EUR/GBP, but €60.000 worth of cryptocurrencies. This is per calender year. There is no change to withdrawal limits after verification, which is basically unlimited."

Yacuna offers customers the ability to trade bitcoin, litecoin and dogecoin with fiat currency. It recently launched faster fiat currency deposits via SOFORT banking and a beginners' buying service at Yacuna-Direct.com.